look news india
News India Live, Digital Desk: Students who are studying CA (Chartered Accountancy) know that articleship is the most challenging but important part of their career. Many times students have to face problems like managing their training diary along with office work and not getting their stipend on time. But now there is no need to panic, because the Institute of Chartered Accountants of India (ICAI) has taken a very good step.
What is this ‘Digital Training Diary’?
Till now, CA students had to keep records of the work done during their articleship on paper or in old files, on which a lot of time was wasted even in getting the principal signed. Now ICAI has completely Digital (Digital Training Diary) Have decided to do.
This simply means that now the record of what you are working and learning throughout the day will have to be updated directly on the online portal. This will bring transparency and it will be easier for students to track whether their training is going in the right direction or not.
Stipend will also be tracked online now
Often a major complaint of students is that they do not get the stipend received during articleship on time or there is no clarity regarding it. ICAI has now decided to improve this also. Now monitoring of stipend payment will be done online.
The advantage of this will be that the system will know when and how much payment has been made to which student. This will ensure cleanliness in the transactions between those firms and students and the scope for delay will also be significantly reduced.
What are its benefits for students?
- Time Saving: You no longer have to worry about filling out old diaries and keeping them safe. Everything will be at one click on your smartphone or laptop.
- Correct training: With a digital diary, both the student and the institute will know exactly what work you are learning.
- Protection of rights: Online stipend tracking will ensure that students receive their wages on time.
What needs to be done next?
If you are an article student, you will soon get the facility to sync your details and training data on the new portal of ICAI. All you have to do is keep updating your work there regularly.
This step is a big initiative towards making the CA profession more modern and technology friendly. Now students will be able to concentrate completely on their studies and practical training, without any administrative hassles.
It is hoped that this decision of ICAI will make your journey of becoming a CA a little more easy and professional.
