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shraddha (Querist)

27 October 2010 Dear all,
I completed CA PE-II in November 2008.because i was undergoing 15 months management training for CS, i could not continue with CA article. Now i want to start with my article. Can you please clarify my doubts;

1. whats the procedure to start article?

2. is it compulsory to work in an Audit firm only for article or can I work in any other firm in the finance and accounts department and show that as my article?

3. is 3 years articleship is compulsory or they reduced time?

4. I am looking for article in chennai.so can you give me some idea as to which place will be better for me to try for articles?

thanks and regards,
CS Shraddha Mishra.

Ajay Mishra

Ajay Mishra (Expert)

27 October 2010 Hi

ARTICLESHIP TRAINING
A student has to undergo articled training for the period of three years along with theoretical education. The entire period of practical training can be served with a practising member or it can be served partly with a practising 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. 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 assistants

Regards

shraddha

shraddha (Querist)

27 October 2010 Thank you Mr. Ajay Mishra Sir for the brief explanation.
In my situation, can I go for Industrial training?
And as I already have a professional degree, can I ask for higher stipend?

Please guide.

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