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CURRICULAM VITAE

____________________________________________________________________________________

SHAKTI SINGH

342-A-9,Block A, Gali No-6


South Ganesh Nagar,
Mobile: 9891945792 , New Delhi – 110092,
E.mail: shakalone@gmail.com

__________________________________________________________________________________

Career Objective

To work in a position where my skills and knowledge are utilised in the best possible way and
which provides me with an opportunity for growth in my professional career.

Professional Qualification

Qualification Institution Month & Year of Marks (In %age)


Passing
CA-CPT ICAI Dec.2008 60
CA-IPCC ICAI Nov 2010 Wait

Academic Qualification

Qualification Institution Year of Passing Marks (In% age)


B. Com (1st) Allahabad University persuing

Intermediate C.B.S.E 2008 62.5


Matriculation U.P. Board 2005 70.5

Computer proficiency

 Successfully Completed the 100 Hours Computer training Programme of Institute of


Chartered Accountants of India.
 Knowledge of accounting softwares like Tally, Busy.
 Successfully Completed 30 hours orientation traing programe of institute of Chartered
Accountants of India
Working experience
 1 year experience in ONDOT courier chandigarh
 Good experience in dealing with people
Hobbies & Interests

 Playing and Watching cricket,swimming l


 Listening Music.
 Chat with friends
 Read newspaper articles when leasure

Personal Information

Date of Birth : 15th july 1991


Nationality : Indian
Gender : Male
Marital Status : Unmarried
Languages Known : English, Hindi,punjabi & Bhojpoori

(SHAKTI SINGH)
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« Understanding Balance Sheet
Fringe Benefit Tax »

So You Want To Do Articleship?


Posted by Anup Mukherjee on 27 February 2006, 1:34 pm Category Articleship TrainingTagged CA Articleship Last
Update: 25 November 2010, 3:06 am
Download the article as PDF

1. Initial Experience
2. Articleship Scheme
3. Is CA cheap? The Stipend
4. Dummy Articleship
5. Control Mechanism
6. Notes for serious aspirants
1. 1. The big four…
2. 2. Other bigger Indian firms…
3. 3. Why is that the information on these so limited…
4. 4. Is big beautiful…
5. 5. Stipend
6. 6. The process of inducting articles…
7. 7. Articleship, hard work and time…
8. 8. The best place…
9. 9. Does one get stuck…
10. 10. Articleship Under Whom ?
11. 11. Industrial Training
12. 12. Articleship Abroad
13. 13. CA: One Course but Many Differentials
7. Please Suggest Firm to do Articleship
8. But a List is Still Required…

The Chartered Accountancy Course is a very demanding and interesting course. Not only that
the course content is tough, it even requires three years of rigorous training under practicing
Chartered Accountant to gain practical experience in the various fields relating to accountancy.
This can be in the areas of accountancy, statutory audit, internal audit, tax audit, taxation,
management consultancy etc. One can also in the third year do industrial training in some
organisation under a CA working in that organisation.

Initial Experience

I had cleared the first group of inter, and after the exams for the second group, I started to
search for articleship. And here the most interesting part of my sojourn to the world of
articleship began. I went to meet a CA whom I had known for some time. When I mentioned
that I wanted to know about where I should do articleship, I was confronted with the question –
“Tell me you want to do articlesihp or what?” The question was really very confounding and
quite strange. I had asked where I should do articleship, and I was asked back “you want to do
articleship or what?”. I said, “yes I want to do articleship thats why I have come to you for
guidance”. So that well intentioned CA again quizzically asked – “So, you mean to say, you
want to work?”. I wouldn’t go into detail of that conversation, but suffice it to say, that for
getting a proper firm to do articleship, I visited handful of firms and spoke to CAs from young
ones to elderly ones, and in most of the places, I was asked, “Are you sure you want to do
articleship?”.

Coming from a non-CA backgroud, that question was a bit difficult to understand in the
beginning, but gradually as I explored the exotic world of CAs, the things became clearer and
clearer. So, without going into details, I would rather put the things in some perspective.

