National Chartered Accountants Day is celebrated annually on July 1 to honor the Chartered Accountant(CA). The day marks the establishment of the Institute of Chartered Accountants of India(ICAI) in 1949 under the Chartered Accountants Act, 1949. This year 2020 is the 72nd celebration of the day.
Virtual National CA summit 2020
ICAI organised a virtual national CA summit 2020 from June 29 to July 1, 2020. The theme of the event is,‘Transforming the Future: Enabling Excellence, Augmenting Trust’
About ICAI
ICAI functions under the administrative control of the Ministry of Corporate Affairs, Government of India(GOI). It’s affairs is managed by a Council as per the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988.Â
Key info
i.ICAI is the only licensing and regulatory body for the financial auditing and accounting profession in India.
ii.The recommendation of the institute is followed from the National Financial Reporting Authority (NFRA) to companies and accounting organizations. It is the 2nd largest professional body of Chartered Accountants in the world.
Headquarters– New Delhi, India
President– CA. Atul Kumar Gupta
About NFRA:
NFRA was constituted by GOI under Sub Section (1) of section 132 of the Companies Act, 2013 on October 1, 2018.
Headquarters– New Delhi, India
Chairperson– R.Sridharan
