The CA Articleship is an important step towards earning a CA degree because it is a required practical training programme overseen by the Institute of Chartered Accountants of India (ICAI). During this two-year programme, students not only learn theory but also apply it in real-world situations, improving their writing and research skills. They gain firsthand experience with client interactions, work together on class projects, and receive valuable advice from experienced professionals. This experience provides students with the necessary tools to navigate current and future challenges.
The CA Foundation exam is the first step in the process of becoming a Chartered Accountant. It addresses fundamental issues such as accounting, commercial law, general economics, and commercial intelligence. Successfully passing the CA Foundation exam allows students to progress to the next stages of the CA programme, namely CA Intermediate and CA Final.
What is CA Articleship?
The Articleship is the first practical step towards becoming a Chartered Accountant, following the educational framework established by the Institute of Chartered Accountants of India. It involves a thorough examination of accounting, auditing, taxation, and management, providing students with extensive knowledge and experience.
The CA Articleship, which lasts at least two years, serves as a bridge between academic learning and practical application. Students engage with clients and work across disciplines as assistants, guided by experienced mentors. This hands-on experience exposes them to complex professional challenges, preparing them for future positions as qualified Chartered Accountants.
The CA Exam Time Table for 2024 represents a significant milestone in the CA journey, highlighting key exam schedules and the demands of the CA profession.
CA Registration for Articleships 2024
After meeting the requirements, students must enrol in the CA Articleship Training Programme, which is an important step towards becoming a member of the Institute of Chartered Accountants of India (ICAI). The registration process consists of several steps:
Download Forms 102 and 103 from the official ICAI website. Fill out these forms and submit them along with the necessary documents to receive approval. The cost to download these forms is INR 50.00.
- Submit IPCC or IB Merit Sheets showing a minimum grade.
- Attach a scanned copy of the twelfth-grade mark sheet.
- Provide credentials for completing the ITT and orientation programme.
The CA Course is divided into several stages of study, including eligibility tests, various levels of auditing, and practical training. The duration of this course varies from one to four years, depending on the path taken to obtain the California licence. The training and education levels ensure that candidates become competent chartered accountants.
CA Articleship Registration Fees 2024
Applicants for practical training must submit Form 203, along with a draft of all fees. If the fees were already paid at the time of submission, no further payment is required.
The articleship expenses total INR 2000/-. The demand draft should be made out to the ‘Secretary, The Institute of Chartered Accountants of India,’ and payable in Mumbai, Kolkata, New Delhi, Chennai, or Kanpur, depending on the region.
The duration of the professional CPA (Chartered Professional Accountant) course varies depending on whether you choose the foundation or direct entry path. Each course module consists of various stages of theory, examination, practical tutorials, and training, and typically takes several years to complete.
Expected salary/stipend for CA articleship 2024
The stipend rates for ICAI CA Articleship in 2024 vary based on the classification of the normal place of service of the Article Assistants:
Urban areas and villages with a population of 20 lakh or more:
1st year: INR 4,000
2nd year: INR 5,000
3rd year: INR 6,000
Towns and cities with a population of more than 500,000 but less than 200,000:
1st year: INR 3,000
2nd year: INR 4,000
3rd year: INR 5,000
Towns and cities with a population of fewer than five lakh:
1st year: INR 2,000
2nd year: INR 3,000
3rd year: INR 4,000
These stipend rates serve as the basis for compensation for Article Assistants, with their responsibilities determined by the city or town where they are working.
The Eligibility Criteria for CA Articles 2024
The CA Articleship Training is a crucial stage of the CA program, requiring specific eligibility criteria for individuals to participate in this phase of their career development.
Direct Entry Route candidates must meet the following criteria
Candidates from the commerce stream or with post-graduate degrees who achieve a minimum pass mark of 55 percent are eligible for the CA Articleship Training. Those from other streams must have a minimum of 60% and have registered for the CA Intermediate Course.
Additionally, a four-week ICITSS course covering both IT and soft skills is required.
These educational prerequisites ensure that aspirants for the CA Articleship Training have a strong academic background and the necessary skills for successful completion, which is an important step in their journey to becoming Chartered Accountants.
Top 11 Firms for CA Articleships 2024
Here are some of the top firms offering CA Articleships:
- Deloitte India: A global brand offering a wide range of services including audit, taxation, consulting, and advisory on a global scale.
