Every work which is being given to us during our articleship is a part of training. It teaches us that there may be times where hardship is there and sometimes when we would be in luxuries. So, it is better not to blame the pattern of CA training. No body knows what is there for them in the future so with this training CA students got a strong base for their future as they are used to of tough conditions. So whether they r from Big firms or small firms it doesnot make any differrence.
It is also true that most of the students in CWA are either qualifieds with another degree and/or are placed somewhere in the corporates so they do not hav sufficient time for studies. And I think considering these facts it is being facilitated by the ICWAI that if a person is working in a Company he can submit a certificate in lieu of Practical Training thereby getting exemption.
The purpose of the forum is not to blame training; but the way it is being rendered in general to common students by majority of ca firms.
Each qualified CA knows very well the importance of training. Very few CA students agree that training should be there. Many say that 3 years training is horrible - it must be curtailed to 2 years and so on....
As CWA students going to Industry training is because of
1. Practicing CWA -scope will be less compare to Industry experience
2. Practicing CWA Members are very less than expected level
3. Cost accounts are not compulsory for all type of Industries as like financial accounts
Previously the CWA training is compulsory for getting Membership. Now only in 2008 syllabus the training is made compulsory for students and also the experience in the specified Industry also accepted as Practical training. So most of the students are like to go the Industrial based training only because of the above 3 reasons and alsogood package of Salary being offered for a candidate finished practical training in industry so number of students taking training with CWA members are very less. So the complaints will also naturally less or nil. But CA training not like that it is compulsory and for attending exams also the term based on the article ship period and because of high scope and number of students also very high and the related complaints also high.
objeactive of traning in both institute was to give practicle knoweledge to its student and it still same. but because of some member, students beleave that it is an injustice which is implemented on them. i too agree with some extend that except to few member, most thinks that articles are cheep labour (who can do anything) provided to them by institute.
One of the reasons for CWA training appears to be better is Flexibility. ICAI says if you do not complete "xxx" years of article training you are not eligible to appear for final. Whereas ICWAI has no such restrictions. Secondly ICWAI allows it's student to opt for training in ANY industry. There are CA's who are working in field other than tax or audit so for those CA’s training of 3 years was almost a waste. Even if someone works in KPO ICWAI accepts it. The point which I am stating here is chartered accountants know that due to policy of ICAI there will be constant supple of Human Resource at a cheaper rate so basically they don’t care at all about articled students. It does not make any difference to their life whether a student to which they are supposed to train is learning something or not.
Another point is ICAI is not allowing any transfer. This proves that institute doesn’t care about students and further more to fool students they have started this puppet association of students here we call WICASA having logo “grow” with us. We as students don’t have any platform at all to share our problems with institute. I was expecting that WICASA thing will at least talk with institute and make them agree that at least 1 transfer in span of 3 years is reasonable.
Please go and check annual report of institute you will find that almost 75% of income comes from student but all this money is spent on chartered. So in following ways ICAI helps it dear members:-
1. Provide human resource at very negligent cost.
2. Take hell a lot of money from student and spent it on members.
One more thing name of ICWAI will be soon changed. Once president signs those bills; name of ICWAI will be changed. And cost accountants can use CMA as suffix.
AND even after this discussion I an 1000% sure ICAI will not do anything. There is only one utility of students to ICAI make HELL a LOT of MOney
All the students must aware of the rights and duties during articleship will bring down the complanits level.For example,we can see most of the questions & query regarding articleship nature from students. So we try to make such awareness to students
I request all CA & CWA firms to come forward and enhance the level of training provided to their article. They are in possession of the future of our finance community. They have a social responsibility of providing a brighter career to all the students. Every student joins a firm with a lot of expectation. They expect to learn all the traits and enhance there knowledge & skill level. We all have a responsibility to try our level best to fulfill their expectations, as we all have reached where we are now bcoz of help of our respective firms, seniors, teachers etc. Now it’s our turn to pay back. Please don’t play with the career of a student as they are the future of India. They have a lot of promises to fulfill, lots of responsibility to handle. They go through a lot of adversity during the tenure of their professional education. We have no right to spoil somebody's career.
If all of us fulfill our responsibilities, I have no doubt that India will be no.1 in terms of finance professional, sooner than latter.
If any of my comments has hurt any one, I sincerely apologize to all.