CA Day 2022: History, significance and wishes to share on the occasion

Chartered Accountants' (CA) day is celebrated annually on 1 July with an aim to commemorate the findings of the Institute of Chartered A...

Chartered Accountants' (CA) day is celebrated annually on 1 July with an aim to commemorate the findings of the Institute of Chartered Accountants of India (ICAI) by Parliament in 1949.

The ICAI is the only licensing and regulatory body for the profession of accounting and financial auditing in India. Every finance and accounting organisation including National Financial Reporting Authority (NFRA) is required to follow the recommendations of accounting standards made by them.

History

Before India became independent, the British government in India maintained accounts as per the provisions of the Companies Act. The auditor appointed for this task was expected to be certified but over the years, the designation morphed to various degrees where the accountancy profession was largely unregulated and created confusion with regards to the qualifications of auditors.

In 1948, after India got independent, an expert committee recommended that there should be a separate autonomous association of accountants to regulate their profession in the country. The Indian government accepted this recommendation and subsequently passed an act in the Parliament that led to the establishment of a statutory body named The Institute of Chartered Accountants of India (ICAI).

Significance

CAs have a very important role in the development of our country. Moreover, the ICAI is an institute that regulates the accounting standards in India.

Wishes to send to a Chartered Accountant

    1. Chartered Accountants create economies and finances to rely on. They create opportunities to grow. Best wishes to you on CA Day!
    2. Becoming a qualified CA is not a cake walk. It requires a lot of hard work to become one. I wish a very happy CA day to you!
    3. Without CAs, it is impossible for a company to function, no business in the country can prosper without a CA. Cheers to you on National CA Day!
    4. Our economy may seem to be tricky to the common man but for a CA, it is like a simple mathematical equation. Best wishes to all the CAs!
    5. Wishing you a very Happy CA Day. It might be easy to learn accountancy but it is certainly very difficult to become a Chartered Accountant. Congratulations on becoming a CA!

Read all the Latest News, Trending News, Cricket News, Bollywood News,
India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

दोआब (Doab) किसे कहते हैं? और जानिए भारत के दोआब क्षेत्रों के बारे में

Read Also

Nishpaksh

General knowledge

Name

Article,4,ASE News,2,BBC News - Technology,44,Business,23,codecanyon,3,DPR,1,Education / Employment,1,Entertainment,10,General knowledge,3,IANS – The Siasat Daily,8,IFTTT,49,India news,3540,Latest news,1,Madhy Pradesh,465,main,19,National,162,News,1,PTI – The Siasat Daily,3,Sports,11,themeforest,1,World,22,World News,1278,
ltr
item
India World News: CA Day 2022: History, significance and wishes to share on the occasion
CA Day 2022: History, significance and wishes to share on the occasion
India World News
https://www.asenews.page/2022/07/ca-day-2022-history-significance-and.html
https://www.asenews.page/
https://www.asenews.page/
https://www.asenews.page/2022/07/ca-day-2022-history-significance-and.html
true
8343353446356446311
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content