Question

To become a Chartered Accountant in India, a candidate has to clear a specified examination conducted by the Institute of Chartered Accountants of India. Which Characteristic of management as a profession is highlighted in the above statement?

• A. Ethical code of conduct
• B. Professional Association
• C. Well defined body of knowledge
• D. Restricted entry

Hint:

The presence of a professional association ensures that the profession maintains high standards and governs the entry of new professionals.

Answer 1

The Correct Option is B

The requirement for candidates to clear a specified examination conducted by the Institute of Chartered Accountants of India highlights the importance of Professional Association in management as a profession. It shows that a recognized body governs the profession, ensuring the integrity and standards of practice.