July 17, 2019 6:58 pm

Why we Celebrate CA Day: On 1st July

News Desk: Sakkat Suddi

An act of Parliament gave a birth to the INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI) on 1st July 1949. Founded a year before the Constitution of the country was formalized, the ICAI counts itself among the oldest professional institutions in India. It is the second largest professional accounting and finance body in the world in terms of members, with a current roster of about 2.5 Lakh members.

 

 

The Institute of Chartered Accountants of India, 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 to companies and accounting organizations.

 

ICAI is the one of the oldest professional bodies in India created by an Act of Parliament in 1949.

The ICAI’s official emblem has a Garuda and quote from the Upanishads. It was given to the ICAI By Sri .Aurabindo.

ICAI, the first certificate issued to Mr CA Gopaldas padamsey Kapadia, who was also the First President of Institute of Chartered Accountants of India.

ICAI is the second Largest accounting body in the world.

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