ICAI CA Articleship 2024: Registration Process, Firms, and Stipend

Apr 05, 2024
ICAI CA Articleship 2024: Registration Process, Firms, and Stipend

Introduction

The CA Articleship can be considered a major step on the CA journey to qualification. The practical component is comprised of a comparable student under the guidance of an experienced CA. This is the process through which students put their accounting, auditing, taxation, and finance knowledge into practice. The training phase normally takes up to 2 years and attempts to reflect the capital articles requirements which must ensure competent and responsible conduct while at the same time having the ability to deliver professional services. Furthermore, students are allowed to choose reputable firms for their training among others like Deloitte, PricewaterhouseCoopers, Ernst & Young, and others.

 

What is a CA Articleship?

Students learn everything from the theory in college classes and from the actual situations when they participate in the CA Articleship training. Through the mentorship of seasoned CA, students learn the requisite skills, develop professionalism, and expose themselves to the complex nature of accounting and finance concepts.

The training through Articleship not only meets the requirements of the studies but also provides the skills and confidence necessary to do well in their careers as chartered accountants moving forward. Hence, the trainee needs to be proactive and convert the two years of articles into a stepping stone for professional success.

If you want to have an added Articleship experience or need a guide during your CA journey, try joining the CA virtual hub for CA online classes in India. Our automated platform offers complete resources, expert guidance, and self-learning experiences to guide you every step of the way.

 

The Best Online Course for Passing the CA Foundation

The Best CA Foundation Online course that you are looking for is right here!

On behalf of our CA coaching class website, we take pleasure in letting you know that our main purpose is to unveil your hidden potential and assist you in adjusting to the highly competitive environment of Chartered Accounting.

Join our CA Foundation Vijay Batch June 2024, designed to be exam-oriented and fully equipped with features to ensure your success:

  • Virtual sessions with master teachers.
  • ICAI past exam questions, MTP, RTP, and study material questions availability is granted.
  • The CA syllabus covered 100% of the syllabus.
  • Regularity of doubt solving classes for clarity.
  • Students are also given help up to a day before the examinations.
  • Directly adjusted to your personal needs.
  • For the convenience of students, you will get unlimited access to the recorded lecture classes.

Join this life-changing expedition! Enroll now and charge yourself to conquer your academic and professional ambitions.

 

Step-by-Step Guidance for CA Articleship Registration

Please follow the given steps for a smooth and stress free registration process:

1. Let’s go to the “Articleship Menu” and then click on the “Articleship” tab.

2. By clicking on the Articleship Deed Form icon, locate the icon.

3. On the Form of Articleship Deed, select the start date and supervising Member/Paid Assistant Membership Number, write the name of the firm, and mark the execution date of the deed. Then, submit the form.

4. Save the document in PDF format, get it stamped on the paper, and have an electronic copy ready.

5. Make sure that personal information is correct and updated if anything needs to be changed in the profile change form.

6. Revise the qualification and CA course details in the format provided.

7. Verify any previous article details that were displayed on the screen.

8. Next, answer the remaining questions relating to other engagements during the articleship and complete Form 112 if required.

9. Review the member details and click on “agree and submit.”

10. A member must log in and then open the form through the “Forms for Approval” tab to review and authorise.

11. Once approved, click the PDF file and get it signed by the member, and using your phone’s camera, upload the scanned copy to complete the registration.

12. A second time, log in, shift to the Submitted Applications” section, and send the signed PDFs.

13. Upload the form and make any due payments.

 

CA Articleship Registration Fees for 2024

It is necessary to follow the registration process required by the Institute of Chartered Accountants of India (ICAI) for candidates who are on the practical training. This is the process of completing Form 103 and paying the necessary fees through a request.

The CA Articleship Registration amount for the year 2024 is INR 2000/-. This is recommended to be made in favour of “Secretary, The Institute of Chartered Accountants of India” and needs to be payable at designated places depending on the area. Places such as Mumbai, Kolkata, Chennai, Kanpur, or New Delhi are included in that list.

According to this, candidates do it neatly and correctly, and so they join the Articleship programme without any doubt, which is a very important step in the way of becoming a Chartered Accountant.

 

CA Exam Time Table 2024: Foundation, Inter, and Final

ICAI has announced the CA exam time table 2024 exams for the students who register for 2024 exam. Advisors recommend that students prepare for their exams while keeping the CA date sheet in mind. Check out the dates given below:

Check out CA Foundation Exam Dates for the 2024 Exams

Paper Subject Dates Duration Timing
1 Principles & Practice Of Accounting 20th June 2024 2.00 pm to 5.00 pm 3 Hours
2  Business Laws 22nd June 2024 2.00 pm to 5.00 pm 3 Hours
3 Business Mathematics, Logical Reasoning and Statistics 24th June 2024 2.00 pm to 4.00 pm 2 Hours
4 Business Economics 26th June 2024 2.00 pm to 4.00 pm 2 Hours

 

Check out CA Intermediate Exam Date Sheet for 2024 Exams

CA Intermediate Exam Date 2024
Exam Subjects Exam Dates Exam Timings Duration
 

 