Articleship Scheme

The CA course requires that the CA student work as an Articled Clerk under a practicing CA,
or if s/he is already working in some CA firm for over a year, then s/he can enrol as an Audit
Clerk, and the duration in this case is four years. Needless to say, no one enrols as an Audit
Clerk, and everyone goes for Articleship. In one of newspaper article I recently read, as it said,
– the Audit Clerk was obsolete. So, needless to say, those who clear the inter/ pe2, and want
to pursue the CA course to the full, enrol for articleship.

Is CA cheap? The Stipend

For articleship, the institute prescribes a certain amount as stipend for the first, second and
third year of articleship. Though it never says that such stipend is fixed or it is a minimum base,
most of the CAs would prefer to hire the articles at the stipend stipulated by the institute. One
can see it in many ways.

The CAs would prefer to see it as a cheap source of semi-trained manpower. The institute
perhaps sees it as an opportunity that is being given to the student to gain practical training
and also get some pocket money. From the students point of view, it is nothing less than
cheap labour, as one is doing all the things and getting notional payback. Another way to look
at it is that the CA course is quite cheap compared to other courses like MBA. However when
one becomes CA, the payback becomes quite good. So in some way the money / labour that
one expends that in a way subsidize the firms, despite of the notional stipend, goes to add to
the cost of CA course. That way it makes the CA course equally expensive as the other
professional courses.

Only a handful of audit firms pay proper stipend, that may range from Rs. five thousand to over
ten thousand, depending on ones location and the firm. If one is doing articleship in one of the
audit firms linked to the big four consultancies, then one can hope to get good stipend. Some
bigger audit firms not having links to the big four also pay good stipend. During industrial
training, if one gets into some big company then one can get a good stipend that might be at
par of remuneration, and may not really rank as stipend.

Update Sept 2010: The official minimum stipend is to be doubled by ICAI.

Dummy Articleship

Coming to the main question, many of the CA students would prefer to enrol in articleship only
in name, without actually doing the articleship – ie. as the street name goes – they prefer to
do dummy articleship. There are various reasons why a student might want to indulge in such
malpractice. I knew a guy, whose brother after clearing inter, was working in some metro, while
doing dummyshipbeing registered with some rural chartered accountant. Not just that, even I
was told by a well established Chartered Accountant, that I could enrol as an article with him,
while I might work with some organisation, provided I did not sign any report there! As he said
– “I will not have any problem, as I could easily get out of that, but if you get caught, you would
be in deep trouble”!

One should remember quite clearly that articleship entails cost in various ways, and also
entails lots of time doing outstation audit and related works. This leads to tremendous paucity
of time for studies. Most of the student therefore find the easy way out. Apart from the pressure
of the peer group, when ones friends are earning well, and one is earning pittance as an
article, there are individuals who might think in terms of dummyship.

Control Mechanism

It seems that the institute does not have any control mechanism to check such practices.
However, if such thing is found out later, even the registration may get cancelled. (In 2010,
ICAI derecognised the training period of certain articles that it found were dummy) So beware
before one even thinks of indulging in such malpractices. However, if the student indulges in
such practices, it is the students who are the loser. Those students who indulge in such
practices, even after doing CA in the end are left with just another degree and the always
looming threat of cancellation of registration. CA is about the professional exposure and
experience that one gains during articleship. Without that the CA is just another degree.

So, invariably my answer to “Are you sure you want to do articleship?” was always a
resounding Yes!

