meaning ???
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2011
What is the meaning of the word Chartered in the word Chartered Accountant and why is it used so???
20 July 2011
Chartered means "qualified".
20 July 2011
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants (formed 1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception.[1] The title is an internationally recognised professional designation.[2]
Chartered Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.[3][4]
Chartered Accountants Institutes require members to undertake a minimum level of continuing professional development to stay ahead of their peers. They facilitate special interest groups - lead academic and professional thinking in accountancy. They provide support to members by offering advisory services, technical helplines and technical libraries. They offer opportunities for professional networking and career and business development.[5][6]
India
In India, the profession of chartered accountancy is regulated by the Institute of Chartered Accountants of India which was established by Parliament under the Chartered Accountants Act of 1949. Since then, the term Chartered Accountant has been used in place of Indian Registered Accountant. Prior to 1949, Restricted State Auditors were registered with the respective princely states and British provincial State Governments. However, now, the Restricted State Auditors have become redundant.
As of April 2009, ICAI had more than 150,000 registered members.[9] It is considered as the second largest body of professional accountants in the world after AICPA.
https://en.wikipedia.org/wiki/Chartered_Accountant#India
Chartered Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.[3][4]
Chartered Accountants Institutes require members to undertake a minimum level of continuing professional development to stay ahead of their peers. They facilitate special interest groups - lead academic and professional thinking in accountancy. They provide support to members by offering advisory services, technical helplines and technical libraries. They offer opportunities for professional networking and career and business development.[5][6]
India
In India, the profession of chartered accountancy is regulated by the Institute of Chartered Accountants of India which was established by Parliament under the Chartered Accountants Act of 1949. Since then, the term Chartered Accountant has been used in place of Indian Registered Accountant. Prior to 1949, Restricted State Auditors were registered with the respective princely states and British provincial State Governments. However, now, the Restricted State Auditors have become redundant.
As of April 2009, ICAI had more than 150,000 registered members.[9] It is considered as the second largest body of professional accountants in the world after AICPA.
https://en.wikipedia.org/wiki/Chartered_Accountant#India
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Error in uploading Form 10BD
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- ITC BENEFIT ON BROKRAGE PAID
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
