Chartered Accountants in India
Introduction
Chartered Accountants are industrious and intelligent. If you possess these
qualities, you are perhaps the right person to go for it. A Chartered
Accountant is a member of a professional Accountancy Association mainly in
the Commonwealth and Ireland. All the countries have their own
Accountancy Association which regulates the quality and quantity of these
professionals. In India it is the Institute of Chartered Accountants of India
(ICAI) which does the job of regulating the profession of Charted
Accountancy. It was set up under the Chartered Accountancy Act of 1949.
Those who come out successful in PE-1, (Professional Examination) PE-2 and
Final along with completion of two and half years of practical training and a
15 days course on General Management and Communication skills are
eligible to apply for the membership of Institute of Charter Accountants of
India. A chartered Accountant holds prestige in the society and earns
handsomely.
Courses in Chartered Accountancy:
The courses in Chartered Accountancy are a blend of theoretical education
and practical training. The theoretical part includes the passing of PE-1 PE-2
and Final part. But they are also expected to go through 2 and half years of
practical training and 15 days course on General management and
Communication skills. For appearing in the examination one is supposed to
register with the Institute of Chartered Accountants of India. The minimum
study period for each level of study is 10 months. Exams are held twice a
year.
Who is a Chartered Accountant:
On successful completion of these courses one can apply for membership to
the Institute of Chartered Accountants of India
www.icai.org/icairoot/index.jsp) The Accountant becomes Chartered only
after acquiring its membership. A Chartered Accountant is a privileged one
over the ordinary ones. For example, statutory Audit under the Companies
Act, 1956 Tax Audit under the Income Tax Act can be carried out only by
Cha