Know Here All You Need To Know About CA Articleship
Articleship
is an essential part of the chartered accountancy (CA) curriculum
where you gain practical experience of your role as a CA. You can
pursue CA
articleship
only after clearing the IPCC and ICITSS courses. The role of a CA has
undergone a dynamic change in the 21st century, thanks to
liberalisation of the economy and new business challenges.
You need to
register for CA articleship by filling up Form 102 and Form 103, both
of which can be downloaded from the website of ICAI. You need to send
Form 103 to ICAI within a stipulated time, failing which attracts a
penalty.
Chartered Accountant articleship duration is of 3 years out of which it's mandatory to
complete the first two years under a practicing CA, running his own
firm. In the last year, you can opt for training under a CA in
employment, which is known as industrial training.
It's
essential to choose a Chartered Accountant firm of repute to broaden your knowledge and
expertise. You can also choose to transfer your CA
firm if you aren't happy with the training received. This,
however, is possible only during the first year of articleship by
submitting Form 109 to ICAI.
As an
article assistant, you need to work for a minimum period of 35 hours
in a week. In case you need to stretch, the number of aggregate hours
can't go beyond 45 hours for which you will be entitled to
compensatory leaves. Also, you can avail leaves equivalent to 1/6th
of the articleship period.
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March 26th, 2019