Quick Summary
The Institute of Chartered Accountants of India (ICAI) is preparing to introduce the Prime Minister Internship Scheme (PMIS) for Chartered Accountant firms. The initiative is expected to provide structured internship opportunities while also strengthening the professional ecosystem for young aspirants entering the field. The announcement was made by ICAI President CA Prasanna Kumar D, who indicated that the scheme could be rolled out in the coming months, subject to necessary approvals and impl
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FAQ :
The PMIS is an initiative by ICAI to provide structured internship opportunities for Chartered Accountant students within CA firms, offering practical exposure in accounting, auditing, taxation, and advisory services.
Both CA students, who will gain valuable practical experience, and CA firms, which can onboard interns to help address increasing professional and compliance requirements, will benefit from the scheme.
ICAI is proposing amendments to its Code of Ethics to allow limited forms of advertising and professional outreach by CA firms, while still maintaining the dignity and integrity of the profession.
Under the proposed changes, CA firms may be allowed to advertise their services within specified ethical boundaries, publish information about their expertise, and improve professional visibility through approved communication channels.
These initiatives align with the government's focus on promoting skill development and creating employment opportunities for young professionals by encouraging industry participation in training and internship programs.
The PMIS and revised Code of Ethics are expected to enhance practical learning for students, improve visibility for firms, and help the profession adapt to changing business realities while upholding ethical standards.
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