Miscellaneous Current Affairs · 2 July 2026

Chartered Accountants Day observed on July 1

Exam-focused facts from the 2 July 2026 current affairs briefing.

Key facts

  • Chartered Accountants Day is celebrated annually on July 1 to mark the foundation of the Institute of Chartered Accountants of India (ICAI).
  • The ICAI was established on July 1, 1949, under the Chartered Accountants Act passed by the Parliament, predating the Indian Constitution.
  • The ICAI is the sole statutory regulator of the Chartered Accountancy profession in India and is the world's second-largest professional accounting body by membership.
  • The official motto of the ICAI is the Sanskrit phrase Ya Esha Supteshu Jagriti from the Upanishads, which translates to the one who is awake in those that sleep.
  • The accounting profession in India evolved from the Companies Act of 1913 and the introduction of the Government Diploma in Accountancy in Bombay in 1918.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

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