Preview

The Chartered Accountant

Satisfactory Essays
Open Document
Open Document
511 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Chartered Accountant
Chartered Accountancy (CPT / PCC / Final)

Chartered Accountancy as a profession is attracting a lot of young and witnessing a rapid growth, thanks to the growing corporate sector globally. Chartered Accountants usually occupy high and respectable posts in an organization. They are the ones responsible for handling accounts and finance related matters, deal with money management.

Chartered Accountancy is also a dynamic, challenging and rewarding profession. Chartered Accountancy Course is a professional course in Accounting introduced in our country in 1949, with the enactment of the Chartered Accountants Act. The Institute of Chartered Accountants of India (ICAI) was formed the same year. This Institute is both an examining and a licensing body. It is the responsibility of the institute to conduct the Chartered Accountancy (CA) Course.

Chartered accountants are the one who are specialized in accounting, auditing and taxation. They also serve as a management and corporate caretaker. In recent times, accountancy has become popular as a profession. The services of a Chartered accountant are required in money matters even in a small business. Moreover according to the Company Act only CA's in professional practice are allowed to be appointed as auditors of companies in India. Chartered Accountants are the one who are accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the Final examination of the Chartered accountancy course conducted by the institute.

CA Program currently has three sections, Common Proficiency Test (CPT) that was earlier known as Professional Education exam (PE1), Professional Competence Course (PCC or PCE) and Final examination.

Admission & Exam:

Registration is open throughout the year .Batches begins in January and July for June & December exams respectively.

Course Details:
Stages

Eligibility

Papers

Exams

CPT

10 + 2 any

You May Also Find These Documents Helpful

  • Good Essays

    There are many problems with not reporting all the worked hours. Not only are you taking money from your firm, you are going to make it harder on yourself and your colleagues. Not knowing the true amount of hours worked, will lead managers to budge less time and that will put even more pressure on the audit team. With more pressure added to an audit that has its own pressure to begin with, can cause the auditors to make mistakes and not have a successful complete audit.…

    • 588 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Cpa Research Paper

    • 441 Words
    • 2 Pages

    Due to changing laws and regulations and an increase in the complexity of accounting the demand for CPAs continues to increase. CPAs have a wide range of career options in public accounting or corporate accounting. CPAs can move into executive positions such as controllers, chief financial officers and chief executive officers. CPAs are known for their role…

    • 441 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    ACCG 315 reflaction 2

    • 673 Words
    • 2 Pages

    According to industry partner’s presentation, that accountant has variety roles in the verification field. The auditor should ensure financial statements are not materially misstated and be able to giving a true and fair view. The auditor should demonstrate professional scepticism---being able to form an opinion. The auditor opinion is intended to provide reasonable assurance for financial statement and adding the value and credibility of the financial statement produced by management. Consequently increase the user confidence in rely on the financial statement and reduce investor’s risk. Accountant work in a professional firm as an auditor should Mitigating risk and acting as a third line of defence for clients. Using their knowledge of management accounting to help the client in controlling and minimising the risk of business, ensuring the operation of finance are in a right track. There are much more requirement for accountant working in auditing fields such as being compliance with regulatory standards, working in a collaborative team, be able to build a relationship with the client and other internal people.…

    • 673 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The American Institute of Certified Public Accountants (AICPA) was founded in 1887, the AICPA represents the AICPA represents all Certified Public Accounts (CPA) nationally regarding rules and regulations and also serves as advocate to public interest groups and other professional organizations. The AICPA develops standards regulations, educates its members on various directions, monitors and enforces compliance and ethical standards.…

    • 498 Words
    • 2 Pages
    Powerful Essays
  • Good Essays

    The American Institute of Certified Public Accountants (AICPA) is an organization that provides voluntary membership to more than 350,000 certified public accountants (CPAs) from 128 countries. With so many CPAs belonging to the association, the code of professional conduct is typically used to discuss the ethical obligations of the CPAs. The principles of the code of professional conduct are responsibility, public interest, objectivity and independence, due care, and scope and nature of services. The three most important purposes are integrity, public interest, and due care.…

    • 479 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The AICPA is the world’s largest association to signify accountants. Founded in 1887 the AICPA is formed out of 350,000 members in 128 different countries. Upon the establishment of the ACIPA, its creation of accountancy as a profession well-known for educational requirements, high professional standers and a strict code of professional ethics. The AICPA is considered to be the foundation of ethical reasoning in accounting because it covers everything from independence to due diligence. The Code of Conduct is basically, a guideline for every CPA and accountant to follow in there career. There are several purposes to the Code of Professional Conduct but three purposes I feel are the most important. I believe after reading the AICPA Code of Professional Conduct the three most important purposes are to protect the investor, to protect the creditor and to protect the employee.…

