What is a Chartered Accountant

Chartered accountants were the first accountants to form a professional accounting body in the world, initially established in Britain in 1854. The Institute of Chartered Accountants in Australia (ICAA) is the professional accounting body representing Chartered Accountants in Australia. ICAA was formed with the granting of a Royal Charter on 19 June 1928.
The Chartered title shows the highest standards of ethical, professional and technical expertise. To qualify as a Chartered Accountant, you have to gain and maintain one of the toughest professional accountancy and finance qualifications, so only the best succeed.
Chartered Accountants audit 100 per cent of the Top ASX-listed companies in Australia. It is a founding member of the Global Accounting Alliance (GAA). The Alliance facilitates a co-operation between 11 of the world's leading professional accounting organisations. As a GAA member, the Institute has reciprocity agreements with the following: The American Institute of Certified Public Accountants (AICPA) Chartered Accountants Ireland (CAI) Canadian Institute of Chartered Accountants (CICA) Hong Kong Institute of Certified Public Accountants (HKICPA) Institute of Chartered Accountants in England and Wales (ICAEW) Institute of Chartered Accountants of Scotland (ICAS) Institute of Public Auditors in Germany, Incorporated Association (IDW) The Japanese Institute of Certified Public Accountants (JICPA) New Zealand Institute of Chartered Accountants (NZICA) South African Institute of Chartered Accountants (SAICA)*ICAA and NZICA mergered to form Chartered Accountants Australia and New Zealand (CAANZ) on 31 December 2014.

To become a member of the Institute, Chartered Accountants complete the Chartered Accountants Program. The Chartered Accountants Program is the only professional accounting qualification in Australia that has Graduate Diploma status, reflecting its high academic standard. In addition to successfully completing the GradDipCA, candidates must complete three years full-time experience in a relevant accounting role with an Institute-Approved Training Employer whilst being mentored by an Australian Chartered Accountant or a member of GAA accounting body.
Reference:https://en.wikipedia.org/wiki/Institute_of_Chartered_Accountants_Australiahttp://www.charteredaccountantsanz.com/en/Site-Content/About-CA/Why-become-a-member.aspx#.VZKgEEbj7mkhttp://www.globalaccountingalliance.com/globalaccountingalliance/About