The National Charted Accountants Day is celebrated on July 1 every year to commemorate the finding of the Institute of Chartered Accountants of India (ICAI) by the parliament of India in 1949.
Daily Current Affairs Quiz 2020
Key-Points
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 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.
Institute of Chartered Accountants of India
The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India.
It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India.
ICAI is the second largest professional Accounting & Finance body in the world.
ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India.