All the experiences mentioned result from my meeting people/ CAs at Asansol, Kolkata and
Jabalpur. Below I write compilation of some of the additional information / experiences in my
search for articleship –

Notes for serious aspirants

1. The big four…

The big four are the consultancy firms that have worldwide presence and have the highest
revenue from fees based consultancies. These includes KPMG, E&Y (Ernst & Young), Delloitt,
and PwC (Price Waterhouse Coopers). Technically these are consultancy firms and therefore
one cannot do articleship in these. However one can do articleship in the audit firms that are
linked to these firms. These audit firms include: for KPMG: BSR & Co (previously Bharat S
Raut & Co) etc; for E&Y : SR Batliboi & Co, for Delloitt: AF Ferguson & Co, C.C.Chokshi & Co.,
Fraser & Ross, P. C. Hansotia & Co. and S.B.Billimoria & Co; and for PwC: Price Waterhouse,
and Lovelock & Lewis. Here one must remember that while the consultancies are private
limited companies, the audit firms are partnerships. This is because that unlike any other
company, the auditors doing statutory audits cannot have limited liabilities. The stipend in Big 4
firms for first year can range from 4000 to 6000+ depending on the firm and the city. This
would go upto 8000 to 10000+ in the final year of articleship (2008). The good thing is one gets
good exposure to work methods of Big Companies (most of which are listed companies). The
flip side is one should be ready to travel and do onsite audit – someone working on audit would
be doing say 15 to 20+ days of travel a month on average. Even otherwise, the work schedule
can be hectic and there can be problems in taking leave.

2. Other bigger Indian firms…


While the audit firms that are linked to the big four are the biggest audit firms in India, there are
many other big sized professional CA firms firms, some of them have foreign link up as well.
These includes Lodha & Co (link with BDO), KS Aiyar & Co (linked with Baker Tilly), RSM &
Co, Ajay Sethi & Associates (ASA), Haribhakti etc. Many of these firms also have their own
consultany companies or consultancies linked with some international brand. These firms may
also have overseas works related to internal audit and consultancy. Of course, there may be
many additions to this list – from different parts of the country. However, the question that one
should always ask is whether the firm is being run professionally or like any business shop! For
example, at one of the mid size CA firms that I went to and met its managing partner; while the
elderly gentleman definitely seemed to have made a big business through audit and tax
consultancy – as he told me – “come, work here for two three weeks, and then decide whether
you would like to do articlship here, we can always get your form submitted back dated”!. While
the offer seemed quite innocuous, as if putting the ball in my court – I only thanked him for his
offer and never again went there, as I believe that a CA should be professional in his conduct
under whom one is offering oneself for training.

3. Why is that the information on these so limited…

The Chartered Accountants and their firms are prohibited by law to advertise themselves.
Whatever publicity occurs, it is often by word of mouth due to reputation that one has in the
line or if some of them are active in the seminar circuits. The CAs cannot also put their firm
names when they are authoring any book or publishing any article having wide circulation.
There are even rules for CA firms putting up their firm websites. All these adds up to the
situation where the aspiring CAs are left with little information regarding the field of CA except
for what is published by the institute. CAs who are auditors are ‘backroom boys’ and do not get
the limelight that the entrepreneur or a CA in employment as a CFO might get. Adding to the
paucity of information, even some of the big four audit firms may not have a website!

4. Is big beautiful…

It depends on you. Big can be beautiful or ugly depending on ones preferences. If you are
entrepreneur like, and do not like the corporate culture and aim to open your own firm, then a
middle size firm for articleship should do good for you. Small sized firms or new firms dont
have enough work available for the exposure that is needed to do articleship. Many of the new
firms or smaller firms do the work of other bigger firms that they get on sub contract from the
bigger firms. Apart from this, there is also the variety of work that is important. I met an HR
executive of a big Four firm, and wanted to know about the variety of works for articleship
purpose, and looking at my qualification, the HR executive was a bit amazed, saying that I was
overqualified and there was no problem for my articleship; however the executive, somewhat
disdainfully added – “…the articles do only statutory audit, and hardly would an articled trainee
be put on any other assignment!” In contrast, in a well known (top ten) big firm (where I had
been selected after interview – though later I did not join it), I was told, that since I had an
MBA, I would be engaged in management consultancy works as well – apart from the statutory
and internal audits.

