ICAI celebrates Platinum Jubilee & 70th Chartered Accountants Day

Monday, July 1, 2019

The 70th Chartered Accountants Day of ICAI was celebrated on July 1st all across the country with great enthusiasm and zeal. July 1st is a landmark day in the history of ICAI as on this day ICAI was set up to regulate the Profession of Chartered Accountancy in India in the year 1949. This CA Day was more special as the Institute has reached a significant milestone i.e. Platinum Jubilee of its glorious existence.

The 70th Chartered Accountants Day in Delhi was inaugurated by Shri M. Venkaiah Naidu, Hon’ble Vice-President of India. The event was also graced by Shri Injeti Srinivas, IAS, Secretary, Ministry of Corporate Affairs & Dr. In-Ki Joo, President, International Federation of Accountants (IFAC). The function was attended by over 1200 CA Members and stakeholders.

While addressing the gathering Shri M. Venkaiah Naidu, Hon’ble Vice-President of India said “Indian accounting professionals have been working relentlessly working to fulfill the dreams of the founding fathers of their role of quality services envisaged by them.” He added “CAs are change agents and also the conscience keepers of the profession as well as for their clients. They also ensure that their clients pay their taxes truthfully and help in nation building.”

Naidu further stated “Accountancy has been included in the top 12 champion sectors by the govt. that will have the power to boost the economy of the country. I am sure CAs will understand the deep responsibility they have for nation building”.

The Vice-President further remarked “Success of GST would not have happened without the support and active contribution of ICAI and the CA community all across the country. CAs must not just do their day to day work diligently but also aim to work for the upliftment of the poor through their work. Without it growth has no meaning.”

Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs while addresing the participants remarked “I acknowledge the big work ICAI has done over the years. It is because of the inherent strength of this great institution that has helped it sustain all these decades with such greatness. The world economy is changing rapidly and these times are a great opportunity for ICAI to emerge as the steel frame of corporate governance in India.”

Dr. In-Ki Joo, President, IFAC said “ I congratulate ICAI on this great day. ICAI has done a great job in implementing GST and tax reforms in India. Since the very beginning, ICAI has been contributing immensely to the CA Profession not only in India but also globally.”

President, IFAC further added “ ICAI has proven time & again to convert challenges into opportunities. Wish ICAI once again with a firm belief that it will adapt well to the modern changes & needs of the economy and continue to contribute it's best.”

CA. Prafulla P. Chhajed, President, ICAI said “ Since beginning ICAI has been contributing to national & global economy. Chartered Accountants are constantly making positive effect in business & industry. ICAI is making all possible efforts to place India accountancy profession at global pedestal by signing more mutual recognition arrangements with global accounting bodies”.

He added “ICAI is the first accounting body to constitute Digital Accounting and Assurance Board to analyse the impact of digital and information technology, big data, blockchain and artificial intelligence and improve the internal operations and dealing mechanism at the Institute”. He further stated “ To safeguard our members from misrepresentation by miscreants vis-à-vis the attestation of financial documents/ certificates, ICAI has implemented in phased manner an innovative concept of UDIN i.e. Unique Document Identification Number”.

CA. Atul Kumar Gupta, Vice-President, ICAI said “ICAI continuously innovates to find better way of doing things & strive for professional excellence. Every CA of this profession is like a soldier of Indian army who acts not only as a catalyst to the growth of Indian economy but also ensures the adoption of prudent practices & standards that safeguards the interest of common man”.

ICAI has achieved significant milestones in the field of accountancy and is poised to play a greater role in changing the global landscape and strengthening the foundation of resurgent India by taking the profession to the newer zeniths.