16 November 2013
ELIGIBILITY AND OTHER CONDITIONS FOR UNDERGOING INDUSTRIAL TRAINING
(i) An articled assistant who has passed the Integrated Professional Competence Examination / Professional Competence Examination/ Professional Education (Examination - II) or Intermediate examination can serve as an Industrial trainee in any of the financial, commercial, industrial undertakings as may specified by the Council or such other institution or organization as may be approved by the Council from time to time. (ii) Articled assistant before proceeding for Industrial Training has to intimate his principal at least three months before the date on which such training has to commence. (iii) Minimum period of Industrial Training may range between nine months and twelve months during the last year of prescribed period of practical training. (iv) The Industrial Training shall be received under a member of the Institute. An Associate who has been a member for a continuous period of at least three years is entitled to train one industrial trainee and fellow is entitled train two industrial trainee at a time, whether such trainees are articled assistants or audit assistants. (v) An agreement of training is to be entered in the approved form i.e. Form No. 104 (vi) On satisfactory completion of industrial training, the principal has to issue service certificate in the approved form i.e. Form No. 105. (vii) The form-104, in duplicate, should be sent so as to reach the office of the Institute within 30 days from the date of commencement of Industrial Training.
Industrial training also offers an opportunity to the trainees to take part in specialised accounting exercises. Thus, for instance, the closing of accounts provides an opportunity for them to acquire the skills necessary as a concomitant to the theoretical knowledge which they have acquired earlier.
Industrial training may also expose the trainees to management accounting, cost accounting, management information system, EDP, etc. It also provides an opportunity to them to participate in the work relating to corporate laws, taxation and secretarial practice.
Industrial Training Vacancies: http://www.icai.org/post.html?post_id=823
16 November 2013
1. You can do articleship in last one year of articleship
2. You need to give intimation to your principal about your intention to go for industrial training atleast 3 months in advance.
3. Many companies offer industrial training positions. You may check with ICAI regional offices notice board, articleship/job section at Caclubindia for the same.
For the whole list of companies registered with ICAI for industrial training refer:
http://icai.org/post.html?post_id=823
4. Once a company accepts you as a industrial trainee, you may terminate your articleship with the current principal (please refer regulation 56). Thereafter execute Form 104 with the company.
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