A BIG NO Articleship is the backbone of CA Course. If passing the exam is important than doing Articleship is also equally important. On should not think of dummy Articleship even in their wildest of thoughts.
If you belong to a very small city then it’s better to move to a bigger place to get a good exposure. But moving to a different place comes with lot of additional burden. If you stay with your family you need not bother about your food and other basic necessity but the moment you move out, along with tuition and office you have even a home to manage. In case you are taking the decision of moving out get mentally prepared for the additional responsibility and see that you stay there for complete 3 years of your Articleship.
Big Firms give the exposure of big corporates, highly professional environment and standard working procedures but at the same time they don’t give you exposure of different areas. If you are very sure about your interest area then you must go for big firms provided you get that section. For Ex. If a student is willing to expertise and practice in internal audits then he can approach big firms where he will get good exposure of the best of the audits. But if a student is not very sure about his interest area then preferably he must opt for mid-size firms that will help him to explore about his own interest. Small firms will not give much learning experience.
It’s not at all a good idea. When a student is in his first year of his Articleship he gets the preliminary task like vouching, reconciliations, balance confirmation etc. When he enters the second year of Articleship he is given the responsibility of ledger verification and making the draft reports and in the third year of Articleship the article gets the responsibility of handling the complete audit along with finalization and discussion with management. Now in case the student takes a transfer after first year of articleship he gets to learn only the preliminary task and the moment he switch to another firm the new firm may not directly treat him like a second year article because every firm has their own style of working and the student may have to invest something between 3 to 6 months to know the systems and procedure of the new place again ending up with the basic task.
In my opinion unless it’s an extreme situation one must not take transfer.
As per the present scenario the job of a CA firm is not restricted only till audits there are different areas in which a CA firms offer services. Some of the most commonly known are:
Still having queries then attend Articleship Boot Camp