Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants (formed 1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception. The title is an internationally recognized professional designation.
Chartered Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.
Chartered Accountancy is a challenging profession that offers practice or job opportunities in the areas of accounting, auditing, corporate finance, project evaluation, company and other business laws, taxation and corporate governance. The Chartered Accountancy Course and Profession in India is regulated by The Institute of Chartered Accountants of India (ICAI), New Delhi. The CA Course offered by ICAI is ranked at No. 2 worldwide. CA Course contains of 3 Levels
1. Common Proficiency Test (CPT)
2. Integrated Professional Competence Course (IPCC)
3. C. A. Final
Register for CPT: Register with the Institute of Chartered Accountants of India (ICAI) for Common Proficiency Test (CPT) after passing class 10th examination
CPT exam Appear and Pass: Appear for CPT examination after appearing in 10+2 examination and after completion of period of at least 60 days from the date of registration for CPT with the Board of Studies as on the first day of the month in which examination is to be held, students registered on or before 1st April/1st October will be eligible to appear in June/December examination.
IPCC Registration: Register for Integrated Professional Competence Course (IPCC). Candidate should pass both CPT and 10+2 before registering for Integrated Professional Competence Course (IPCC). Registration for IPCC should be done 9 months before the first day of the month in which exam is held. IPCC has total 7 papers. Group I is composed of four papers and Group II is composed of three papers. Passing Group I is necessary for Articleship.
ITT and Orientation: Ii is 35 hours Orientation Course of one week spanning and covering topics, such as, personality development, communication skills, office procedure, business environment, general commercial knowledge. It is 100 hours training of Information Technology (ITT). Orientation and ITT are to be completed before registering for Articleship.
IPCC Group I Exam: Appear and pass Group I or Both Groups of Integrated Professional Competence Examination (IPCC).
Register for Articleship: Register as Articled Assistant for a period of 3 years with Practicing Chartered Accountant, on passing either Group I or both the Groups of IPCC.
IPCC Group II Exam: Pass Group II of IPCE during Articleship if not passed earlier.
CA Final Course: Register for CA Final Course on passing both groups of IPCC.
CA Final Exam: Appear in CA Final Examination during last 6 months of 3 years of articled training. Pass Group I as well as Group II of CA Final Examination.
Complete Articleship: Complete 3 years period of articled training.
GMCS:Successfully complete the Course on General Management and Communication Skills (15 days).
Membership: Enroll as a member of ICAI and designate as "Chartered Accountant".
