Chartered accountant (India)
Professional designation / From Wikipedia, the free encyclopedia
In India, a chartered accountant is a qualified accountant of the Institute of Chartered Accountants of India. They are required to have sound knowledge of accounting, auditing, costing and various aspects of direct and indirect taxation.[1]
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A chartered accountant can perform tasks prescribed by the Institute to ensure proper accounting, auditing and taxation controls are followed by organisations in the running of their business and operations.
The Institute of Chartered Accountants of India was formed as a body of registered accountants in 1949.[2]
To become eligible, the candidate must pass an examination conducted by the Institute and complete required theory course and practical training. The course is difficult to clear, requiring rigorous preparation, with a small number of students succeeding.