Difference Between Tax Practitioners & Chartered Accountants

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Tax practitioners and chartered accountants are two very different types of positions. Find out about the difference between tax practitioners and chartered accountants with help from an accounting professional in this free video clip.

Part of the Video Series: Accounting & Finance
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Video Transcript

Hi, I'm Lori Greer from Atlanta, Georgia, and I'm here to explain the difference between a tax practitioner and a chartered accountant. A chartered accountant is defined as an accountant in the subsection two of section 288 of the income tax act. The income tax act 1961 contains a number of provisions which require audit for tax purposes. Mainly the chartered accountants do the business of accounting, bookkeeping and tax audit. Also chartered accountants can sign audit reports and other related documents. Their signature is valued where as under income tax tax consultants do not have the authority to sign on the documents. Again, I'm Lori Greer from Atlanta, Georgia, and that's the difference between tax practitioner and a chartered accountant.


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