CA students have to undergo prescribed mandatory training at Intermediate and Final levels. ICAI is having a robust Training Scheme to groom CA students to acquire and apply the knowledge, skills, abilities, develop professional expertise by working under an actual practicing chartered accountant
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Articleship is a mandatory practical training for students pursuing the Chartered Accountancy (CA) program. During this period, CA students work under the guidance of a practicing Chartered Accountant for a minimum of three years, and gain hands-on experience in various areas of accounting, auditing, taxation, and financial management.
The articleship program is an essential part of the CA curriculum, as it helps students to apply the theoretical knowledge they have gained in the classroom to real-life scenarios. It also provides an opportunity for students to develop important skills such as communication, teamwork, problem-solving, time management and stories for life time.
Eligibility for articleship depends upon the route through which a student is doing CA. Foundation Route Students become eligible after passing either or both groups of CA Inter and completing ITICSS traning whileas direct entry route students become eligible for articleship after completing ITICSS traning
It is important to note that foundation route students start their articleship after clearing ca inter while direct entry students start their articleship before their ca inter exams.
To commence articleship ca students have to purchase Form 102 and 103 from the ICAI with the payment of Rs 50/- from ICAI and fill all the requisite details asked in the form.
Although, Form 102 and 103 can also be downloaded from the ICAI website (free of cost) for registration of articleship in such a scenario one has to pay Rs 50/- extra while submitting the form to the regional office. You can download Form 102 and 103 from the given link - https://www.icai.org/post.html?post_id=718
Registration for Deed of Articles
Statement of Particulars to be submitted for Registration as an Articled Assistant
Form 103 – Statement of Particulars are required to be submitted in three copies from which one copy has to be submitted to the ICAI, one copy should be retained by the principal and the last copy should be retained by the article assistant.
A candidate has to submit the copy of Form 103 to the ICAI along with prescribed documents which are mentioned below –
All the above documents should be attested by the practising Chartered Accountant under whom the articleship training will begin by the student i.e. the Principal.
Registration Form 103 must reach the ICAI within 30 days of the commencement of articleship.
The candidate can commence his practical training by submitting Form 103 along with a Demand Draft with the requisite fees.
| Articleship Registration Fees | ₹ 2000/- |
Demand Draft must be in the name of “Secretary, The Institute of Chartered Accountants of India” and shall be payable at Mumbai/ Kolkata/ Chennai/ Kanpur/ New Delhi depending on the region.
Unfortunately, CA students who did not submit Form 103 within 30 days then the Form should be accompanied by a handwritten application in which candidates have to state the reason for the untimely submission of the form. The application should be duly signed by the article assistant and the principal referred to as a Condonation of Delay.
Besides the application, one has to submit the late submission fee which is as follows –
| Time of Postponement | Late Fees | 30 days beyond the specified time period | ₹ 100/- | 31-180 days beyond the specified time period | ₹ 300/- | Beyond 181 days | ₹ 1000/- |
Once candidate submit the application for “Condonation of Delay”, ICAI will accept the form without any inquiry but in some doubtful cases, it may ask for the following documents –
Students must carefully note that, if one wants to pursue another course with Articleship such as B.com or CS then you must take permission from ICAI within one month through the submission of application in Form 112.
You will find an identity card in Form 103 which should be duly filled with the requisite details and the latest passport size photograph should be affixed on such. The identity card should be duly signed by the candidate and principal at the appropriate places.
The card should be submitted to ICAI along with Form 103 which then will be returned by ICAI with the registration letter.
This card is mandatory to be submitted and will be valid for a period of three years starting from the date of registration.
Choosing the right articleship is an important decision for CA students as it can have a significant impact on their career prospects. Here are some factors to consider when choosing an articleship firm:
Ultimately, the decision on choosing the right articleship should be based on your career goals, personal preferences, and the opportunities that the firm can provide to enhance your learning experience and career prospects. Also talking to seniors on this topic becomes very valuable.
The articleship period lasts for three years. The working hours being 11 A.M to 6 P.M.
However the exact timings of the work can vary depending on the requirements of the employer and the client. In some cases, students may have to work for longer hours during the peak season, such as during the tax filing season or the audit season.
CA Articleship stipend varies from one firm or company or city to another firm or company or city. The benchmark rates of the stipend amount established by ICAI is different for all 3 years and are as follows on the basis of population of citites/towns:
|
CA Articleship Stipend/ Salary |
1st Year | 2st Year | 3rd Year |
|---|---|---|---|
| Cities/Towns with Population >/= 20 Lakhs |
₹ 2,000 | ₹ 2,500 | ₹ 3,000 |
| Cities/Towns with Population between 4 and 20 Lakhs |
₹ 1,500 | ₹ 2,000 | ₹ 2,500 |
| Cities/Towns with Population < 4 Lakhs |
₹ 1,000 | ₹ 1,500 | ₹ 2,000 |
There is no higher limit specified by ICAI for the payment of stipend to articles. Accordingly, stipend in Big 4 firms ranges from INR 10,000 to INR 20,000 usually.
Managing college, articleship and studies for the CA final exam can be challenging, but it is possible with effective time management and planning. Here are some tips that can help:
Remember, effective time management, discipline, and perseverance are key to managing college, article ship, and studies for the CA final exam. With the right mindset and approach, you can achieve your goals and succeed in your CA career.
An articleship at one of the Big Four accounting firms (PwC, Deloitte, EY, and KPMG) is a highly sought-after opportunity for Chartered Accountancy (CA) students. These firms are well-known for providing their Articleship trainees with excellent training and exposure.
Obtaining an Articleship at one of the Big Four firms, on the other hand, is extremely competitive and necessitates a strong academic record as well as excellent communication skills. Furthermore, Big 4 firms frequently employ a rigorous recruitment process that includes multiple rounds of interviews and assessments.
If you want to work as an articled clerk for a Big 4 firm, you should first research their recruitment process and requirements. Many of these firms have dedicated campus recruitment programmes that visit colleges and universities in order to hire CA trainees. You can also look for open positions on online job boards and the official websites of these companies.
It should be noted that obtaining an Articleship with a Big 4 firm does not guarantee success in the CA course or a successful career in the accounting profession. Working hard and learning as much as possible during the training period is essential for gaining the necessary skills and expertise to become a successful Chartered Accountant.
Advanced Finder Coming soon.
AICITSS - Advanced Integrated Course on Information Technology and Soft Skills, are other trainings that are to be done after clearing CA Intermediate exams and in last two years of articleship training.
