The President of the Institute of Chartered Accountants of India (“ICAI”) in his message dated September 02, 2021 highlighted the importance of extensive training to the students covering multiple areas of the professional practice and said a Chartered Accountant (“CA”) students can undertake industrial training for a period between nine months to eighteen months.
Emphasizing the need to broaden the scope of industrial training in order to provide more opportunities and encourage students to pursue industrial training, he said that amendments have been notified recently in the Chartered Accountants Regulations that enhance the scope of industrial training.
Now a CA student can undertake industrial training for a period between nine to eighteen months in the offices of the Central or State Governments, Central statutory and judicial authorities, regulatory bodies, banking companies and such other departments of Central or State Governments, Institution or Organization as may be decided by the Council from time to time to further widen the learning scope for students, he added.
In addition, considering the fading economic geographical boundaries and the willingness of many students to explore overseas opportunities, the President said that the scope of industrial training has been broadened to include training for a specified period in any foreign country under the supervision of a member of an accountancy body recognized by the International Federation of Accountants.
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