What are the powers of a chartered accountant?

CAs conduct statutory, tax, and internal audits, providing assurance on financial records and statements.

Audit and Assurance:

CAs excel in tax expertise, offering advisory, planning, filing, and representation services.

Taxation:

CAs certify financial statements, ensuring compliance with accounting standards, Companies Act, and relevant regulations and laws.

Financial Reporting and Compliance:

CAs offer expertise in financial and business matters, aiding in planning, investments, risk management, and strategic decisions.

Consultancy and Advisory:

CAs, empowered by the Insolvency Code, act as IPs for resolution tasks.

Insolvency and Bankruptcy:

CAs represent clients before tax, GST, and regulatory authorities, aiding compliance, records, and legal requirements.

Representation and Compliance:

Specially trained CAs conduct forensic audits, investigate financial frauds, and offer expert opinions in legal proceedings.

Forensic Accounting and Investigation: