The concept of Industrial Training was introduced by ICAI to develop a problem-solving attitude amongst future CA's and to give an insight into what the role of a Chartered Accountant is, in the industry
2. What is ca industrial training
● Industrial Training is a type of practical training that takes place in a firm or an
industrial setting to assist students in learning the necessary skills to become
future professionals.
● ICAI industrial training aims to provide individuals who want to work in the
industry with the necessary practical experience and understanding of how
the finance department works in a business setting. It fosters a
problem-solving mindset in prospective chartered accountants and prepares
them for future employment.
3. Eligibility Criteria for Industrial Training
● A candidate who has passed the Intermediate or CA IPCC Examination (both
groups) is eligible to work as an industrial trainee in any of the financial,
commercial, or industrial undertakings as specified by the council, or in any
other institution or organisation as approved by the council from time to time,
according to the Chartered Accountant Regulations.
● Only the last year of an article assistant's required Practical Training/
Articleship can he/ she work as an Industrial Trainee.
● The article assistant must notify his or her principal of his or her desire to
participate in such industrial training at least three months before the training
date.
4. Procedure for Industrial Training
you can fill form no. 104 by following the below steps:
● Go to ICAI Self Service Portal (SSP)
● Log in using your User Id and Password
● Go to Articleship Cycle
● Click on the Articleship/ Auditship tab available on the left side of the portal
● Click on the articleship menu
● Go to Industrial Training (Form No. 104) option
● Submit all the required details and click on submit
● Now your form has been submitted and will be sent to the Principal (under whom industrial training will be done) for
approval.
● Once your application has been approved, go to the “Submitted/ Pending Actions” (in the articleship tab of the
articleship cycle option of the SSP Portal) tab, download the PDF of the form, get it signed by the Principal and
upload the scanned copy along with the deed in order to complete the registration process.
5. Industrial Training Duration
The period of industrial training may range between a minimum of nine months and a
maximum of twelve months during the last year of the prescribed period of practical
training.
The period of industrial training is treated as service under articles for all purposes of
the Chartered Accountant Regulations.
7. Pros
● Industry Exposer
● Better Career in the industry
● Helps you grow in your field of Specialization
● New working culture
● Only five working days a week
● High Stipend amount
● Good contacts for future opportunities
● A Brand Name gets added to your profile
● Increased opportunities of getting placed in larger organizations (outside of Audit Firms)
10. How to apply for Industrial Training and Selection Process
You can directly apply in the ‘careers’ section of the company’s website where you wish
to pursue Industrial training in case there is a vacancy.
You can also enroll yourself on the ICAI Articleship and Industrial Training Portal to get
an opportunity of pursuing articleship in the companies registered on the portal.
You can also register on various job portals to find an Industrial Training opportunity
that best suits you.
Selection Process: The selection process for Industrial Training generally includes a
telephonic interview by the company or an online written test or sometimes both.
11. Working Hours and Days of Industrial Training
Normally, the timings for Industrial Training in most of the companies is 10
am to 6 pm (approximately 8 hours)
And generally, there are five working days during a week during Industrial
Training.
12. Stipend in Industrial Training
The amount of stipend offered varies from Industry to industry,
company to company. But generally, it is seen that companies give a
handsome amount of stipend to their Industrial Trainees which ranges
from Rs.15,000 to Rs.40,000 a month.
