FAQ

1.    Why become a CA ?

Being a professional chartered accountant (CA),opens the door to a vast range of exciting , rewarding and prestigious career opportunities. In every sector of business and finance, Chartered Accountants are leading business professionals, providing essential strategic guidance, expertise and consulting in business, public practice, government and education.


2.    Who are Chartered accountants and what do they actually do?
Chartered accountants are the professionals designated by the regulatory body of the nation [ICAN] who are the experts to deal with the areas of accounting, auditing, cost and management accounting, taxation matters, legal matters and management consultancy in both private and public sectors.

CA provides a wide range of services like:

  1. Start up counseling, management consulting
  2. Business valuation for sale and purchase of business.
  3. Business planning , Budgeting and financials projections.
  4. Development of Strategies for securing the business goal
  5. Corporate and Income tax planning
  6. Assurance[Audits and Reviews], Forensic Auditing and Litigation support.
  7. Acting as a trustee for receivership , insolvency, bankruptcy
  8. Developing management controls and accounting software’s
  9. Cost Estimates and Cost accounting 
  10. Financial /Tax Accounting 

3.    Which is the university imparting CA education?

CA isn’t an academic rather a professional course thus, every country has its autonomous body established under the Act of Parliament, like The Institute of Chartered Accountants of Nepal (ICAN) for Nepal. Students have to get registered with the above mentioned board and may take private coaching classes.


4.    What is ICAN?
ICAN stands for The Institute of Chartered Accountants of Nepal, an autonomous body established under Institute of Chartered Accountant Act, 1997, enacted by parliament of Nepal to regulate CA profession in Nepal.


5.    What is the eligibility for studying Chartered Accountants?

Students who have cleared or appeared in final year of 2 or intermediate level in any stream can study Chartered Accountancy starting from CAP I (Foundation). However, Students who have already passed bachelors with the prescribed percentage may directly join CA CAP II level under ICAN.

Note: Students awaiting their 2 or Bachelors result can get registered provisionally, provided submission of proof of passing to the Board within 6 months of registration otherwise registration will be cancelled.