What is differencr between accountant and Chartered Accountant.?

An accountant is a person who does accounting works. So we can call all the persons who do accounting works as accountants.


But a Chartered Accountant is a Qualified Professional Accountant successfully completed and passed the course conducted by The ICAI and enrolled as a member of The Institute of Chartered Accountant of India (Set by an Act of Parliament). They are being governed by The Chartered Accountants Act.


The Companies Act 1956 requires that a Chartered Accountant alone can Audit the accounts of a Company. Likewise in the eye of law they have a lot of powers and obligations. The most important thing is that the Examination for Chartered Accountant is the one of the most difficult exams in the world. Percentage of success is also very low...


To know more about the course of C.A go to www.Icai.Org

I am a C.A Student

A chartered accountant is a fully certified member of a National Chartered Accountants Guild or Association.

Chartered accountants have undergone further studies and qualifications for the certifications that deem them to be a to have achieved a certain professional standard which is considered higher than normal Accountants training.

Generally if an accountant wants to practice as a Public accountant rather than as an accountant for a company then they will need to be certified.

Being Certified opens a lot more doors professionally as well.

Chartered accountant is person who can do anything but an accountant can do accounts work only.My friend Hai ish was working in Motia Constructions Ltd.,Ambala-Chandigarh Highway,Zirakpur as a accountant.This company is constructing 860 flats at Royale Estate,Zirakpur. He told that Sh.S.Lal Bansal a Chartered Accountant is Statutory Auditor of the Company.But he is also looking all the activities of the company i.e.Internal Audit,Income Tax matters,Sales tax Matters,Service Tax matters,Electricity matter,Legal Matters,Development of the project,Marketing Policies,Finance matters,Project Polices,Purchase Polices,Arcitecture,PUDA relates matters,Pollution relates matters,Letter drafting ,ROC work and day to day activities etc.
He said that the project is zero if it was not controlled by Sh.S.Lal Bansal.Due to his full involvement company has given car to him,no transfer fee on purchasing flat from his friend.The company used his flat as a sample flat and all material lying in the flat is given to him,There are other no.of benifits to him.

In present scene Accountant is a Book Keeper whereas Charted Accountant is a real accountant with a vast area of operation

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