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Wednesday, 17 January 2018

Eligibility of Course on Advanced Information Technology (AICITSS)

As a part of the New Scheme of Four Weeks Advanced Integrated Course on
Information Technology Training and Soft Skills (AICITSS) for Chartered
Accountancy Course, a student undergoing practical training shall be required to do
AICITSS during the last 2 years of practical training but to complete the same before
being eligible to appear in the Final Examination. A student can complete the
Course on Advanced Information Technology (AICITSS) from any of the ITT Centres
established at Regional Offices/ Branches/ Chapters of ICAI.

Advanced Information Technology (AICITSS)

About the Course – Course on Advanced Information Technology
(AICITSS)

The Course develops practical skills to understand the intricacies of auditing in ERP
environments, understand the concept of Controls-Based Audit and importance of IT
General Controls (ITGCs) and its impact on assessment of ERP controls, assessment
of application controls and access rights. The Course provides training focused on
application software relevant for the work of a professional accountant including
using Auditing in ERP Environment, Enterprise Resource Planning (ERP), MS Excel as
Audit Tool and advanced features of Electronic Spreadsheet, DBMS etc.

Details lesson plan for ICITSS-Orientation Course

Details lesson plan for ICITSS-Orientation Course  click here

General instructions for ICITSS-Orientation Course


  • Students are required to complete the Course without discontinuity. However, in exceptional circumstances, cases of absence of students for maximum two days or four sessions may be allowed by the Chairman/Secretary of the Organizing Centre. Certificate shall not be issued to the student unless the student completes the course. 
  • Students are required to maintain discipline and decorum apart from adhering to the dress code specified above. For misbehavior/ nuisance in the class, the faculty will have the power to make a note and on the basis of which issue of Programme Completion Certificate may be withheld. 
  • No cameras/ photographs be allowed in the sessions and uploaded on social networking sites.

Online Portal for ICITSS-Orientation Course

Online Portal for OC/ MCS is operational. The organizing centers shall launch the
batches of MCS course through online portal www.icaionlineregistation.org only.
No batches are to be conducted in the offline mode and no certificates are to be
issued through offline mode.
The student registration, student attendance, faculty allocation, faculty feedback,
certificate generation (which has the scanned signatures of Chairman, BOS) are to
done through online mode only. The user manual related to the portal is uploaded
in the website http://www.icaionlineregistration.org.

Dress Code of ICITSS-Orientation Course

Students, while undergoing Orientation Course, shall adhere to the formal Dress
Code as per the local culture and tradition.
Advisory Dress Code:- Male Students: Full Sleeves Shirts and Trousers; Female
Students: Sarees/ Salvar Kurta/ Suit. While appearing before the appellate
authority, they may also wear a suit and a tie.

Penalty clause for student for non Exemption from payment of fees to Disabled Students of ICITSS-Orientation Course

Disabled Students, suffering from 50% or above permanent disability are
exempted from payment of fee and compulsorily attending Orientation Course.
Such students can either opt to (i) attend all the classes or (ii) appear in two test
papers of 3 hours each after a period of 15 days from the date of registration after
thoroughly studying the OC Study Manual. In case the student opts to take the
tests, the Programme Organizing Unit (POU) may contact the Director, Board of
Studies to obtain the test papers.

The following shall be regarded as disability-
1. Physical disability.- 

A. Locomotor disability (a person's inability to execute distinctive activities
associated with movement of self and objects resulting from affliction of
musculoskeletal or nervous system or both), including-

