Chartered Accountancy, chartered accountant, Chartered management accountant, The Institute of Chartered Accountants of India , chartered accountants of india, Auditing, Investigation and Inspections, Consulting, Taxation , Cost Accountancy and Cost Audit

Indian Education and Job Industry >> Job Opportunities >> Chartered Accountancy

RSS Feed

Chartered Accountancy

Chartered Accountancy course offered by the statutory body- The Institute of Chartered Accountants of India is perhaps one of the most sought after and challenging career for people who want to carve out a niche for themselves in the exciting field of finance, accountancy and number crunching. The course has, since decades, attracted the best talent and some of the best and top notch professionals in the area of finance have been trained and groomed in the profession. Because of the expertise developed in the field of accountancy and taxation, chartered accountants are indispensable for any organization. A person can qualify to be called a CA only if he is accepted as a member of the Institute of Chartered Accountants of India (ICAI), after passing the final examination for the chartered accountancy course conducted by the institute.

JOB PROFILE

Accounting:
The job would include writing and balancing of books of accounts, financial statements, receipts, vouchers, balance sheets and other financial statements as required by the Companies Act.

Auditing:
The purpose of audit is to satisfy the users of financial statements and authorities that the books of accounts made and presented to them are drawn up on correct accounting principles and accounting standards as laid down by the institute. As per various statutes like companies Act and other regulations, CAs perform financial, cost and tax audits. A CA can either be an internal auditor- a part of the company or he may be an external auditor where he comes to visit companies for carrying out audit.

Investigation and Inspections:
Services of CAs are extensively used by various authorities like Income Tax, Sales Tax authorities, stock exchanges etc. for carrying out investigations and inspections of companies, market intermediaries like stock brokers, depository participants and individuals to ascertain violation of any tax laws and establish tax liability, violations of stock exchange rules, depository rules and SEBI rules and regulations.

Consulting:
The intense training and education imparted to CAs also make them eligible for the exciting field of corporate law advice, Capital market advisory services, project planning and finance, management accounting and consulting, internal audit advice, financial planning and restructuring such as amalgamation, capital restructuring, absorption and take over of companies, designing instruments for tax planning and investment advice etc.

Taxation:
CAs who gave developed expertise in the field of taxation provide advisory as well as audit service in the area of direct taxes such as Income tax, Corporate Tax, Wealth Tax as well as indirect taxation like sales tax and excise and customs duty, value added tax etc. The expertise developed by professionals are also extensively used for making representations before tax authorities and appellate tribunals and they also argue on behalf of their clients before these authorities.

Cost Accountancy and Cost Audit:
CAs are also equipped to maintain cost auditing records, compiling cost information, installing cost controls and for performing cost audits. In various industry such as pharmaceuticals, textile etc., sometimes the government orders cost audit to verify the costs so as to determine the prices of drugs etc. It is here that the skills of the CAs are used.