Breaking: CA Articleship Period to be reduced from 3 years to 2 years

The Institute of Chartered Accountants of India (ICAI) has notified Draft Regulations of the Chartered Accountants (2nd Amendment) Regulations, 2022.

As Per Draft Regulations CA Articleship Period to be reduced from the existing 3 years to 2 years. Currently, CA Students to undergo Three years of Mandatory Articleship Training under Chartered Accountant in Practice. It is Mandatory for CA Students to do Three years of Articleship currently.

As per the Proposed changes, One Year of Post Qualification Training Under Chartered Accountant in Practice before taking COP and Two years of Articleship is Mandatory.

Below is the Extract:

In regulation 50,-

(i) In clause (ii), for the words ―three years, the words ―two years shall be substituted;

(ii) For the proviso to clause (ii), the following proviso shall be substituted, namely, –