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Since TOPP (Training Outside Public Practice) originated, a great number of members earned the designation Chartered Accountant with no knowledge or experience in Auditing. These Chartered Accountants specialise in financial management and almost exclusively act as financial directors or managers for large corporations.
The term Chartered Accountant came to be used in place of Indian Registered Accountants.
It is a statutory autonomous body established under the Chartered Accountants Ordinance 1961. With the significant growth in the profession, the CA Ordinance and Bye-Laws were revised in 1983.
Source: Wikipedia > Chartered Accountant
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