20 July 2024
Yes, a student who has passed IPCC (Integrated Professional Competence Course) Group 2 is eligible to start their articleship training. Here are the key points regarding eligibility for articleship:
1. **Completion of IPCC**: Passing both groups of IPCC is not mandatory to commence articleship. Students who have passed either Group 1 or Group 2 of IPCC are eligible to start their articleship training.
2. **Articleship Eligibility**: According to the guidelines of the Institute of Chartered Accountants of India (ICAI), students can register for articleship after passing either group of IPCC.
3. **Registration Process**: To start articleship, students need to register with a practicing Chartered Accountant (CA) or a firm of CAs for practical training. The registration process involves submitting relevant documents and forms to ICAI.
4. **Duration of Articleship**: The articleship period for CA students is typically three years, during which they gain practical experience in areas like audit, taxation, accounting, and other related fields under the supervision of a qualified CA.
5. **Completion Requirements**: To become a Chartered Accountant, students must complete both groups of IPCC and undergo the required practical training (articleship). Additionally, they need to pass the CA Final examination.
Therefore, passing IPCC Group 2 makes a student eligible to start articleship and gain practical experience under the guidance of a practicing CA, which is an essential step toward becoming a qualified Chartered Accountant.
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