Group 1

 

Advanced Accounting May 3, 2024 2.00 PM to 5.00 PM 3 hours
Corporate laws May 5, 2024 2.00 PM to 5.00 PM 3 hours
Cost and Management Accounting May 9, 2024 2.00 PM to 5.00 PM 3 hours
 

 

Group 2

 

Taxation May 11, 2024 2.00 PM to 5.00 PM 3 hours
Auditing and Code of Ethics May 15, 2024 2.00 PM to 5.00 PM 3 hours
Financial management and Strategic management May 17, 2024 2.00 PM to 5.00 PM 3 hours

 

Check out CA Final Exam Date Sheet for the 2024 Exams

CA Final Exam Date 2024
Exam Subjects Exam Dates Exam Timings Duration
 

 

Group 1

 

Financial Reporting May 2, 2024 2 pm to 5 pm 3 hours
Advanced Financial Management May 4, 2024 2 pm to 5 pm 3 hours
Advanced Auditing, Assurance and Professional Ethics May 8, 2024 2 pm to 5 pm 3 hours
 

 

Group 2

 

Direct Tax Laws & International Taxation May 10, 2024 2 pm to 5 pm 3 hours
Indirect Tax Laws May 14, 2024 2 pm to 6 pm 3 hours
Integrated Business Solutions May 16, 2024 2 pm to 5 pm 4 hours

 

CA Articleship Expected Salary/Stipend in 2024

The ICAI sets the minimum amount of CA training that firms must pay for their articles, and firms determine the CA salary in India based on this requirement. The grant depends on the completed portion of the Articleship and the population size of the city or town where the firm is located.

1st Year:
Cities or towns with a population of 20 lakhs or more: Rs. 2000
Cities and towns with a population between 4 and 20 lakhs: ₹1,500

2nd Year:
Cities and towns with a minimum population of 20 lakhs: Rs. 2500
Towns and cities with 4–20 lakh inhabitants: 2000 INR.

3rd Year:
Towns and Cities having at least 20 lakh residents: Rs. 3000
Towns and cities with 4–20 lakh inhabitants: Rs. 25,00.

These figures are just provisional, and actual stipend payments may depend on firm policy and the market environment, among other determinants.

 

The CA Articleship for Required Documents

For the CA Articleship application (Form 103), you need to submit the following documents:

  • Certificate of Qualification/Mark Sheet of IPCC/CA Intermediate, which stands that you have passed all the groups, 1st group, or any group of CA Intermediate. Guarantee that this witness’s signature is ratified.
  • Your 12th grade mark sheet copy is for having your date of birth examined. Provide a signed, written copy of the statement.
  • A copy of the ITT and Orientation Completion Certificate is the second priority. Do not miss mentioning having your copy certified too.

 

CA Articleship Eligibility Criteria in 2024

To be qualified to undertake CA Articleship, candidates must meet specific criteria depending on whether they are following the CA Foundation Route or the Direct Entry Route:

1. CA Foundation Route:

Organise all of your working papers and documentation, and make sure to cover all items on your schedule.

  • Complete one or both CA Intermediate groups.
  • Complete a 4-week term of information technology training (ITT) and orientation training (OT).

2. Direct Entry Route:

  • Students enrolled in the commerce stream need to reach a minimum of 55% marks in graduation, while the science students, along with any other stream students, have to obtain more than 60% of the credit.
  • Participating in ITT and OTS is obligatory.

Candidates advising that the requirements for CA Articleship can be quite challenging and vary for every route chosen; therefore, it is advisable for would-be candidates to devise a good plan since the right preparation begins with planning.

 

Top 9 Firms for CA Articleship

Here are the top 9 firms for the ICAI CA Articleship:

  1. Deloitte
  2. PricewaterhouseCoopers (PwC)
  3. Ernst & Young (EY)
  4. KPMG
  5. Grant Thornton
  6. BDO International
  7. RSM International
  8. Crowe Global
  9. Baker Tilly

The ICAI CA Professional Session is a major part of the journey to becoming a Chartered Accountant. CA Articleship applicants undertake internships where they gain practical experience in accounting, auditing, taxation, and finance through hands-on exercises provided by senior professionals in auditing and accounting businesses.

 

Frequently Asked Questions About CA Articleship

 

1. What is the duration of industrial training?

Industrial training is for a period of 9 months to 12 months, permitted during the last part of the 2 years of training.

2. How much does Deloitte pay for CA Articleship?

The average yearly salary for an articleship at Deloitte in India is ₹ 4.5 lakhs, with salaries ranging from ₹3 lakhs to ₹4 lakhs.

3. What is the average salary for a CA articleship?

The average annual salary for a CA articleship in Bangalore or Bengaluru is ₹ 2 lakhs, with a salary range of ₹ 2 lakhs to ₹ 4 lakhs.

4. Does Articleship have a Saturday off?

All weekends—four Saturdays and four Sundays—are off for classes, training, and study.

Image By: Freepik

Leave a comment

Your email address will not be published. Required fields are marked *