For all those supporting 3Yrs Articleship, read this!
With the Finals shifting back to twice a year, people are now supporting to bring back 3yr articleship. The argument they give is Articles are not able to learn that much in 2yr period + there is shortage of articles for firms.
First of all, with Inter being 3 attempts, there are ample number of articles available in a year for a firm.
Second, there are many many students who start their CA late or even if they start early, they have failed in many attempts. Making their age of clearing CA inter somewhere around 20, 21, 22.
Now at this age, doing a 3 years articleship means they will probably become CA at around 24, 25, 26 assuming they clear Finals in first attempt. Now if they fail in one attempt, this age keeps getting pushed forward.
No one wants to be financially dependent on their family till that age. Even many students dont have that option. They need to become CA asap to support their Families.
Regarding that learning point, its not that tough. 2 years are enough to learn the work of your domain. And even you can learn after becoming a CA. That why CA is called a "Practice" and not a "Business".
I really DON'T want ICAI to bring back that. Else, many dreams would be shattered!