The major significant part of audits of public as well as private companies are done by The Big 4. The biggest players in the market are four prestigious firms which are Klynveld Peat Marwick Goerdeler( KPMG), Ernst & Young (EY), PricewaterhouseCoopers (PWC), & Deloitte. On the basis of these points, under-noted are career options – the workload he can handle, the zeal to be updated about amendments in various acts & the package. One should keep in mind two or three things while choosing the initial firm i.e. The starting average salary of CA fresher is around 7 Lakh per annum but with experience of more years, it keeps on increasing.Ī certified CA then looks up for a firm to kick-start his career. After clearing the final exam, one can be certified as a chartered accountant by The Institute of Chartered Accountants of India. The students who have qualified Intermediate exams and completed 3 years of article-ship are eligible to apply for CA Final exam.
ICAI conducts an article-ship test to make the students take it seriously, also the grade will appear in the mark sheet of CA Final.ĬA Final – CA Final is the last stage to become a Chartered Accountant. The reason behind the article-ship is that CA students will implement theoretical knowledge in the real world & will be prepared to face the corporate world after completing CA Final. This exam consists of theoretical as well as practical subjects.Īrticle-ship – Article-ship is 3 years of necessary practical training for becoming a Chartered Accountant as per the ICAI guidelines. He has to register for the IPCC exam within four years after CA Foundation clearance with an opportunity of 8 attempts. IPCC exam is held two times every year during the month of May and November. If one clears the CA Foundation exam, then only he is eligible for the IPCC exam.
MONTHLY AVERAGE SALARY IN INDIA PROFESSIONAL
Integrated Professional Competence Course (IPCC) – IPCC referred to as CA Intermediate can be called the 2nd step of becoming a Chartered Accountant. This exam is an objective type consists of 200 questions divided into four topics – Accounting, Mercantile Laws, Economics & Quantitative Aptitude. CA Foundation exam is conducted in the months of June and December. One can register for the CA Foundation exam in class 10 but can give the exam after completing class 12. To be a chartered accountant one has to clear some milestones in the form of exams which are mentioned below-Ĭommon Proficiency Test (CPT) – CPT now known as CA Foundation is the first step of the Chartered Accountancy examination in India. There is no maximum age limit but the minimum age or educational qualification is 10+2. You can here our article on accounting jobs to get a better insight Some Chartered Accountants are employed by government bodies, others work in the private sector, & on the other hand some practice on their own. The Institute of Chartered Accountants of India (ICAI) is an accounting body that regulates the accounting standards, ethics acts, & rules of the Chartered Accountant profession. So, one should give a thought if he has even a little bit of interest in trade, commerce, laws, economy, etc.īefore we discuss the salary of a Chartered Accountant in India, let’s understand what does it take to become a Chartered Accountant.Ĭhartered Accountants are professionals who are specialized in the field of business and finance which include taxation, auditing, general and financial management.
Mostly students with commerce & math background with subjects like Accountancy, Business Studies, Economics, Legal Studies, Business laws, Math choose to pursue their career in Chartered Accountancy. Hence we will discuss the salary of a Chartered Accountant in India. Chartered Accountant is one of the professionals in India who gets handsome pay with no or less investment.
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