5. Stipend

ICAI prescribes a minimum amount as stipend per month. For first year it ranges from Rs. 500
to 1000 per month, and with prescribed annual increment of Rs. 250 reaching upto Rs. 1000 to
1500 per month in final year of articleship. (Update Sept 2010: The official minimum stipend is
to be doubled by ICAI.) It is strange, that on one side, ICAI as per deed of articles considers
the article to be full time employee – but for stipend purpose, one is still a student! This stipend
is less than even the minimum wages (and I have read somewhere that at one time ICAI even
shot down government proposal for implementing Minimum Wage Act for its articles saying
that Govt was interfering with the Autonomous Regulatory Body)! Most of the small and
medium CA Firms would prefer to pay their trainees at these minimum rates only – some may
add a few hundred more to bring in parity between their other employees and the articles.
Though, in Metros and Mini Metros, one may expect a ‘bit’ more. Only the Big Four and the
very few other big firms pay reasonable stipend.

6. The process of inducting articles…

The standard process is the interview. I have not heard of any written test taken by any firm.
But no one is barred from that. Usually one needs to apply to the firm, and appear in the
interview. Some bigger firms may also take two interviews – one the standard interview and
the second the partner level interview. In the end, one is doing articleship not under the firm,
but under a CA. If you have been associated with the firm, or know the CA, you may not even
need to appear for the formal interview. In one of the firm (top ten), that I contacted, the first
level interview was taken by one of the partner, and the second level interview was taken by
the managing partner heading eastern region – and the questions ranged from accounting
entries, to audit issues like company audit, to risk analysis, among others.

7. Articleship, hard work and time…

Yes, articleship entails hard work. As regards time, though the institute prescribes certain
norms (working hours, holidays etc), no firm really adheres to such stipulations, and the
articled trainee would have to follow the rules of the firm (and if he is unlucky, the whims of the
partner) in this regard. If one has to do works relating to statutory audits and internal audits,
then one may need to travel to distant places – it can be city where the offices of the company
is situated or even a factory site in remote places.

8. The best place…

CAs deal mostly with audit of financial transactions and taxation matters. Wherever there are
large amount of financial transactions, the audit work would be required. In India, the best
place perhaps is Mumbai, which is considered the financial capital of the country. Then there
are the four – five metro cities where the bigger firms are concentrated. This is also because
the head offices and decision making centers of the companies are also situated in these
metro cities. Next to metros, there are also some other cities that are financially important like
Kanpur, Indore, Coimbator etc. Place of articleship is perhaps less important compared to the
nature of exposure to work that one is getting and also the variety of work that one gets to do.
Moreover, as regards audit work – whether statutory or internal audits, the articled trainee may
have to travel to distant places. Such outstation tours may be for a month or even more. These
places can be remote areas where factories or mines or any such manufacturing
establishments are located.

9. Does one get stuck…

No. The articled trainee can change his principal (with mutual agreement) under whom s/he is
undergoing training. However one should give at least a six month shot (perhaps at least a
year), before thinking of changing bosses. It goes without saying, that unless there is
something terribly wrong, or the newer opportunity are too alluring, or there are compelling
situations, one should not change. Usually the longer one stays, one gets better assignments,
more responsibilities and gets more involved in the work of the firm. In such decision of
change, the institute plays no role. The articleship deed is exclusively between the articled
trainee and the CA.

[Update: From April 2009, ICAI has made provisions of transfer very difficult. It has prescribed
few specific circumstances / conditions and only on fulfilling that the Article is permitted to take
transfer - for details see this comment]

[Another Update: In July 2010, ICAI announced that transfer of articleship would be available
without restrictions in the first year of articleship]

10. Articleship Under Whom ?

A student can take up articleship under a CA in Practice (ie. holding Certificate of Practice:
CoP for short) or under a Qualified CA who is in employment under a CA holding CoP. ICAI
places restrictions on number of articles that a CA can take under him based on (a) Number of
years of holding CoP, and (b) If qualified CA in service under a CA in practice – then size of
organisation.

