CA AND CS WHAT DIFF

S.S KUMAR (students) (211 Points)

28 November 2009

CA AND CS what diff.............

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Neeta (CA IPCC Student) (168 Points)
Replied 28 November 2009

CA means Chartered Accountant and CS means Company Secretary.
Both are professional degrees difference between them-
1. A CA is a member of the Institute of Chartered Accountants of India and is governed by the Chartered Accountants Regulation Act while a CS is a member of The Institute of Company Secretaries of India.
2. A person can become CA after passing exams conducted by the ICAI(The Institute of Chartered Accountants of India) and a person may become CS after passing exams conducted by the Institute of Company Secretaries of India.
3. In India it is only a CA who can conduct various statutory audits, audit under Income Tax Act called Tax Audit etc. A CS is not capable to do so.
4. A CA may also appear before various appelate authorities of direct and indirect tax departments like The Commissioner of Income Tax (Appeals), Income Tax Appealate Tribunal etc and can defend his client like a lawyer but a CS may not do so.
5. CA must have thorough knowledge of Accounting, Taxation(both direct and indirect), Auditing and various corporate laws like the Companies Act as well as Financial management and costing. A CS must have good thorough knowledge of all the corporate and labour laws and other such laws and working knowledge of Auditing, accounting, costing and financial management.
6. The scope of practice and work of CA is more than that of a CS.A CA may practice taxation, auditing, financial management, project consultancy and a huge number of other such services. The scope of practice is limited for a CS which relates to corporate affairs like dealing with ROC and other such legal bodies and maintaining of various statutory records and returns of a company and legal matters of a company.
7. In my opinion CA is better than CS if u r a student and generally speaking a CA is more qualified(on an overall basis) than a CS. This is my personal view point.

Rahul Bansal (Finalist) (35924 Points)
Replied 07 December 2009

good

Nita Patel
CA IPCC Student
[ Scorecard : 117]

Sudarshan (Article) (26 Points)
Replied 08 February 2011

1. Company Secretary is a specific position in a Company with specific paid up capital, and compliance certificate...and Clause 49 of the listing agreement blah blah blah... Chartered accountancy does not create a specific position, instead it can be for anything... from individual to company

2. A CFO in a company can be either a Company secretary or a Chartered accountant, however a Company Secretary/Compliance Officer - can only be a company secretary and not a chartered accountant.

3. If you want an immediate hiked income you should join C,A.... if you want to subsequent growth lets say in 2 to 3 years you should join CS.... in CS sky is the limit as far as increase in income potential is concerned, however in CA... the gradual increase is not so great... plus a because a CA can do almost do anything in commerce field.... however with C.S its unlikely to happen

4. C.A results are by far dented towards negativity students without any logic... i've got many friends working really hard, attaining 20 or 30 marks in individual subjects... its unbelievable....

5. Articleship for 3 year is mandatory and in CS Article-ship is not mandatory... if you go for it... its only 15 months with 45 days mandatory leave for studies...but its not worth Doing CS without Articleship ....