CA and CWA Simultaneously.. What Formalities To Comply With???

Siddharth (Get Digital Signature Certificates (DSC) in 30 minutes! Click on send PM!) (672 Points)
Replied 02 August 2011

1. ICWAI won't accept ICAI's articleship experience for availing exemption from their tranining. You need to provide work experience as per their criteria.

2. When you join ICAI's articleship you need to seek permission vide form 112 for additional courses during articleship. There is no such formality during ICWAI's training.

Devadas K S (One life one Dream) (3525 Points)
Replied 02 August 2011

Originally posted by : SiDD_
	1. ICWAI won't accept ICAI's articleship experience for availing exemption from their tranining. You need to provide work experience as per their criteria. 2. When you join ICAI's articleship you need to seek permission vide form 112 for additional courses during articleship. There is no such formality during ICWAI's training.

Vikas Kumar Manjhi (Manager Finance Transformation) (622 Points)
Replied 02 August 2011

Originally posted by : SiDD_
	1. ICWAI won't accept ICAI's articleship experience for availing exemption from their tranining. You need to provide work experience as per their criteria. 2. When you join ICAI's articleship you need to seek permission vide form 112 for additional courses during articleship. There is no such formality during ICWAI's training.

Hey Sidd,

I am working as an acconts assistant in a private company will this qualify me to get exemption from ICWAI Articleship Training..??

If i Submit the work experience certificate with ICWAI OFFICE then i need not fill any form with the ICAI Office.. Is that right...??

Kindly Answer.

Devadas K S (One life one Dream) (3525 Points)
Replied 02 August 2011


	I am working as an acconts assistant in a private company will this qualify me to get exemption from ICWAI Articleship Training..?? If i Submit the work experience certificate with ICWAI OFFICE then i need not fill any form with the ICAI Office.. Is that right...?? Kindly Answer.

Brother, you need experiance in same field that an ICWA would have.. I don't think your current job is eligible for exemption.... Just ask in ICWA chapter clarify which work will get exemption....

Devadas K S (One life one Dream) (3525 Points)
Replied 02 August 2011

You need to submlit form 112 to ICAI for studying other course during your articleship period....

Vikas Kumar Manjhi (Manager Finance Transformation) (622 Points)
Replied 02 August 2011

Originally posted by : Devu 4 u
	You need to submlit form 112 to ICAI for studying other course during your articleship period....

This thing is for sure that my job profile falls under their criteria both in terms of field of my work and turnover as well..

But my confusion is, if I successfully submit the work experience certificate with them and undertakes the 6 months of articleship training as a Cost Trainee then do i have to submit the FORM 112 with ICAI...???

Devadas K S (One life one Dream) (3525 Points)
Replied 02 August 2011

Yes, you need to submit Form 112 to ICAI for doing any other course during your articleship period.

it may be ICWA, CS, MBA but you need to submit FOrm 112.

Vikas Kumar Manjhi (Manager Finance Transformation) (622 Points)
Replied 02 August 2011

Originally posted by : Devu 4 u
	Yes, you need to submit Form 112 to ICAI for doing any other course during your articleship period. it may be ICWA, CS, MBA but you need to submit FOrm 112.

Hey Brother,

Sorry to bother you again and again, but i m really very confused and its all because i tried taking help form ICAI e-Sahayata. Instead of explaining me they confused me.

I was saying if i don't register and commence for Articleship with ICAI

but

start Articleship of ICWAI as Cost Trainee then what should i do in that case because i m not doing any other course because i m not in ICAI Articleship??

Please Help..

Devadas K S (One life one Dream) (3525 Points)
Replied 02 August 2011

In that case i think you don't need to submit Form 112(not sure). wait for others reply and conform it.

so when you are going to do Articleship of ICAI, are you postponing it for ICWA Training?

Siddharth (Get Digital Signature Certificates (DSC) in 30 minutes! Click on send PM!) (672 Points)
Replied 02 August 2011

ICWAI and ICAI are separate bodies, if you have doubts regarding this.

1. You need to submit form 112 with ICAI only when you have started ICAI's articleship and you are doing another course/ employment simultaneously. If you complete CWA before joining CA articleship then you don't need to fulfil this formality.

So forget any formalities with ICAI unless until you join articleship.

2. ICWAI requires no such formality and is not concerned with other courses/ employments you are doing, even when you start practical training, if you do.

If you want exemption from the training then only you need to complete formalities for the same.

You can get exemption for ICWAI practical training provided you meet the specific criterias as here, Q.6:

https://www.icwai.org/icwainew/docs/FAQ/Training_FAQ.pdf

If you are already under employment in specified organisation and area, you would need to submit FORM T-3, which can obtained from here:

https://students.icwai.org/TnP/students-forms.asp

I think you fit in the criteria, however confirm this.

Also Refer:

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

https://students.icwai.org/TnP/students-forms.asp

https://students.icwai.org/TnP/students-deed-trg.asp

https://www.icwai.org/icwainew/docs/FAQ/Training_FAQ.pdf

You can confirm/ verify this from your chapter/ council:

https://www.icwai.org/icwainew/contactus.asp

You shall not be able to get exemption from CA articleship unless otherwise you were in defense, etc. and that too not for full period.

Don't mix the specific word for CA's training called as "articleship" with CWA's practical training, it gets confusing.

1 Like

Vikas Kumar Manjhi (Manager Finance Transformation) (622 Points)
Replied 02 August 2011

Originally posted by : Devu 4 u
	In that case i think you don't need to submit Form 112(not sure). wait for others reply and conform it. so when you are going to do Articleship of ICAI, are you postponing it for ICWA Training?

"Yes i am.. Because CA Articleshipgives me no exemption.

Vikas Kumar Manjhi (Manager Finance Transformation) (622 Points)
Replied 02 August 2011

Originally posted by : SiDD_
	ICWAI and ICAI are separate bodies, if you have doubts regarding this. 1. You need to submit form 112 with ICAI only when you have started ICAI's articleship and you are doing another course/ employment simultaneously. If you complete CWA before joining CA articleship then you don't need to fulfil this formality. So forget any formalities with ICAI unless until you join articleship. 2. ICWAI requires no such formality and is not concerned with other courses/ employments you are doing, even when you start practical training, if you do. If you want exemption from the training then only you need to complete formalities for the same. You can get exemption for ICWAI practical training provided you meet the specific criterias as here, Q.6: https://www.icwai.org/icwainew/docs/FAQ/Training_FAQ.pdf If you are already under employment in specified organisation and area, you would need to submit FORM T-3, which can obtained from here: https://students.icwai.org/TnP/students-forms.asp I think you fit in the criteria, however confirm this. Also Refer: https://students.icwai.org/TnP/students-SchemeforPracticalTraining.asp https://students.icwai.org/TnP/students-forms.asp https://students.icwai.org/TnP/students-deed-trg.asp https://www.icwai.org/icwainew/docs/FAQ/Training_FAQ.pdf You can confirm/ verify this from your chapter/ council: https://www.icwai.org/icwainew/contactus.asp You shall not be able to get exemption from CA articleship unless otherwise you were in defense, etc. and that too not for full period. Don't mix the specific word for CA's training called as "articleship" with CWA's practical training, it gets confusing.