National Chartered Accountants Day 2023: Why is CA Day Celebrated on July 1? – Every year, National Chartered Accountants Day, CA Day, is observed on July 1. The Institute of Chartered Accountants of India (ICAI) celebrates the anniversary of the formation of this Institute. The day aims to recognize the contribution of India’s oldest and most professional financial and accounting organization – the ICAI.
National Chartered Accountants Day 2023: History
Earlier the formation of the ICAI, the British Government in India maintained accounts under the Companies Act. Following that, the British Government formed an accountancy diploma program for auditors. People who finished this course qualified to serve as auditors throughout India. On July 1, 1949, the Institute of Chartered Accountants of India (ICAI) was founded.
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