Academic and Technical
Guidance
ICAI
©The Institute of Chartered Accountants of India
Entry to CA Profession
Entry to
CA Profession
Direct Entry Scheme
CPT Scheme
(CPT Exempted)
©The Institute of Chartered Accountants of India
CPT Scheme Milestones
Qualify CPT GMCS Advanced
Course ITT Course
Register for Qualify IIPC Gr- Register for
Intermediate II, if not
Final Course
(IPC) Course qualified earlier
Qualify Articled
Qualify Final
IIPC Exam Training
Exam
(Gr-I or Both) (3 Years)
Orientation ITT Training Chartered
Course (100 Hours) Accountant
©The Institute of Chartered Accountants of India
Direct Entry Scheme
Direct Entry to
Chartered Accountancy Course
Graduates/ Intermediate
Post Graduates Examination Pass of
The Institute of
The Institute of
In Commerce with Others with 60% Company
Cost Accountants
55% Marks Marks Secretaries
of India
of India
©The Institute of Chartered Accountants of India
Milestones for Graduates/ Post Graduates
Enroll for IIPC Enroll for Appear in
Both Groups Final Course Final Exam
ITT Training Advanced Qualify Final
(100 Hours) ITT Course Exam
Orientation GMCS Chartered
Course Course Accountant
Articled Appear &
Training Qualify IIPC
(3 Years) Exam
©The Institute of Chartered Accountants of India
Milestones for Intermediate Pass Students of
Cost Accountancy & Company Secretaries
Enroll for IIPC
Group-I/ Both Groups
Advanced ITT Course in
Study Course
(8 Months) Appear in Final Exam
Last Year of Articles
GMCS-II Course
Qualify IIPC
In Last 18 Months of Qualify Final Exam
Group-I or Both Groups
Articles
ITT Training
Enroll Chartered
(100 Hours) &
CA Final Course Accountant
Orientation Course
Qualify
Articled Training
IIPC Group-II, if not
(3 Years)
qualified earlier
©The Institute of Chartered Accountants of India
Relevance of Articleship
To gain practical knowledge
To expand knowledge in areas such as
auditing, taxation, corporate law
Opportunity to learn the overall environment
in which organization operate
To develop ethical values
Helps to build your confidence
©The Institute of Chartered Accountants of India
Rules and Regulation of
Articled Training
Who is eligible to train articled/audit assistants?
— an associate of a fellow member who has
been in practice continuously whether in India
or an associate or a fellow who is employed as
a paid assistant with a chartered accountant in
practice or in a firm of such chartered
accountants
©The Institute of Chartered Accountants of India
Articleship -Rules & Regulations
– The minimum working hours of an articled
assistant is 35 hours per week (excluding
lunch break)
– Without the permission of council, articled
assistant should not take any other course
of study
– For Leave details refer regulation 59 & 74
©The Institute of Chartered Accountants of India
..continued - Rules & Regulations
– An articled assistant is also not allowed to
engage in any other business / occupation/
employment
– The entire period of practical training can be
served with a practicing chartered
accountant or it can be served partly with a
practicing chartered accountant and partly
in an approved industrial establishment as
an Industrial Trainee
©The Institute of Chartered Accountants of India
Roles and Responsibilities of Article
Assistants
— work under the guidance of senior auditors
to evaluate firms’ operating control and
policies
—review firms’ financial statement and verify
that amounts recorded are accurate and
complete (financial auditing)
—help firm identify procedure and operating
policy in tax reporting process (tax auditing)
©The Institute of Chartered Accountants of India
..continued
—Ensure compliance with local, national audit
policies
—Prepare audit paperwork in accordance with
standards and requirements
—Develop and maintain the clients and business
partners’ database
—Establish working relationship with firm’s staff,
business partner and client
©The Institute of Chartered Accountants of India
Do’s & Don’ts for an article
assistant
Do’s
Be courteous, cooperative and professional
Ask question about anything requiring clarification
Be punctual
Be proactive
Diligently and faithfully serve the employer
Maintain work diary in the form to be prescribed
by Board of Studies
©The Institute of Chartered Accountants of India
Do’s..continue
Follow the regulations of Chartered
Accountants regulation 1988
Take responsibility for the work done during
practical training
Observe discipline and follow all the rules &
regulations of the firm
Keep the secrets of Employer and his/her
Clients
©The Institute of Chartered Accountants of India
..continued
Don’ts
Obtain any monetary help or assistance or
any form of gratification directly or indirectly
from the clients of the employer without prior
written consent of the employer
Destroy, cancel, spoil or make copies of books,
papers, plans belonging to the employer or
client of Employer
©The Institute of Chartered Accountants of India
Cultural and Ethical
pre-requisite
The maintenance of ethical standards is the
collective concern of the Institute as well as all
members of the profession
Maintenance of ethical standards at individual
member level should be so self-evident that
its further mention need not be made
©The Institute of Chartered Accountants of India
..continued
The Conduct of the Chartered Accountants is
judged under provisions contained in the
Chartered Accountants Act, 1949 and the
Schedules thereto; setting out different forms
of behaviour which would constitute
professional or other misconduct under the Act.
