In the year 2022, Chartered accountants were in high demand. Chartered accountants shine in their profession as their skills are equipped with tenacity, patience, and excellence. This blog engages readers with popular chartered accountants and CA firms in India. CA firms with national and international clients earn high revenue. The big four firms are at the top of the list. The other names that are mentioned here help beginner-level chartered accountants. After completing the CA course, students crack their minds about the best opportunity. This blog reveals the opportunities and qualities that take the firm and professionals high.
Top ten chartered accountants:
The top ten chartered accountants’ names reveal the secret of success to the readers. CA’s final topper for the term of November 2022 is Harsh Chaudhary. He scored 77.25 per cent. The second rank is occupied by shikha jain and Ramyashree with 77.13 per cent. Mansi Agarwal secured a 76.63 per cent score and occupied third place. The toppers from the chartered accountancy course contribute to social and national schemes and business development. Here are the names of the popular chartered accountants from India. These professionals are remembered for their contribution in 2022 year. The names are as follows: CA Man Mohan Kejrwal, CA Kapil Carg, CA Geetika Shrivastava, CA Atul Agarwal, CA Sushil Kumar Mishra, CA Pitam Goel, CA Shiv Kumar Singhal, CA Tarun Kumar, CA Parin Somani, and CA (Dr.) Shakar Andani.
Top ten CA firms in India:
Deloitte is a consulting firm with 200,000 professionals. The company provides risk management advice, tax consultation, audit and financial advisory. The operations are spread over 150 countries. Price water house coopers are a big four firm with a multinational network. It is the second-largest network. The revenue of Deloitte for the year 2022 is 59.3 billion dollars. The revenue of KPMG is reported as USD 3,464 crores. Deloitte has increased its revenue by 19.6 per cent. Deloitte is holding the top position as per the ratings of brand value. There is a growth of 12 per cent every year. By 2030, the firm has plans to achieve the zero target. Ernst Young is the third largest professional around the globe.
The other CA firms with high performance in India are BDO International, Grant Thornton International, RSM International, SS Kothari Mehta and Co., Lodha and co., Sahni Natarajan and Bahl, and Luthra and Luthra. RSM has 3,221 partners and 35,396 staff members. Grant Thornton originated in the UK. This firm has 125 branches. This company generates comparatively high revenue. The yearly revenue is approximately 4.5 billion dollars.
Qualities of a CA firm:
The qualities of a professional have been groomed during education and job. The qualities that speak loud about chartered accountants and firms are as follows:
Chartered accountants are the decision-makers. They need to understand the history of the financial data and numbers. He deals with different departments. Chartered accountants interplay between the departments and financial information.
ICAI released the 12th edition of the professional code of ethics. A chartered accountant’s job is associated with independence, excellence and integrity. Professional ethics tune up the ethical behaviour of the members.
Business communication exhibits strong business relationships. Business communication has oral and written formats. Communication done orally is more effective. Communication is essential for client acquisition and project management. Work culture in Big four accounting firms has exposure to international accounting and international clients. Chartered accountants with good communication skills excel in their profession.
Big four firms offer technical and financial positions to students. PWC offers a data analytics program for college students. PWC has a business development course for aspirants interested in starting a business in Africa. EY encourage the digital marketing skills of the students through the student digital brand ambassador program. This program facilitates learning opportunities for the students alongside the college. KPMG designs workshops and seminars for the technical knowledge of women.
Time management is part and parcel of professional life. Chartered accountants work with a hectic schedule. The annual reports have time specifications. So, time management is a crucial skill of chartered accountants.
The formats and amendments are evolving as per the economic conditions. Updated knowledge about tax laws and amendments helps one understand the job better.
Hard work takes the professional to higher positions. Chartered accountants work for long hours and satisfy the expectation of the client.
CA opportunities in 2023:
In India, there is high demand for chartered accountants. In the big four firms, there is more importance on specialization. Chartered accountants can provide twenty-one types of services. So, their specialization and expert knowledge excel in the big corporates. The scope depends upon the size of the firm and the specialized area of work. The designations of chartered accountants differ according to the specialised area of work. The different profiles are as follows: financial reporting, share valuer, auditor, cost accountants, corporate financing, tax advisor, GST expert, management accounting, company liquidator, management and corporate consultancy. Chartered accountants in India select jobs depending on the following factors:
Salary is the deciding factor in the year 2022. Professionals want to earn a high salary. The economic activity was good in 2022. There was no recession. But professionals fear recession and think about high salaries and job security.
Chartered accountants prefer to work independently in flexible working hours. Chartered accountants in practice get flexible hours of work. Chartered accountants on the job also get breaks and recreation to reduce the stress from the job.
Chartered accountants prefer to work with big-size teams and a large number of clients. Their knowledge and communication skills bring a positive professional climate to the workplace.
Growth in terms of future job roles plays a vital role in the professional journey. Chartered accountants’ past knowledge takes them to high positions. So, they work in a challenging environment. The challenges make them an expert.
2022 is the best year for finance professionals. There was economic activity and moderate growth in all the sectors. Chartered accountants and CA firms have shown high performance in the previous year.