    • 387 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Standard Issues: Aicpa

    • 981 Words
    • 4 Pages

    The American Institute of Certified Public Accountants has created a code of professional conduct that all certified public accountants must follow. This code of conduct lists the responsibilities CPAs have when working with a company 's financial information. The AICPA also includes information regarding the integrity, objectivity, independence and due care that CPAs must use when working in the accounting industry. The AICPA offers an ethics course for accountants to refresh their understanding of accounting ethics.…

    • 981 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct was created to help individuals in the accounting profession, to perform their job while using ethical standards and integrity. The purpose of the AICPA is to provide principles and rules that govern the services provided by accountants (AICPA, 2012). The codes principles and rules protect both the public and the accounting members.…

    • 631 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Sls1105-12 Week12 Final

    • 675 Words
    • 3 Pages

    Employment in corporations offers a dynamic work environment and excellent career prospects. Businesses have their own accounts department where accountants are employed to prepare financial statements, work on major business transactions, prepare tax returns and track costs among others.…

    • 675 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The purpose of the AICPA code of Professional Conduct is for the accounting profession to uphold values and standards of behavior in the community (Mintz & Morris, 2011). The code holds CPA’s responsible to the public, by the way, they serve the public through its clients and employers interests (Mintz & Morris, 2011). One considers the AICPA the foundation of ethical reasoning in accounting because one must uphold professional responsibility and gain trust from the public (Mintz & Morris, 2011). The AICPA code holds CPA’s to a standard of honesty a form of integrity that the CPA will not have a personal gain from the service they are providing (Mintz & Morris, 2011). The AICPA principles include responsibility, public interest, integrity, objectivity and independence, due care, and scope and nature of services (Mintz & Morris, 2011). The principles enable CPAs to fill the obligations to the public (Mintz & Morris, 2011). The code protects the public through the due care standard by CPA’s continuing education for a better quality of service, and whether the CPA has a conflict of interest in the case of an audit (Mintz & Morris, 2011).…

    • 435 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Icas Class Notes

    • 4869 Words
    • 20 Pages

    What is ICAS? The Internal Control and Accounting Systems (ICAS) unit requires students to write a 3500-4000 word report to show their knowledge of internal controls within a business and evaluating accounting systems. This unit is your opportunity to showcase the skills and knowledge you have acquired through your examinable units of the AAT. You will be required to identify areas of weakness that could lead to errors in the accounts, and to assess the potential for fraud to occur. You will have to describe recommendations to address these issues and detail their costs and benefits. Your report will have section and paragraph numbers that you will use to complete a mapping document, showing how your report covers the AAT requirements. You should also provide a letter (witness testimony) to confirm that your report is all your own work. If required you may also have some verbal questioning in a final interview to confirm authenticity. ICAS is a compulsory unit and key to obtaining the level 4 qualification for AAT. Your report should be written with a good standard of business English and must be word processed to show professional presentation.…

    • 4869 Words
    • 20 Pages
    Powerful Essays
  • Satisfactory Essays

    accountant

    • 1968 Words
    • 8 Pages

    Working overtime or extra hours will not be a problem for me, because I used to work 10 hours per day and to work overtime to finish some special tasks in my previous job. Sometimes, I spent my personal time on resolving some potential risks and problems that I found.…

    • 1968 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The AICPA, or the American Institute of CPAs, represents the accounting professionals in several countries. Like any other profession, there are some grey areas that without guidelines could create a mess. The AICPA has developed a code of professional conduct which serves three main purposes: define responsibility of accounting professionals, educate the public to protect the accounting professional, and educate the public to protect the public.…

    • 431 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Dot Com Crash

    • 725 Words
    • 3 Pages

    Accountants: Provides audit and assurance services on companies’ financial statement to satisfy the regulatory requirement.…

    • 725 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The profession today called accountancy and the professionals today called accountants have been in practice by other names since 4000 BC (Giroux, 1999). As long as commerce of any kind in any form exists, the profession and the professionals will continue to be in the midst of the business world quietly making innovations that change the way the amassing of wealth is recorded.…

    • 697 Words
    • 3 Pages
    Good Essays

Related Topics