<div>What 21st century articles want from CAs</div>
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What 21st century articles want from CAs

  • Highlights

  • Dynamic exposure to operations

  • Adequate stipend and leave

  • Variety in assignments

  • Notable achievements in resume

After completion of CA-IPCC, every CA student must undergo three years of articleship in a chartered accountancy firm. But the challenge for these students is to choose the best place that fits the purpose of articleship.
As challenging as it is for an article to look for the correct firm, equally difficult it is for a firm to attract the right talent as well as take care of the expectations of an article working with them. Firms are now spending more to hire competent talent and meet their rising expectations. This expenditure along with your other practice needs can be easily financed with quick and easy Business Loans for Chartered Accountants. Simply enter a few basic details and avail your pre-approved loan offers.

Expectations of a CA student from articleship:

1. Tax assignments vs. Audit assignments

Articles may or may not have a choice to decide the type of work in the beginning but with time and experience they can be involved in in more strategic aspects of the firm. If they are planning a career in practice, exposure to both audit as well as taxation would help them in the future.

2. Big Four vs. Medium CA firms vs. Small CA firms

Articles have a choice between top CA firms and average CA firms. Usually top CA firms are located mainly in big cities. So, if they belong to smaller towns they may have to move from their native place. Take care to make them feel comfortable in their surroundings. Articles usually choose smaller firms to get more exposure, while the bigger firms attract those looking for industry-best practices, higher stipend and exposure to bigger clients.

3. Stipend as a parameter for decision

It cannot be denied that the higher stipend is always attractive. It helps attract top talent, and could be the difference between you redoing work, or getting it done effectively through the articles. Moreover, in the minds of articles, a higher stipend also improves their self-worth and their contribution to the organisation.

4. Adequate leave for exam preparation

This is the most critical call for most students. One must not forget that everybody requires leave for exam preparations. Allowing articles hassle-free leave for this will boost their morale and gain you brownie points as an employer.

5. Value addition to resume

Articles who want substantial value addition to their resume usually choose to join big audit firms (Deloitte, KPMG, EY, and PWC). However, everything comes with its pros and cons. One aspect to be kept in mind is that one would probably be working in the same department for the entire tenure. If possible, consider mixing it up for the articles, as the articleship would be more meaningful for them if they gain exposure to multiple facets of a chartered accountancy firm.

Conclusion

Articleship is the learning period of a CA student’s career. The experience which articles get during their training period is invaluable. However, students often opt to register for articleship under a known/relative who is a practicing CA, and choose to avoid undergoing training because of issues like getting leave approvals and relevant exposure as mentioned above. Hence, it becomes challenging for firms to get articles, which can be dealt with a favorable mindset towards these budding professionals.

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