subject: Functioning Areas Of Chartered Accountants Of India [print this page] The most entrusting and legislated persons regarding auditing is a chartered accountant. The CA holds license and thus becomes the legal person dealing with these types of assignments. Being a professional person in this field one can perform the role effective. Bearing the professional values and ethics, people rely on them.
The financial assignments related with accountancy like preparing the yearly statement of receipt and payment taking details from the accounts. This task though an accountant performs still, the CA in this concern is the better person. Making financial statement proper require expertise knowledge and this assignment not remains simple dealing with the accounts heads of a corporate house or a big company compared to statement preparation for a small club.
Auditing is another vital job for a Chartered Accountant. Auditing is not mere taking a view on the financial statements rather its a specialized task, requires to observe that proper principles are followed preparing the financial statement. An audit confirms that the figures have been calculated properly mentioned in the statement; all the principles of accountancy have been followed properly and thus the statement becomes a complete statement.
Calculating the taxable amount is completely a financial task that can be reliably handled by a chartered accountant. A few things have to be considered in this concern and most of the big firms employ the Chartered accountants of India to ensure proper calculation of taxable amount. Therefore, companies pay big amount as tax want to ensure proper assessment and thus they find the chartered accountant in this concern the suitable person dealing with this type of job.
A chartered accountant holds different kinds of authority like investing any accountant if felt can be done by him. Correcting the mistakes in accounting, investigating any account head are done by the CA. Thus, the sphere of job of a chartered accountant is not confined into only auditing but also different types of financial assignments are related with the job category of a chartered accountant.
In every leading position related with the financial matters in an agency you can find the chartered accountant. The companies can utilize the experience and knowledge of a chartered accountant preparing their financial plan for the year or quarter. Making required changes if required during implementation and finally evaluating the plan the CA becomes the appropriate person.
Thus availing a chartered accountant the commercial houses as well as banks, firms, banks take the advantages of financial gain. Employing a chartered accountant thus becomes gainful for every commercial house.
Chartered accountants are the members of ICAI. They plays responsible role in accounting jobs and thus from a small commercial house to a company with big turnover require chartered accountants. The CAs is the experienced and expertise persons to deal with the financial tasks mainly in audit and tax calculation. In the accounting field the CA can play most of the roles effectively.
The Chartered accountants of India are posted on the higher posts in most of the Government and private sector. Many Chartered accountant India are involved in private practice of the profession.
