Chartered Accountants (CA) are governed by a professional body in both Australia and New Zealand.
A CA or a Chartered Accountant should meet the requirements specified by the ICAA (Institute of Chartered Accountants Australia). An accounting professional must complete the three years certified program to qualify. Professional accountants need to have completed education and have experience in the following areas to become a CA.
Audit and assurance
Accounting systems and processes
Business Law
Business Valuation
Business Acumen
Economics
Financial Accounting and Reporting
Finance and Financial Management
Financial Planning
Information and Communication Technology
Management Accounting
Risk Specialisation
Self-Managed Super Funds
Taxation
The education and experience of Chartered Accountants helps deliver accurate and efficient guidance. The Institute of Chartered Accountants ensures that CAs adhere to a code of ethics. It helps professional accountants to meet high standards of auditing and accounting.
A professional accountant specialises in business accounting, bookkeeping, payroll or tax structuring.
A Chartered Accountant can handle complex auditing and accounting issues.
Businesses also seek a CPA degree and practical experience of accountants.
Hiring a Chartered Accountant is necessary for sound advice on all business accountancy matters large or small. The three-year degree program to become CA is said to provide knowledge and experience across accountancy, finance, and business.
The average salary for a professional Chartered Accountant is around $120,000. The typical salary for a graduate from a professional body is $86,000. The differences in pay are due to experience, age, work type, gender, cities, post, and designation. The average salary for Chartered Accountants is between $113,600 and $127,000. For accountants with an experience of up to a year the salary is around $106,000.