ICAI - Three-month training to be mandatory after CA course
November, 18th 2009
Accounting regulator, Institute of Chartered Accountants of India (ICAI), is planning to introduce a three-month mandatory training course for its students who pass the chartered accountancy and accounting technician examination every year.
This would mean that a student after qualifying three year chartered accountancy course and one year accounting technician course will have to undergo an additional three months training programme.
ICAI president Uttam Prakash Agarwal said, At present, the students who are pursuing chartered accountancy course or accounting technician course will not get any in-house training in fields like IT, management, communication skills. The three months training given to the students will help them to cope up in a better manner in the corporate world.
For this the institute is planning to spend around Rs 200 crore in setting up centres of excellence at Jaipur, Jaiselmer, Hyderabad and Bangalore. The purpose of setting up these centres is for organising orientation programmes and providing training in various fields like IT, management and communication skills.
Agarwal further said, Once the infrastructure is created, we will make the training mandatory for three months as giving a better quality service is the need of the hour.
Agarwal also said that apart from the students who pass out every year from the institute, the existing members of ICAI can also join the training programme if they want.
The institute is also planning to conduct training programmes with the regulators like Sebi, Irda, CBDT.
ICAI has introduced a job portaljobs4CAs.icai.org that offers various job opportunities to its members. Agarwal said, The job portal of ICAI is a portal where one can find the best accounting jobs which would provide world-class and convenient placement services to our chartered accountants and accounting technicians.
At present, the average salary of a chartered accountant is between 6-7 lakh per annum whereas an accounting technician after pursuing one year course gets somewhere around 2-3 lakh per annum.