How to Choose CA Firm For Article ship??

How to Choose CA Firm For Article ship??

 

Article ship!! Probably the most important phase in the life of a student pursuing Chartered Accountancy. 

Do you know why Chartered Accountants have an edge over other professionals like Company Secretaries, CMAs, etc????

This is because of our Training during Articleship in various fields like Statutory Audits, Internal Audits, Taxation, ROC Compliances, etc. Accordingly choosing a place where you’ll get trained is a crucial decision.

Most of the times students make the wrong choices due to lack of guidance and end up spoiling his/her careers. Below are certain suggestions on how to choose a CA Firm for Articleship which are based on Hard core personal experience which you won’t find in any book.

1)  Talk to Seniors doing Articleship: 

A person who is already working in a CA Firm as an Article Assistant is the best person to guide. I will be sharing a lot of Articleship vacancies on my Telegram Channel “Professional Sansaar”. You can search “Professional Sansaar” on Telegram App to Subscribe to the channel for all such updates.

2) Working Hours: 

Working hours are one of the most important factors which must be taken into consideration while choosing a CA Firm. Yes, exposure is necessary but the end of the day your goal is to be a Chartered Accountant for which you need time to study. 

3) Exposure during Article ship:

 Already mentioned that exposure thing should be discussed with seniors working in a particular firm. There are a lot of Chartered Accountants who keep articles for work which are not meant for Articles or for doing some kind of work during the entire article ship which would certainly of no value addition to you. So be very sure about the work that you’ll get.

5) Leave Policy for Articles: 

 Leave Policy should be discussed in detail and should be taken in writing as most of the students must be doing Graduation along and hence must be requiring leaves in between. 

6) Don’t focus too much on Stipend:

There has been a trend these days of choosing a CA Firm based on the stipend offered. Please don’t be in a Hurry to make money. 

7) Permission to Attend Coaching Classes:

You will be required to attend coaching classes for certain subjects and hence permission must be sought well in advance i.e. when you will be allowed to take classes and make a proper plan for next 2-2.5 years so that all your coachings get completed before taking exam leaves and you get an entire period of 4-5 months for self-study. 

8) Out of station audits: 

You need to confirm at the onset whether they will send you out of the station for audits or not. 

9) Industrial Training Permission:

I have always suggested all my juniors that one should always try for Industrial Training during the last 9-12 months of their articles and hence permission must be sought from the principal regarding Industrial Training well in advance so that there are no issues later.

10) The distance of Firm from your Location: 

 If you are not brand savvy and more work-oriented, this becomes a very essential parameter to choose the firm. 

 believe, I have touched upon most of the relevant points which must be taken into consideration by you before joining a CA Firm. During this period between exams and results, I suggest CA Inter students to start working on these points i.e. make a list of all good CA Firms near your location or in the city where you’ll be doing Articleship.