Chartered Accountants (CAs): Job Description, Salary, And Scope

Chartered Accountant (CA) Job: Ever wondered what makes a CA job one of the most sought-after careers in India? A Chartered Accountant handles financial accounting, auditing, taxation, and management reporting across industries.

Moreover, they hold an important position in businesses, guiding finance, tax, and compliance matters. But what does a chartered accountant do exactly? From managing audits to offering strategic financial advice, their scope is vast.

To pursue this career, you must meet chartered accountant requirements by clearing the CA Foundation, Intermediate, and Final exams. In this guide, learn how to become a chartered accountant, explore the chartered accountant job description, and discover the chartered accountant salary trends.

Table of Contents

What is a Chartered Accountant (CA)?

A Chartered Accountant (CA) is a certified financial professional qualified to handle tasks like auditing, taxation, budgeting, and financial reporting. A CA job focuses on offering financial guidance, maintaining regulatory compliance, and overseeing a company’s financial management. CAs work across businesses, government bodies, and individuals. Compared to regular accountants, CAs have advanced certifications and expertise.

For example, a CA might audit a company’s financial records to ensure accuracy or develop tax strategies to reduce liabilities. Globally recognized, the CA designation is similar to the CPA in the U.S., offering diverse career opportunities.

Chartered Accountant Job Description

A CA job involves managing and analyzing financial data to help businesses, governments, and individuals make informed financial decisions. Chartered Accountants (CAs) handle tasks like auditing, taxation, budgeting, and financial reporting. Their work ensures legal compliance, financial accuracy, and efficient resource management.

What Does a Chartered Accountant Do?

Chartered Accountants work in various sectors, providing financial advice, auditing services, and tax planning. Their role goes beyond basic accounting, offering strategic guidance to improve business performance. Here are some key roles and responsibilities of a CA job:

1) Financial Advisory

CAs act as financial advisors, offering strategic advice on:

Business growth and development
Tax planning and risk management
Mergers, acquisitions, and financial restructuring

For example, a CA might guide a company during a merger to ensure tax efficiency and financial stability.

2) Auditing and Assurance

Conducting audits to verify the accuracy of financial records:

Reviewing financial statements for compliance with legal standards
Identifying fraud, errors, or financial irregularities
Providing recommendations to improve financial processes

3) Tax Planning and Management

CAs help clients optimize their tax liabilities:

Preparing and filing tax returns
Advising on tax-saving strategies
Advocating for clients before tax authorities

4) Financial Reporting

Preparing financial reports for internal and external stakeholders:

Income statements, balance sheets, and cash flow statements
Ensuring adherence to accounting regulations and standards

5) Budgeting and Cost Control

Managing budgets to improve financial performance:

Analyzing expenses and revenue streams
Suggesting cost-cutting measures without affecting productivity
Forecasting future financial performance

6) Management Consultancy

Providing consultancy on financial and operational matters:

Designing budgetary control systems
Advising on resource allocation and business strategies
Evaluating the feasibility of new projects or business expansions

7) Risk Analysis and Management

Identifying potential financial risks and providing mitigation strategies:

Assessing market trends and business risks
Developing risk management frameworks for companies

8) Legal and Compliance Support

Ensuring businesses comply with financial regulations:

Advising on corporate laws and regulatory changes
Assisting in legal documentation related to finance and taxation

9) Corporate Governance

Serving in leadership roles within organizations:

Acting as board members or company secretaries
Overseeing corporate financial health and ethical practices

For example, a senior CA may serve on a company’s board, influencing major financial decisions.

10) Freelance Consulting and Entrepreneurship

Some CAs choose to work independently, providing consulting services to various clients or establishing their businesses. This allows them to manage multiple projects and explore entrepreneurial opportunities.

Also Read: What are Accounting Policies and How are they Used?

Therefore, a CA job is versatile, with opportunities in auditing, taxation, consulting, and corporate finance. Whether working for large corporations, government bodies, or as independent consultants, Chartered Accountants play a vital role in shaping financial strategies and ensuring business success.

