FAQ - ARTICLE TRAINING

• What is the enabling regulation for articled training?

  A student has to undergo articled training along with theoretical education (namely, Professional Competence Course, Final Course) under Regulation 50 of the Chartered Accountants (Amendment) Regulations, 2006.

• What is the practical training?

  The unique requirement of practical training is instrumental in shaping a well–rounded professional to ensure that students have an opportunity to acquire on–the–job work experience of a professional nature. Such a practical training:
  • Inculcates a disciplined attitude for hard work;
  • Develops necessary skills in applying theoretical knowledge to practical situations;
  • Provides exposure to overall socio–economic environment in which organizations operate; and
  • Develops ethical values.

  The entire period of practical training can be served with a practicing member or it can be served partly with a practicing member and partly in an approved industrial establishment as an Industrial Trainee. The period of such industrial training may range between 9–12 months during the last year of the prescribed period of practical training. Only students of Final Chartered Accountancy Course are eligible for Industrial training.

• What is the eligibility for admission to articled training?

  Under Regulation 45 of the Chartered Accountants (Amendment) Regulations, 2006 a person who –
  has passed the Professional Education (Examination – II) under these regulations; and has successfully
     completed 250 Hours Compulsory Computer Training or 100 Hours Information Technology Training
     Programme is eligible to join Articleship training.
   in addition, a person who has passed Common Proficiency Test held under these regulations and also 10+2
     examination conducted by an examining body constituted by a law in India or an examination recognized
     by the Central Government as equivalent thereto; or has passed the Foundation Examination / Professional

• What is duration of articled training?

  For PCC – 3 ½ years
  For IPCC – 3 Years

• Should the training be completed before appearing in Final Examination?

  For PCC Student – Students should have completed the Articleship of 3.5 Years to appear in Final Exams.
  For IPCC Student – Student should have been serving the last 6 months of Article ship to appear for final exams. (The 6 Months period reckoned from the Date of Exams.)

• What are the objectives of practical training?

  Unique feature of the chartered accountancy curriculum is balanced approach towards theory and training by way of emphasizing commencement of the training at the beginning of the chartered accountancy curriculum and neither a stand–alone theory nor a practice without theoretical knowledge would make a professional successful. Followings are the objectives of the training:
  (a) Developing skills in applying theoretical knowledge to practical situations
  (b) Inculcating a disciplined attitude
  (c) Imbibing due professional orientation
  (d) Developing ethical values.

• Is there any standard training programme?

  A broad training programme has been given in the training guide. However, the Member In–Charge Training (MIT) / Principal will make a detailed assessment of the training environment and offer training scheme to the students in designing the training programme the MIT / Principal considers the following 4 components:
  (a) Categories of Work Experience
  (b) In–House Theoretical Training
  (c) Development of Professional Attitude
  (d) Phasing of Training Programme. Referred to the training guide for various training modules which is not normally expected of training programme but not necessarily a MIT / Principal will offer all such modules.

• Should a student get any stipend during the practical training?

  Yes. A person registered as an articled assistant is entitled to receive a minimum monthly stipend as per the rates specified under the Chartered Accountants Regulations, from time to time. The current minimum rates of monthly stipend payable, depending on the situation of the normal place of services of the articled clerks, are as follows:

• What is the entitlement of leave of an articled assistant?

  A trainee earns leave at the rate of one–sixth of the period actually served by him. Leave due is ordinarily granted, if reasonable notice has been given by the trainee to his MIT / Principal. For detail calculation of the leave refer to Annexure II of the Training Guide.

• Can a student get leave for preparation of the examination conducted by the Institute?

  Yes, in order to prepare for the examinations of the Institute, a trainee is granted leave for a period of 2 months or to the extend of leave due, whichever is less. However, the trainee should make an application for such leave at least 15 days in advance. The days on which a trainee appears for the examination conducted by the Institute (including intervening holidays) are counted as a period on duty.

• Whether undergoing ITT or GMCS will be treated as leave?

  No. A student can join ITT after 3 month of articled training and a final student can undergo GMCS course during last 12 months of articled training. This period will be treated as a part of Articleship and not as leave.

• What is the requirement of working hours per day and per week for an articled assistant?

  An articled assistant shall work 35 hours per week. The MIT / Principal may observe a 5 day week for articled trainees. Therefore, per day working hour in a 5 day week works out to be 7 hours per day. The MIT / Principal may also work in a 6 day week schedule. In such a case, an articled assistant has to work at least 6 hours per day for 5 days and the balance 5 hours on the sixth day. The working hours specified above should not be before 9.00 a.m. and after 7.00 p.m.

• If an articled assistant is required to work more than 35 days a week, can he get any compensation?

  Yes, if an articled assistant is required to work beyond normal working hours, and aggregate of such hours exceed 35 hours per week (excluding lunch break), he/she shall be entitled to compensatory leave calculated with reference to number of completed working hours, over above, 35 hours per week.

• Can the MIT / Principal reject leave application submitted by an articled assistant for appearing in the Institute's examinations?

  NO.

• Can the MIT / Principal reject leave application submitted by an articled assistant for any other purpose.

  Yes. Granting leave for any other purpose is at the discretion of the Principal / MIT. The articled assistant should explain his requirement to the MIT / Principal and proceed for leave after taking his permission.

• How to find out an MIT / a Principal? Who are eligible to train articled assistants?

  Vacancies for articled assistants are available with the Regional Offices and Branch Offices of the Institute.