The Prime Minister, Shri Narendra Modi has extended his best wishes to all Chartered Accountants on CA Day. Shri Modi has also shared a video in which he had expressed his views on the importance of Chartered Accountants in the field of Economics.
The Prime Minister tweeted;
“A Chartered Accountant has an important role in our economy. On CA Day, best wishes to all Chartered Accountants. May they keep working hard in furthering growth and transparency in the economy.”
A Chartered Accountant has an important role in our economy. On CA Day, best wishes to all Chartered Accountants. May they keep working hard in furthering growth and transparency in the economy. pic.twitter.com/TDtyxefIYP
— Narendra Modi (@narendramodi) July 1, 2022
Chartered Accountants, CA Day 2022 is observed to mark the foundation day of the Institute of Chartered Accountants of India, ICAI. CA Day is celebrated annually to honor around 2.5 lakh members of ICAI and chartered accountants across the globe.
History of the Chartered Accountants, CA Day
During the British regime, all companies used to keep a firm record of their accounts under the Companies Act of India. Certified auditors, who completed a course on accountancy diploma, used to audit the books of accounts.
In India, the accounting profession remained unregulated till 1948. In the same year, an expert committee suggested the formation of an autonomous body and the Chartered Accountant Act in 1949. The ICAI was established on 1 July 1949 to regulate the accounting laws in India.
CA Day Significance
Chartered Accountant is regarded as one of the most honoured and noble professions in India. CA play a very important role in the economic development of our nation. The day is celebrated to honor the Chartered accountants in India.
The ICAI is the most professional institute in the country for enhanced regulation of the accounting profession in India. CA Day is observed to acknowledge and celebrate the contribution of India’s most professional and oldest accounting body.