Public Relations Committee
The Institute of Chartered Accountants of India
1st July, 2021

ICAI Press Release

Financial & Tax Literacy Drive, Sustainability & Capacity Building is the focus of ICAI 73rd Chartered Accountants’ Day celebrations

The 73rd Chartered Accountants’ Day was celebrated today i.e. on July 1st all across the country with great enthusiasm and zeal. July 1st is a landmark day in the history of The Institute of Chartered Accountants of India (ICAI) as on this day in the year 1949, the Institute was set up to regulate the Profession of Chartered Accountancy in India.

The 73rd Chartered Accountants’ Day in Delhi was inaugurated by the Chief Guest Shri (CA.) Piyush Goyal, Hon’ble Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution in the presence of CA. Nihar N Jambusaria, President, CA. (Dr.) Debashis Mitra, Vice-President, ICAI and Central & Regional Council Members of ICAI. The function was attended virtually by approx.. 77, 000 CA Members, students and stakeholders all across the world.

During the programme, ICAI launched Financial & Tax Literacy Drive to educate the common man about financial planning and tax related matters. A dedicated multilingual portal “VitiyaGyan.icai.org” was launched in 9 different languages. This portal will be a one stop destination for all the digital e-learning resources for reference of the users at large.

In this occasion, to improve the quality of audit, ICAI releases the Audit Quality Maturity Model – Version 1.0 (AQMM v1.0) which is a comprehensive score-based tool to help a firm to self-identify its audit quality maturity level. A Mobile app has also been launched which will provide interactive quality learning services to CA students.

While addressing the gathering Shri (CA.) Piyush Goyal, Hon’ble Union Minister said “Over last 72 years, the CA profession has shown to the world that how a well-managed and organised professional body i.e. ICAI can work independently with great degree of transparency and successfully steer the future of CA profession to glorious heights.”

Hon’ble Minister reiterated the words of Hon’ble Prime Minister of India wherein CAs were referred to as “Gurus of the Finance World”. The Hon’ble Minister reaffirmed his confidence in CA profession and its abilities. The Minister further added that Prime Minister through his message in “Mann ki Baat” has reaffirmed his faith in CA profession and his desire to see CA profession prosper, to work as an Engine towards brighter future of India and take India to surmountable heights at the International front.

The Hon’ble Minister stated “Chartered Accountants take care of the health of the economy. In the times of COVID, the CAs have worked diligently to keep the wheels of the economy going.” The Hon’ble Minister urged all Chartered Accountants to work collectively with sanctity & credibility so that the trust of the society & world on seal of the Chartered Accountants is established.

CA. Nihar N Jambusaria, President, ICAI said “On this 73rd CA Day, I would like to share an important information. The Council of ICAI has approved to waive off the fees of all CA students who have lost their both parents/ single parent due to COVID. The scheme will be effective for next 2 years. This is an endeavour of ICAI to provide relief to the students and let them continue their studies without any difficulty.”

President, ICAI further added “Another major achievement for ICAI is that today the Ministry of Corporate Affairs has approved the MDP guidelines of ICAI. This will pave way for CA Firms to partner with members of other professions and offer varied services under one roof.” He further added “ ICAI is certain that with the approval of MDP guidelines, we would be able to work towards making the dream of Hon’ble Prime Minister, of establishing Big Indian Audit Firms come true “.

CA. (Dr.) Debashis Mitra, Vice-President, ICAI said “ICAI bears testimony to the fact that strong foundations go a long way in creating a unique and historic Institution. ICAI is contributing to the nation’s growth path with a model that defines “Excellence, Independence and Integrity”. With strong commitment, hard work and dedication, ICAI has emerged as one of the most revered institutions in the field of education and professional excellence.”

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.

Taking note of the fact that rapid construction and mushrooming of housing colonies has led to depletion of the green cover all across the world. As a consequence, pollution is increasing at an alarming rate. Increasing the green cover by tree plantation is one of the easiest yet effective measures towards reducing this imbalance. ICAI today launched Mega Tree Plantation Drive through the august hands of Shri Arjun Ram Meghwal, Hon’ble Minister of State for Parliamentary Affairs, Heavy Industries and Public Enterprises. The Regional Councils & Branches of ICAI from all over India also joined in the launching ceremony by planting trees at their respective place. They also took a pledge to nurture the plants for a minimum period of 3 years.

The Institute plans to plant 10 lakh trees during the year through its Branches and Regional Councils and the members and students.

The ICAI launch nationwide ICAI Sustainability Literacy Drive that would make the process of sustainable development more feasible and operational by establishing a common focus of various distinct stakeholders.

To keep morale of CA members & students high during challenging times posed by COVID-19 , for a mindful approach in daily routine and to reduce stress and fill positivity, a Special Webinar on “Spiritual Powers” addressed by B K Shivani, Motivational Speaker was also organised.

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