Chartered Accountants' Day
Chartered Accountants’ Day is observed on July 1 to mark the day when the Institute of Chartered Accountants of India (ICAI) was established. Set up in 1949, it is one of the oldest professional institutes in India. It is the second largest accounting and a statutory body in the world. It is the regulator of India’s accounting laws.
The day recognises the role of 2.5 lakh members of ICAI and chartered accountants across the globe. This is significant since accounting profession did not receive recognition in India until 1948. Since the ICAI was established, the chartered accountants are playing pivotal role in the development of the Indian economy.