ICAI FAQ on: Intermediate (Integrated Professional Competence) Course (IIPCC)

articles)

Both Groups

of

Intermediate

(IPC) Course

(Without

articles)

Both Groups

of

Intermediate

(IPC) Course

& ATC

(Without

articles)

Both Groups

of

Intermediate

(IPC) Course

& ATC

(Without

articles)

Group I

of

Intermediat

e (IPC)

Course

Group I

of

Intermediat

e (IPC)

Course

Group II

of

Intermediate

(IPC) Course

(Without

articles)

Group II

of

Intermediate

(IPC) Course

(Without

articles)

Group II

of

Intermediate

(IPC) Course

(With

articles)

Group II

of

Intermediate

(IPC) Course

(With

articles)

Accounting

Technician

Course

Accounting

Technician

Course

Rs. US$ Rs. US$ Rs. US$ Rs. US$ Rs. US$ Rs. US$

Registration fee for ATC – 1,000 % % %% %% – 4,000 @@

Registration fee @@ 5,000 5,000 4,000 4,000 4,000 –

Registration fee for

Orientation Programme 1,000 1,000 1,000 1,000@ – 1,000

Registration fee for 100

hours ITT 2,000 2,000 2,000 2,000@ – 2,000

Registration fee for one

year work experience – ** ** ** ** ** ** – 2,000

Students’ Activities Fee 1,000* 1,000* 1,000* 1,000* 1,000* 1,000*

Students’ Association Fee – – – – 1,000 –

Registration fee as

articled assistant – – – – 1,000 –

TOTAL FEES 9,000 550 10,000 600 8,000 500 8,000 500 7,000 400 10,000 600

* To be charged only once at the time of initial registration.

** Students who opt for ATC along with both groups of Intermediate (IPC) Course / Group I of Intermediate (IPC) Course / Group II of Intermediate (IPC) Course have to pay Rs. 2,000/- or US$60

towards Registration fee for one year work experience.

% Students who wish to register for ATC along with Group I of Intermediate (IPC) Course has to pay Rs. 1,000/- towards ATC registration. No separate reading materials will be issued for ATC.

Foreign students have to pay US$ 60 in addition to the prescribed fee given above.

%% Students who wish to register for ATC along with Group II of Intermediate (IPC) Course has to pay Rs. 2,000/ – (Rs.1,000/- towards ATC registration fee and Rs. 1,000/- towards supply of reading

material). Separate reading material will be issued for ATC. Foreign students have to pay US$ 60 in addition to the prescribed fee given above.

@ Students who wish to register ONLY for Group II of Intermediate (IPC) Course has to pay Rs. 3,000/- (Rs. 1,000/- towards Registration fee for Orientation Programme and Rs. 2,000/- towards

Registration fee for 100 hours IT Training) and need not pay Rs. 3,000/- while registering for the other group subsequently.

@@ Registration fee includes registration charge (Rs. 1,000/- towards Board of Studies) and charge for providing reading materials.

 These students are required to commence articled training alongwith registration to Intermediate (IPC) Course by paying Rs. 2,000/- as Articled Registration fee.

B. Transition Scheme Fee Structure under Direct Entry Scheme for Existing registered students of CPT/ Intermediate (IPC)

Course (formerly known as Integrated Professional Competence Course (IPCC)):

Registration Options/

Various charges

Existing CPT Students who are Existing IIPCC Students who are

For existing CPT

and IPCC

students

Graduates/ Post

Graduates with

prescribed percentage

of Marks – Required to

Register for Both

Groups

(With Articles)

Intermediate level Examination passed

students of The Institute of Cost

Accountants of India/ The Institute of

Company Secretaries of India

Graduates/ Post Graduates with

prescribed percentage of Marks –

Required to Register for Both

Groups, if not registered earlier

(With Articles)

Registered in

Group II

of IPCC and

passed Group II

of IPCE/IIPCE

(With

articles)

