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