The National Chartered Accountants (CA) Day is annually observed across India on 1st July to commemorate the establishment of the Institute of Chartered Accountants of India (ICAI) on 1st July 1949. It is also known as ICAI Foundation Day which honors the work of all Chartered Accountants.
- 1st July 2023 marks the 75th anniversary of the ICAI.
Theme for 2023:
The theme for the year 2023 is ‘Empowering Financial Excellence’.
Event 2023:
i.To commemorate the 75th anniversary, President of India Droupadi Murmu attended the CA foundation day and launched the new syllabus at Siri Fort Auditorium, New Delhi, Delhi
- The syllabus is formulated with the new Scheme of Education and Training in line with International Education Standards and National Education Policy, 2020 (NEP).
- ICAI celebrated the event as Vishwaska Utsav showcasing ICAI’s name as an embodiment of Independence, Integrity & Excellence.
ii.India Post, Ministry of Communication & Technology, released a commemorative stamp of ICAI on the occasion of the CA Day 2023 to mark the beginning of its 75th year.
iii.ICAI also launched a Special logo to commemorate the beginning of its 75th year.
Feature of the logo:
i.The logo features a modern interpretation of the Garuda, the mythical bird-like creature that is a symbol of strength, power, and wisdom in Indian mythology.
ii.The vibrant blue color on the logo represents the dynamism and innovation of the chartered accounting profession.
iii.The logo also features the words “The Institute of Chartered Accountants of India” in a sans-serif font and a tagline: ‘75 Years of Trust’.
ICAI:
i.The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, (The Chartered Accountants Act, 1949) to regulate the profession of Chartered Accountancy in the country.
- The ICAI is the 2nd largest professional body of CA’s in the world an it is the only licensing and regulatory body for the financial audit and accounting profession in India.
ii.The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India.
iii.The Council constitutes of 40 members, 32 are elected by the Chartered Accountants and 8 are nominated by the Central Government representing the Comptroller and Auditor General of India(CAG), Securities and Exchange Board of India(SEBI), Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.
About Institute of Chartered Accountants of India (ICAI):
President- Aniket Sunil Talati
Headquarters- New Delhi, Delhi
Established in 1949
