March 18, 2015
Subject: Articleship issues in UAE
The matter regarding revision in the Guidelines of Articleship Training abroad was considered at the 340th meeting of Council held from February 10-12, 2015 wherein the Council agreed with the recommendation of Executive Committee regarding the revision of the existing Guidelines for Articleship Training abroad and agreed to the addition of proviso to the existing Guideline under point No. (iii). Pursuant to the approved Summary of decision the guidelines would now stand as under:
REVISED GUIDELINES FOR TRAINING OF ARTICLED ASSISTANTS OUTSIDE INDIA (APPLICABLE W.E.F….)
i. A Chartered Accountant is eligible to train an articled assistant provided his main occupation is the practice of the profession of Accountancy at the time of engaging articled assistants as well as in each of the qualifying years on the basis of which he claims eligibility to train articled
ii. Any member engaged in any other business, occupation or holding part time certificate of practice is not entitled to train articled assistant.
iii. Any member employed as a Paid Assistant or engaged as a partner in a foreign firm of Chartered Accountants will also be eligible to train articled assistants at par with the paid assistants with a firm of Chartered Accountants in India. All conditions applicable to the Paid Assistants in India would be applicable to them as well. However, in case of a foreign firm, such a foreign firm shall have at least one partner who is either a member of the Institute or who is eligible to become a member of the Institute, in terms of MRA.
Provided that every Chartered Accountant from ICAI who is registered as an auditor and obtained a license and registration number from the appropriate competent authority abroad to establish a professional firm and carry out the attest function and who meets the international/local experience and expertise criteria laid down by the law shall be eligible to train articled assistants as under: