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National Chartered Accountant Day 2020: PM Modi, Venkaiah Naidu, Amit Shah, different BJP leaders laud CA neighborhood for ‘wholesome economic system’ – India News , Firstpost

National Chartered Accountant Day 2020: Institute of Chartered Accountants of India is the only licensing and regulatory physique for the monetary audit and accounting career in India.

National Chartered Accountant Day 2020: National Chartered Accountant Day or CA Day is widely known yearly on 1 July commemorating the institution of the Institute of Chartered Accountants of India (ICAI) on today in 1949. This 12 months is the 72nd celebration of National CA Day.

According to a report in NDTV, ICAI is India’s nationwide skilled accounting physique and likewise the second greatest accounting organisation on the planet.

The report additional talked about that ICAI is the only licensing and regulatory physique for the monetary audit and accounting career in India.

According to a report in Jagran Josh, the British authorities in India handed the Companies Act in 1913, that supplied for the appointment of an auditor to audit the books every firm registered below the act needed to keep.

As per the report, in 1930, a call to take care of a register of accountants was taken by the Centre. The title of Registered Accountant was given to these accountants whose title was entered into this roster.

In 1948, an professional committee mentioned that an autonomous physique must be fashioned for enhanced regulation of accounts and subsequently the ICAI got here into existence when the Chartered Accounts Act of 1949 was handed. The time period Chartered Accountant turned the popular title as an alternative of the beforehand used Registered Accountant.

On the event of National CA Day 2020, quite a few leaders prolonged their needs to the CA neighborhood.

Prime Minister Narendra Modi prolonged his needs to the neighborhood 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.

Union Home Minister Amit Shah additionally greeted all CA professionals and mentioned that the nation is happy with her “talented CA fraternity” which has been taking part in a pivotal function within the nation constructing.

Union MSME Minister Nitin Gadkari prolonged his greatest needs to CA neighborhood on CA day 2020. “The CA community has played an exemplary role in nation building through their financial and economic expertise,” he tweeted.

Union Minister of Railways and Commerce & Industry Piyush Goyal shared a video the place he spoke in regards to the challenges that CA’s should face.

Extending his needs to fellow CAs, the minister wrote, “Backbone of the monetary system, CAs play a key function in
furthering higher company governance in our society. My greatest needs to the CA fraternity. May they proceed to advance India’s financial development.”

Here’s how others wished the CA neighborhood:

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