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2006-07-24 03:16:00 · 4 answers · asked by rsampathrajan 1 in Education & Reference Other - Education

CHARTERED ACCOUNTANT

2006-07-24 03:23:04 · update #1

4 answers

In recent times, all over the world, accountancy has grown in popularity as a lucrative profession. Wherever there are makers and users of money, (however, small their individual business may be), the services of a CA are required. Moreover, under the Companies Act, only CAs in professional practice are entitled to be appointed as auditors of companies in India.

A chartered accountant is a person who is accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the final examination for the chartered accountancy course conducted by the institute.

A candidate who desires to become a member of the Institute of Chartered Accountants of India (ICAI) and thereby a practicing chartered accountant must:
(a) Clear the intermediate and final examination of the institute.
(b) Register as an articled or audit clerk with a practicing chartered accountant.
(c) Register with the board of studies of the institute.

In order to be eligible for appearing in the intermediate and final exams of the institute, the aspirant must have successfully completed and passed the foundation course. Most chartered accountants are commerce graduates, which provides them with a b back up before they embark on such an important nay-tough course. Registration to the foundation course of one-year duration is open to those who have completed 10+2.
The foundation course can also be taken up simultaneously with graduate or postgraduate studies. Commerce graduates with 50% marks, non-commerce graduates without maths, with 55% marks and non-commerce graduates with maths and an aggregate of 60% marks are exempted from the foundation exam and are permitted to register as articled clerks for practical training.

The training for CAs is a highly elaborate procedure. Aspiring chartered accountants should pass the intermediate exam within ten years of the commencement of their practical training.

During the training period candidates would be required to work in different areas learning the basics of auditing and taxation. This enables them to learn the technical details of the job as well as to get an idea of the working environment of the profession. During this period the articled clerk will also need to continue studies for the CA exam. As the professional training for chartered accountancy is training-on-the-job, an articled clerk is entitled to receive a minimum monthly stipend.

After successful completion of the final exam, the aspiring CA can apply for membership of the ICAI. All members are deemed Associate members of the institute. Associate members who have been in practice for a minimum of 5 years and possess the experience prescribed by the council for this purpose are entitled to apply for Fellowship.

Chartered Accountants are sometimes appointed as executors under a will or trust in order to carry out the administration of an estate or settlements. On such assignments, they are often required to work in co-operation with solicitors and lawyers.

CAs also perform functions under special positions such as directorships of companies, arbitrators for settling disputes, handling work related to insolvency, bankruptcy, etc. They are free to go in either for professional practice or to be employed by the industry sector (private companies, public sector undertakings, etc.)

The CA course is conducted through lectures and postal tuitions by the Institute of Chartered Accountants of India (ICAI), head-quartered in New Delhi.

The ICAI has five regional offices at Mumbai, Calcutta, Chennai, Kanpur, and New Delhi, with 81 branches to these regional centres.

2006-07-31 23:36:54 · answer #1 · answered by PK LAMBA 6 · 0 0

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2006-07-24 10:19:36 · answer #2 · answered by Big Momma Carnivore 5 · 0 0

get information from ICFAI or ICWAI branch..
there r 2 types of CA
1. after 10+2 , 5 YEARS INTEGRATED CA
2. after undergraduate course, 2 year CA
good luck

2006-07-31 01:12:05 · answer #3 · answered by kris k 2 · 0 0

More information please? What is C.A.? How do you mean "apply"?

2006-07-24 10:19:07 · answer #4 · answered by Marvinator 7 · 0 0

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