Chartered accountant designation is worldwide, and it refers to professional accountants who are qualified to take on a number of specific activities within the spectrum of accountancy. Such tasks include auditing financial statements , filing of corporate tax returns and financial advising . While the name is seen around the globe, in the United States, the equivalent position is known as a certified public accountant , or CPA. The professional body that governs this group of accounting workers goes back to 1854 where it was founded in Britain. There are now several associations that act as governing and accrediting bodies for these professionals, such as the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants in England and Wales. Roles of Chartered Accountants in Business A competent professional accountant in business is an invaluable asset to the company. These individuals employ an inquiring mind to their work founded on the