(a) "leprosy cured person" means a person who has been cured of leprosy but is suffering from-
(i) loss of sensation in hands or feet as well as loss of sensation and
paresis in the eye and eye-lid but with no manifest deformity;
(ii) manifest deformity and paresis but having sufficient mobility in their
hands and feet to enable them to engage in normal economic activity;
(iii) extreme physical deformity as well as advanced age which prevents
him/her from undertaking any gainful occupation, and the expression
"leprosy cured" shall construed accordingly;
(b) "cerebral palsy" means a Group of non-progressive neurological
condition affecting body movements and muscle coordination, caused by
damage to one or more specific areas of the brain, usually occurring before,
during or shortly after birth;
(c) "dwarfism" means a medical or genetic condition resulting in an adult
height of 4 feet 10 inches (147 centimeters) or less;
(d) "muscular dystrophy" means a group of hereditary genetic muscle
disease that weakens the muscles that move the human body and persons
with multiple dystrophy have incorrect and missing information in their
genes, which prevents them from making the proteins they need for healthy
muscles. It is characterized by progressive skeletal muscle weakness,
defects in muscle proteins, and the death of muscle cells and tissue;
(e) "acid attack victims" means a person disfigured due to violent assaults
by throwing of acid or similar corrosive substance.
B. Visual impairment-
(a) "blindness" means a condition where a person has any of the following
conditions, after best correction-
(i)total absence of sight; or
(ii) visual acuity less than 3/60 or less than 10/200 (Snellen) in the better
eye with best possible correction; or
(iii) limitation of the field of vision subtending an angle of less than10
degree.
(b) "low-vision" means a condition where a person has any of the following
conditions, namely:-
(i) visual acuity not exceeding 6/18 or less than 20/60 upto 3/60 orupto
10/200 (Snellen) in the better eye with best possible corrections; or
 (ii) limitation of the field of vision subtending an angle of less than40
degree up to 10 degree.
C. Hearing impairment-
(a) "deaf" means persons having 70 DB hearing loss in speech
frequenciesin both ears;
(b) "hard of hearing" means person having 60 DB to 70 DB hearing loss in
speech frequencies in both ears;
D. "speech and language disability" means a permanent disability arising
out of conditions such as laryngec to my or aphasia affecting one or more
components of speech and language due to organic or neurological causes.

2. Intellectual disability, a condition characterised by significant limitation both in
intellectual functioning (reasoning, learning, problem solving) and in adaptive
behavior which covers a range of every day, social and practical skills, including-
(a) "specific learning disabilities" means a heterogeneous group of
conditions wherein there is a deficit in processing language, spoken or
written, that may manifest itself as a difficulty to comprehend, speak, read,
write, spell, or to do mathematical calculations and includes such
conditions as perceptual disabilities, dyslexia, dysgraphia, dyscalculia,
dyspraxia and developmental aphasia;
(b) "autism spectrum disorder" means a neuro-developmental condition
typically appearing in the first three years of life that significantly affects a
person's ability to communicate, understand relationships and relate to
others, and is frequently associated with unusual or stereotypical rituals or
behaviours.

3. Mental behaviour-"mental illness" means a substantial disorder of thinking,
mood, perception, orientation or memory that grossly impairs judgment,

4. Disability caused due to-
(a) chronic neurological conditions, such as-
(i) "multiple sclerosis" means an inflammatory, nervous system disease in
which the myelin sheaths around the axons of nerve cells of the brain and
spinal cord are damaged, leading to demyelination and affecting the ability
of nerve cells in the brain and spinal cord to communicate with each other;
(ii) "parkinson's disease" means a progressive disease of the nervous system
marked by tremor, muscular rigidity, and slow, imprecise movement, chief
ly affecting middle-aged and elderly people associated with degeneration of
the basal ganglia of the brain and a deficiency of the neurotransmitter dopamine.
(b) Blood disorder-
(i) "haemophilia" means an inheritable disease, usually affecting only male
but transmitted by women to their male children, characterised by loss
orimpairment of the normal clotting ability of blood so that a minor would
may result in fatal bleeding;
(ii) "thalassemia" means a group of inherited disorders characterised by
reduced or absent amounts of haemoglobin.
(iii) "sickle cell disease" means a haemolytic disorder characterised by
chronic anaemia, painful events, and various complications due to
associated tissue and organ damage; "haemolytic" refers to the destruction
of the cellmembrane of red blood cells resulting in the release of haemoglobin.

5. Multiple Disabilities (more than one of the above specified disabilities)
including deaf blindness which means a condition in which a person may have
combination of hearing and visual impairments causing severe communication,
developmental, and educational problems.
6. Any other category as may be notified by the Central Government.
A disabled student has to submit a certificate of suffering from disability, certified
by a physician / surgeon / oculist working in a Government hospital, as the case
may be.


Penalty clause for student for non informing about their absence from OC classes of ICITSS-Orientation Course

Students who would not inform about their absence after confirmation of allotment
of a batch, at least 3 days before the commencement of the OC batch, a penalty of
Rs.500/- be imposed to such students w.e.f. 01.04.2015. (No waiver in any case
shall be allowed.)
The organizing center shall collect this penalty from the student in the form of a
Demand Draft of Rs.500/- in favour of Secretary, ICAI payable at New Delhi, and
send it to Board of Studies.

