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the important roles and responsibilities of a chartered accountant

you may consider a chartered accountant to be the one person you rely on at that time of the year & ndash when it' s time to file taxes. however you can safely brush off this preconceived notion as a ca in meerut do way more than just filing income tax returns. and don' t think of them as mere number crunchers. see them as a consultant providing valuable insight with an aim to influence the day-to-day operations as well as long-term strategic decisions of any entity.

how the profession of chartered accountancy came to be

in the early times businesses were usually small and managed by the owner himself. the owner used to play the role of the financier operator seller and purchaser all by himself. but as the business grew the need arose for keeping a tab on the financial aspects of the business. businesses began to branch out and soon banks got involved in lending loans. subsequently the tax authorities and the government too got involved. as things got more and more complex the involvement of a professional who could handle the financial efficiency of a business or organisation became the need of the hour. in meerut ca profession is considered as a prestigious one.

ca meerut

any aspirant wanting to become a qualified ca ought to complete the chartered accountancy course. the chartered accountant course membership examination and training is regulated by the body known as the institute of chartered accountants in india (icai). the course has three levels and as a part of the qualifying aspect aspirants need to complete at least three years of practical training. this tough-to-crack examination is held every year across the country. divided into foundation course and intermediate course the course covers an array of subjects such as business law corporate laws cost and management accounting auditing and assurance financial reporting and global financial reporting standards. once you qualify as a ca in meerut you have the qualification and designation to file a business' tax return audit financial statements and business practices and offer advisory services to clients.

the recent phenomenon of the rapid growth and ascension of the accountancy profession and the vast changes occurring in the indian economic landscape has placed a great amount of responsibility on the shoulders of every chartered accountant. as the country is progressing towards becoming a business and economic powerhouse various financial and economic reforms are opening new avenues and opportunities for chartered accountants. it is the time for these professionals to infuse their knowledge and skill in their specialized fields. the roles and functions of a ca meerut are varied and quite significant.