What is the Value / importance of CA?

Basic Theme:

''It was well said by Dr. APJ Abdul Kalam that Chartered Accountants are partners in the nation building''
Chartered Accountancy is a rewarding career in various fields of business and finance, including financial reporting, audit, taxation, financial and general management. Chartered Accountants are largely engaged in public practice and private sector. They are also extremely successful entrepreneurs. To become a Chartered Accountant, one needs to be motivated, possess analytical skills, numerical ability and intense cognizance of the world of business and finance. More specifically, it requires study of accountancy, auditing, taxation, corporate laws, corporate finance, economics and management and information systems.

Importance:


  • Importance of CA, Value of CA Chartered AccountancyChartered Accountants are recognized as the only professionals to be appointed as Auditor of limited companies with large capital base. (Companies Ordinance, 1984)
  • The Chartered Accountancy is one of the required qualifications to be eligible to be appointed as Chief Financial Officer (CFO), Head of Internal Audit and Company Secretary. (Code of Corporate Governance applicable on listed companies)
  • About 25% of the chartered accountants are working in more than 40 countries globally at respectable management positions.

A famous business entrepreneur Ratan Tata has made a statement that “ I need MBAs for running my business but Chartered Accountants to teach the MBAs how to run  the business.”

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