Professional Opportunities for Chartered Accountant - CA as a Global Accountant
Knowledge of Ind AS / IFRSs will benefit the Chartered Accountants in a way that they will be able to cater to their services as experts in the area of financial reporting in different parts of the world. They would be able to scan the financial statements of multi-nationals and avert probable frauds. Also, for chartered accountants in the industry as well as in practice, their mobility to work in different parts of the world would increase.
Further, Ind AS / IFRS requires the valuation of assets and liabilities at fair values. For the purpose of fair valuation, our industry will require valuers. Therefore, our CAs may also venture into this new area of valuation by becoming valuers. Certain industries like Banking and Insurance are most affected by the implementation of Ind AS. CAs will have a plethora of opportunities to render their services on application of Ind AS to these industries.