What is the difference between Chartered Accountant & Company Secretary?

Asked 16-Oct-2021
Updated 16-Oct-2021
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If you're looking to pursue a career in finance or accounting, you may be wondering what the difference is between a Chartered Accountant (CA) and a Company Secretary (CS). Both roles are critical in financial management, but there are some key differences between the two.

A Chartered Accountant is a professional who provides financial services, including auditing, taxation, and financial advisory. They are often employed by accounting firms, but can also work independently .Chartered Accountancy is a course offered by The Institute of Chartered Accountants of India (ICAI). The course is of 3 years duration which can be completed by appearing for the CA exams conducted by ICAI. The course is divided into 2 parts – the first part is the foundation course which is of 8 months duration and the second part is the professional course which is of 2 years duration.

A Company Secretary is responsible for the administration and management of a company's affairs. They are responsible for ensuring that the company complies with all relevant laws and regulations, and that its financial records are accurate and up-to-date. Company Secretary is a course offered by The Institute of Company Secretaries of India (ICSI). The course is of 3 years duration which can be completed by appearing for the CS exams conducted by ICSI. The course is divided into 2 parts – the first part is the foundation course which is of 8 months duration and the second part is the professional course which is of 2 years duration.

What is the difference between Chartered Accountant & Company Secretary?

So, what's the difference between a Chartered Accountant and a Company Secretary?

  • A Chartered Accountant is responsible for financial reporting, taxation, auditing and financial management. They may also provide advice on financial planning and investment. A Company Secretary is responsible for company law, corporate governance and compliance. They may also be involved in HR, marketing and finance.
  • CA is a 3 years course which can be completed by appearing for the CA exams while CS is a 3 years course which can be completed by appearing for the CS exams.
  • Another key difference is qualifications. To become a Chartered Accountant, you'll need to complete a professional accounting qualification, such as the Chartered Institute of Management Accountants (CIMA) or the Association of Chartered Certified Accountants (ACCA). There is no specific qualification required to become a Company Secretary, but most have a degree in business or law.
  • Another difference between the two roles is the focus of their work. Chartered Accountants are focused on financial reporting and management, while Company Secretaries are focused on corporate governance and compliance.

Both roles are essential to the running of a successful business. If you're interested in a career in either profession, it's important to research the role and understand the key differences.