Chartered Accountants of India
A Chartered Accountant holds prestige in the society and earns handsomely. The role of a Chartered Accountants is moving away from the traditional activities of audit and tax management to becoming consultants and advisors in the true sense. After acquiring the membership one can either choose to do public practice or join any organization at the public sector or private sector. Quite a few career options open up. Chartered Accountants are compulsory to assess the risks of the companies and can help them in designing control system to counter those risks. They could provide new assurance and execution measurement services. They can take care of change management at the ownership, structural and operational levels. They can be the key advisors for stakeholder value making and strategic management. They can provide help in financial administration, financial regulation and matters related to insolvency and corporate recovery. They can become management consultants, mercantile bankers and privet equity investment advisors.
The Chartered Accountancy course as structured by the Institute of Chartered Accountants of India is a good blend of theoretical education and practical training. Syllabus is revised and updated to keep pace with the firmly changing needs of the local and global economic environments. The CA programme has three sections, Competency Professional Test (CPT), Integrated Professional Competence Course (IPCC) and the Final examination. Examinations are held double a year in May and November and it is necessary that a student must register at least ten months before the examinations. After passing the Group I of the IPCC examination, candidates are eligible for registration as articled clerks/audit clerks for practical training.
The Institute of Chartered Accountants of India believes that there is a growing requirement of CA professionals in the country and it has a tough time keeping pace with the demand. The real point is therefore not whether or not you should do an MBA or a CA, but that you better know why you should do so. As in every profession, the most important thing is what you do with the degree you acquire.
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We are just past that time of the year when taxpayers scramble to catch hold of a chartered accountant (CA) who can go the maths and save them time and money. But that is not the only task these “complete business solutions providers” do.
Chartered Accountancy is totally getting ready accounting, auditing and taxation. A chartered accountant is trained in diverse aspects of finance and accounting. Chartered Accountant helps corporations and people in tax planning and compliance.
The Chartered Accountants are entrusted with substantial responsibility under various legislation such as compulsory audit of the all companies, banks, stock brokers, big income-tax assesses, large bank borrowers, etc. This shows the confidence and trust reposed by the Government and society in the profession. Chartered Accountancy is a profession which comes in the top options in India because of the huge growing demand and practical exposure it needs.
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