Chartered Accountant

A practitioner of accountancy which is the measurement, disclosure or provision of assurance about financial information is known as a chartered accountant. These accounting techniques help managers, investors, tax authorities and others make decisions about allocating resources. Most accountants are employed in commerce and industry. Chartered accountants were the first accountants to form a professional body. They work in all fields of business and finance. Some engages in public work and others work in the private sector. Professional chartered accountants add values to a business irrespective of what stage of progress it is in.

Importance of chartered accountants

Professional chartered accountants help in getting the blue print of business plans correctly. He can set callousness aside the business and ensure the business accounting and records keeping are amalgamated. Chartered accountant help to set company budget and file tax returns. There are different forms of chartered accountant and accountancy bodies like Institute of Chartered Accountants Scotland (ICAS) and the Association of Chartered Certified Accountants. These institutes are governing bodies for accountants and accountancy firms.

Certified Public Accountant (CPA)

CPA is the statutory title of qualified accountants in the United States.  They have passed the uniform certified public accountant examination. Those individuals who have passed the examination may not have accomplished the required on job experience. CPAs are licensed to provide public attestation opinions on financial statement. CPAs are related to assurance services or public accounting. CPAs can attest to the reasonable of disclosures in financial audit. They are also eligible to attest the reasonableness of the freedom from material misstatement and the adherence to the applicable generally accepted accounting principles in financial statements. CPAs will be employed by corporations in functions like Chief Financial Officer or finance manager. CPAs normally do not provide services directly to public. Some certified public accountants serve as business consultants. CPAs who work as consultants do not work as auditors. CPAs can operate in any area of financing like assurance and attestation services, corporate finance, corporate governance, estate planning, financial accounting, financial analysis, financial planning, forensic accounting, income tax, information technology especially as applied to accounting and auditing management consulting, performance management, tax preparation and planning and venture capital. Bahamas Institute of Chartered Accountants, Canadian Institute of Chartered Accountants, Institute of chartered Accountants in England and Wales , Institute of chartered accountants of India, Zambia institute of chartered accountants, south African Institute of chartered Accountants are some major institutes of chartered accountants.

Questions:

• Who are chartered Accountants?
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