CHENNAI: With increasing regulatory scrutiny and governance standards, the demand for chartered accountants ( CAs ) to help navigate business is at an all-time high, data from placement records of the Institute of Chartered Accountants of India (ICAI) showed. Accenture Alstom , Barclays Global Services Flipkart , Amazon, ITC and ANI Technologies (Ola) are some of the companies that hired CAs from ICAI campus placements this time. ICAI said there was high demand for CAs from the banking sector too.“This placement programme has attracted the highest ever participation from recruiters, offering most positions since the inception of the institute,” ICAI president Prafulla P Chhajed told TOI.The introduction of reforms like GST and the overall increase in economic activity have increased the demand for CAs in the business world from companies. However, average salary packages — at Rs 7.43 lakh — saw a marginal dip on the back of bulk recruitment by few companies.ICAI’s placements process first began in 1995 and nearly 30,000 CAs have entered the industry through this route during the years 2006 to 2018, ICAI said. As of July 2018, ICAI had more than 2,82,000 member CAs, with over 7,25,000 students pursuing the course.

Source: Economic Times May 03, 2019 05:56 UTC