What after placement?

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"Anant" (Querist)
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29 November 2010 Sir/Madam,

I want to know, what does big firms, mnc's or other employers makes a new chartered accountant do, after they recruit them.
In other words, what is the work that is actually PERFORMED/DONE by a CA for these firms or co's.
Please elaborate comprehensively.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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29 November 2010 No doubt they will give work at various level in the area of accounts, finanace, audit, cost, tax , finanace or other non-traditional areas.

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"Anant"

"Anant" (Querist)
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30 November 2010 Sir, this we all know, but what I really need to know is the JOB PROFILE.
These are the areas, i would like to know the delegations, responsibilites, the complete description of the job work. Plz help.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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03 August 2025 Great question! Here’s a breakdown of what a newly placed CA typically does in big firms, MNCs, or corporate houses — a detailed look at the job profile and responsibilities:
1. Audit and Assurance
Conducting internal and statutory audits.
Checking financial statements for accuracy and compliance.
Testing controls and processes.
Preparing audit reports and findings.
Assisting senior auditors in fieldwork and documentation.
2. Accounts and Finance
Preparing financial statements (P&L, balance sheet, cash flow).
Bookkeeping and ledger maintenance.
Bank reconciliation and managing payments/receipts.
Budgeting and forecasting assistance.
Handling routine accounting tasks and month-end/year-end closing.
3. Taxation
Assisting in tax computation (Income tax, GST, TDS).
Filing tax returns and ensuring compliance.
Helping with tax audits and documentation.
Liaising with tax consultants or departments.
Advising on tax planning basics under supervision.
4. Costing and Management Accounting
Cost analysis and control.
Inventory valuation and management.
Variance analysis for production costs.
Supporting budgeting and cost optimization projects.
5. Financial Analysis and Reporting
Analyzing financial data to identify trends and variances.
Preparing reports for management decision-making.
Assisting in internal MIS reporting and KPI tracking.
6. Compliance and Documentation
Ensuring adherence to corporate laws and regulations.
Maintaining statutory registers and records.
Coordinating with legal and compliance departments.
7. Project Work / Special Assignments
Supporting due diligence during mergers/acquisitions.
Assisting with system audits or ERP implementation.
Participating in process improvement initiatives.
Delegation and Growth Path
Initially, you work under seniors or managers with assigned tasks.
Gradually, you get more independent responsibilities like handling small audits or financial statements.
In some firms, you may rotate between departments (audit, tax, finance) for holistic exposure.
Regular reporting to seniors and attending review meetings.
Soft Skills Expected
Attention to detail and accuracy.
Strong communication (verbal and written).
Ability to meet deadlines and work under pressure.
Team collaboration and learning mindset.

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