What is Chartered Accountancy?

ICAICA (2006)BIAbout CA - Chartered Accountancy Profession/Course • What is Chartered Accountancy?

Chartered Accountancy is a term used to mean a profession as well as the course (field of study).

Chartered Accountancy - a Profession

Lawyers are engaged in the legal profession, doctors in the medical profession. Similarly chartered accountants are engaged in the chartered accountancy profession.

Accounting, Auditing (verification of accounts), Taxation are the core areas dealt with by chartered accountants. They area also capable of expert level services in the areas of General Management, Personnel Management, Financial Management, Operations Management, Human Resources Management.

Chartered Accountancy - a course

Law is a course that candidates pursue to become lawyers. Medicine is a course that aspirants to the medical profession pursue. Similarly, prospective chartered accountants pursue the chartered accountancy course.

The Chartered Accountancy course is designed and conducted by the body that regulates the profession. The course generally consists of a mix of theoretical study and practical training.