Chartered Accountants - Multitasking Specialists

Chartered Accountants - Multitasking Specialists

In 1854, Chartered Accountants were the first accountants to form a professional body in Britain. The Edinburgh Society of Accountants, the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter from the beginning. The title is an internationally recognized professional designation.

Chartered Accountants work in different streams of business and finance. Some of them are engaged in public practice work, some are employed by government bodies while others work in the private sector.

The members of the Chartered Accountants Institutes have to undertake a minimum level of continuing professional development to stay ahead of the competition. Chartered Accountants Institutes provide support to members by offering advisory services, technical helplines and technical libraries. They also offer opportunities for professional networking and business development.

Becoming a Chartered Accountant is not an easy task. They need to pass three qualifying examinations, and should have 30 months of practical experience, before they get their Chartered Accountant designation. Chartered Accountants have the in-depth knowledge to help you and your business.

Chartered Accountants must abide by the standards of the profession. They need to act ethically, maintain client confidentiality, and avoid situations involving a conflict of interest.

Some of them are tax experts having profound knowledge and expertise in the area of taxation. In Canada, The Canadian Institute of Chartered Accountants (CICA) has the most thorough and most comprehensive tax training program know as the Canadian In Depth Tax Course. Chartered Accountants who have completed the CICA In Depth Tax Course and have practiced tax for many years, eventually become tax experts.

Chartered Accountants provide a wide range of services including:

Business valuations

Business planning and financial projections

Developing strategies for securing financing

Corporate and personal income tax planning

Assurance (audits and reviews)

Preparation and analysis of financial information

Management consulting

Forensic accounting and litigation support

Chartered Accountants are the most demanded professionals in any industry. Auditing, accounting, corporate finance, business laws, project evaluation, corporate governance are some of the best career options in the market. Income tax, service tax, and indirect taxes are the other domains in which the charted accountants are the most in demand.

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