Question

in which year ABS was set up by ICAI​

Answer 1

Answer:

1949

This Act may be called the Chartered Accountants Act, 1949.

Answer 2

Answer:

The Institute of Cost Accountants of India (erstwhile The Institute of Cost and Works Accountants of India) was first established in 1944 as a registered company under the Companies Act with the objects of promoting, regulating and developing the profession of Cost Accountancy.