^ Regulate the profession of Accountancy
^ Education and Examination of Chartered Accountancy Course
^ Continuing Professional Education of Members
^ Conducting Post Qualification Courses
^ Formulation of Accounting Standards
^ Prescription of Standard Auditing Procedures
^ Laying down Ethical Standards
^ Monitoring Quality through Peer Review
^ Ensuring Standards of performance of Members
^ Exercise Disciplinary Jurisdiction
^ Financial Reporting Review
^ Input on Policy matters to Government