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India Observes 77th Chartered Accountants Day Highlighting Evolved Advisory Roles

Nationwide tributes underscore chartered accountants' shift from auditors to strategic advisors in India's economy.

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Overview

  • Chartered Accountants Day is held every July 1 to mark the Institute of Chartered Accountants of India’s 1949 founding by an Act of Parliament.
  • This year’s observance marks ICAI’s 77th anniversary as the sole statutory regulator of India’s chartered accountancy profession.
  • Celebrations include messages from ICAI leaders, social media tributes and professional acknowledgments across finance and business circles.
  • Modern chartered accountants now handle tax planning, corporate governance, business consulting, financial management and forensic accounting.
  • ICAI’s establishment introduced standardized education, qualification exams and ethical guidelines to enhance transparency and corporate governance.