Financial Reporting and Analysis:Chartered Accountants are responsible for preparing accurate and timely financial reports. This includes the creation of financial statements such as balance sheets, income statements, and cash flow statements. They analyze financial data to provide insights into the financial health of an organization.
Auditing:CAs often play a crucial role in conducting audits. This involves examining financial records, internal controls, and compliance with accounting standards and regulations. External auditors provide an independent assessment of a company's financial statements to ensure transparency and accuracy.
Tax Planning and Compliance:Chartered Accountants assist individuals and businesses in effective tax planning. They stxe2x80xa6
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