National Chartered Accountants Day or CA Day is celebrated on July 1 every year. This day is celebrated to commemorate the finding of the Institute of Chartered Accountants of India (ICAI) by the parliament of India in 1949. Every year on the day of the establishment of the ICAI, CA Day is celebrated to honour the Chartered Accountant.
About the Institute of Chartered Accountants of India (ICAI):
ICAI is India’s national professional accounting body and also the second biggest accounting organization in the world. The Institute of Chartered Accountants of India (ICAI) was established on this day in the year 1949 under an Act passed in Parliament. The ICAI is the sole licensing and regulatory body for the financial audit and accounting profession in India, and its recommendations are followed by everyone – from the National Financial Reporting Authority (NFRA) to companies and accounting organizations.
Important takeaways for all competitive exams:
- Institute of Chartered Accountants of India Headquarters: New Delhi.
- President of ICAI: CA Atul Kumar Gupta.
- The National Financial Reporting Authority (NFRA) was constituted on 01st October 2018 by the Government of India under Sub Section (1) of section 132 of the Companies Act, 2013.
- Chairman of National Financial Reporting Authority: R.Sridharan.