CA Day 2021: Find out why CA day is celebrated
CA Day is celebrated annually on 1 July to commemorate the establishment of the Institute of Chartered Accountants of India (ICAI), one of the oldest institutions in the country. Established in 1949 by the Parliament of India, ICAI is the second largest statistical and legal body in the world. It is the national technology body in India. It is noteworthy that CA Day is celebrated annually to honor 2.5 lakh members of ICAI and Chartered Accountants around the world. During the CA Day, Prime Minister Narendra Modi and Union Home Affairs Minister Amit Shah congratulated all CAs in the country.
CA day history:
During British rule, all institutions maintained a strict record of their accounts under the Companies Act. Certified Accountants who have completed an Accounting Diploma course have used it to keep account books. In India, accounting work remained unregulated until 1948. However, in 1949 a committee of experts recommended that an independent body be established and the Chartered Accountants Act and ICAI be established on 1 July 1949. Its purpose was to regulate accounting laws in India.
CA day value:
The Chartered Accountant is regarded as one of the most respected and respected professions in India. CAs play a vital role in the economic development of our country. This day is celebrated in honor of Chartered Accountants in India. ICAI is the world's largest professional accounting firm for accounting technology in India. CA Day is celebrated as a thank you for the role of the oldest technology company in India.
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