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Please guide me

Pooja (13 Points)

10 May 2007

[color=purple]Hey guys & gals could someone please share their experiences in articleship (I am interested in joining and interested in audit. Please share you experiences so I am get a clear picture. Thank you in advance for your assisstance.[/color]

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31 Replies

Vicky (Senior Manager) (69 Points)
Replied 10 May 2007

Hi ! Pooja.
I m doing articleship & my article period of 8 mths hv compltd.
I can share u my experiences bt tel me wat actually u r doing.
R u doing CA & wants to join Articleship or else?

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Pooja (13 Points)
Replied 10 May 2007

[color=purple]Hi Vicky,

Could you tell me what you do on a typical day and how you interact with clients I am doing CA and would like to know these things in detail before joining. Thanks for replying.[/color]

Hrithik (49 Points)
Replied 10 May 2007

hi pooja...

Look experience in articleship depends on the firm you are joining in.
If you join a big firm who have good name in the market surely they must have good clients and good
clients means good work.

on the other hand if you join a mid sized or small firm they would have limited work and it would mean less exposure..
also i would like to tell you articleship is not the end its just a means to get your qualification.

All the best.
Hrithik.
DHOOM MACHALEY..

Pooja (13 Points)
Replied 10 May 2007

[color=purple]Thanks Hrithik but I was looking for bit more specific data like what are your tasks and how you interact with clients etc.[/color]

Sumit (CA Practice ) (675 Points)
Replied 10 May 2007

Hi Pooja

During the articleship period, we have to do all those work which our senior demands.

Like In Taxation : We have to - file Income Tax Returns of Companies/firms/Individuals etc.
                                                -  do Tax Audit as required by the Statute.

       In Statutory Audit  : We have to see whether the books of accounts of the companies are made in accordance with the provisions
                                         as contained in the respective statutes.

      In Internal Audit    :  We have to check the internal proceedings of the company, detecting of errors and frauds, giving suggestions
                                        to the management for improving their work and apprise the management about all the flaws which we have
                                        seen in their system and the procedure to rectify them.

Regarding question of how to interact with client:

In case of Statutory Audit and Tax Audit, you can simply demand from the person concerned any of the information which you find it necessary for the purpose of your work.

In case of Internal Audit, you have to give your reports to the management so you have to be keep in tough with the person concerned through out your audit period.

Thanks and I think it will solve your query.

Sumit Aggarwal

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Pooja (13 Points)
Replied 10 May 2007

Hey thanks sumit thats great information. I know I am asking too many questions but could you elaborate on one of you audit experiences. I think your knowledge will be very helpful to all on this forum.

Sumit (CA Practice ) (675 Points)
Replied 10 May 2007

Hi Pooja

I did audit in Production Process, Purchases, Dyeing, Trims and Accessories, Books of Accounts, Statutory Audit, Agency Audit of Citi Financial Agencies etc.

Can you please tell me exactly what you want i.e. what type of audit experience you want to ask.

Bye

Sumit Aggarwal

Pooja (13 Points)
Replied 10 May 2007

[color=purple]Thank Sumit for the reply. I guess what I am looking for is your experience that is what you did during an audit from start to finish. Am I asking too much :)[/color]

Hrithik (49 Points)
Replied 10 May 2007

hi sumit

hey dude i need to talk to u

can you plz pm me now//???

thnks/....

Sumit (CA Practice ) (675 Points)
Replied 10 May 2007

can you give me your email id so that i can attach the audit procedure which i followed

Sumit Aggarwal

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Hrithik (49 Points)
Replied 10 May 2007

hey take my mail id also plz attach those files...

smithjhonny @ gmail.com

Ravi (13 Points)
Replied 10 May 2007

Hey sumit1122 why don't you add the file in the files section on this website? That would spare you a lot of troubles and would help everyone here is the link : (Just a suggestion)
https://charteredaccountants.in/files/index.php