What is a Chartered Accountant?

A Chartered Accountant (CA) is a professional accountant who has obtained a certification from a professional body, such as the Institute of Chartered Accountants of India (ICAI) ¹ ².

Key Responsibilities of a Chartered Accountant:

– Auditing: Chartered Accountants perform annual financial audits and assess companies’ financial risks ¹ ².
– Financial Planning: They offer advice in financial planning, budgeting and treasury and tax-related advises ¹ ².
– Financial Statements: They prepare financial statements and perform financial planning and forecasting ¹ ².
– Taxation: They provide taxation advice and represent assessees before the Income-Tax authorities ¹ ².
– Costing: They ascertain the costs of production and of processes at different levels of operations in the manufacture of a product and in the rendering of a service ¹.
– Company Work: They undertake company work, including the formation, financial structure and liquidation of limited companies ¹.
– Investigations: They carry out investigations to ascertain the financial position of businesses ¹.
– Management Consulting: They render management consulting services, including formulation of policies, day-to-day control, performance evaluation, etc.

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