Chartered Accountants work in a number of business and public sector. The role of a Chartered Accountant (CA) varies from a sole practitioner to (CEO) Chief Executive Officer and a CFO (Chief Financial officer). ACA can be associated with services like accountancy, management consultancy, audit, tax, corporate finance, management consultancy, fund management, equity analysis, financial reporting, venture capital etc. The services and role of a Chartered Accountant is of great importance to any company.
The most important role of a Chartered Accountant is to take care of audits which involve checking financial statements and ledgers of the organization. A CA is also responsible for preparing financial statements and doing financial projections. It is their responsibility to develop and manage the financial plans.
The role of a Chartered Accountant is very crucial in case the person is working as a management account as he would be influencing the decisions about capital budgeting and would also be analyzing business. His major responsibilities would include analysis of new contracts, expense efficiency and cost analysis.
In any business, tax matters arises from day to day value added taxes (VAT) to share schemes. A role of a chartered accountant in this scenario is to prepare personal and corporate income tax statements. ACA is supposed to make propose tax strategies which should include acquisition, financial choices and deferral of taxes.
The role of a Chartered Accountant varies in every organization depending upon the nature of the business and added qualification of a CA. According to economists, with the changing economy, the role of a Chartered Accountant would soon be increasing in all organizations.