Fees of ICITSS-Orientation Course

The fee shall be Rs.7000/- (Seven thousand only) per student on non-residential
basis, inclusive of course material and tea/refreshment. This fee structure is not
applicable for the students who wish to undergo Orientation Course at Dubai
Overseas office.

Branches which wish to organize residential Orientation Course will follow the
same “Session Plan” similar to regular Orientation Course. The fee for such
programme shall be Rs.20,000/- per student.

The fee for the Programme is non-refundable and may be transferred from one
Programme Organizing Unit (POU) to another, if the student wishes to attend a
batch in another POU in case of some exigency.

Enrollment of students on ICITSS-Orientation Course

All Organizing Centres must adapt a transparent procedure to enroll the students.
The enrolment of students shall be done on “First Come First Serve” basis through
online portal www.icaionlineregistration.org.

Teaching Methodology of ICITSS-Orientation Course Duration

Multiple methods including lectures, case studies, presentations, group
discussions, management games, projects etc. should be used.

ICITSS-Orientation Course Duration

The duration of the course shall be 90 hours (15 days X 6 hours per day). Classes
are held for 6 hours each day for 6 days a week.

The suggested allocation of time among the broad areas of the course contents is
as follows:

  • About the Institute, Academic &                                  06 Hours 
  • Technical Guidance, General Management 
  • Developing Personal Traits.                                          12 Hours 
  • Business Communication.                                            12 Hours 
  • Presentation.                                                                   24 Hours 
  • Interpersonal & Negotiation Skills.                              12 Hours 
  • Office Procedure.                                                            06 Hours 
  • Business Environment.                                                  06 Hours 
  • Strategic Decision Making.                                           06 Hours 
  • Practical (Project)                                                           06 Hours 


The Board of Studies has finalized a “Session Plan” to facilitate systematic course 
delivery. The programme is to be organized as per the Session Plan.

ICITSS-Orientation Course Eligibility

The students are required to undergo Orientation Course before registering for
practical training.

ICITSS-Orientation Course

Objectives: 

The Orientation Course aims to equip the entrants of the profession -

  • To familiarize with various dimensions of the Indian Accountancy Profession. 
  • To develop effective communication and presentation skills. 
  • To groom and motivate the entrants to be knowledgeable and skilled professionals. 
  • To expand the significance of practical training in the life of a professional. 
  • To foster values such as integrity, transparency and Independence in the budding professionals.

Tuesday, 16 January 2018

The Institute of Chartered Accountants of India IT Centres List

The Institute of Chartered Accountants of India
IT Centres List CLICK HERE

Course on Information Technology (ICITSS)

Course on Information Technology (ICITSS)
1. E Learning

a. Computer Fundamental
b. Operating System
c. CBS

2. MS – Word

a. Introduction to MS‐Word
b. Tables handling
c. Use of Templates and Version Control
d. Creating Macros

3. MS – Excel

a. Introduction to MS‐Excel
b. Cell Referencing, Ranges and Functions
c. Working with Worksheet, Charts, Macros and Hyperlinks
d. Consolidation of Data & Data Analysis
e. Data Validation & Protection
f. PivotTable Reports & PivotChart Reports
g. Importing/Exporting data
h. Multi‐Dimensional Analysis of data
i. Dashboard Reporting using MS ‐ Excel

4. MS – PowerPoint

a. Introduction to MS Power Point

5. MS ‐ Access

a. Introduction to MS ‐ Access
b. Working with Table and Forms
c. Working with Queries and Reports

6. CAAT

a. Introduction to CAAT
b. Data Analysis and Audit Techniques
c. Data Analysis Using IDEA
d. Advanced Analytics using IDEA

7. Accounting Package

a. Principal of Accounting
b. Introduction to Tally.ERP 9
c. Voucher Entry in Tally.ERP 9
d. Generating Reports In Tally.ERP 9
e. Financial Analysis Tools In Tally.ERP 9
f. E‐filing Process

Registration for ICITSS (Course on Information Technology) through Online Portal

The Board of Studies has developed Online Registration Portal to facilitate students to
register in soft skills courses (ICITSS and AICITSS) and make the payment of course
fee online using Credit/ Debit card from all across the country.
The Online Portal for ICITSS and Advanced ICITSS provides the facilities which are as
under –

  • Single sign-on for all courses 
  • Online registration for all batches 
  • Online Payment 
  • Batch transfer facility 
  • Online feedback submission 
  • Online certificate generation 
  • Online report generation
The students are required to login to the Online Portal at http://cloudcampus.icai.org or www.icaionlineregistration.org and register in a particular batch launched by the Programme Organising Unit (POU). After registration, the students may take a print of the acknowledgement slip from the portal and submit the same along with other documents, as mentioned in the acknowledgement slip, to the concerned Programme Organising Unit at least two days before the commencement of the batch. After verifying the documents, the concerned POU will confirm the registration.