Step-by-Step Guide on How to Become a Chartered Accountant in India

If you’re aiming for a CA job in India, you’ll need to follow a structured path set by the Institute of Chartered Accountants of India (ICAI). Here’s a simple guide on how to become a Chartered Accountant and meet the necessary chartered accountant requirements:

Step 1: Complete Your Schooling

Start by passing your Class 12 (Higher Secondary) examinations. Students from any stream can apply, but having a background in commerce with subjects like accounting, economics, and mathematics can be helpful.

Step 2: Enroll in the CA Foundation Program

After Class 12, enroll in the CA Foundation Course through ICAI. This course covers the basics of accounting, economics, business laws, and quantitative aptitude. You’ll need to study for at least four months before appearing for the CA Foundation Exam.

Step 3: Clear the CA Foundation Examination

Once your preparation is complete, appear for the CA Foundation Exam. Clearing this exam qualifies you to move to the next stage: the CA Intermediate Course.

Step 4: Enroll in the CA Intermediate Course

After clearing the Foundation Exam, sign up for the CA Intermediate Program. This stage covers advanced topics like accounting, taxation, corporate law, and financial management. You’ll need to clear two groups of papers (Group I and Group II).

Step 5: Complete ICITSS and Begin Articleship

Before starting your articleship, complete the Integrated Course on Information Technology and Soft Skills (ICITSS)—a four-week program focusing on IT and professional communication skills.

After this, begin your 3-year articleship (practical training) under a practising Chartered Accountant. This gives you hands-on experience in real-world accounting, auditing, and taxation tasks.

Also Read: Role of Business Accounting and Taxation Courses in Modern Corporate Finance

Step 6: Register for the CA Final Course

While completing your articleship, you can register for the CA Final Course. Before the final exam, you must complete another four-week course called Advanced ICITSS (focusing on advanced IT and soft skills).

Step 7: Clear the CA Final Examination

Once your articleship is complete, appear for the CA Final Exam. It covers subjects like advanced auditing, corporate laws, strategic financial management, and direct and indirect taxes. Passing this exam is the final step to becoming a Chartered Accountant.

Step 8: Apply for ICAI Membership

After successfully clearing the CA Final Exam, apply for membership with ICAI. Once approved, you’re officially a Chartered Accountant, eligible to start your CA job in public practice, private firms, or even your consultancy.

Direct Entry Route (For Graduates)

If you’ve completed your graduation, you can choose the direct entry route to become a Chartered Accountant. This option allows you to skip the CA Foundation Course based on your academic qualifications:

Commerce graduates with 55% marks or other graduates with 60% marks can skip the CA Foundation Course.
You can directly enroll in the CA Intermediate Course and follow the same steps from there.

Also Check: How to Become a Tax Consultant in India? Step-by-step Guide

Therefore, meeting the chartered accountant requirements involves dedication, continuous learning, and practical training. Whether you start after Class 12 or through the direct entry route, a CA job offers diverse career opportunities in accounting, auditing, taxation, and consulting.

Essential Skills for a CA Job

A CA job requires a combination of technical expertise and soft skills to manage financial operations, ensure compliance, and provide strategic advice. Here are the key skills needed to meet chartered accountant requirements and excel in this profession:

Technical Skills

Accounting & Auditing: Strong knowledge of financial reporting, auditing, and compliance with laws.
Taxation & Financial Analysis: Understanding tax regulations, financial planning, and investment strategies.
Budget & Risk Management: Efficiently managing budgets and identifying financial risks.
Proficiency in Accounting Software: Knowledge of tools like SAP, Tally, and other financial systems.

Soft Skills

Analytical Thinking: Interpreting complex financial data and identifying trends.
Attention to Detail: Ensuring accuracy in financial reports and tax filings.
Communication Skills: Clearly explaining financial concepts to clients and stakeholders.
Problem-Solving Ability: Finding solutions to financial and business challenges.
Time Management: Handling multiple tasks and meeting deadlines efficiently.
Leadership & Ethics: Leading teams with integrity and making ethical decisions.

