Can I Start an Articleship During My Final Year of Under the Direct Entry Scheme for Chartered Accountancy (CA) in India?
Yes, you can begin your articleship during your final year of Bachelor of Commerce () under the direct entry scheme for Chartered Accountancy (CA) in India. The Institute of Chartered Accountants of India (ICAI) has set specific rules allowing students to register for the CA course and commence their articleship after completing their graduation with a minimum percentage of generally 55%.
Important Points to Consider
To ensure a smooth transition into the chartered accountancy profession, prospective CA students should keep the following points in mind:
Registration
To start your articleship, you must first register for the CA course and complete the necessary formalities. These formalities typically involve submitting required documents and paying the registration fees.
Duration
The articleship period should last for a minimum of three years. It is crucial to note that your articleship can only commence after you have successfully undergone the necessary formalities and registered for the CA program under the direct entry scheme.
Examinations
Even though you can begin your articleship during your final year, you still need to pass the required CA exams, such as the CA Intermediate, to progress in the CA program and continue your study journey effectively.
Workload
Balancing your articleship with your final year studies can be demanding. It is essential to manage your time and workload efficiently to avoid burnout. Consider discussing your plans with your mentors and peers for better guidance.
Eligibility Requirements for Direct Entry Scheme
graduates with an average of 55% or more are eligible to register for the CA Intermediate course as Direct Entry Students. After registration, they should complete the 4-week course on ICITSS ( Indian Chartered Accountancy ITT (Information Technology Training) for Students) and then join the articleship.
For graduates or postgraduates with an average of 60% or more, the eligibility requirements are similar. They can also register for the CA Intermediate course and comply with the same steps.
Job Opportunities
Candidates seeking an articleship can send their resumes to the email indicated on the ICAI profile. The positions are currently available under the current scheme, but a new scheme is proposed and will be effective soon. Under this new scheme, CA students will only be able to join articleship after clearing both groups of the CA Intermediate examinations, regardless of the route they choose.
sstreamwing your Graduation, Then Registering for Articleship
It is essential to clear your graduation exams before you can register for an articleship. After passing your final exams, you will be eligible to enroll for the articleship. Prior to your articleship registration, you will need to complete the Information Technology Training (ITT) and an Orientation Course (OC) which can be completed during your final year of graduation.
Considering the global pandemic, ICAI has initiated an online, home-based ITT/OC course. You can take this course from the comfort of your home.
To summarize, ensure to complete your graduation, pass the required exams, and adhere to the necessary guidelines set by ICAI. Seek advice from mentors and stay updated with the latest information.
For more information and the most accurate and updated guidelines, please check the ICAI's official website or consult with a CA mentor.