Concessions for Differently-abled Students Course on Information Technology (ICITSS)

The differently abled students are exempted from undergoing the Course on
Information Technology organized by the Regional offices/ branches of the ICAI, but
have to follow the following scheme:
Differently abled students are required to inform the Board of Studies about
their option for exemption from undergoing Course on Information Technology,
along with the necessary documents, while registering for the Intermediate
Course to the Decentralised Office.

  • Such students are not required to pay any registration fee for the purpose of Course on Information Technology.
  •  The Decentralized Office shall provide them a set of course material on registration.
  • Since the duration of the course is fifteen days, a differently abled student is required to self-study such course material for a minimum period of 15 days. Therefore, he can send a request to the decentralized office for two specially designed test papers and also inform about his schedule for submission of these test papers.
  •  The answer sheets of test papers are to be submitted at the said decentralized Office. The student shall be issued certificate on qualifying the test papers.

Course on Information Technology (ICITSS) Certificate

The accredited ITT centre issues certificate to students who successfully complete the
Course and fulfills the passing requirement of the course.

Final Online Examination of Course on Information Technology (ICITSS)

The Final Online Examination is of objective type questions of 3 hours duration with
200 questions. This examination is held on Sunday and date is intimated to students
by the ITT Centre in which he/ she is pursuing the course.
A student has to complete the examination within the time allocated in one sitting.
The Online Examination software generates the Questions Paper from the question
bank randomly with questions selected for topics in proportion to hours allocated to
respective topics of the course.

Passing Requirements of Course on Information Technology (ICITSS)

A student of the Course on Information Technology (ICITSS) is required to secure
minimum 60% marks in aggregate taking into account two Module Tests, Project
and Final Online Examination. The allocation of marks is as follows:
1 Two Module Tests 20%
2 Project Report 20%
3 Final Online Examination 60%
In case a student fails to secure 60% marks in the aggregate, he/she may be allowed
to reappear for Online Examination for two more attempts free of cost. However, if a
student fails to secure 60% marks even after three attempts, he/she shall have to pay
a nominal fee of Rs.300/- to the Regional office/Branch of ICAI for every additional
attempt.

Eligibility for Final Online Examination of Course on Information Technology (ICITSS)

A student of Course on Information Technology (ICITSS) becomes eligible to appear
in the Final Online Examination only if he/ she fulfils the following criteria:
a. 90% Attendance.
b. Successfully qualifies Two Module Tests
c. Submission of the Project Report and
d. Payment of full fee for the course.

Projectof Course on Information Technology (ICITSS)

A student of Course on Information Technology (ICITSS) is required to prepare a
multi-disciplinary project of 100 marks covering all aspects of the course syllabus. The
weightage of the project is 20%. The Students are required to submit the project
before appearing for the Final Online Examination.

Module Tests of Course on Information Technology (ICITSS)

A student of Course on Information Technology (ICITSS) is required to pass two
module tests as a part of the Course by securing at least 50% marks in individual test.
The module test shall comprise of objective type and descriptive questions. The
duration of each Module Test is one hour. Evaluation of the module test is to be done
by the ITT Centre. In case a student fails in a Module Test, one re-appearance for
each test is allowed free of cost. For any additional reappearance, the student is
required to pay a nominal fee of Rs.150/- per test. These two module tests carry 20%
weightage in successfully completing the course.

Attendance of Course on Information Technology (ICITSS)

A student is required to have minimum 90% attendance to successfully complete the
Course on Information Technology (ICITSS).

Training details of Course on Information Technology (ICITSS)

The Regional offices/ branches of the ICAI will organize Course on Information
Technology (ICITSS) as per the detailed course contents provided by the Board of
Studies. They will ensure that all modules of course material are taught as per the
time duration specified in the syllabus. The course should be supported by intensive
practical exercises so that the concepts are clearly understood by the students.

Dress Code of Course on Information Technology (ICITSS)

The branches should ensure that students come in proper formal dress and uphold
the grace of the Profession. They should not be permitted to enter the classroom in Jeans and T-shirts. The necessary instructions may be put up on the notice board and
also communicated to the students at time of the registration for these courses. These
instructions are to be adhered strictly.

