When is chartered accountant day

In , the new Government of India GOI started maintaining a register of accountants which carried the names of accountants and such individuals were referred to as Registered Accountant. No step was significant enough to efficiently regulate the profession of accountancy. Then an expert committee which was formed in suggested the formation of an autonomous body to regulate this profession and so the Chartered Accounts Act of was passed and the ICAI was formed.

CA Portal is active in its coverage of complete news, updates and articles based on chartered accountants day The role of a Chartered Accountant is very important in any business organisation, regardless of the size and nature of the firm. So, to Laurel the profession and to acknowledge its importance in an organisation as well as in the national economy, we celebrate CA day every year on 1st July.

Every organisation has CAs and has its own way to celebrate the day. Your email address will not be published. What is Its Origin And History. Likitha June 29, Leave a Reply Cancel reply Your email address will not be published. Request A Suggestion. ICAI is deemed the second biggest accounting organization in the world with about 2.

Ergo, on this day, we honour the Chartered Accountant across the nation. The only licensing and regulatory body for the financial audit and accounting profession in India will celebrate the 73 rd Chartered Accountants day this year.

Here's everything you need to know on the day that celebrates this profession and its arbiters. Before Independence, the British Government established a rule that expected firms to keep track of their accounts under the Companies Act of India. An auditor was also appointed to audit these books. The auditors were expected to gain a certificate certifying them for this task.

In the ensuing years, the role and designation of an auditor morphed to various degrees where the accountancy profession became largely unregulated and created confusion in terms of the qualifications of auditors. Thank you for reading the post. You can celebrate every day with Happydays Submit a Comment Cancel reply Your email address will not be published. Search for:. Enable Notifications OK No thanks.