Accounting

Technician

Course

Both

Groups

Both

Group Both Groups 1st Group 1st Group 2nd Group 1st Group

Rs. US$ Rs. US$ Rs. US$ Rs. US$ Rs. US$ Rs. US$ Rs. US$

Conversion Fee 500

700

+

60

(Optional)

500

580

+

60

(Optional)

+

120

Payable

while

joining for

Articled

Training

500

530

+

60

(Optional)

+

120

Payable

while

joining for

Articled

Training

500

580

+

60

(Optional)

500

520

+

60

(Optional)

500

580

+

60

(Optional)

500

650

Registration Fee for Both Group 9,000 9,000 — — — — —

Registration Fee for 1st Group/

2nd Group — — 8,000 7,000 6,000 7,000 —

Articled Registration Fee,

payable for joining the Articled

Training/ Work Experience under

ATC

2,000 2,000* 2,000* 2,000 2,000 2,000 2,000

Accounting Technician Course

(Optional) 1,000 1,000 1,000 1,000 1,000 1,000 8,000

Payable for undergoing the Courses:

Orientation Course Fee** 3,000 Payable

Separately

While

registering

for the

course

3,000 Payable

Separately

While

registering

for the

course

3,000 Payable

Separately

While

registering

for the

course

3,000 Payable

Separately

While

registering

for the

course

3,000 Payable

Separatel

y

While

registerin

g for the

course

3,000 Payable

Separ
atel

y

While

registerin

g for the

course

3,000

Payable

separately

IT Training Course Fee**

4,000 4,000 4,000 4,000 4,000 4,000 4,000

* Articled Registration fee shall be payable while joining for the Articled Training.

** Students shall be required to pay Orientation Course Fee and IT Training Course fee separately while registering for the courses to the concerned Regional/ Branch office, where student is

intended to undergo these courses.

C. Fees to be charged from the students registering for Intermediate (Integrated Professional Competence) Course / Accounting

Technician Course (ATC) but who are already registered for erstwhile Intermediate Course or Professional Education (Course-II) or

Professional Competence Course:

Courses from which student wishes to convert to

Intermediate (IPC) Course

Erstwhile Intermediate/ PE-II/ PCC Students shall have to pay Rs. 500/- as Conversion Fee

(inclusive of Study Material) while converting to Intermediate (Integrated Professional

Competence) Course , by way of Demand Draft drawn in favour of “The Secretary, The

Institute of Chartered Accountants of India, payable at Mumbai, Chennai, Kolkata, Kanpur

or Delhi”, as the case may be.

Note:

1) Students who wish to join for Accounting Technician Course (ATC) have to add Rs. 1,000/- towards

ATC registration.

2) Registration fee for Information Technology Training (ITT) is Rs. 2,000/-. A separate fee of Rs. 4,000/-

has to be paid for undergoing ITT classes.

· Students who are residing abroad and converting from Intermediate/ PE-II to

Intermediate (IPC) Course have to pay US$ 150 as conversion fee.

· Students who wish to join for Accounting Technician Course (ATC) have to add US$ 60

towards ATC registration.

A

Intermediate (Articles completed/ partially

completed)*

*As per announcement dated 16th August, 2012 – Direct

admission to the Chartered Accountancy Course –

Exemption from passing Common Proficiency Test (CPT)

to certain category of students.

B

Professional Education (Course – II) (Without

articles)*

*As per announcement dated 16th August, 2012 – Direct

admission to the Chartered Accountancy Course –

Exemption from passing Common Proficiency Test (CPT)

to certain category of students.

C

Professional Education (Course – II) (With

articles)*

*As per announcement dated 16th August, 2012 – Direct

admission to the Chartered Accountancy Course –

Exemption from passing Common Proficiency Test (CPT)

to certain category of students.

D

Professional Competence Course *

*As per announcement dated 16th August, 2012 – Direct

admission to the Chartered Accountancy Course –

Exemption from passing Common Proficiency Test (CPT)

to certain category of students.

Note:

· Students who are converting from erstwhile Intermediate/ PE-II/ PCC to Intermediate (IPC) Course are exempted from undergoing Orientation Programme as per announcement dated 6th

August, 2010.

