Chartered Accountant was the first accountant to form a professional accounting body, originally founded in Scotland in 1854. Edinburgh Accountants (1854), Glasgow Institute of Accountants and Accountants (1854) and the Aberdeen Society of Accountants (1867) each given the royal charter almost from their inception. The title is an internationally recognized professional designation; the name of an American certified public accountant is generally equivalent to that.
Chartered accountants work in all areas of business and finance, including auditing, taxation, financial management and general. Some engage in general practical work, others work in the private sector and some are employed by government agencies.
Leased accounting institutions require members to undertake minimum levels of continuous professional development to remain professionally competitive. They facilitate special interest groups (eg, entertainment and media, or bankruptcy and restructuring) leading in their field. They provide support to members by offering consulting services, technical assistance channels and technical libraries. They also offer opportunities for networking, career and business professional development.
Video Chartered accountant
Country
Australia
Chartered Accountants from Australia including Chartered Accountants Australia & amp; New Zealand (CA ANZ, formerly the Institute of Chartered Accountants in Australia) and using appointment letters CA . Some senior members (at least 15 years of membership) from this institute may be selected as partners and use the letter FCA . Equal legal status and recognition in Australia as qualified professional accountant is the Australian Institute of Certified Public Accountants (CPA) and CPA. On June 28, 2016, the Association of Chartered Certified Accountants (ACCA) and CA ANZ announced a strategic alliance to provide an opportunity for dual membership of both agencies, which will add value to members locally and globally. ACCA members residing in Australia and New Zealand will be invited to apply for CA membership and CA ANZ members will be invited to apply for ACCA membership, subject to compliance with other eligibility criteria.
Bangladesh
The Institute of Chartered Accountants of Bangladesh (ICAB) [1] is the national professional accounting agency of Bangladesh. Founded in 1973, this organization is the only organization with the right to award the Chartered Accountants in Bangladesh. Senior members (at least five years of membership) of this institution are called "fellow members" and use the letter FCA .
Bangladesh has more than 1,500 registered Chartered Accountants and over 25,000 student articles.
Bermuda
The Institute of Chartered Accountants of Bermuda works with the Canadian Institute of Chartered Accountants and the American Institute of Certified Public Accountants, and is the only organization in Bermuda with the right to award the Chartered Accountants name.
Canada
In Canada, registered accountants belong to the Canadian Institute of Chartered Accountants (CICA) by way of membership in at least one provincial or territorial institution (or "order" in Quebec). To become a member, a candidate requires a bachelor's degree plus experience and, depending on the province, additional education. Candidates in all provinces are required to pass a three-day Uniform Evaluation (UFE).
Since 2012, CICA has been in the process of unification with two other accounting bodies in Canada. The Canadian CA's, along with Certified General Accountants (CGAs) and Certified Management Accountants (CMA), have now adopted the Chartered Professional Accountant (CPA) designation, making the term "chartered accountant" no longer valid.
Czech Republic
In the Czech Republic, Chartered Accountants are typically members of the Czech Institute of Chartered Accountants and use the letter of appointment of CAE (Chartered Accountant). Chartered accountants can also become members of the Chamber of Chartered Accountants.
European Union
Under the Mutual Recognition Directive, the European Economic Area (EEA) and Swiss citizens holding professional qualifications may become equal members of the body in other member countries. They should, however, pass a talent test in understanding local conditions (which for the accountant will include local taxes and variations of corporate law).
However, local titles are not available for use if the professional does not choose to join a local professional body. For example, an expert qualifier holder Ã, (in French) French can practice as an accountant in England without taking local tests but can only describe itself as "expert-comptable (France) "not" Chartered Accountant ". Inside the EEA, only the UK and Ireland have a body that issues a Chartered Accountant.
India
In India, Chartered Accountants are governed by the Institute of Chartered Accountants of India (ICAI) established by the Chartered Accountants Act, 1949. Associated members of ICAI are entitled to add the CA prefix to those names. Members who are practicing full-time, and have completed five years of practice, can use FCA . As of April 2017, ICAI has nearly 270,000 registered members.
Entry into the profession can be done by taking the CA Foundation Course after finishing school (grade 12). Alternatively, graduates can train as assistants who are articulated for three years at a charter company before taking the Middle Exams and then final exams. Comprehensive 100-hour information technology training and orientation program for soft skill development must be completed before articulation.
ireland
In Ireland, Chartered Accountants are generally members of Chartered Accountants Ireland and use the letters ACA or FCA. Chartered accountants may also be members of the Institute of Chartered Accountants in England and Wales or the Institute of Chartered Accountants of Scotland.
Nepal
In Nepal, the Chartered Accountancy profession is governed by the Institute of Chartered Accountants of Nepal (ICAN) established by parliament under the Chartered Accountants Act 1997.
Upon completion of three levels of examination (CAP I, CAP II, and CAP III) with three years of competent article-ship training under CA, one can obtain ICAN membership and with COP, one can practice as a professional body.
New Zealand
In New Zealand, Chartered Accountants owned by Chartered Accountants Australia & amp; New Zealand (CA ANZ, former Institute of Chartered Accountants New Zealand) and using CA designation letter. Some senior members may be selected as partners and use FCA letters.
There is also a mid-tier qualification called Associate Chartered Accountant with ACA pointing letters. The chartered accountant's counterpart is not eligible to hold a public practice certificate and therefore can not offer the service to the public.
