Articleship

The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and three years of practical training after passing Group-I of IPCC/Accounting Technician Course. This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme.

In order to develop a strong theoretical base, students of IPCC have to undergo nine months study course before appearing for the first time in the Integrated Professional Competence Examination (IPCE). Since proper understanding of the modern world necessitates knowledge of present day technology and skills, students are imparted 100 hours Information Technology Training (ITT) and have to undergo 35 hours Orientation Programme. These are to be completed before commencement of their practical training.

The 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.