In India The Institute of Chartered Accountants of India (ICAI) which does the job of regulating the profession of Charted Accountancy. It was set up under the Chartered Accountancy Act of 1949. Those who come out successful in PE-1, (Professional Examination) PE-2 and Final along with completion of two and half years of practical training and a 15 days course on General Management and Communication skills are eligible to apply for the membership of Institute of Charter Accountants of India. A chartered Accountant holds prestige in the society and earns handsomely.
Courses in Chartered Accountancy:
The courses in Chartered Accountancy are a blend of theoretical education and practical training. The theoretical part includes the passing of PE-1 PE-2 and Final part. But they are also expected to go through 2 and half years of practical training and 15 days course on General management and Communication skills. For appearing in the examination one is supposed to register with the Institute of Chartered Accountants of India. The minimum study period for each level of study is 10 months. Exams are held twice a year.
There is no dearth of jobs for Chartered Accountants. After acquiring the membership one can either choose to do public practice or join any organization at the public sector or private sector. Career option for a chartered accountant is therefore varied.
For PE-1: A candidate appearing in 10+2 exam can provisionally register for this exam. The minimum study period is ten months. He or she is supposed to get themselves regularized after passing the 10+2 exam.
For PE-2: The candidate needs to either pass the PE-1/Foundation course or acquire an eligibility certificate for both the groups from the Board of studies.
For Final: The candidate is required to pass the PE-2 / Intermediate exam. and he or she should compete the practical training of two and half years. In addition to that the candidate must also acquire an eligibility certificate from the board of studies.
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