While we might stress the job role of an engineer in the Indian economy, the role of a professional chartered accountant in India cannot be undermined at the same time. The role of a chartered accountant as a professional goes beyond the scope of just managing finances in an organization. A chartered accountant or CA has multiple roles to fulfil in any given economy.

Here are some of the points that highlight the role of chartered accountants in India:
  • A chartered accountant is responsible for preventing money laundering in the given economy. This is achieved as a professional CA checks that a company or individual is not involved in any illegal transaction that goes against the laws of the country.

  • A CA (chartered accountant) is also known for his or her services to BPOs and KPOs. KPO –Knowledge Process Outsourcing and BPO –Business Process Outsourcing companies are always on the lookout for highly qualified, experienced CAs out there. As these companies tend to deal directly with foreign clients, they are always on the lookout for a professional CA to handle their overall transactions.

  • A qualified CA is also responsible for carrying out PIO & NRI-related financial activities. Right from ensuring effective DTAA compliance to decreasing the overall tax liability of such individuals, a chartered accountant plays a major role in the lives of NRIs and PIOs.

This will help a chartered accountant student to know the expectations from CA articleship also. Hope know you know the Importance of a Chartered Accountant in India, this is something what 21st century articles want from CAs.