For a CA holding CoP

No. of Years of continuous practice No of articles


0 to 3 yrs 1
3 to 5 yrs 3
5 to 10 yrs 7
more than 10 yrs 10
For a Qualified CA in service under a CA holding CoP / or in service in a Firm of Chartered
Accountants

Number of Full Time Salaried CA Employees


No of articles
in the Firm
0 to 100 1 per Qualified CA employee
100 + 50% of the number of such employees above 100 (i.e., a
101 to 500
maximum of 300)
501 or more 300 + 20% of the number of such employees above 500

Generally, students do articleship under a CA in practice (Proprietor or Partner of Firm).


However, provision relating to training under CA employee applies in case of Big CA firms
where the partners may not have enough time to devote to training.

(Here it is pertinent to note that it is only the Proprietor / Partner of a CA Firm who are eligible
to sign audit reports under various statutes. CA in employment cannot sign such audit reports)

11. Industrial Training

Industrial Training can be done in the last year of articleship training. Only students of CA Final
are eligible for Industrial training. This training can range from not less than nine months to not
more than one year. Such training gives good exposure to the article to the working of the
organization. Usually the CAs who have done industrial training are preferred by employers –
as they have exposure to the working of particular sector. Good Industrial training opportunities
are always there – eg. Industrial Training by NHPC. However such vacancies are not
advertised widely. ICAI has a publicly accessiblelist of companies that is registered with it to
provide industrial training. Industrial Training can also be done abroad. More details relating
to industrial training in this comment

Also, one can do industrial training from Big4. In such case one does the industrial training
from the Private Ltd Company that does the Consultancy works – and these are eligible under
the ICAI rules to provide for industrial training.

12. Articleship Abroad

As per April 2008 issue of the CA Journal, the ICAI Council has approved guidelines for
permitting students to do their articleship outside India. This can be done in the overseas
centers of ICAI. As per the new guidelines, a student may get himself or herself registered with
a member of the Institute settled abroad and who is in full time practice there, provided such
member has a professional address in India. The rules relating to working hours etc. would
remain the same and the training would be regulated under same rules as are applicable to
articleship training in India. This means that the full period of articleship can be done abroad.
Also full prescribed period of Industrial Training can be done abroad – if one wishes to undergo
such training.

Similar provisions for Secondment and Industrial Training would also be available to articled
assistants abroad. Members working as Qualified/Paid Assistants in firms of Chartered
Accountants would be eligible to train one articled assistant, on the same lines as in India.

The overseas centers of ICAI are situated at: Abu Dhabi, Bahrain, Doha (Qatar), Dubai,
Jeddah, Riyadh (Saudi Arabia), Kuwait, Muscat (Oman), Lusaka (Zambia), Botswana, Nairobi
(Kenya), Lagos (Nigeria), Port Moresby (Papua New Guinea), Jakarta (Indonesia), London
(UK), Toronto (Canada), Melbourne and Sydney (Australia), New York (USA). Apart from this
the CA course can also be pursued from one residing in SAARC countries.

The latest updated (Nov 2010) guidelines relating to articleship abroad is


athttp://www.icai.org/new_post.html?post_id=6610&c_id=219

13. CA: One Course but Many Differentials

Eventhough CA is having one syllabus for all – it is articleship that sets the criteria of
evaluation. If you are in metro and did training under Big4/Other Big Firms – your
competencies would be much different than articleship in a smaller city. The simple reason is –
in Bigger Firms one gets to do audit of listed companies and exposure to different aspects of
finance. However, those students who have done training in smaller cities after qualifying may
join sectors / functions where they get domain / functional expertise – then their initial
handicaps get evened out. So if its service one is aiming at, then articleship matters a lot –
more than if one is aiming practice. At Practice, one is sort of an entrepreneur – and the skill
set required are pretty different than that of service. All these despite the fact that the
theoretical knowledge base remains the same for all students.

