Chartered Accountant (CA)

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest.

The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.
After clearing CA Final exams you become a member of ICAI.

Objectives

• Regulate the profession of Accountancy
• Education and Examination of Chartered Accountancy Course
• Continuing Professional Education of Members
• Conducting Post Qualification Courses
• Formulation of Accounting Standards
• Prescription of Standard Auditing Procedures
• Laying down Ethical Standards
• Monitoring Quality through Peer Review
• Ensuring Standards of performance of Members
• Exercise Disciplinary Jurisdiction
• Financial Reporting Review
• Input on Policy matters to Government

Job Opportunities

Chartered Accountants (CA) can enter into practice with firms in multiple roles; can become a consultant, entrepreneur, advisor, teacher, etc. Some job roles are:

• Internal Auditing.
• Tax Auditing.
• Taxation Advisory (Both Direct and Indirect)
• Credit Analyst
• Forensic Audit
• Financial Analyst
• Research Analyst
• Investment Advisor
• Forensic Auditing.
• Career in Accounting and Finance.
• Managing Treasury Function
• Data Analytics
• Public and Private Sector Banks
• Public Limited Companies
• Auditing Firms
• Stock Broking Firms
• Finance Companies
• Investment Houses
• Legal Firms
• Patent Firms
• International Taxation
• Mergers and Acquisition
• Statutory Audit under applicable statutes.
• Managing Treasury function