ICAI has launched Committee to revamp CA course (Education & Training).On the baseof Commitee reports , CA course will be changed as being done previously which is normal practice of ICAI.
As per the current prevailing rules , all CA students need to undergo compulsory training of three years.But as of now due to fast changing age and information technology effects in all the cornors, three years of training has become huge and cumbersome also. The following can be recommended for changes in Training pattern;
a) CA Training can be of two years only (Without any break like for GMCS, Exam leave and full time)
b) Banking /Financial/NBFC/Listed Company(thresh hold of Turnover of 500 crs can be fixed) can also impart also articleship Training, if they have employed CA in Accounts and Finance .Date base of such organisation should be maintained by ICAI> But it should not open to all firms/Companies.
c)Traning should be before Final Exam .
d) CA should be of total 5years after plus two (Two years for robust traning and Two years for theoratical studies, six month for exam and six months for residentail GMSC training)
e) After Qualifying CA final ,six months residentail training in Business Managemen,ERP,Communcation ,Internal Reporting and Finance control can be made compulsory.
In nutshel , duration of CA course should be comfortably of five years which should iclude compulsory and full time training of two years and Three years for theoratical studies ,exam, ITT and GMCS.
Pls share views on following link of ICAI;
https://fb.icaionlineregistration.org:8080/FeedbackForm/Maindashboard.aspx
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