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Articleship v/s industrial traning

Prashant (CA Final) (271 Points)

24 April 2012

Hey Frnds, What is better Normal Articleship or Industrial Traning ? If we chose Industrial Traning than Students from IPCC normally get 6 month delay in their Final examination because they cant prepare well during Industrial traning. So what is better, Having exposure of Industrial Training of 1 year or delay in CA final of 6 month ?

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kckinn (CA) (759 Points)
Replied 24 April 2012

I think it all comes down to individual preferences.

But some related points coming to my mind are :

Industrial training worth only if you are considering service post qualification and not practice. But how big is this a factor we cant estimate. Only recruiters can tell if they would prefer someone who has done industrial training over someone who has not. Industrial training will give you more insight about internal functioning working of a company which is different from what we as auditors see generally.

Secondly, during 2 year of articleship at a place, you will get to know most of the things your firm has to offer. Say value addition during the last year of articleship is less compared to the initial 2 years as work gets repetetive (generally, not necessarily in all the firms). Industrial training would offer you a complete different learning and exposure and value addition would be more.

Leave during the industrial training would be max 1 or 2 months(2months if you are lucky). So its like you can write only 1 group unless you have been thouroughly preparing consistently.

Above points are based only on what I think. I have no industrial training experince, but considering joining it.

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Tony G (Vice President but looking for a different meaning to life) (251 Points)
Replied 24 April 2012

Take Industrial training...

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shubhi (ca inter) (27 Points)
Replied 15 August 2012

icai has mentioned in thier site that

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.

may i know what is the difference between both.............?????

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