Suggested allocation of Time w.r.t Topics of Course on Information Technology (ICITSS)

The suggested allocation of hours among the broad areas of the course content is as
follow:
Sr. No.                    Topics.                                                     Duration
  1.           E Learning - Computer Fundamentals,
               Operating Systems, CBS.                                         10
  2.           MS - Word.                                                                   6
  3.           MS - Excel.                                                                 30
  4.           MS - PowerPoint.                                                      12
  5.           Databases using MS - Access.                                 6
  6.           CAAT.                                                                          18
  7.           Accounting Package.                                               18

Fees of Course on Information Technology (ICITSS)

The fee shall be Rs. 6500 (Six Thousand Five Hundred only) per student on non-
residential basis, inclusive of course material and tea/refreshment.

Duration of Course on Information Technology (ICITSS)

The classes are scheduled for minimum 6 hours per day, in 15 working days.

Eligibility Course on Information Technology (ICITSS)

As a part of the New Scheme of Four Weeks Integrated Course on Information
Technology and Soft Skills (ICITSS) consisting Course on Information Technology for
Chartered Accountancy Course, a student has to mandatorily complete the Course on
Information Technology from any of the ITT Centres established at Regional Offices/
Branches/ Chapters of ICAI before commencement of Practical Training. The ICAI
allows Commerce Graduates/ Post-Graduates (with minimum 55% marks) or Other
Graduates/ Post-Graduates (with minimum 60% marks) and Intermediate level passed
students of Institute of Company Secretaries of India and Institute of Cost Accountants
of India to enter directly to its Intermediate Course and they need to successfully
complete Four Weeks Integrated Course on Information Technology and Soft Skills
(ICITSS) before commencement of the practical training.

Course on Information Technology (ICITSS)

About the Course:-

The course develops an understanding for use of Information Technology in the field
of accounting and auditing and uniform theoretical and practical knowledge to all the
aspiring CA students. The training components of the course focus on use of
Application Software relevant for Accounting, Auditing and allied areas related to the
CA profession. The training would focus on knowledge of Electronic Spread Sheet,
Data Base Management System, Computer Assisted Audit Technique (CAAT) and
Accounting Package etc.

Chartered accountancy prospectus

Chartered accountancy prospectus DOWNLOAD 

Monday, 15 January 2018

ARTICLESHIP TRAINING / AUDIT TRAINING

The unique requirement of practical training is instrumental in shaping a well-rounded professional to ensure that students have an opportunity to acquire on-the-job work experience of a professional nature. Such a practical training:

  •   Inculcates a disciplined attitude for hard work;
  •  Develops necessary skills in applying theoretical knowledge to practical situations;
  •  Provides exposure to overall socio-economic environment in which organizations   operate; and
  •    Develops ethical values. 


Under the Present Scheme of Education & Training three years of articleship training has been designed to strike a balance between theoretical education and practical training.
A student can also undergo audit training. Eight months of audit training is treated as equivalent to six months of articleship training. 

Scheme of education and training for chartered accountancy course

Scheme of education and training for  chartered accountancy course :

STRUCTURE AND OBJECTIVES :

Structure
The Institute of Chartered Accountants of India periodically reviews its scheme of education and training to remain
in tandem with developments in the field of education and other changes at the national and global levels.
Evolving business and changing environment also demands newer skills from the accounting professionals. ICAI,
being a member body of International Federation of Accountants (IFAC), has to comply with the International
Education Standards [IES 1 to IES 8] which have been revised recently. There has been a shift from “input-based”
to “outcome-based” approach in the Revised IESs. Accordingly, the ICAI’s present scheme of education has been
designed and implemented from July1, 2017.
Different levels of Chartered Accountancy Course
1. Entry Level.                                                                     Foundation Course
2. First Stage of Theoretical Education.                         Intermediate Course
3. Final Stage of Theoretical Education.                        Final Course

Objectives of the Scheme:
The emphasis of this scheme is on -

  •  Encouraging young talented students having aptitude for accounting education to make an early entry to the profession;
  • Encouraging graduates and others appropriately qualified students to pursue CA course through Direct Entry;
  • Complementing theoretical education by practical training;
  • Instilling technical skills through Information Technology Trainings under ICITSS & AICITSS;


  • Instilling inter-personal and soft skills through Orientation Course and Management and Communication 

    • Skills (MCS) courses under ICITSS & AICITSS;
    • Inculcating professional ethical values and attitudes among students;
    • Inculcating analytical ability among the students through case studies;
    • Globalizing chartered accountancy education through organization of education and training abroad.
    • Updated syllabus is benchmarked to Chartered Accountancy courses offered around the globe and is fully compliant to International Education Standards issued by the International Federation of Accountants.

