Certified Public Accountant Day — July 6th

What Is Certified Public Accountant Day?

July 6th is celebrated as "Certified Public Accountant Day," commemorating the promulgation of the "Certified Public Accountants Act" on July 6, 1948 (Showa 23).

The Historical Background of the CPA System

In fact, after World War II, Japan established its CPA system based on the American model, in order to ensure transparency in business activities and the reliability of financial information.

• Date of promulgation: July 6, 1948 (Showa 23)
• Law name: Certified Public Accountants Act
• Purpose: To audit company financial statements and ensure their reliability

Fun Facts About Certified Public Accountants

• Main duties: The core role is "auditing" — checking whether a company's financial statements have been properly prepared.
• Difficulty of the qualification: The CPA exam is known as one of the most difficult national qualifications in Japan, on par with those for tax accountants and lawyers.
• Where CPAs work: Beyond auditing firms, CPAs are active in corporate accounting and finance departments and in the consulting industry.

Something to Think About on This Day

July 6th is a chance to learn how companies' financial information is checked and how that supports trust in society. The next time you see earnings reports in the news, try looking at them from a slightly different angle.