8 Things you should know before joining Articleship

 

Most of the students keep asking for a list ofGood CA Firms’. for this question, the answer is that there is no such list of ‘good’ CA Firms. All firms are good provided one fits in it. Yet searching for a list of Firms?  Yet confused, why there is no such list? If you are a CA student, and still trying to find a firm for articleship training, then read on. While the ICAI has members directory, the CA’s and CA Firms cannot be found as brand products. The reason is simple. CA firms cannot advertise their services! Consequently, the students of Chartered Accountancy Course are hard pressed to find firms for articleship training. Often students would like to have a list of “good” firms.

The Dynamics of CA Firms

However, in a way, all firms are “good”. It’s only a matter as to how one fits into that firm. But more than that, the dynamics of the firm is dependent on various factors that make it good or not so good from the perspective of the student:

Articleship
1) Availability of work:

The CA student is brimming with a drive to get the opportunity to do work that is meaningful to him. So she/he would prefer to do training in a firm that has plenty of work. However from the perspective of firm ‘work’ is not static. This may change from time to time. For example, (a) firms having a statutory audit of banks for a certain number of years are put on compulsory rest for certain years.

The CA student is brimming with a drive to get the opportunity to do work that is meaningful to him. So she/he would prefer to do training in a firm that has plenty of work. However from the perspective of firm ‘work’ is not static. This may change from time to time. For example, (a) firms having a statutory audit of banks for a certain number of years are put on compulsory rest for certain years.

(b) The clients may change due to the nature of the work. For example, when the use of the internet for e-filing of returns had started, it created a situation where some CA’s did not have adequate infrastructure, and therefore they had to outsource their work to other CA ’s! And so on…

workload2) Division of Work among Partners:

The Partners may have divided the work among themselves. So one partner may be focusing on Income Tax, the other may be on Company Laws and the third one may be looking after Audit. So, the student doing articles under the particular Principal would have more of particular kind of work. In one of the firms where I did articleship, my Principal was looking after income tax, so I had more of income tax, whereas the other partner was looking after Company Law, so Company Law related work was nearly nonexistent for me.

Deloitte_209568c

3) Standing of the Firm:

Often new firms do not have much work. However, such CAs are more accessible to their Articles. And also often such CAs get different kinds of outsourced works from other CAs. In contrast, big firms may have a large number of works, and due to the nature of work, the Article working in a Big Firm may be doing only one kind of work without getting exposure in other aspects.

4) Departmentalization in the Firm:

Some firms prefer to organize their work in departments, and they tend to assign their Articles to such departments. So, an Article working in one department may not be aware of the intricacies of working in the other department.

5) Career Objective of the Article:

A simple thumb rule is that if the objective of Article is to go for employment after qualifying, then they should go for the Bigger firm, and join the particular department in which one wants to make a career. In contrast, for those who want to go for Practice, it is preferable that they join a mid-size firm where one can get the diversity of exposure.

wire-transfer-icon
6) Taking Transfer:

ICAI keeps on changing the rules of transfer from time to time. However, for the student, it is often a good thing if they work in more than one firm in their span of articleship duration. This is because, this gives them exposure to working with different firms, and also exposes them to different temperaments of CAs. This is quite helpful for them in their career.

7) City of Articleship:

images

 

In general, the economic scene in India is pretty much skewed. And CA (in most cases) being a localized profession, the kind of jobs that come to CAs are most of the time local. So a company in say Hyderabad would not go to get its audit done from a Kolkata firm. This leads to a situation, that in cities where there is lots of business the work available is more. So in Metros and mini Metros, there is often a better chance of a good exposure than doing articleship from other towns. Another thing is that often in a city where there is a High Court, the Tax related works are to be found with Lawyers. This is because Lawyers can represent their clients in Tribunals and also High Court and Supreme Court. Whereas, the CA cannot represent the client in HC or SC. (And till date NT T has not come into existence). So in such cities, while the Tax audit work would come to CA, in many cases, the tax work would remain with the Lawyer.

8 ) The Local Language:

This is an important aspect, which is often not understood. There are various local laws that a business has to comply with. Like Sales Tax, Municipal Laws etc. Apart from this, there are local purchases etc. Often, such records are in the local language. Moreover, whether it be work of audit or tax, the people one is dealing with an Article, are more conversant with the local language. So, unless one knows the local language well, it becomes difficult to understand or extract information from the clients.

Tips for Finding Firm for Articleship Training

Generally one should start searching for the firm in right earnest after one has appeared for the exam. One should be clear as to what one wants to do in life. Because at this stage where one is going to do articlship, it is like getting initiated in the Profession. If the student has a clear idea of his career objectives, then the three years can be most productive and a stepping stone to a successful career.

Waiting for your feedback:)

Post by admin

Leave a Reply

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