diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5b69042b3f3..0c02e65b614 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -106,6 +106,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (channel) [\#644](https://github.com/cosmos/ibc-go/pull/644) Adds `GetChannelConnection` to the ChannelKeeper. This function returns the connectionID and connection state associated with a channel. 
 * (channel) [\647](https://github.com/cosmos/ibc-go/pull/647) Reorganizes channel handshake handling to set channel state after IBC application callbacks. 
 * (client) [\#724](https://github.com/cosmos/ibc-go/pull/724) `IsRevisionFormat` and `IsClientIDFormat` have been updated to disallow newlines before the dash used to separate the chainID and revision number, and the client type and client sequence. 
+* (interchain-accounts) [\#1466](https://github.com/cosmos/ibc-go/pull/1466) Emit event when there is an acknowledgement during `OnRecvPacket`.
 
 ### Features
 
diff --git a/modules/apps/27-interchain-accounts/host/ibc_module.go b/modules/apps/27-interchain-accounts/host/ibc_module.go
index fb403c71937..d750ea0a211 100644
--- a/modules/apps/27-interchain-accounts/host/ibc_module.go
+++ b/modules/apps/27-interchain-accounts/host/ibc_module.go
@@ -110,15 +110,16 @@ func (im IBCModule) OnRecvPacket(
 	}
 
 	txResponse, err := im.keeper.OnRecvPacket(ctx, packet)
+	ack := channeltypes.NewResultAcknowledgement(txResponse)
 	if err != nil {
-		// Emit an event including the error msg
-		keeper.EmitWriteErrorAcknowledgementEvent(ctx, packet, err)
-
-		return types.NewErrorAcknowledgement(err)
+		ack = types.NewErrorAcknowledgement(err)
 	}
 
+	// Emit an event indicating a successful or failed acknowledgement.
+	keeper.EmitAcknowledgementEvent(ctx, packet, ack, err)
+
 	// NOTE: acknowledgement will be written synchronously during IBC handler execution.
-	return channeltypes.NewResultAcknowledgement(txResponse)
+	return ack
 }
 
 // OnAcknowledgementPacket implements the IBCModule interface
diff --git a/modules/apps/27-interchain-accounts/host/keeper/events.go b/modules/apps/27-interchain-accounts/host/keeper/events.go
index 5926781d5c2..81cdef73d10 100644
--- a/modules/apps/27-interchain-accounts/host/keeper/events.go
+++ b/modules/apps/27-interchain-accounts/host/keeper/events.go
@@ -1,20 +1,29 @@
 package keeper
 
 import (
+	"fmt"
+
 	sdk "github.com/cosmos/cosmos-sdk/types"
-	
-	"github.com/cosmos/ibc-go/v3/modules/core/exported"
+
 	icatypes "github.com/cosmos/ibc-go/v3/modules/apps/27-interchain-accounts/types"
+	"github.com/cosmos/ibc-go/v3/modules/core/exported"
 )
 
-// EmitWriteErrorAcknowledgementEvent emits an event signalling an error acknowledgement and including the error details
-func EmitWriteErrorAcknowledgementEvent(ctx sdk.Context, packet exported.PacketI, err error) {
+// EmitAcknowledgementEvent emits an event signalling a successful or failed acknowledgement and including the error
+// details if any.
+func EmitAcknowledgementEvent(ctx sdk.Context, packet exported.PacketI, ack exported.Acknowledgement, err error) {
+	var errorMsg string
+	if err != nil {
+		errorMsg = err.Error()
+	}
+
 	ctx.EventManager().EmitEvent(
 		sdk.NewEvent(
 			icatypes.EventTypePacket,
 			sdk.NewAttribute(sdk.AttributeKeyModule, icatypes.ModuleName),
-			sdk.NewAttribute(icatypes.AttributeKeyAckError, err.Error()),
+			sdk.NewAttribute(icatypes.AttributeKeyAckError, errorMsg),
 			sdk.NewAttribute(icatypes.AttributeKeyHostChannelID, packet.GetDestChannel()),
+			sdk.NewAttribute(icatypes.AttributeKeyAckSuccess, fmt.Sprintf("%t", ack.Success())),
 		),
 	)
 }
diff --git a/modules/apps/27-interchain-accounts/types/events.go b/modules/apps/27-interchain-accounts/types/events.go
index 04882a6a644..9bfd1df3049 100644
--- a/modules/apps/27-interchain-accounts/types/events.go
+++ b/modules/apps/27-interchain-accounts/types/events.go
@@ -6,4 +6,5 @@ const (
 
 	AttributeKeyAckError      = "error"
 	AttributeKeyHostChannelID = "host_channel_id"
+	AttributeKeyAckSuccess    = "success"
 )