Current Affairs - Important Days - Discussion

National Chartered Accountants Day is observed annually on July 1 in India to commemorate the founding of the Institute of Chartered Accountants of India (ICAI) in 1949. The establishment of ICAI marked a major shift in the professional regulation of accountancy in India, transitioning from an unregulated system of “Registered Accountants” under British rule to a structured and ethical profession. The ICAI is now one of the largest accounting bodies in the world and plays a vital role in maintaining financial discipline, ensuring transparency, and supporting India's economic development. The day celebrates the contributions of Chartered Accountants to the country's financial ecosystem.