02 October 2007
Respected Sir, I had cleared PE-II in Nov 2006, now i am doing my articleship with a ca firm. Sir my query is about the industrial tranning. When & how I can start the industrial tranning? Is there any eligblity for that? where it can be start? and finally how it will help my career?
First of it is not necessary for a CA student to compulsorily undergo industrial training.
It is an opportunity during articles period to a student who has not obtained adequate practical knowledge about Industrial practices.
You can take it up at any time during your 2nd/3rd year of articleship after consulting with your Principal CA.
You (PE II Student - in 2nd year of articleship) is eligible for Indl Trng.
But please note that nowadays commercial companies offer industrial training to CA student with sole intention of getting their work quickly done by students like you doing over time.
In regular artilcleship you can get exposure of Income Tax/VAT/Co Act/Factories Act/Service Tax/Excise/FEMA/Customs/Fin Projections/Internal & Concurrent Audits/Bank & Insurance Audits/Stock Audits with legitimate time for your study, subject to some exceptions. But industrial training is to be in one industry, that too on one narrow area only. Please enquire in detail about your scope before joining with any industrial company for indl trng.
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