STEWARDSHIP

Chartered Accountant(CA)

The origin of the UK Chartered Accountant can be traced back to the 19th century in Scotland. In 1854, the Edinburgh Society of Accountants and the Glasgow Institute of Accountants and Actuaries were granted Royal Charters, establishing the title “Chartered Accountant.”
However, the roots of the profession go back much further. Early forms of accounting existed in ancient civilizations, and double-entry bookkeeping, a fundamental concept in modern accounting, was developed in Italy during the Renaissance.
In the UK, the Industrial Revolution led to a surge in business activity and a growing need for skilled accountants. This demand spurred the formation of various accounting bodies in England and Wales, including the Institute of Chartered Accountants in England and Wales (ICAEW) in 1880.
The ICAEW, along with the Scottish and Irish accounting bodies, played a crucial role in establishing the high standards and ethical principles that have come to define the Chartered Accountant designation. Today, Chartered Accountants are recognized globally for their expertise in finance, business, and taxation.