Quick Answer: How Many Chartered Accountants Are There In India?

What is the salary of president of ICAI?

Average starting salaries hover at around Rs 7 lakh, says Subodh Kumar Agrawal, vice-president of the Institute of Chartered Accountants of India (ICAI).

Fresh IIM grads, on the other hand, can start off with Rs 12 lakh to Rs 15 lakh on an average, with Rs 25-lakh packages not so uncommon..

How many chartered accountants are there in the world?

1.8 million Chartered AccountantsChartered Accountants Worldwide is a global family that brings together the members of 15 institutes to create a community of over 1.8 million Chartered Accountants and students in 190 countries.

Is CA losing its value?

CA, MBA, CFA ,CS, CMA or that matter of fact any course will never lose it’s value because the core of these courses is knowledge and knowledge is the real asset which cannot be stolen nor destroyed. But it has to be upgraded with the changing times.

Is becoming CA difficult?

The exam is not very hard. It can be attempted by students who have completed 12th standard, graduates and professionals. The syllabus and examination are modelled in a way that even students can crack them. But, still, it is considered as one of the hardest tests to crack in India.

Who is the richest CA in the world?

Top 6 Richest Accountants In The WorldPhil Knight, co-founder of Nike. Net worth: $25.1bn. … Kumar Mangalam Birla, chairman of Aditya Birla Group. Net worth: $8.3bn. … Denise Coates, director of Bet365. … Arthur Blank, co-founder of The Home Depot. … Paul Coulson, chairman of Ardagh Group. … Sir Brian Souter and Ann Gloag, founders of Stagecoach Group.

Who is the best auditor in India?

List of Top 11 CA Firms in India 2020: Detailed Description#1. Deloitte –#3. KPMG –#4. Ernst & Young (known as EY) –#5. BDO International –#6. Grant Thornton International –#7. RSM International –#8. SS Kothari Mehta & Co. –#9. Lodha & Co. –More items…

Who was the first Chartered Accountants of India?

The first chartered accountant of India was Shri G.P Kapadia.

Is CA or MBA better?

CA Vs MBAProfessionChartered AccountantLevels of examinationLevel 1- CPT exam Level 2- IPCC exam Level 3- Final examDuration of the examThe duration of the exam is for four years, provided the candidate clears the exam in the first attemptExam scheduleExams are conducted twice a year for Level-I and Level-II exams6 more rows•Oct 7, 2019

Which country is best for chartered accountants?

Top 10 places in the world for accounting and finance careersGermany. … New Zealand. … Brazil. … Hong Kong. … Dubai. … South Africa. … Switzerland. … Israel. The adoption of open markets and regulatory practices have rewarded Israel with becoming one of the most economically advanced countries in the Middle East region.More items…

Who is the first chartered accountant in world?

Answer. Shri GP Kapadia was the first member of the Institute of Chartered Accountants of India and it says he was trained and did his apprenticeship under Certified Accountant Mr.

What is the salary of CA fresher?

7 lakh per annumA fresher earns an average salary of 7 lakh per annum. CA with an experience of more than 10 years is offered an average salary of more than 20 lakh per annum.

How many chartered accountants are required in India?

In a country of 125 crore citizens and 6.8 crore taxpayers in 2017-18, close to 3 lakh chartered accountants (CAs) serve as the finance guides. As of April 2018, there are only 2.82 lakh CAs in India, and out of which only 1.25 lakh members are in full-time practice that makes approx.

Who is the richest CA in India?

Rakesh Jhunjhunwala, the Indian stock guru is also a CA He is known as one of the most successful stock investors in the country and is also called the “Warren Buffet of India”. He is also a qualified Chartered Accountant who is one of the richest persons in India today.

Is CA a stressful job?

Most CA’s really are workholics or soon become one after they join some MNC or big firms. They fail to realise amd enjoy LIFE. They just get addicted the corporate structure and end up with frustrations and stress after some years. … There are some firms and companies that pay you as per your working hours.

What is salary of CA?

A mid-career Chartered Accountant with 5-9 years of experience earns an average total compensation of AU$73,879 based on 121 salaries. An experienced Chartered Accountant with 10-19 years of experience earns an average total compensation of AU$95,911 based on 54 salaries.

Who is the God of accounts?

Praveen Sharma – God of Accounts.

How many CA firms are there in India?

Sadly, there is no Indian firm there. By 2022, let us have a Big 8, where 4 firms are Indian,” Modi said while addressing the CAs on the Foundation Day of the ICAI (Institute of Chartered Accountants in India). The top global accountancy firms include PwC, Deloitte, EY and KPMG.

How many hours does CA work?

35 hours1. The articled assistants should undergo practical training in accordance with the Chartered Accountants Regulations, 1988 as explained hereinafter. The working hours for the articled assistants shall be 35 hours in a week excluding the lunch break.