The ICAI President CA. Nihar N. Jambusaria said that CA students can undertake Industrial Training for a period between nine months to eighteen months in Judicial Authorities, Regulatory bodies, Banking Companies.
He also said that It is important for the members to provide extensive training to the students covering multiple areas of professional practice. The profession of Chartered Accountancy offers a broad gamut of professional opportunities in various forms. A need was felt to expand the scope of industrial training to provide more avenues and encourage students to take industrial training.
“The wishes were fructified as 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 months to eighteen months. Industrial training shall also be allowed 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 Organisation as may be decided by the Council from time to time to further widen the learning scope for students, he also added.
Further, considering the fading economic geographical boundaries and interest of many students to explore overseas opportunities, the scope of industrial training has been expanded to include training for a certain period in any foreign country under a member of the accountancy body recognized by the International Federation of Accountants. While interested students should take full advantage of emerging opportunities, as members you are requested to inform and encourage them to take up these opportunities.
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