Friday, 13 September 2013

About Chartered Accountancy (CA)

Chartered Accountancy is one of the most preferred career options in the field of finance and accountancy in the country. It offers excellent job opportunities in the field of accounting, corporate finance, auditing, taxation, corporate governance, business laws and investment banking. The Institute of Chartered Accountants of India (ICAI), New Delhi, regulates the Chartered Accountancy course and profession in India.

Increasing responsibilities are being placed by the government and the society on Chartered Accountants, and their specialized knowledge and skills are being utilized in various fields. Statutory recognition is given to their audit and certification in different statutes. Chartered Accountants today have occupied top management positions in public as well as private sectors. They also render professional services as accountants and management consultants.

CA as Independent Practitioner

CAs may start professional practice as proprietors or join any existing firm as partners or staff members. A CA has been entrusted with substantial responsibility of complying with the provisions of various legislations such as compulsory audit of the accounts of all companies, banks, cooperative societies, stock brokers, big income-tax assessees, large bank borrowers, etc. A Chartered Accountant also provides compilation and review services, as and when required by organizations. While practicing as an independent professional, a CA also acts as a business advisor by providing all kinds of services including the preparation of financial reports, helping the business to secure loans, preparing financial projections showing how the loans will be repaid, and determining the viability of businesses. As tax advisors, CAs helps businesses and individuals to comply with tax laws and represent their clients before government agencies.

CA in Employment

A Chartered Accountant may choose to join an industry or even a government organization and hold an important position of great responsibility. Chartered Accountants are responsible for developing, analyzing and reporting on information needed for business decisions. They also evaluate the financial effects of the management's actions. Many Chartered Accountants hold key positions in businesses or industrial firms as CEOs, Managing Directors, Director (Finance) and Chief Accountants

To read more about the course, click here

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