· No separate study material will be issued to ATC opted students.

· Students not completed prescribed period of articleship will be required to pay Rs. 2000/- as registration fee for one year work experience.

14. What are the subjects to be studied in Intermediate (IPC) Course/ATC?

Students of Intermediate (IPC) Course have to study 6 subjects of 7 papers in Two Groups,

where as Accounting Technician Course (ATC) students have to study 4 subjects:

Intermediate (IPC) Course (IIPCC) subjects and papers:

GROUP – I

Paper 1: Accounting (100 marks)

Paper 2: Law, Ethics and Communication (100 marks)

Part I: Law (60 marks)

Business Laws (30 marks)

Company Law (30 marks)

Part II: Business Ethics (20 marks)

Part III: Business Communication (20 marks)

Paper 3: Cost Accounting and Financial Management (100 marks)

Part I: Cost Accounting (50 marks)

Part II: Financial Management (50 marks)

Paper 4: Taxation (100 marks)

Part I: Income-tax (50 marks)

Part II: Service Tax (25 marks) and

VAT (25 marks)

GROUP – II

Paper 5: Advanced Accounting (100 marks)

Paper 6: Auditing and Assurance (100 marks)

Paper 7: Information Technology and Strategic Management (100 marks)

Section A: Information Technology (50 marks)

Section B: Strategic Management (50 marks)

The level of knowledge expected of students in the above subjects is ‘working knowledge’.

Details of syllabus may be had from www.icai.org.

Accounting Technician Course (ATC) subjects and papers:

Paper 1: Accounting (100 marks)

Paper 2: Law, Ethics and Communication (100 marks)

Part I: Law (60 marks)

Business Laws (30 marks)

Company Law (30 marks)

Part II: Business Ethics (20 marks)

Part III: Business Communication (20 marks)

Paper 3: Cost Accounting and Financial Management (100 marks)

Part I: Cost Accounting (50 marks)

Part II: Financial Management (50 marks)

Paper 4: Taxation (100 marks)

Part I: Income-tax (50 marks)

Part II: Service Tax (25 marks) and

VAT (25 marks)

15. What is Study Package?

The Board of Studies provides a comprehensive study package of all subjects, Study

Materials, Revisionary Test Papers, Suggested Answers and Supplementary Study Materials nd also

provides Mock Test Papers for students self evaluation. The Board of Studies also supplies

information technology training modules and training guide to students while undergoing 100 Hours

Information Technology Training (ITT).

16. What is the mode of imparting theoretical education?

The Board of Studies imparts theoretical instruction through distance education mode to

the students of the CPT course, Intermediate (IPC) Course, ATC and Final course. A wide array of

modern methods are also used for imparting theoretical education which include-

• CDs in e-book form on various topics of CPT, Intermediate (IPC) Course, ATC and Final

Course;

• Lectures through Web TV, e-learning etc. and

• Guidance through [email protected].

In addition, the Board of Studies organizes classroom lectures through its Regional Councils

and Branches, as well as accredited institutions.

17. What are the different modules for oral coaching?

There are two module of oral coaching/ classroom lecturer organized by the Board of

Studies through Regional Councils and Branches of the ICAI and accredited institutions. A student

can opt either of the oral coaching modules:

Module I

Crash Course Module

Crash course comprising of 100 days 3 hours per day

Total teaching

hours = 300

Module II

Regular Course Module

Regular course comprising of 175 days 2 hours per day

Total teaching

hours = 350

18. Where can students get the list of accredited institutions?

Students can get the accredited institutions list by visiti
ng our website www.icai.org >

Students > Chartered Accountancy Course > Scheme of Education and Training > Intermediate (IPC)

Course > Accreditation.

19. Is there any fee for undergoing oral coaching modules?

Yes, fee to be charged for different modules of oral coaching will be fixed by concerned

Regional Councils/ Branches of the Institute or Accredited institutions.

