Well, this is the point where major Chartered Accountants get back from the MBA’s or other similar professionals.
#Chatered accounted professional
He should apply his professional skepticism while accepting the work, this is a quality of a chartered accountant which very few have! If any work a CA being offered against his values and Ethics, he should not accept it. Hence, this is the first and foremost priority of CA’s to uphold their strong Ethical Standards.
Some such cases raise finger over the Chartered Accountants Ethics and values. In the current scenario, where the cases like Chartered Accountants arrested during demonetization caught helping the frauds in exchanging their currency and later PNB scam like cases, some CA’s has seemed to forget their Ethics which they claim to hold. When a person believes that a Doctor would not play with the health of his patient, similar belief has been seen over a Chartered Accountant, that he would not play with his F.S.
#Chatered accounted free
It urges an obligation to be unbiased, completely honest as well as free of a conflict of interest.Ī Chartered Accountancy is one of the most respected position in the society similar to a doctor. Objectivity refers to the quality of services that delineates its value, one of the skill must possess in a Chartered Accountant. If a Chartered Accountant came to know that organization is indulging into some activities which may result into huge tax liabilities later then he should immediately bring it into the notice of management and save the assessee from the further assessment procedure. He is responsible to aware the management if anything comes into his notice which is false or misleading.ĬA has to fulfill his duties according to the values, ethics and principals they are responsible to maintain. A CA has to be honest and should be straightforward while performing his duties. Integrity refers to the honesty and accuracy. All the information collected during the course of his work should not get disclosed until client himself permission to do so. Being confidential about the details is the first and foremost required quality of a chartered accountant. Hence, at every point when CA is dealing with the Financial Statements of the Company, he has to make sure that information is not used for any personal advantage or otherwise. It may not only affect the company financially but also affect its reputation in the market.
And you can imagine if such information gets disclosed before the time then how much loss a company has to suffer. It contains various confidential information which requires not to be disclosed until and unless the law requires and this provision is also mentioned in the guidelines issued by the ICAI for its members.Ī CA has to deal with a great level of confidential information such as mergers, demergers, amalgamation, dissolution, conversion etc of listed companies. Qualities of a Chartered Accountant ConfidentialityĬhartered Accountancy is the profession where the client has to disclose all his data and financial statements to the auditor. The industry has thousands of CA’s working on an average salary of 6-7 lakhs but on the other hand, there are also hundreds of CA’s charging fee for a single minute and lakhs for a single audit. You required some serious CA skills, some ethics to maintain your position. But in order to become successful, only degree is not important. Today We are goinf to reveal few skills and Qualities of a Chartered Accountant which you must start developing form today! It’s better to take multiple attempts to qualify the CA Final Exam rather than once you become CA and someone said that you don’t deserve to be a Chartered Accountant.Ĭhartered Accountants are the most reputed professionals in our society.
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