04-18-2007, 04:05 PM
In "ICAP Training Guidelines", it is clearly mentioned that trainee students should be given rotation in different departments/sections of their respective firms; in order to get a full-time exposure of all business/financial working areas. Allocated hours are also mentioned in those guidelines. Trainee students should have a complete exposure of the following areas to have a full understanding/grip of the profession;
0 |-|| Audit & Assurance Services;
0 |-|| Taxation Consultancy;
0 |-|| Financial Management & Financial Advisory Services (FASs);
0 |-|| Risk Management Services; &
0 |-|| Consultancy Services (IT; Management etc.).
But, it is a general trend in almost all of the CA firms that once a trainee student is inducted in any of the department/section of the firm, he spends almost all of his training span in that department/section. This thing is very commendable. In my opinion, CA firms should comply with this regulation of ICAP strictly. No doubt, 'Audit' is the main hallmark of our profession but it doesn't mean that other areas are unimportant for the trainee students. There is also an excellent learning in taxation, consultancy & other sections etc.
0 |-|| Audit & Assurance Services;
0 |-|| Taxation Consultancy;
0 |-|| Financial Management & Financial Advisory Services (FASs);
0 |-|| Risk Management Services; &
0 |-|| Consultancy Services (IT; Management etc.).
But, it is a general trend in almost all of the CA firms that once a trainee student is inducted in any of the department/section of the firm, he spends almost all of his training span in that department/section. This thing is very commendable. In my opinion, CA firms should comply with this regulation of ICAP strictly. No doubt, 'Audit' is the main hallmark of our profession but it doesn't mean that other areas are unimportant for the trainee students. There is also an excellent learning in taxation, consultancy & other sections etc.
