Chartered Accountancy is a challenging career at the cutting edge of trade, industry and economic growth. Over the years, the Chartered Accountancy (CA) profession has achieved rapid growth by virtue of quality professional services being rendered by its members and has come to occupy a prominent role in our economy and society. Increasing responsibilities are being entrusted by the Government and the society at large on the members of the profession and their specialized knowledge & skills are being utilized in various fields.
Statutory recognition is given to the role of the members of the profession and their audit/ certification is insisted upon for various purposes in different statutes. Chartered Accountancy is a profession that imparts the best of technical skills in accounting, auditing, taxation, financial and management areas.
Chartered Accountants today, have occupied top management positions in public as well as private sectors. They also render professional and consultancy/advisory services in the areas of financial reporting and auditing, taxation, finance, and management accounting.
Rapid changes taking place in the economy have further opened up new vistas of opportunities for the Chartered Accountants. On becoming a Chartered Accountant, you have many options for pursuing challenging and rewarding career.
In the new Scheme of Education & training launched in 2023, the chartered accountant will be equipped not only with the technical competence, professional skills and professional values, but also with ethics and attitudes in order to gear up to take on new roles. The emerging CAs would be able to help industry and small businesses in understanding the nuances and the compliances under the new regime thereby facilitating ease of doing business. CAs would now be able to play a significant role in helping businesses avert risks thereby facilitating the businesses to contribute towards make in India and nation building.
The Institute undertakes educational activities through its Committees. It has two educational committees for imparting education and training to students of chartered accountancy course, viz., Board of Studies (Academic) and Students Skills Enrichment Board [Board of Studies (Operations). As a part of its responsibility to regulate the profession of Chartered Accountancy, the Institute enrolls students for the Chartered Accountancy Course, imparts theoretical education, information technology and soft skills training and monitors practical training to be undergone by them as per the requirements of the Chartered Accountants Regulations, 1988. It also holds qualifying examinations for its registered students and issues Certificate of Practice to Members intending to practice subject to stipulations, where ever applicable.
The assessment of professional skills would also progress from “knowledge & comprehension” to “analysis & application” and “evaluation & synthesis” over different levels from Foundation to Final as follows:
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