Articleship/it

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Querist : Anonymous

Querist : Anonymous (Querist)

07 November 2012 What is the structure for Artcileship and Internship?

Can one complete Articlehsip for 2 years and then do a One year Industrial Training?

Is age a factor ie do the big 4s have any preference in terms of older or younger candidates?

thanks

Amol S Joglekar

Amol S Joglekar (Expert)

07 November 2012 As is rightly said in banking good money drives away bad money..... same postulate is followed in articleship era as well. Good articles are always with BIG4s or 5s. For that age is really no bar.

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Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2012 Another question sir...do the Big 4s consider candidates who have just passed group 1 of IPCC?

Ajay Mishra

Ajay Mishra (Expert)

08 November 2012 Hi

INDUSTRIAL TRAINING
Industrial training is a training scheme by which a student can undergo practical training within an industrial undertaking having specified amount of fixed assets or turnover or paid-up share capital. Industrial training can be commenced during the last one year of articleship. Industrial training can be performed in financial, commercial, industrial undertakings with minimum fixed assets of Rs.1 crore; or minimum total turnover of Rs. 10 crore; or minimum paid–up share capital of Rs. 50 lakhs; or such other institutions or organization as may be approved by the Council from time to time. The period of industrial training may range between 9 months and one year. The industrial training shall be received under the member of the Institute. An associate who has been a member for a continuous period of at least 3 years shall be entitled to train one industrial trainee at a time and a fellow shall be entitled to train two industrial trainees at a time. There should be an agreement of industrial training in Form No.104. On satisfactory completion of industrial training by an articled/audit assistant, the associate/fellow member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone. It is required to maintain details of work undertaken and training received in the prescribed format.

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