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?

Restricted Entry

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.