Chartered Accountants Day is celebrated every year on July 1. Chartered Accountant is an internationally acknowledged profession and is considered to be the first accountants to create the accounting body, and it was initially established in Scotland in 1854. ICAI (Institute of Chartered Accountants of India) was formed in India as a result of an act that was passed on July 1st, 1949. Chartered accountant members of ICAI is considered to be prestigious. The motto of ICAI is the one who is awake in those that sleep. Chartered accountants are promised to follow the regulation of the ICAI. Chartered professionals work in connection with various fields like finance, auditing, taxation, general management, and lot more. They also offer other technical services, advisory services on career and business development. Chartered Accountants Day celebrates the foundation day of ICAI and recognizes the importance of the profession.
“I just wanted to be a businessman, and to me, the best way to understand business was to be an accountant.” – Aubrey McClendon
History of Chartered Accountants Day
In 1930, the Government of India made plans to maintain a register of accountants and registered the names of accountants in their roster and offered them the title, Registered Accountant. It was in 1948 that the expert committee suggested for the formation the of the autonomous body enhance regulation. By that time many Indians became members of ICAI in England and Wales under the name of Chartered Accountants. On July 1, 1949, the Chartered Accountant act was passed, and ICAI came into existence, and the term Chartered Accountant was used instead of Registered Accountant. Since then, Chartered Accountants Day was celebrated as ICAI Foundation Day or CA Day in India.
Other Celebrations on July 1
July 1 is also celebrated as
- International Joke Day
- Canada Day
- National Second Half of the Year Day
- Zip Code Day
- National Creative Ice Cream Flavors Day
- National Postal Worker Day
- International Reggae Day
- National Gingersnap Day
How to celebrate Chartered Accountants Day
Chartered Accountant Day acknowledges the importance of the profession and the role that they play in country’s economy. On this day thank your accountant for making your job simple and helping you pay tax effectively. They are the experts that a business needs to help you with the numbers. Post pictures and share your Chartered Accountants Day celebrations on social media by using the hashtag #CharteredAccountantsDay.
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