Frnds, am a PE2 student, am currently in a Big 4 (for past 3 years) as paid audit assistant. i hvnt clear 2nd grp of pe2 still now bcz of tht i am not able to strt ma articleship. I want to know if there is any provision to setoff these experiance with articleship.
No such provision u hv to complete ur articleship........
ratan
There is no such provision. U have to complete your articleship after passing PE-2 Exams,
AUDIT TRAINING
1 Is an audit training equivalent to articleship training?
No. 8 months of audit training is treated as equivalent to 6 months of articleship training. Thereby under the
new scheme of education and training a student has to undergo 42 months of articleship training whereas a
student has to undergo 56 months of audit training. No fraction below 8 months is counted for the purpose
of equivalence.
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2 Is it possible to undergo practical training partly as articleship training and partly as audit
training?
Yes. It is possible to do so. For example, a student can undergo 16 months of audit training and 2 ½ years
of articleship training.
3. Can an audit trainee join industrial training?
Yes. For example, a student can undergo 40 months of audit training and 12 months of industrial training
after passing PE-II/ PCE and during last 12 months of practical training.
It is to mention that maximum period of industrial training is 12 months.
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