Law Article

  Chartered accountants are the ones who are specialized in the field of accounting, auditing and taxation. They also serve as management and corporate caretaker. In recent days, Chartered Accountants have become popular as a profession. According to the Company Act, only CA's in professional practice are allowed to be appointed auditors of companies in India. They are also responsible for handling accounts and finance-related matters, dealing with money management. Chartered Accountants are the ones who are accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the Final examination of the Chartered accountancy course conducted by the institute. History Chartered Accountants were the first accountants to form a professional accounting body, at the very first it was 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