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National Chartered Accountant Day in India is celebrated on:
- a)July 1
- b)June 20
- c)June 29
- d)July 5
Correct answer is option 'A'. Can you explain this answer?
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National Chartered Accountant Day in India is celebrated on:a)July 1b)...
Prime Minister Modi greeted Chartered Accountants on Chartered Accountants' Day.
- July 1 is celebrated as National Chartered Accountant Day in India. The day is observed in order to celebrate the formation of Institute of Chartered Accountants of India (ICAI) on July 1st, 1949.
- The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India.
- It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 to regulate the profession of Chartered Accountancy in India.
- ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India. It recommends the accounting standards to be followed by companies in India to National Financial Reporting Authority
- Only a member of ICAI can be appointed as statutory auditor of a company under the Companies Act, 2013.
Hence, option (a) is the correct answer.
Most Upvoted Answer
National Chartered Accountant Day in India is celebrated on:a)July 1b)...
Prime Minister Modi greeted Chartered Accountants on Chartered Accountants' Day.
- July 1 is celebrated as National Chartered Accountant Day in India. The day is observed in order to celebrate the formation of Institute of Chartered Accountants of India (ICAI) on July 1st, 1949.
- The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India.
- It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 to regulate the profession of Chartered Accountancy in India.
- ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India. It recommends the accounting standards to be followed by companies in India to National Financial Reporting Authority
- Only a member of ICAI can be appointed as statutory auditor of a company under the Companies Act, 2013.
Hence, option (a) is the correct answer.
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National Chartered Accountant Day in India is celebrated on:a)July 1b)...
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National Chartered Accountant Day in India is celebrated on:a)July 1b)June 20c)June 29d)July 5Correct answer is option 'A'. Can you explain this answer?
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