A core business function, Chartered Accountancy involves not just accounting, but also auditing, taxation, and financial planning. It makes a rewarding career for those with a knack for numbers and a love for calculation. To pursue this profession, students are required to undergo a rigorous academic exercise, which begins by clearing a common proficiency test (CPT). Following this, successful students take the nine-month Integrated Professional Competence course, which comprises 4 papers of Group I and 3 of Group II. After completing the Integrated Professional Competence Examination which includes both groups, students register as articled assistants for a period of 3 years. Following this, they take a final course, which includes compulsory General Management and Communication skills, and appear in a final examination. At the end of the exercise, which can take between 4 to 5 years, students enrol at the Institute of Chartered Accountants of India and are designated as Chartered Accountants. They can then take up individual practise, work with companies, or seek employment at accounting and audit firms as well as consultancies.
TICAI-The Institute of Chartered Accountants of India