PSS wishes all the CAs a very Happy Chartered Accountants DAY
On July 1st, 1949, an act of Parliament gave birth to the Institute of Chartered Accountants of India (ICAI). Founded a year before the Constitution of the country was formalized, the ICAI counts itself among the oldest professional institutions in the country. 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 lakhs members.
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. To be a part of the ICAI’s member list as a bona fide Chartered Accountant is a prestigious honor indeed – one that is celebrated every 1st of July, as the ICAI Foundation Day or, the Chartered Accountants Day.
PM Narendra Modi tweets, "The hardworking fraternity of Chartered Accountants has been furthering the culture of honesty and better corporate governance in our society.
CAs also play a key role in advancing economic prosperity. Today, on CA Day, my best wishes to all CAs for their future endeavours."