The National Chartered Accountant Day or CA Day is celebrated to commemorate the establishment of the Institute of Chartered Accountants of India. The Parliament of India set up this organisation on the 1st of July 1949.
Institute of Chartered Accountants of India (ICAI) is the national accounting body of India. It also happens to be the second largest professional accounting body of the world. It is also the only licensing and regulatory body for the financial audit and accounting profession in India.
Services of a Chartered Accountant on CA Day
Institute of Chartered Accountants of India lists many services of a registered CA. Here are a few important ones on CA Day.
- Accountancy ie. writing accounts and preparing financial statements is one of the core services.
- Auditing of financial records is the most important service of any CA. Only the records verified by a registered CA is accepted by the government agencies.
- Cost Accountancy is the process of ascertaining the cost involved in various levels of a business house.
- Taxation is a confusing thing in context of India. And a registered CA is trained to understand and explain then to public.
- Investigation into the financial works and their implications to a company also come under the services of a CA.
- Management Accounting means being a part of the decision making regarding financial decisions and policies of any organisation.
- Financial Advisory to a layman is another core service provided by a CA.
On the occasion of CA Day, Discover East Team thanks each and every Chartered Accountant for their valuable service.
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