To become a Chartered Accountant in India, a candidate has to clear a specific exam conducted by ICAI.
Which feature of the profession is being revealed?
Answer & explanation
Correct answer: option 1
The correct answer is option 1- Restricted entry.
The entry to a profession is restricted through an examination or through acquiring an educational degree. So, the feature of restricted entry is revealed here.
To become a chartered accountant in India a candidate has to clear a specified examination conducted by the Institute of Chartered Accountants of India.
OTHER OPTIONS
- Well-defined body of knowledge: All professions are based on a well-defined body of knowledge that can be acquired through instruction.
- Professional association: All professions are affiliated to a professional association which regulates entry, grants certificate of practice and formulates and enforces a code of conduct. To be able to practice in India lawyers have to become members of the Bar Council which regulates and controls their activities.
- Ethical code of conduct: All professions are bound by a code of conduct which guides the behaviour of its members. All doctors, for example, take the oath of ethical practice at the time they enter the profession.