CURRENT AFFAIRS

Detailed explanation-1: -Detailed Solution. Charted Accountants Day or CA Day is celebrated on July 1 every year. The day commemorates the finding of the Institute of Chartered Accountants of India (ICAI) by the parliament of India in 1949.

Detailed explanation-2: -Hence, when the Institute of Chartered Accountants on India (ICAI) was incorporated under the Chartered Accountants Act, 1949, the use of the term ‘Chartered’ was legalised instead of ‘Registered’. Hence, 1st July is considered as the ICAI Foundation day or CA day in India since 1949.

Detailed explanation-3: -The Institute of Chartered Accountants in India was established on 01 July 1949. The background of this organisation and the day designated as CA Day is the topic we will discuss today. An Act of Parliament created the Institute of Chartered Accountants of India on 01 July 1949 (ICAI).

Detailed explanation-4: -Chartered Accountants Day 2022 observed on 01st July.

Detailed explanation-5: -Theme for WCOA 2022- ‘’Building Trust Enabling Sustainability”.