The Chartered Accountants Act is framed for
the regulation of the profession of Chartered
Accountants.
©The Institute of Chartered Accountants of India
Ethical Pre-requisites
In order to achieve the objectives of accountancy
profession professional accountants have to observe a
number of pre-requisite. The fundamental principles are:
—Integrity
—Objectivity/Transparency
—Professional Competence and Excellence
—Confidentiality
—Professional behavior
—Commitment to the society
©The Institute of Chartered Accountants of India
Technical and Professional
Guidance
The Board of Studies is responsible for the
administration of the Chartered Accountancy
curriculum and imparting theoretical education to
students undergoing Chartered Accountancy Course.
The BoS Knowledge Portal is designed for the
students which comprises of study material, question
papers, revision test papers etc.
ICAI Cloud Campus provides e-Education to the
students in the form of e-Lectures, Video Lectures,
Online Mentoring etc.
©The Institute of Chartered Accountants of India
Accounting Standard Board
(ASB)
ASB has been set up
For harmonizing the diverse accounting
policies and practices in India
For formulating the Accounting Standards
©The Institute of Chartered Accountants of India
Functions/Objectives of ASB
To conceive of and suggest areas in which Accounting Standards need
to be developed
To formulate Accounting Standards with a view to assisting the Council
of the ICAI in evolving and establishing Accounting Standards in India
To examine how far the relevant International Accounting
Standards/International Financial Reporting Standards can be adapted
while formulating the Accounting Standard and to adapt the same
To review, at regular intervals, the Accounting Standards from the
point of view of acceptance or changed conditions, and, if necessary,
revise the same
To provide, from time to time, interpretations and guidance on
Accounting Standards
To carry out such other functions relating to Accounting Standards
©The Institute of Chartered Accountants of India
Auditing and Assurance Standards Board
(AASB)
The ICAI through its AASB develops high
quality standards on auditing, review, other
assurance, quality control and related
services.
The Board also develops Guidance Notes on
generic as well as industry specific issues in
auditing.
©The Institute of Chartered Accountants of India
Functions/Objectives of AASB
To review the existing and emerging auditing practices
worldwide and identify areas in which Standards on
Quality Control, Engagement Standards and Statements on
Auditing need to be developed.
To formulate Engagement Standards, Standards on Quality
Control and Statements on Auditing so that these may be
issued under the authority of the Council of the Institute.
To review the existing Standards and Statements on
Auditing to assess their relevance in the changed
conditions and to undertake their revision, if necessary.
©The Institute of Chartered Accountants of India
..continued-Functions/Objectives of AASB
To develop Guidance Notes on issues arising out of any Standard,
auditing issues pertaining to any specific industry or on generic
issues, so that those may be issued under the authority of the
Council of the Institute.
To review the existing Guidance Notes to assess their relevance in
the changed circumstances and to undertake their revision, if
necessary
To formulate General Clarifications, where necessary, on issues
arising from Standards.
To formulate and issue Technical Guides, Practice Manuals, Studies
and other papers under its own authority for guidance of
professional accountants in the cases felt appropriate by the Board.
©The Institute of Chartered Accountants of India
Thank you
©The Institute of Chartered Accountants of India