Mastering these skills will help you build a strong career as a Chartered Accountant across various industries.

Difference Between Chartered Accountants (CAs) and Accountants

When considering a CA job, it’s important to understand how a Chartered Accountant differs from a general accountant. Both roles deal with financial management, but their qualifications, responsibilities, and expertise levels set them apart. Check the table below for details on Chartered Accountants vs. Accountants:

Chartered Accountants vs. Accountants: Key Differences
Aspect	Chartered Accountant (CA)	Accountant
Qualification	Requires passing ICAI exams and completing articleship	Requires a basic accounting degree or certification
Scope of Work	Handles audits, complex tax planning, and financial consulting	Manages bookkeeping, payroll, and basic tax filings
Authority to Audit	Authorized to conduct statutory audits and certify financial statements	Not authorized for statutory audits
Expertise Level	Advanced knowledge in accounting, finance, and regulations	Fundamental understanding of accounting principles
Industries	Works in public practice, corporate finance, consulting, and government roles	Works in businesses for financial record management
Decision-Making Role	Provides strategic financial advice to businesses	Handles day-to-day financial transactions

Chartered Accountant (CA) vs. Certified Public Accountant (CPA)

The primary difference between CAs and CPAs lies in their geographical recognition. A CA job is common in countries like India, the UK, and Australia, while CPAs are prominent in the United States. Both designations involve similar work such as auditing, taxation, and financial consulting, but the qualification process and governing bodies differ.

CAs are certified by the Institute of Chartered Accountants of India (ICAI), with a rigorous process involving the CA Foundation, Intermediate, Final exams, and articleship.
CPAs are certified by the American Institute of CPAs (AICPA) and must pass the CPA exam along with meeting specific state requirements in the U.S.
CAs follow International Financial Reporting Standards (IFRS), while CPAs follow U.S. GAAP.

Both qualifications offer strong career prospects globally, with CAs having more recognition in Commonwealth countries, while CPAs are highly valued in multinational corporations, especially in the U.S.

Also Read: CA vs MBA–Is CA better than MBA in Finance?

Understanding these differences can help you choose the right path if you’re considering a CA job.

Chartered Accountant Salary in India

A CA job offers attractive salaries that differ based on experience, industry, and location. Cities like Mumbai, Delhi, and Bangalore offer higher pay due to greater demand. Here’s an overview of the Chartered Accountant’s salary, roles, and experience-based earnings:

Average Chartered Accountant Salary

The average chartered accountant salary in India is around ₹10 LPA, with total pay ranging between ₹7 LPA and ₹12.5 LPA. Additional earnings may include bonuses, commissions, and profit-sharing.

CA Salary Based on Job Roles

CAs can take up different roles in finance, taxation, and auditing. Here’s a look at average salaries for different CA job roles:

Chartered Accountant Salary in India: Job Roles
Job Role	Average Annual Salary (INR)
Chief Financial Officer (CFO)	₹30 LPA
Financial Controller	₹15 LPA
Chartered Accountant (CA)	₹10 LPA
Finance Manager	₹9 LPA
Tax Accountant	₹8 LPA
Auditor	₹7 LPA

CA Job Salary Based on Experience

Experience plays a crucial role in salary growth for CAs. Here, check the chartered accountant’s salary based on experience:

Chartered Accountant Salary in India Based on Experience
Experience Level	Average Annual Salary (INR)
Entry-Level (0-2 years)	₹6 L – ₹8 L
Mid-Level (3-5 years)	₹12 L – ₹18 L
Senior-Level (10+ years)	₹25 L – ₹35 L

Note: The above salaries are approximate figures based on data from various online sources and may vary depending on experience, job performance, and location.

