Chartered Accountants – Astrology

“He who will not economize will have to agonize” – Confucius

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The less we can owe others, the better off we will be – is a lesson we learnt in today’s economy. We are living in a time where it is no one else’s responsibility to care for us – be it our government, company, parents or children. Millions of parents find themselves struggling to make ends meet despite hard work. Even a full-time job is no guarantee of economic security. Politicians, policy makers, agriculturists and business houses and various players participate in the making of the economy.

The Chartered Accountants are the backbone of the economy since their duties are to maintain accounts and conduct audits of the public sector and private sector firms, thereby generating revenues for the country. For strategic business growth the professional accountants have a key role in economy as they are involved deeply in all financial budgeting, policy-making and taxation process of the country. Here is our astrological survey on chartered accountants to whom our economy owes a lot.

Ancient Economic Thought

Economics was not considered a separate discipline until the nineteenth century. Many Greek writings of Aristotle and Xenophon show understanding of sophisticated economic concepts. Aristotle’s main contributions to economic thinking concern the exchange of commodities and the use of money in this exchange. The earliest known treatise on economic principles in India is the Arthashastra, by Chanakya. It was the ‘Science of political economy’, in Sanskrit. Many of the topics in the Arthashastra are still prevalent in modern economics, including its discussions on the management of an efficient and solid economy and the ethics of economics. Arthashastra specified fines and punishments to support strict enforcement of laws. Wang Anshi was one of the greatest economic reformers in China belonged to the medieval ‘Song Dynastry’. Persian philosopher Nasiral – Dinal – Tusi (1210-1274) presented an early definition of economics called hekmat-e-madani. In the early period, economic thinking converged onto several basic items such as how to make agricultural production more efficient and how to make markets, tax policies and other monetary instruments transparent and free from corruption, usury and other practices that would otherwise destroy the well-being of ordinary law-abiding people on which strong and unified states were built.

Chartered Accountants

chartered accountant Charlie Mc Creevy
They work in all fields of business and finance, including audit, taxation, financial and general management. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.

In the UK there are no license requirements for individuals to describe themselves as accountants. But to use the description ‘Chartered Accountant’ they must be members of any of the organizations such as the Institute of Chartered Accountants in England and Wales (ACA, FCA) Chartered Accountants Ireland (ACA) or the Institute of Chartered Accountants of Scotland (CA). The three institutes above admit members, who become Chartered Accountants, only after passing examinations and undergoing a period of relevant work experience. Chartered Accountants who engage in public practice work must gain a ‘practising certificate’ by meeting further requirements such as purchasing adequate insurance and undergoing regular inspections. If they hold practicing certificates, they will be ‘Registered Auditors’ and they demonstrate the necessary professional ability in that area. A registered auditor is able to perform statutory financial audits in accordance with the Companies Act 2006.

The CICA is one of the accounting bodies whose members qualify to become US CPAs through writing the International Qualification Examination. In India, the profession of Chartered Accountancy is regulated by the Institute of Chartered Accountants of India under the Chartered Accountants Act of 1949.

Auditor’s Report

It is a formal opinion issued as a result of an internal or external audit performed on a legal entity. The report is subsequently provided to a user – be it an individual, a group of persons, a company or even the general public, as an assurance service to take decision. It is important to certify the auditees information in order to attract investors, obtain loans and improve public appearance. There are four common types of auditor’s reports such as unqualified opinion, qualified opinion report, adverse opinion report and disclaimer of opinion report.

Planetary combinations for Chartered Accountants

Mercury plays a major role for accounts and auditing skills. In a horoscope if Mercury is a beneficial planet and well placed and if Mercury is close to Lagna or it has a link with Chandra, he involves in accounts and auditing work.

If the dasa period is linked with Mercury he could pass CA exams and perform the Chartered Accountant work.