With the rise of corporate sector chartered accountancy as a profession is witnessing a rapid growth. In recent times, accountancy has become popular as a profession. The services of a CA are required in money matters even in a small business. Moreover according to the Company Act only CA's in professional practice are allowed to be appointed as auditors of companies in India. Accountancy tends to be a very stable profession, as financial reports must be generated whether the business situation is good or bad. As demand for financial information increases with the emergence of a global economy, the field grows larger. A Chartered accountant is one who is specialized in accounting, auditing and taxation and is accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the Final examination of the Chartered accountancy course conducted by the institute. A chartered accountant also serves as a management and corporate caretaker. There are three levels of Chartered Accountancy Course in India. Common Proficiency Test is an entry-level programme. A student can appear (CPT) after appearing in the Senior Secondary Examination. The second stage is Professional Competence Course (PCC), articled training, and 100 hours of Information Technology Training (ITT). The third level is the Final Course to which students is registered after clearing PCC. Students may also undergo General Management and Communication Skills Course (GMSC) while undergoing Final course or after that. After passing, the final examination students are eligible to enroll with the Institute of Chartered Accountants of India to become Chartered Accountants.

The Chartered Accountancy Course is conducted by The Institute of Chartered Accountants of India has three sections -Foundation, Intermediate, and Final course.

The growing importance of trade and industry along with the rapid growth of capital and money markets in an economically developing nation like ours has increased the importance of Chartered Accountants enormously. On attaining certificate of Chartered Accountants, ample of opportunities opens up. Whether you work in a firm or you carry on with your own private practice, there is so much to do. Moreover all the companies registered under the Companies Act, are required to get their accounts audited only by practicing Chartered Accountants. A CA can explore job opportunities with Government sector, public sector undertaking, and Private sector and can run their own consultancy services. Chartered accountants work as Finance Managers, Financial Controllers, Financial Advisors or Directors (Finance) and watch over the finances in the day to day management of companies. Their main areas of work include Accountancy, Auditing , Cost accountancy, Taxation, Investigation and Consultancy. CAs also perform functions under special positions such as directorships of companies, arbitrators for settling disputes, handling work related to insolvency, bankruptcy, etc. They are free to go in either for professional practice or to be employed by the industry sector (private companies, public sector undertakings, etc.)

The Institute of Chartered Accountants of India,