CA Day is celebrated on the 1st of July every year to commemorate the establishment of the Institute of Chartered Accountants in India (ICAI). The ICAI was established on 1st July 1949 as a statutory body under the Chartered Accountants Act, 1949.
The main objective of celebrating CA day is to spread awareness about the profession and its importance in society. It also provides an opportunity for chartered accountants to interact with each other and share their experiences.
This year, CA day falls on a Sunday and hence will be observed on Monday, 2nd July 2022.
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Why we celebrate Charted Accountants Day in India
In India, Chartered Accountants Day is celebrated on the 1st of July to commemorate the establishment of The Institute of Chartered Accountants of India (ICAI). ICAI is the national professional accounting body of India. The day is also used to recognize the contribution made by chartered accountants in various fields such as economy, trade, and industry.
The profession of chartered accountancy was introduced in India in 1854 with the establishment of The Institute of Chartered Accountants in England and Wales. However, it was only after independence that ICAI was established in 1949 as a statutory body under the Act Of Parliament.
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what is the theme of Charted Accountants Day 2022
Charted Accountants Day is an annual event celebrated by chartered accountants and accounting students across Canada. The day commemorates the founding of the Canadian Institute of Chartered Accountants (CICA) on June 10, 1902.
The theme for Charted Accountants Day 2022 is “Charting a Path to Success”. This year’s theme celebrates the 120th anniversary of the CICA and looks to the future of the profession.
On this day, chartered accountants are encouraged to reflect on their career journey and consider how they can continue to contribute to Canada’s economic success. They are also encouraged to share their knowledge and experience with others, especially young people who are considering a career in accounting.
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CA Day quotes
On this occasion, we bring to you some quotes by well-known personalities that perfectly capture the essence of what it means to be a CA.
“A Chartered Accountant is an asset not only to his firm or company but also to his country.” – Late Shri C.D. Deshmukh
“Chartered Accountants are like gems; they make a business shine.
“A good chartered accountant is worth their weight in gold.
“Chartered accountants are the financial backbone of every successful organization.”
“A chartered accountant is an important part of any business. They provide the financial expertise and advice that businesses need to make sound decisions. Without a chartered accountant, many businesses would not be able to survive.”