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What is the role of a chartered accountant in society?

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What is the role of a chartered accountant in society?

‘Chartered accountants have always been associated with providing financial advice, audits and credible financial records.

What services do CA provide?

Range of Services offered by a Chartered Accountant

  • Advice on FERA.
  • Corporate Law Consultancy.
  • Income Tax Consultancy.
  • Advice on Formulation of Business Strategy.
  • Investment Advisor.
  • Formation of Companies.
  • Audit of Accounts.
  • Investigation of Frauds.

Why do we need chartered accountants?

Whether you are a sole trader or a small partnership firm or a salaried individual, everybody needs CA not only to file tax returns and manage business accounts, but more importantly to make best financial decisions under the legal framework. …

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What do Chartered Accountants do on a daily basis?

Chartered accountants usually go through various financial documents while noting these transactions for future references. They also use the data for additional responsibilities such as taxation, spending and earning reports.

What are the types of services provided by the Chartered Accountant?

The types of services provided by the Chartered Accountant include; It is one of the most important functions of a Chartered Accountant. It is in accounting audits that the specialized training, skill and judgment of a CA often comes into play.

What is the role of Accountants in the Society?

Accountants are presently taking active role in company laws and other corporate legislation matters, in taxation laws matter and in general management problems. Some of the services rendered by accountants to the society are briefly mentioned as under:

Why hire a chartered accountant for tax preparation?

The Chartered Accountant with his experience in accounts is in an advantageous position for preparing the returns for tax purposes, representing assessees before the Income-Tax authorities and rendering general advice on taxes to his clients.

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What services can a CA provide other than audit and tax?

Apart from traditional audit and tax a CA can provide following other service’s. CA Could provide Financial Advisory Services which every business needs. CA Could provide Taxation Advisory services be it Direct Taxation or Indirect Taxation. CA Could provide Management Consultancy services to help the company work more effectively and efficiently.

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