CA Gives Suggestions to Bring Back Three-Year Articleship
The Institute of Chartered Accountants of India (ICAI) reviews its curriculum regularly to ensure that the chartered accountancy course stays updated with global development.
During a recent past president’s meet held in Kochi, a chartered accountant shared some suggestions to improve the CA course. These are as follows:
- Bringing Back the 3-Year Articleship: The CA has suggested reintroducing the three-year CA articleship, saying that it will improve the quality of training.
- Direct Entry Scheme: The CA proposed to introduce a direct entry scheme for students who have completed their B.Com. This would help such students to directly join the articleship training.
- Corporate Laws and Costing: Another recommendation was to bring back Corporate Laws and Costing as regular written exam papers instead of keeping them as online exams.
- Restriction of Private Equity: The CA suggested that private equity should not be permitted, as it could affect the independence of work.
- Globalization of CA Profession: It was suggested that the profession should be further globalised so that more countries recognise the Indian CA qualification through Mutual Recognition Agreements (MRAs).
- Articleship After Clearing Any One Group in Intermediate: The CA suggested that the students must be allowed to join the articleship right after clearing either one of the groups in Intermediate.
- Introducing ICAI Tech SPV: It was suggested that there should be an ICAI Tech SPV under Section 8 of the Companies Act to provide audit tools and training in advanced technologies for members.