20. What is Information Technology Training (ITT)? When will it commence?

Under present scheme of Education, Training and Examination, Intermediate (IPC) Course /

ATC students needs to undergo 100 hours ITT either before appearing for the Intermediate (IPC)

Examination but necessarily required to complete before joining for the articled training. Students

are advised to complete this course at the earliest so as to get the benefit of preparing for the

Group II Paper – 7 Information Technology and Strategic Management paper.

21. Who will conduct this training?

The 100 Hours ITT training is organized by the Institute in its own Computer Centres located

at different parts of the country i.e. at regional offices and branches of the ICAI. The list of such

ITT Centres is available at www.icai.org > Students > Chartered Accountancy Course > Scheme of

Education and Training > 100 Hours Information Technology Training > List of accredited Regional

Offices and Branches.

22. Is there any separate fees for undergoing the IT Training?

Yes. Presently the Institute charges a fee of Rs.4000/- for undergoing IT Training for its

students.

23. What is Orientation Programme and is it compulsory? What are the contents covered in

Orientation Programem?

As per the requirement of Education, Training and Examination, students are compulsorily

required to undergo 35 Hours Orientation Programme scheduled for one week either before

appearing for the examination but necessarily required to complete before joining for the articled

training.

In Orientation Programme student are taught minimum basic requirements regarding

Personality Development, Communication Skills, Office Procedures, Business Environment,

and General Commercial Knowledge etc.

24. Who imparts the Orientation Programme? What is the fee for Orientation Programme?

35 Hours Orientation Programmes are organized by Regional offices and Branches of the

Institute. Presently, the Institute charges a fee of Rs. 3000/- for undergoing Orientation

Programmes for its students.

25. Will the Board of Studies provide any study materials for ITT?

Yes. The Board of Studies provides a set of study modules along with 7 CDs covering various

topics of the ITT which student should study while undergoing the training. This will be made

available alongwith the study materials.

26. Is there any exemption available from ITT to students who convert from PE-II/PCC?

Students who have already undergone 250 hours Compulsory Computer Training under PE-II

course or students who under gone 100 hours Information Technology Training under PCC are

exempted from undergoing IT training under Intermediate (IPC) Course/ATC. Intermediate students

who have converted or converting to Intermediate (IPC) Course/ ATC are required to undergo IT

training, if they have not under gone the same earlier. They are required to produce ITT

completion certificate at the time of joining for articled training or if the articled training

continuing/ completed they are required to produce ITT completion certificate at the time of

registration for Final Course.

27. What is the duration of articled training under Intermediate (IPC) Course and when can a

student need to undergo article training?

In Intermediate (IPC) Course, duration of article training is 3 years and students can join for

article training on passing of Group-I/ Both Groups of Intermediate (IPC) Examination and on

completion of 35 hours Orientation Programme and 100 hours Information Technology Training

(ITT).

Students who register only for ATC are required to undergo, Orientation Programme and

Information Technology Training (ITT) before appearing for the first time in Accounting Technician

Examination (ATE). Such students after passing ATE, required to undergo twelve months work

experience as per the guidelines issued at FAQ Sl. No. 29 in order to obtain Accounting Technician

Course (ATC) certificate.

28. What is the eligibility criterion to appear in the Intermediate (IPC) Examination/ Accounting

Technician Examination (ATE)?

Eligibility Criteria to appear in the Intermediate (IPC)/ Accounting Technician Examination as:-

(i) Applicable for students who have registered for the Intermediate (IPC) Course either on

passing CPT and Senior Secondary (10+2) Examination or after passing intermediate

level examination of The Institute of Cost Accountants of India or The Institute of

Company Secretaries of India

Such candidates shall be eligible for admission to the Intermediate (Integrated Professional

Competence) Examination if they –

(a) are registered for the Intermediate (Integrated Professional Competence) Course;

and

(b) have undergone a study course for a period of eight months commencing from the

date of registration to the Course.

Note: Students registered exclusively for Accounting Technician Course (ATC) are required

to complete 35 hours Orientation Course and 100 hours Information Technology

Training (ITT) before appearing for the first time in Accounting Technician

Examination.