Pakistan
The Institute of Chartered Accountants of Pakistan (ICAP) is the professional body of Chartered Accountants in Pakistan, founded on 1 July 1961 under the Chartered Accountant Ordinance, 1961. ICAP is the sole agency and authority in Pakistan which has the mandate to govern accounting and auditing professions in the country. It adopts and develops national auditing standards and develops accounting standards for the Securities and Exchange Commission of Pakistan (SECP). It represents accountants employed in public, business and industry practices, and the public sector. The Institute is a member of the International Federation of Accountants (IFAC), which is a global organization for the accounting profession.
ICAP has more than 7,000 active members and more than 25,000 students.
Singapore
Chartered Accountants Singapore (CA (Singapore)) is protected by Singapore Accounting Commission Act (SAC). The path to get an appointment is owned by SAC, a government legal entity. The Institute of Singapore Chartered Accountants (ISCA) is a designated entity in the SAC Act and bestows the appointment of CA (Singapore) on behalf of SAC. The Singapore Accounting Qualification Program has three components: an academic foundation, a professional program and 3 years of practical experience. ISCA and SAC have worked to enhance profiles and promote Singapore CA Qualifications for international recognition.
Applicants with whom qualify for the Singapore Chartered Accountants Qualification program must have an accredited degree, another degree, a bachelor's degree and a local polytechnic diploma. Those who are eligible to enter directly into a professional program must have a local accounting degree from Nanyang Technological University, National University of Singapore, Singapore Management University, Singapore University of Social Sciences, and the Singapore Institute of Technology.
In 2013, holders of the Association of Chartered Certified Accountants (ACCA) and CPA Australia have until December 31, 2016 and existing students have until 31 December 2018 to complete ICPAS PAC and qualify for the appointment of professional "Chartered Accountant of Singapore" through previous transition arrangements.
South Africa
In South Africa, SAICA (Institute of Chartered Accountants of South Africa) arranges for the appointment of Chartered Accountant (South Africa), CA (SA).
To qualify as CA (SA), a person needs a special undergraduate degree in accounting, followed by a Certificate in Accounting Theory (CTA); depending on the university, this is offered as a postgraduate honors degree or as a postgraduate diploma. This formal education is followed by two external competence exams set by SAICA.
Separate registration is required for Chartered Accountants who wish to act as auditors in public practice as registered auditors (RAs). The appointment of RA is granted by IRBA (Independent Regulatory Board For Auditor, formerly known as Public Accountant and Board of Auditors [PAAB]) in the case of the Auditing Profession Act (AP Act).
Candidates must complete three years of practical experience, working for a registered training office - Training Program In Public Practice (TIPP). Articled clerks who switched employers during this period were asked to extend their training by six months. Outside Public Practice Training (TOPP) has a financial management focus; TOPP training participants can become Chartered Accountants with more limited audit knowledge and experience than those who undergo TIPP programs, but with broader financial management and business experience.
Chartered accountants who are not registered as auditors may not act as or become auditors in public practice. However, the AP Act does not prohibit non-RA from using 'internal auditor' or 'accountant' descriptions or from auditing clubs, nonprofit institutions or associations if they do not receive fees for those audits.
In South Africa, the Companies Act was changed, which took effect in July 2010, to allow companies without the public interest to choose between an independent audit or review. Review is not an attestation function and will be performed by accountants who are members of a registered entity in connection with the Close Corporations Act of 1984, which includes SAIBA, CIMA, SAICA, SAIPA and ACCA.
Sri Lanka
In Sri Lanka, a Chartered Accountant (CA Sri Lanka) degree may only be used by members of the Institute of Accountered Accountants of Sri Lanka. These can be Associate Members (ACA) and Fellows (FCA). A Chartered Accountant holding a certificate of practice may also become a Registered Auditor, capable of performing financial audits in accordance with Company Law, No. 07 of 2007. . Chartered accountants may also register as corporate secretaries.
Maps Chartered accountant
List of charter accountant institutions
- Bahamas Institute of Chartered Accountants
- Canadian Institute of Chartered Accountants
- Chartered Accountants Australia and New Zealand as a result of merger of New Zealand Institute of Chartered Accountants (NZICA) and Institute of Chartered Accountants Australia (ICAA) in 2013
- Chartered Accountant Ireland
- Institute of Chartered Accountants Bangladesh
- Institute of Chartered Accountants of Barbados
- Chartered Accountant Institute from Belize
- Institute of Chartered Bermuda Accountants
- Institute of Chartered Accountants from the Eastern Caribbean
- Institute of Chartered Accountants in the UK & amp; Wales
- The Chartered Institute of Chartered Accountants
- Institute of Chartered Accountants from Guyana
- Institute of Chartered Accountants India
- Institute of Chartered Accountants Indonesia
- Institute of Chartered Accountants of Jamaica
- The Chartered Namibia Accounting Institute
- Institute of Chartered Accountants from Nepal
- Institute of Chartered Accountants from Nigeria
- Institute of Chartered Accountants Pakistan
- The Institute of Chartered Scottish Accountants
- Institute of Chartered Accountants from Sierra Leone
- The Institute of Singapore Chartered Accountants
- The Institute of Chartered Accountants from Sri Lanka
- Institute of Chartered Accountants from Trinidad and Tobago
- Institute of Chartered Accountants from Zimbabwe
- The Chartered Accountant Institute of South Africa
- Zambia Institute of Chartered Accountants
References
Source of the article : Wikipedia
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