CA SHUBHAM JAIN - There are no shortcuts to becoming a CA

By BWA Envoy
July 01, 2022
2 Minutes Read

Meet CA Shubham Jain, a Senior Consultant in Financial Reporting Advisory with a leading global organization for independent audit, tax, and advisory firms. Being a part of a large corporate accounting firm Shubham works with varied clients like renewable energy companies, NBFCs, pharmaceuticals, SAAS services, gaming, and the hospitality industry. Being up to date with technology forms a crucial part of his analysis. For day-to-day financial analysis, he works on the MS Excel platform, and for more in-depth financial analysis, he develops macro-enabled files using VBA coding.

As a student, Shubham was sure that he did not want to pursue a career in science. He was drawn toward commerce and finance and ultimately decided to pursue a career as a Chartered Accountancy. His passion for the subject got further ignited while visiting client sites with his father and understanding the ropes.

During our chat, he shed some light on the types of challenges he faced as a student - "CA is not that easy, and there is no doubt about that - it takes hard work and efforts for five years to become a CA. To qualify as a CA, one must successfully pass the foundation, intermediate and final exams. There is no shortcut in-between". He added, "in comparison to CPT, articleship is quite challenging to be managed along with the preparation so, all in all, it is time-consuming and needs a lot of effort".

Shubham has been able to assist his clients in taking charge of their finances to achieve their financial goals, "Most of my clients are unaware of the applicable accounting and financial laws. With my expertise, I have been able to guide my clients to understand the complex Indian accounting structure and manage their finances." When asked whether CAs need to go beyond their assigned roles, he said, "while conducting audits, we have to deep dive into the matters to identify whether there is any error or misrepresentation in the financial statement." According to Shubham, it is prudent for small businesses to get a rating from a reliable rating agency, as it helps potential lenders and creditors determine whether to lend or provide credit.