Different between an CA or an Accountant ?
Answers
Simple and Straight
(answered the question as per Indian Rules and Regulations)
A chartered accountant Audits the financial statements prepared by management on the basis of books of accounts prepared by accountants.
auditing begins where accounting ends,means job of Chartered accountant is to Verify the True and Fair View of Financials and to express an opinion thereof.
This is the basic reason why Chartered accountants are prohibited (Refer to Code Of Ethics) by Institute of Chartered Accountants of India from providing Book keeping and accounting services.You cannot simply audit the financials and books prepared by yourself.
BTW i also liked the answer "The same difference, between between a cat and tiger !!!!"
ACCOUNTANTS
* Participating in planning and budget meeting with corporate individuals to provide recommendations and important information for financial and investment opportunities.
* Ensuring the financial practices follow the guidelines or states and federal laws.
* preparing and paying tax returns for huge coporations.
CHARTERED ACCOUNTANTS
*Accountants need to ensure that all transactions follow the guidelines stated in the local and federal law.
*Chartered accountants need to provide reliable information about all financial records.
*A chartered accountant has more opportunities to other accountant.