National Chartered Accountant Day 2020: National Chartered Accountant Day or CA Day is celebrated annually on 1 July commemorating the establishment of the Institute of Chartered Accountants of India (ICAI) on this day in 1949. This year is the 72nd celebration of National CA Day.
According to a report in NDTV, ICAI is India's national professional accounting body and also the second biggest accounting organisation in the world.
The report further mentioned that ICAI is the sole licensing and regulatory body for the financial audit and accounting profession in India.
According to a report in Jagran Josh, the British government in India passed the Companies Act in 1913, that provided for the appointment of an auditor to audit the books each company registered under the act had to maintain.
As per the report, in 1930, a decision to maintain a register of accountants was taken by the Centre. The title of Registered Accountant was given to those accountants whose name was entered into this roster.
In 1948, an expert committee said that an autonomous body should be formed for enhanced regulation of accounts and subsequently the ICAI came into existence when the Chartered Accounts Act of 1949 was passed. The term Chartered Accountant became the preferred title instead of the previously used Registered Accountant.
On the occasion of National CA Day 2020, a number of leaders extended their wishes to the CA community.
Prime Minister Narendra Modi extended his wishes to the community on National CA Day 2020. "Our industrious CA community has a major role to play in ensuring a healthy and transparent economy. Their services to the nation are deeply valued," wrote the prime minister.
Our industrious CA community has a major role to play in ensuring a healthy and transparent economy. Their services to the nation are deeply valued. Greetings on Chartered Accountants Day. pic.twitter.com/HnJLKTheIf
— Narendra Modi (@narendramodi) July 1, 2020
Union Home Minister Amit Shah also greeted all CA professionals and said that the country is proud of her "talented CA fraternity" which has been playing a pivotal role in the nation building.
Greetings to all CA professionals on 'Chartered Accountants Day'.
India is proud of our talented CA fraternity which has been playing a pivotal role in nation building. Their contribution in India's economic growth and development is exceptional.
— Amit Shah (@AmitShah) July 1, 2020
Union MSME Minister Nitin Gadkari extended his best wishes to CA community on CA day 2020. "The CA community has played an exemplary role in nation building through their financial and economic expertise," he tweeted.
The CA community has played an exemplary role in nation building through their financial and economic expertise. My best wishes to them on #CharteredAccountantsDay.
— Nitin Gadkari (@nitin_gadkari) July 1, 2020
Union Minister of Railways and Commerce & Industry Piyush Goyal shared a video where he spoke about the challenges that CA's have to face.
Extending his wishes to fellow CAs, the minister wrote, "Backbone of the financial system, CAs play a key role in
furthering better corporate governance in our society. My best wishes to the CA fraternity. May they continue to advance India's economic growth."
Extending warm wishes to my fellow Chartered Accountants on #CADay
Backbone of the financial system, CAs play a key role in furthering better corporate governance in our society.
My best wishes to the CA fraternity. May they continue to advance India's economic growth. pic.twitter.com/tBraedru21
— Piyush Goyal (@PiyushGoyal) July 1, 2020
Here’s how others wished the CA community:
I extend my warm wishes to all #CharteredAccountants on #CAday2020
At a time when the economy is going through rapid transformation, CAs form the backbone of the financial system
Let’s salute them so that they can continue to add to India’s Growth Story !@theicai @FinMinIndia pic.twitter.com/hrG4n8R2Ea
— Dr Harsh Vardhan (@drharshvardhan) July 1, 2020
Wishing all my fellow #CharteredAccountants a very happy #CharteredAccountantsDay .We all must commit ourselves to to the most important task of nation building,besides our basic duty towards the society to excell in our profession to inspire confidence of all @theicai
— Suresh Prabhu (@sureshpprabhu) July 1, 2020
Greetings and best wishes to India’s CA fraternity on Chartered Accountants Day. A vital element in nation building, the CA community is assiduously working to ensure better corporate governance and is propelling India towards economic growth. #CADAY @theicai
— Dharmendra Pradhan (@dpradhanbjp) July 1, 2020
from Firstpost India Latest News https://ift.tt/3ePapd9
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