Chartered Accountancy (CA) is fast becoming a highly preferred career option in the field of finance especially as cost of completing the program is much less compared to other professional programs. Moreover, it offers excellent job opportunities in the field of accounting, corporate finance, auditing, taxation, corporate governance, business laws and investment banking. The Institute of Chartered Accountants of India (ICAI), New Delhi, regulates the Chartered Accountancy course and profession in India.
Over the years, the Chartered Accountancy profession has achieved rapid growth by virtue of quality professional services rendered by its members, and has come to occupy a prominent role in our economy and society. As against a meager membership of 1,700 in 1949, today the membership of the Institute is around 1,65,000.
Increasing responsibilities are being placed by the government and the society on the members of the profession, and their specialized knowledge and skills are being utilized in various fields of activities. Statutory recognition is given to the role of the members of the profession and their audit / certification is insisted upon for various purposes in different statutes.
The Institute is playing a prominent role in the international accounting bodies by virtue of its membership and active involvement in the activities of the International Federation of Accountants (IFAC), International Accounting Standards Board (IASB), Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).