Chartered Accountancy(CA) India

Chartered Accountancy India

With booming economy and a high rate of industrial growth financial careers are grabbing the limelight. Pursuing a dynamic and demanding career through Chartered accountancy seems to be a rewarding experience. Accountancy Association formed in various countries standardizes the extent of quality professionals accepted. The ICAI (Institute of Chartered Accountants of India) was formed in 1949.

The Institute holds a dual responsibility of both examining and licensing. The chartered accountancy course conducted by the institute unifies theoretical and practical training instilling skills and knowledge in students for a period of three years. Expert inference on various financial procedures such as auditing, accounting and taxation is the responsibility of a chartered accountant.

Rules stipulate the companies to appoint Chartered accountants as auditors of companies in India. The comprehensive CA programme comprises of three years including training period. The programme consists of three sections:

1: Competency Professional test
2: Professional Competency Examination
3: Final Examination

The registrations for the first two sections are held throughout the year with the exams being conducted on May and November. Once the candidate has passed PCE, he’ll be eligible for practical training as an Audit clerk. The training imbibes the necessary experience of the working environment by knowing the basics of taxation and auditing.

Chartered Accountancy is considered as a lucrative career in a developing nation like India due to the continuous growth in economy and Infrastructure.