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Articleship relaxation for ICWAI

Ashwini Padaki (aticle assistant) (32 Points)

11 February 2011

I have completed by ca articleship now i wish to register for ICWAI.... After completion of intermediate exams again i need to under go articleship for eligibity of ICWAI finals????

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3 Replies

chandra (student) (528 Points)
Replied 11 February 2011

Get ICWAI Prospectus Details are available on ICWAI website as well

https://www.icwai.org/icwai/students-SchemeforPracticalTraining.asp

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(Guest)

Well ! if ur Pursuing cwa ! Articles are mandatory .. with out that u cannot Secure Membership with ICWAI. Mean time,

Organizations recognized for Training

Student working as Trainee will be hereinafter referred to as Cost & Management Trainee. The Cost & Management Trainee shall undergo practical training under

(1) Practicing Cost Accountant or

(2) a firm of Cost Accountants or

(3) in any of the following organizations under a professionally qualified person.

The organizations other than the firms of professionals will be recognized for the purpose of training of the students if its annual turnover is Rs 5 crores or more. The authority under which the training is undertaken is referred to as Principal hereinafter.

Central/State Government / Semi-Government / Public Utilities
Banks and other Financial Institutions
Insurance Company
Public Sector Unit
Public Limited Company
Private Limited Company
Information Technology Sector
KPO / BPO
Stock Exchange
Universities, Management Institutes and any other educational institute
Limited Liability Partnership Firm
Management Consultancy Firms
NGO
Co-operative societies engaged in Banking, Manufacturing
Any other institution as approved by the Council

Recognized areas for Training:

Management Accounting
Cost Accounting
Financial Accounting
Financial Management
Auditing
Regulatory compliances
Direct Taxation
Indirect Taxation
Corporate Laws, Industrial Laws, Commercial Laws
Systems Analysis, Information Technology (including ERP system)
Project Management
Banking Operations
Insurance
Valuation
Financial Services
Teaching in Finance, Accounts, Costing, Taxation, Management and subjects covered in ICWAI Syllabus (other than visiting faculty)
Management Consultancy Services as defined in appendix 6 under Regulation 111 of CWA Regulation, 1959
Any other areas approved by the Council

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Besides, ur work experience will be considered for membership with ICWAI & not ur CA Articled experience is Strictly not applicable ! besides if u are doing or did CS Articles which is recognized for training by ICSI, SUCH ARTICLESHIP EXPERIENCE SHALL BE INCLUDED AS EXPERIENCE FOR ICWAI ; PROVIDED SUCH CS ARTICLES HAS BEEN CARRIED WITH MANAGEMENT CONSULTANTS...

sushil kumar (Student) (111 Points)
Replied 11 February 2011

I Have first completed 11 month of Articleship without any leave thereafter I have taken termination certificate from my previous Principal and have not registered with other Firm for the Articleship till 1.5 years and then I have again registred with a firm and completed articlship for till today for 7 months and will not take leave upto May, 2011 Exam thus month to be completed upto from February, 2011 to April, 2011 will be 3 months.
As an Articled is entitled to 135 days during articleship and my earned leave will be 3 months thereby total period of completion of articleship wiil arrive to 24 months before appearing to May, 2011 exam. Am i thinking right? Please express ur views.