Benefits of being a Chartered Accountant

A Chartered Accountant is a Professional who is trained in and possesses the expertise to perform the various types of work such as Accounting, Taxation, Auditing, Financial Management, Project Appraisal, MIS, IT, Computer Auditing, Consultancy  etc.  In certain areas, like audit, they have  the monopoly.

The practicing Chartered Accountants mainly carry out audit, inter alia, of financial statements of various enterprises/organizations as Public Accountants under the banners of approved Chartered Accountant Firms.

Chartered Accountants engaged in public practice mainly carry out the following functions:

## Perform professional services involving auditing or verification of financial transactions, books, accounts or records, or preparation, verification or certification of financial, accounting and related statements;

## Render professional services or assistance in or about matters of principles or details relating to accounting procedures, costing techniques, or recording, presentation or certification of financial facts or data;

## Render professional services or assistance as Management Consultant in or about matters of accounting methods, systems and techniques involving forecasting, in order to assist management in its task of formulating policies, programmes, management systems and procedures for maintaining and improving efficiency. Management Consultancy services encompass, inter alia, the following areas:

## Valuation of business and shares

## Designing of accounting, internal control and operational systems for organization. Rendering of services like maintaining computerized financial accounts of companies, business process re-engineering, management selection and recruitment, disinvestment of government enterprises, etc.