Also Check: Top 5 High-Paying Entry Level Jobs for 2025 (Earn Up to $100,000+)

CAs working in multinational companies, investment firms, and top accounting firms often earn higher salaries. Many also choose to start their practice or consultancy for additional earnings.

Career Opportunities, Trends, and Top Recruiters for CA Jobs

A CA job offers diverse career opportunities across industries due to the high demand for financial expertise. Chartered Accountants are valued for their analytical, technical, and problem-solving skills, making them essential for businesses, government sectors, and consultancy firms.

1. Scope of CA Job in India:

The scope of a CA job in India is vast, covering roles in both the private and public sectors. CAs can work in areas like financial planning, auditing, taxation, and risk management. They can choose to work in corporate firms, or government organizations, or even start their own practice.

Here are some of the major sectors where CAs can work:

Corporate Sector: Financial planning, compliance, risk management.
Banking & Financial Services: Mergers & acquisitions, credit analysis, financial modeling.
Public Sector: Government finance departments, tax administration, budgeting.
Consultancy Firms: Business advisory, financial analysis, due diligence.
Startups: Fundraising, investor relations, cost management.

2. Evolving Trends in CA Profession:

The field of Chartered Accountancy is evolving with new trends shaping the profession. Some of the emerging trends include:

Technology Integration: Use of AI, blockchain, and data analytics for financial reporting and audits.
Advisory Roles: Growing demand for tax advisory, sustainability consulting, and ESG reporting.
Forensic Accounting: Investigating financial fraud, disputes, and risk assessments.
Global Opportunities: CAs are increasingly working in international taxation and cross-border transactions.
Continuous Learning: Upskilling in IT law, compliance, and advanced financial tools.

3. Top Recruiters for CA Jobs:

CAs are in high demand across industries, with top recruiters from both the private and public sectors. Leading companies hiring CAs include:

Big 4 Firms: Deloitte, PwC, KPMG, Ernst & Young (EY)
Corporate Giants: Reliance Industries, Tata Group, Aditya Birla Group, ITC
Banks & Financial Institutions: ICICI Bank, HDFC Bank, SBI, Axis Bank
Global Firms: Grant Thornton, BDO, RSM International

These organizations offer competitive packages, growth opportunities, and exposure to global financial practices.

Also Read: 20 Accounting Interview Questions and Answers for Freshers

4. CA Job Opportunities Abroad:

CAs also have excellent opportunities internationally, especially in countries like the UAE, UK, Canada, and Australia. Many Indian CAs work with multinational corporations, global banks, and international audit firms.

Why CAs are valued abroad:

Global demand for accounting professionals with expertise in IFRS (International Financial Reporting Standards).
Reciprocity agreements allow Indian CAs to work as CPAs in certain countries after qualifying exams.
Higher salary packages and diverse career roles in finance, consulting, and advisory services.

Furthermore, becoming a Chartered Accountant offers strong career prospects, competitive salaries, and opportunities in various industries. To prepare, focus on clearing CA exams, gaining practical experience through articleship, and staying updated with industry trends. Strong analytical skills and financial expertise are essential for success in a CA job.

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Chartered Accountant (CA) Job FAQs

What does a Chartered Accountant do?

A CA handles auditing, tax filings, financial analysis, and advisory services. They help businesses manage finances, ensure compliance, and improve financial performance.

What are the basic requirements to become a Chartered Accountant?

The basic chartered accountant requirements include completing the CA course, clearing all levels of exams (CA Foundation, Intermediate, and Final), and completing the mandatory articleship training.

How to prepare for the CA exam?

To prepare for the CA exam, focus on core subjects like accounting, taxation, and auditing. The PW Skills CPFTA course, designed with PwC India, helps build strong fundamentals in finance, tax, and accounting.

How much can a Chartered Accountant earn?

A CA can earn between INR 7–12.5 lakhs annually at the start. With experience, the salary can rise significantly, with senior professionals earning INR 25–30 lakhs per year or even more.