Update yourself.... Very few of us today know that, till 1949, technically speaking, there were actually very few chartered accountants. There were various designations in profession-RAs (Registered Accountants), Approved Accountants, Incorporated Accountants, GDA (Government Diploma in Accountancy)-besides the existence of Chartered Accountants who had their education from one of the five chartered societies from UK, e.g. The Institute of Chartered Accountants of England and Wales and The Institute of Chartered Accountants of Ireland. To remove this distinction from the professional makeup of our forefathers, a group of accountants started a war for dignity, since not just Chartered Accountant designates but the industry too thought very high and superior of the chartered designation. That too, when skill-wise, accountants trained and educated in India were no less competent than their UK counterparts. It was the joint efforts of our accounting forefathers and extensive discussions and debates put up by the Government of India officials, enthusiast public advocates, thoughtful political leaders and representatives, etc., in the Legislative Assembly on March 23, 1936, with which our forefathers started their struggle for equality in professional standing. Then in the 18th meeting of the Indian Accountancy Board, it was decided to designate all accountants of India as chartered accountants. Since then, The Institute of Chartered Accountants of India took over the responsibility to train that class of noble professionals.
Posted on: Thu, 04 Jul 2013 10:18:00 +0000
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