- Ernst & Young (EY) India: Provides internship programs for articleship in audit, tax, advisory, and assurance services, with a strong track record.
- PricewaterhouseCoopers (PwC) India: Offers internships in audit, tax, advisory, and assurance services, with a focus on innovation and technology solutions.
- KPMG India: Provides opportunities for articleships through its global network of audit, tax, advisory, and risk consulting services.
- Grant Thornton India: Known for its dynamic working environment and promotion of professional growth, offering services in auditing, tax, and advisory consultancy.
- BDO India: Offers articleships in auditing, taxation, advisory, or consulting services, focusing on mid-market clients.
- RSM India: Emphasizes client relationships and service excellence, offering articleships to start a career in audit, tax, and advisory services.
- Baker Tilly DHC: Renowned for its qualifications in audit, tax, and advisory operations, serving clients in various sectors.
- Nexia International: A global network of autonomous audit, taxation, and consulting firms offering articleships in audit, taxation, and consultancy services.
- Moore Stephens India: Provides tax, auditing, and advisory services for both local and global entities.
- Crowe India: Offers articleship training in audit, tax, and advisory services, focusing on developing long-term client relationships and service excellence.
Top Courses to Complete Before a CA Articleship 2024
Some of the top courses for an ICAI CA articleship include:
- Chartered Accountancy (CA): This course provides practical training in accounting, auditing, taxation, and other specific subjects under the supervision of a practicing chartered accountant. The high salary package for CAs in India reflects the demand and prestigious position of chartered accountants in the professional world.
- Certified Public Accountant (CPA): A CPA certification enhances your accounting, auditing, and taxation skills, making you more marketable and expanding your career opportunities.
- Company Secretary (CS): Completing a seminar in the Company Secretary Course before your articleship helps you acquire skills in governance, compliance, and legal matters that are essential for CA professionals.
- Cost and Management Accountancy (CMA): CMA certification combines your articleship experience in cost accounting, financial management, and strategic application with its capabilities.
- Diploma in Information Systems Audit (DISA): With technology playing a significant role in auditing, DISA certification provides advanced expertise in IT auditing, which is crucial for contemporary CAs.
- Certificate Course on Concurrent Audit of Banks: This course specializes in the concurrent audit of a bank, bridging the gap between your knowledge of banking operations and risk management.
- Certificate Course on Indirect Taxes: In addition to learning about GST and other indirect tax laws, this course develops your expertise in indirect taxation, tax compliance, and advisory services, which are crucial areas in taxation.
These courses enrich your articleship experience, expand your skill set, and open up more opportunities in the accounting and finance industry.
CA Articleship 2024 Frequently Asked Questions
What is the duration of the CA Articleship programme?
The CA Articleship programme lasts for a minimum of two years, as mandated by the Institute of Chartered Accountants of India (ICAI).
How does one register for the CA Articleship programme?
To register for the CA Articleship programme, candidates must download Forms 102 and 103 from the official ICAI website, fill them out, and submit them along with the necessary documents. Additionally, candidates need to submit their IPCC or IB Merit Sheets, a scanned copy of their twelfth-grade mark sheet, and proof of completing the ITT and orientation programme.
What are the eligibility criteria for the CA Articleship programme?
Candidates from the commerce stream or with post-graduate degrees must achieve a minimum pass mark of 55 percent to be eligible for the CA Articleship Training. Those from other streams must have a minimum of 60% and have registered for the CA Intermediate Course. Additionally, candidates must complete a four-week ICITSS course covering both IT and soft skills.
What are the expected stipend rates for CA Articleship in 2024?
Stipend rates for CA Articleship vary based on the classification of the normal place of service of the Article Assistants. In urban areas and villages with a population of 20 lakh or more, the stipend rates are INR 4,000 for the first year, INR 5,000 for the second year, and INR 6,000 for the third year.
What are some of the top firms offering CA Articleships in 2024?
Some of the top firms offering CA Articleships in 2024 include Deloitte India, Ernst & Young (EY) India, PricewaterhouseCoopers (PwC) India, KPMG India, Grant Thornton India, BDO India, RSM India, Baker Tilly DHC, Nexia International, Moore Stephens India, and Crowe India.