    Chartered accountancy course

    Requirements to become a Chartered Accountant:

    1. Through Foundation Course route:
    (i) Enrol for Foundation Course after appearing in Class 12thExamination conducted by an examining body
    constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
    (ii) Complete four months Study Period. Register till 30th June/ 31st December for being eligible to appear in
    November/ May Foundation Course Examination.
    (ii) Appear in Foundation Examination after passing in the Senior Secondary Examination (10+2 examination)
    conducted by an examining body constituted by law in India or an examination recognised by the Central
    Government as equivalent thereto and on complying with (ii) above.
    (iii) Join Intermediate Course after passing Foundation Examination.
    (iv) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of
    Courses on Information Technology and Orientation Course at the earliest but these are to be completed
    compulsorilybefore commencement of their articleship.
    (v) Appear in Intermediate Examination on completion of 8months of study course as on first day of the month in
    which theexamination is to be held.
    (vi) Join articled training after passing either of the Group or Both Groups ofIntermediate Course and after
    successfully undergoing ICITSS.
    (vii) Clear the balance Group (if any) of Intermediate Examination.
    (viii) Register for Final Course.
    (ix) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills
    (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills
    during the last two years of practical trainingbut before appearing in the Final Examination.
    (x) Appear in the Final Examination on completion of the practical training or whileserving last 6 months of
    articled training on or before the last day of the month preceding the month in which the examination is to be
    heldafter successful completion of AICITSS.
    (xi) Complete articled training of 3 years.
    (xii) Pass Final Examination.
    (xiii) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.
    2. Through Direct Entry route:
    I. Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%):
    (i) Enrol with the Institute for Intermediate Course.
    (ii) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of
    Courses on Information Technology and Orientation Course before commencement of their articleship.
    (iii) Register for Practical Training of three years.
    (iv) Appear in Intermediate Examination on completion of 9 months of Practical Training on first day of the month
    in which the examination is to be held.
    (v)Appear and pass in both groups of Intermediate Examination.
    (vi) Register for CA Final Course.
    (vii) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills
    (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills
    during the last two years of practical training but before appearing in the Final Examination.
    (viii) Appear in the Final Examination on completion of the practical training or while serving last 6 months of
    articled training on or before the last day of the month preceding the month in which the examination is to be held
    after successful completion of AICITSS.
    (ix) Complete articled training of 3 years.
    (x) Pass Final Examination.
    (xi) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.
    Provisional Registration: Candidates who are pursuing the Final year of Graduation Course shall be eligible for
    provisional registration to the Intermediate Course. Such candidates would be required to submit satisfactory
    proof of having passed the graduation examination with the specified percentage of marks within such period not
    exceeding six months as from the date of appearance in the final year graduation examination. During the period
    of provisional registration, the candidate can undergo and complete ICITSS. It is clarified that in their case, the
    practical training will commence only on becoming a graduate with specified percentage of marks. Such
    candidates shall be eligible for appearing in the Intermediate Examination on completion of nine months of
    practical training. If such candidates fail to produce the proof within the aforesaid period, his provisional
    registration shall be cancelled and the registration fee or the tuition fee, as the case may be, paid by him shall not
    be refunded and no credit shall be given for the theoretical education undergone.
    II. Candidates who have passed Intermediate level examination of Institute of Company Secretaries of India or
    Institute of Cost Accountants of India
    (i) Enrol with the Institute for Intermediate Course.
    (ii) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of
    Courses on Information Technology and Orientation Course at the earliest but these are to be completed
    compulsorily before commencement of their articleship.
    (iii) Appear in Intermediate Examination on completion of 8 months of study course as on first day of the month in
    which the examination is to be held.
    (iv) Join articled training after passing either of the Group or Both Groups of Intermediate Course and after
    successfully undergoing ICITSS.
    (v) Clear the balance Group (if any) of Intermediate Examination.
    (vii) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills
    (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills
    during the last two years of practical training but before appearing in the Final Examination.
    (viii) Appear in the Final Examination on completion of the practical training or while serving last 6 months of
    articled training on or before the last day of the month preceding the month in which the examination is to be held
    after successful completion of AICITSS.
    (ix) Complete articled training of 3 years.
    (x) Pass Final Examination.
    (xi) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.