Please Suggest Firm to do Articleship

Simple answer is that there is no yardstick to measure suitability of firm. All firms are good – it
is a question of adjusting oneself to the firm. However, as a general rule, one should firstly
explore a few firms by meeting the proprietor / partner and checking out the office. The things
to see are:

1) Temperament and Reputation of the CA under whom one wishes to do articleship


2) Timing of Office – whether the time is adhered to – or how often one has to work late
3) Distance of Office of Firm from residence
4) Whether the Office has adequate infrastructure like Computers, proper sitting arrangements
for Articles etc.
5) Stipend offered
6) Whether there is rotation of work ie. exposure is given to audit, tax, company law,
consultancy etc areas or the Article is engaged only in one field.
7) How often one has to go for outstation audits
8 ) Whether one is given allowance/Out of Pocket Expenses for outstation audits
9) Whether the CA runs any side business and engages articles in works of that business
(Principals should not engage Articles in such manner)
10) Whether one would get adequate leave for appearing in Exams
11) Whether Articles are allowed to attend Seminars / Conference held by ICAI from time to
time
12) If there is valid reason, whether the CA would agree for transfer

One may not find answers to all these question – however as a general rule, one should
undertake articleship under a CA who is also a ‘good person’. Often such things can be found
from friends who are doing Articleship or from Coaching classes or from employees who are
working in that firm. Big firms have standard way of working, and there may not be much to
expect with regard to flexibility. In very big firms, one may not even meet his Principal on
regular basis, but only be working under the Officer in charge of training. Generally diverse
exposure is found in a mid-size firm. By mid-size firm is meant a firm with three to five
partners, and the firm itself being around ten years old. Smaller firms may not have adequate
work to keep its Articles engaged.

Also, as most of the Articles are going to have first time experience of ‘office’, the experience
can seem to be pretty frustrating in the initial few weeks. Often there is a clear divide between
aspiration and the actual practical situation – often this is a major reason of frustration. The
real thing is that the work of CA is not ‘exciting’ but ‘mundane’ and ‘tedious’ (some may even
term it ‘boring’), so if any Article Trainee comes for articleship for ‘thrill’ and ‘glamorous work’ –
then they are for a big shock. In fact, articleship work often entails long hours of sitting and
checking, and making sense from number and papers – the same may even be automated in
organisations – but in such case – one would be spending hours and hours in front of
computer checking numbers and figures, reconciling items, working with tally and (long) excel
sheets. So articleship is ‘real’ ‘hard’ work.

But a List is Still Required…

Then read: CA Articleship: How to Search for Firms for Training

The following articles may also be read for more details on articleship:

Articleship Certain Rules

CA Articleship Latest Changes

Related Posts
1. CA Articleship: How to Search for Firms for Articleship Training
2. CWA: A Better Career Option?
3. CA Articleship: Latest Changes
4. Articleship: Certain Rules
5. Ten Reasons to Think before joining Chartered Accountancy (CA) course

Filed under Articleship Training Tagged CA Articleship


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298 Comments
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1. Jesna John says:

December 1, 2010 at 5:35 pm

Respected Sir,
I am residing in Mumbai.I recently got married.My husband is working in Bahrain.I want to do my
Articleship in bahrain.But i dont know who are the members who are eligible to train me in Bahrain.Can
you help me with the same.Where can i find the list of members who are eligible to train me as per the
rules given by the Institute.

Reply to this comment

o Anup Mukherjee says:


December 1, 2010 at 6:38 pm

The Gulf Area is fairly good area for doing articleship – as ICAI also conducts its exam at Dubai.

As for Baharain, the official website of ICAI Bahrain chapter is:

http://www.bahrain-icai.org/

The list of current management committee (along with their email & phone) is located at:

http://bahrain-icai.org/index.php?option=com_content&view=article&id=93&Itemid=89

The address and contact of ICAI Bahrain is at:

http://bahrain-icai.org/index.php?option=com_contact&view=contact&id=1&Itemid=56

The revised guideline for articleship abroad issued by ICAI is at:

http://icai.org/new_post.html?post_id=6610&c_id=219

The important thing to remember is that the CA Partner of Firms as well as CA who are Paid Assistants
/Employees in such Firms (including Foreign Firms – fulfilling specified conditions) are also eligible to give
articleship training. So do read the FAQ carefully.
Good Luck

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