What is the day to day work of a chartered accountant?

What is the day to day work of a chartered accountant?

CA or chartered accountants are well trained to examine, analyse and interpret all types of financial transactions in a company or industry.
- They are responsible for auditing, verifying, analysing and interpreting clients’ accounts, and advising them accordingly on taxation, trusteeship and liquidation.
- CA deals with matters such as the formation of a financial structure and liquidation of limited companies. Chartered accountants enjoy a statutory monopoly in audit of financial statements.
- Their area of expertise also includes financial reporting, auditing and assurance, arbitration, risk management, economics, corporate finance, management accounting, information systems audit, corporate law, direct tax, indirect tax and valuation of businesses.
- They are brought into picture when an investigation needs to be carried out to ascertain the financial position of a business in connection with matters such as a new issue of share capital, sale or financing of a business and reconstruction.
- CA also comes into picture while undertaking investigations with a view to achieve greater efficiency in management or admin and also to find out the reason for variations in profits.