Chartered accountants or CAs are professional accountants working in the fields of business, finance, auditing, taxation, financial and general management. Some are engaged in public practice work while others work in the private sector.
In India, Chartered Accountants are regulated by the Institute of Chartered Accountants of India (ICAI). It is a professional body established by an Act of Parliament for regulating the profession of Chartered Accountancy in the country. ICAI is recognised as a premier accounting body not only in the country but also globally
Chartered accountants' institutes require members to undertake a minimum level of examinations to be certified as CAs. Associate members of the ICAI are entitled to add the prefix CA to their names. Members who are in full-time practice, and have completed five years of practice, can use FCA.
Entry to the profession is by taking the CA Foundation Course after schooling (12th grade). Graduates may also undertake the profession by getting trained as an articled assistant for three years in a chartered firm before taking the Intermediate and then final exam.
CA examinations are a four stage procedure mentioned as follows:
Post all the examinations, when you successfully enroll yourself as a professional chartered accountant, you are all set and will be bestowed with the title of a “Chartered Accountant”.