Why is CA Day celebrated on July 1? History, significance and key facts explained

Every year on July 1, India celebrates Chartered Accountants Day to mark the foundation of the Institute of Chartered Accountants of India (ICAI) in 1949. The day recognises the invaluable contribution of Chartered Accountants in ensuring financial transparency, ethical governance and regulatory compliance, while tracing the profession's history, significance, ICAI's motto, and the occasion's importance.