Is there any limit for engaging trainees by Practising Cost Accountant or Firm of Cost Accountants or Organizations?
Yes, the Institute prescribed the limit for imparting training by all of them. The limit is set individually for Practising Cost Accountant based on his Associate/Fellow membership with the Institute. Associate practising member is entitled to train maximum 5 trainees whereas Fellow practising member entitlement is maximum 10 trainees. This limit is fixed irrespective of his being partners in number of firms i.e. being partner in a number firms will not increase his entitlement to train cost & management trainee and his entitlement will be determined individually and not on the basis of firms.
