Chartered Accountant
100 Points
Joined September 2015
I think the objective of ICAI is not to give practical training to students, but to supply "CHEAP LABOUR" to the Members, so that they can fill their stomachs.....
For E.g., One can commence his Articleship as soon as he clears Group I Of IPCC, But many are there who are not able to clear Group II Of IPCC, since pass % of Group -II is lower. ICAI Knows this that pass % of group II of IPCC is high, there will more students in CA FINAL (Hence, No of members will increase, even if pass % of final will be low, thereby creating excess supply). Hence, it has made the rule that articleship can be commenced after clearing group 1 of IPCC, result being:
1. MEMBERS GET A NEW SLAVE TO WORK FOR 3 YRS
2. SINCE GROUP 2 OF THE STUDENT IS NOT CLEARED, HE CANNOT APPLY FOR FINALS, DEMAND SUPPLY IS MAINTAINED!!!!!
In this way, ICAI exploits the students....!!!!! ARTICLESHIP SHOULD BE ALLOWED TO COMMENCE ONLY AFTER CLAERING BOTH THE GROUPS OF IPCC!!!!!