    Sunday, 14 January 2018

    What are the terms and conditions applicable for training articled assistant abroad?

    The principal shall impart training in accordance with the guidelines contained in
    Training Guide. He shall maintain a record of practical training imparted by him to the
    articled assistant and report to the Council in the form prescribed in the training guide.
    Further, the terms and conditions that may be made applicable for training articled
    assistant in India from time to time shall mutates mutandis apply for training of articled
    assistant abroad.
    In addition to above, the Principal and the articled assistant shall be bound by the
    provision of Chartered Accountants Act 1949 and Regulations framed thereunder and
    such other rules and guidelines and directions issued by the Council from time to time.

    Can a member of the Institute engage and articled assistant under the bye laws of the accountancy institutions or bodies outside India?


    Members entitled to train articled assistants shall not engage any articled assistant or
    articled assistant or apprentice under the bye laws of any other institutions or society or
    body unless the person concerned has been registered student with any of the
    accounting institutions or bodies whose training is recognized by the Council as
    equivalent to the training prescribed for the members of the Institute.

    Should the articled assistant enter into a Deed of articles for this purpose? (in accordance with Regulation 54A)

    No. There is no need either for execution of deed of articles for such training or for any
    intimation to the Institute in this regard. However the Principal is required to include the
    particulars of such training in the report to the Council under Regulation 64.

    Should the articled assistant enter into a Deed of articles for this purpose? (in accordance with Regulation 54A)

    No. There is no need either for execution of deed of articles for such training or for any
    intimation to the Institute in this regard. However the Principal is required to include the
    particulars of such training in the report to the Council under Regulation 64.

    (c) Is the articled assistant eligible for stipend during such period of training? (in accordance with Regulation 54A)

    No. The provisions of stipend do not apply during such period of training.

    Will such service be considered as part of practical training? (in accordance with Regulation 54A)

    Such training under members of accountancy institutions or bodies outside India, will be
    considered as part of practical training.

    Can a Principal depute an articled assistant for training under eligible members of accountancy institutions or bodies outside India (in accordance with Regulation 54A)

    Yes. A principal, with the consent of the articled assistant may depute the latter for
    training for a period not exceeding 6 months, under a member eligible to engage and
    train an articled assistant under the bye laws of an institution or body set up in the
    respective countries.

    Will an articled assistant receiving training abroad be eligible for secondment?

    Yes. The terms and conditions contained in Regulation 54 and Regulation 54A dealing
    with secondment shall be applicable to the articled assistants receiving training abroad.

    Where are the Forms required to be submitted?

    Form 103 is required to be submitted at the respective Decentralized office of the
    Institute (i.e. the decentralized office in whose jurisdiction the Indian address of the
    member falls).

    What is the registration fee applicable to such articled assistant?

    The details of registration fees as applicable for articled assistant is given on link
    http://www.icai.org/resource_file/14707ipcc_enrolment_feestructure.pdf can be
    referred. The fee as applicable can be paid by way of Demand Draft drawn in favor of
    “The Secretary, The Institute of Chartered Accountants of India” payable at the
    concerned Decentralized office of the Institute.

    What are the formalities to be complied by the articled assistant?

    Form 103 for registration of articles should be duly filled and submitted along with such
    documents as mentioned in the Instruction sheet of Form 103 along with registration
    fee should reach the respective Institute’s office to which the member is attached within
    30 days of commencement of training.

    What will be the terms of office hours and working days holidays applicable to articled assistant working abroad?

    Regulation of training in terms of office hours and working days holidays will be
    applicable as per local office timings and laws. However, requirements of total training
    hours will be the same as applicable in India which are given hereunder:-
    a) The working hours for the articled assistants shall be 35 hours in a week excluding
    the lunch break.
    b) The office hours of the Principal for providing article training to the articled
    assistant shall not be generally before 9.00 a.m. or after 7.00 p.m.
    c) The normal working hours for the articled assistant shall not start after 11.00 a.m.
    or end before 5.00 p.m.
    d) The working hours for the articled assistants should not exceed 35 hours in a week
    excluding the lunch break and normally the articled assistant be required to work
    during the normal working hours fixed for articled assistants.
    e) In case of exigencies of work with Principal, an article assistant may be required to
    work beyond his/ her normal working hours. However, under such circumstances,
    the aggregate number of working hours shall not exceed 45 hours per week. The
    requirement of work beyond 35 hours in a week should not be a practice but only
    in exceptional circumstances.
    Further, where the articled assistant is required to work beyond normal working hours,
    and aggregate of such hours exceed 35 hours per week, he / she shall be entitled to
    compensatory leave calculated with reference to number of completed working hours,
    over and above 35 hours per week.

