Professional Opportunities for Chartered Accountant - CA as an Auditor
Appointment of Chartered Accountants as auditors is mandatory under the Companies Act, 2013, therefore, the knowledge gained in auditing subjects would be helpful to him while conducting a statutory audit of Companies for example listed Companies, Private Ltd. Companies, Government Companies, Banks, etc. Under the Income Tax Act 1961, Tax Audit is also statutorily required to be conducted by Chartered Accountants, education of Auditing would be imperative to conduct such audits.
Also, certain entities like Political Parties, Co-operative Societies, Non-Profit Organizations are also required to get their accounts audited by Chartered Accountants which would definitely require deep knowledge in auditing. Moreover, Internal Audit is also made obligatory for a certain class of Companies.