CA

Chartered Accountants CA is a professional qualification and CAs are regulated by the Institute of Chartered Accountants of India (ICAI). Chartered Accountants offer financial advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes. CA are employed by business enterprises, consulting firms and they can also works as independent consultant. CA is not an educational degree offered by University or educational institute. Therefore, for its membership it is not governed by Government of India reservation policy for its membership. If ICAI have reservations for its professional membership then it will not legal as per constitution also it may compromise its professional carter, ethics and code of conduct. Its membership is open for SC, ST, OBC candidates and they can compete and get CA designation based on their merit. ICAI membership and award of CA and FCA is based on meritocracy.

Pass rate of CA examination is traditionally very low. Students who enrol for CA after 10+2 face lots of challenges in case they are unable to complete CA curriculum. Therefore in order to mitigate risk of lack of career in the event of CA examination failure, it is a good mitigation option to have additional educational qualification for alternate career. Bachelor of Commerce with Major in Accountancy and Finance from IGNOU is designed and developed in collaboration with The Board of Studies, The Institute of Chartered Accountants of India, exclusively for the Chartered Accountancy students. The main objective of this programme is to develop skills and competencies of the students in the field of Accountancy and finance. Thank you.

The opinion that CA must evaluate working as an independent consultant for following reasons: (a) Potential to earn is very high as an independent consultant. (b) External consulting means you will be able to avoid all the politics drive people crazy in organisations. (c) You will be seen as an expert in your area of expertise. (d) Having own consulting practice means more flexibility in working hours and time. (e) CA consulting is a respected profession. (f) Opportunities to constantly upgrade knowledge. (g) You can make difference in your client's organisations and business by your expertise. (h) You can do things of your own. (j) Opportunities to travel.

You will find a common answer to this question that CA is one of the most difficult professional qualifications in India, because the passing rate of CA examination is traditionally very low. There are multiple aspirants, who leave CA mid-way, because of high rate of failure in CA examination. Therefore, we can say that clearing CA examination is tough. Indian financial rules and regulations, in term of financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency are constantly changing due to Government policies which leads to frequent changes in accounting systems and processes. Therefore, in order to professionally survive a CA has to constantly upgrade his knowledge and skills to meet customers expectation.

(a) A candidate is eligible for enrolment to Accounting Technician Course (ATC) on passing the Common Proficiency Test and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto. B.A. Candidate who has already passed Entrance Examination or Foundation Examination or Professional Education (Examination-I) shall be eligible for enrolment to Accounting Technician Course subject to complying with relevant conditions. CA candidate who was already registered for erstwhile Intermediate/ Professional Education (Course-II)/ Intermediate (Professional Competence) Course shall be eligible for enrolment to Accounting Technician Course subject to complying with relevant conditions. Students who have registered for the Intermediate (IPC) course without the option of ATC can also opt Accounting Technician Course subsequently.