    What will be the stipend in respect of articled assistant receiving training abroad?

    The rates, terms and conditions of stipend prescribed as payable to the articled
    assistants receiving training in India shall be applicable to the articled assistant
    receiving training abroad except that the same rate of stipend in equivalent terms
    specified in respective national currencies of the countries concerned instead of Indian
    rupees

    What shall be the period of practical training?

    The period of practical training shall be 3 years or 3½ years as applicable, under a
    practising chartered accountant abroad. However, the articled / audit assistant have an
    option to undergo Industrial training in accordance with the Regulations 51 & 72 of the
    Chartered Accountants Regulations, 1988 during the last one year of training.

    Can a Chartered Accountant employed as a Paid Assistant or engaged as a partner in a foreign firm of Chartered Accountants eligible to train articled assistant outside India?

    A member employed as a Paid Assistant or engaged as a partner in a foreign firm of
    Chartered Accountants will also be eligible to train articled assistants at par with the
    paid assistants with a firm of Chartered Accountants in India. All conditions applicable to
    the Paid Assistants in India would be applicable to them as well. However, in case of a
    foreign firm, such a foreign firm shall have at least one partner who is either a member
    of the Institute or who is eligible to become a member of the Institute, in terms of MRA.

    Can a Chartered Accountant working abroad impart Industrial Training to an articled assistant abroad?

    The Industrial Training may be imparted by the Chartered Accountants working abroad
    in a financial commercial or industrial undertaking with minimum fixed assets &
    minimum total turnover or minimum paid up capital as specified by the Council
    (whatever the value specified in terms of Indian currency may be deemed as applicable
    in foreign countries in their respective currencies) or such other organization or
    institution approved by the Council. Moreover, the members would be eligible to impart
    Industrial training in accordance with Regulation 51 and 72.
    In addition to above, an organization eligible to impart training outside India which is
    not yet registered with the Institute may submit an application (format of application is
    available on our website www.icai.org) alongwith a self declaration (in absence of
    Annual report) regarding minimum fixed assets & minimum total turnover or minimum
    paid up capital of the organization about the particulars of the undertaking.

    Is it necessary for a Chartered Accountant training articled assistants outside India to have a professional address in India?

    Till recently, it was mandatory for a member in practice to have a professional address
    in India in his own charge or in charge of another member.
    However in terms of the Council decision taken at its 291st meeting held in December
    2009, a member shall provide a professional address as envisaged in Regulation
    2(1)(xiii) as well as an address in India.
    As per the said Regulation, professional address means: -
    a. an address of the place where the member is carrying on his profession ( or
    where he is carrying on his profession at more than one place, the principal
    place), or
    b. if a member is employed, the place of employment or at his option the place of
    his residence
    c. the place of residence, if the member neither carried on the profession nor is
    employed.
    (It may please be noted that an address in India is essential in any of the situation)

    Is it necessary for a Chartered Accountant training articled assistants outside India to have a professional address in India?

    Till recently, it was mandatory for a member in practice to have a professional address
    in India in his own charge or in charge of another member.
    However in terms of the Council decision taken at its 291st meeting held in December
    2009, a member shall provide a professional address as envisaged in Regulation
    2(1)(xiii) as well as an address in India.
    As per the said Regulation, professional address means: -
    a. an address of the place where the member is carrying on his profession ( or
    where he is carrying on his profession at more than one place, the principal
    place), or
    b. if a member is employed, the place of employment or at his option the place of
    his residence
    c. the place of residence, if the member neither carried on the profession nor is
    employed.
    (It may please be noted that an address in India is essential in any of the situation)

    Can a Chartered Accountant practicing abroad, train an articled assistant outside India

    Yes, a Chartered Accountant is eligible to train an articled assistant provided his main
    occupation is the practice of the profession of accountancy at the time of engaging
    articled assistants as well as in each of the qualifying years on the basis of which he
    claims eligibility to train articled assistants. Moreover, the members would be eligible to
    train articled assistant in accordance with Regulation 43.

    Can a student registered with the CA Institute get training outside India

    Yes, a student registered with the Institute is eligible to enroll for training outside India.

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