Author: Katrapally Nuthun Kumar
Who are Chartered Accountants?
Chartered Accountants are financial professionals who perform accounting tasks such as auditing, financial reporting, management accounting, and taxation. They work across both private and public sectors for organizations, businesses, governments, and individuals, assisting them in meeting their financial requirements.
They are essential for organizational efficiency, offering strategic advice and ensuring adherence to financial regulations.
CAs play a crucial role in influencing business decisions and guiding financial strategies.
What is the current state of the CA profession?
The value of Chartered Accountants remains stable and enduring, though there has been a slight decline due to individuals opting not to consult CAs. This trend is influenced by the availability of alternative options such as digital influencers, knowledge-sharing platforms, and self-learning resources. However, CAs remain indispensable for corporate filings.
Is digital marketing affecting them?
Yes, digital marketing significantly impacts CAs as they are prohibited by law from advertising themselves.
How did trading platforms get involved in IT returns?
Recently, amidst the rise of stock market brokerage platforms, they have expanded their role beyond acting as intermediaries between consumers and markets to also include educating clients on tax deductions and financial savings. Gradually, they have become involved in filing individuals’ Income Tax Returns (ITRs).
Additional information of current data related CA
Total CA In India : around 4 lakhs
Pass percentage of CA YOY : 10- 20%
Average salary offered to CA: 6-10 LPA
Top companies hire : KPMG, Deloitte, Ernst & Young (EY), Lodha & Co., PriceWaterhouseCoopers (PWC) etc.