(ii) Applicable for students who have registered for the Intermediate (IPC) Course on the

basis of securing prescribed percentage of marks in Graduation/ Post Graduation:

Such candidates shall be eligible for admission to the Intermediate (Integrated Professional

Competence) Examination if they –

(a) are registered for the Intermediate (Integrated Professional Competence) Course;

and

(b) have completed nine months of practical training (including study course for a

period of eight months which shall commence from the date of registration to the

Course).

29. What is the work experience in ATC? What are the guidelines to be followed while

imparting the work experience under ATC?

The unique feature of the Accounting Technician Course (ATC) curriculum is the supportive

and complementary 8 months study course period, 100 Hours Information Technology Training

(ITT), 35 Hours Orientation Programme and 12 months practical work experience.

Guidelines for Imparting Accounting Technician Training – 12 months Work Experience:

i. A candidate who has registered for the Accounting Technician Course (ATC) and has passed

Accounting Technician Examination (ATE) (Group I level examination of the Intermediate (IPC)

examination) is eligible for undergoing work experience.

ii. Member employed in an industrial / commercial / financial / service / not for profit

organization or company, can impart 12 months work experience to students who have passed

Accounting Technician Examination, subject fulfilling the following conditions –

(a) A member who is employed in an industrial / commercial / financial / service / not

for profit organization and company duly approved by the Institute would be eligible to impart

Accounting Technician Training to the eligible candidates.

(b) Criteria for the sel
ection of industrial / commercial / financial / service / not for

profit organization or company:

(i) Paid up capital minimum Rs. 50 lakhs; or

(ii) Fixed assets minimum Rs.1 crore; or

(iii) Turnover Rs.10 crores; or

(iv) Gross receipts (in the case of not for profit organization they should be

registered under a statute) – Rs.2 crores.

(c) Eligibility for members of the ICAI:

Experience of the members in years Number of vacancies

ACA with less than three years 1

ACA with three years and above 2

FCA with less than five years 5

FCA with five years and above 10

(d) The period of the Accounting Technician work experience shall be one year.

(e) The working hours for the Accounting Technician Trainee shall be in accordance with

the working hours of the organization in which he gets training.

iii. In the case of a member in practice

(a) a member in practice would also be eligible to impart Accounting Technician

Training to the eligible candidates.

(b) The period of training shall be one year.

(c) The Accounting Technician Trainee will be eligible for such stipend as fixed by the

member.

(d) The working hours for the Accounting Technician Trainee shall be 35 hour per week

to be regulated by the principal in accordance with the guidelines to be issued by the Council from

time to time.

iv. On completion of the training period, the principal / organization is required to issue a

certificate in respect of the training.

30. In which areas Accounting Technician Trainee undergoes 12 months practical work

experience?

The principal shall impart training to the Accounting Technician Trainee in the areas of

accounting, taxation, financial management, corporate affairs and information technology as given

hereunder :

i. Accounting

· Undertaking specific work relating to cash accounting, sales accounting, purchase accounts,

bank accounts, journals, etc.

· Maintaining of primary books of accounts

· Preparation of reconciliations

· Preparation of accounts from incomplete records

· Finalization of accounts and notes to financial accounts

· Preparation of financial statements.

ii. Taxation

· Computing of total income, deductions, rebates, reliefs and tax payable by the assesses

· Preparation and filing of Return of income, TDS returns and other documents

· Preparation and filing of various returns under VAT, service tax etc.

iii. Information Technology

· Data creation and analysis using databases and spread sheet program

· Computer applications in areas like inventory control, financial accounting, payrolls, share

accounting, sales accounting, invoicing etc.

· Preparation of system flow chart

· Knowledge of internets and computer fraud detection techniques.

iv. Financial Management

· Preparation of projected financial statements

· Processing of loan applications with banks, financial institutions etc.

· Projection of working capital and computation of working capital requirements

· Preparation of budget.

v. Corporate Affairs

· Applying for and obtaining name approval

· Drafting Memorandum and Articles of Association

· Matters relating to incorporation of a company

· Filing of various returns with the Registrar of Companies

· Participation in the work relating to issue of shares, debentures etc including compliance of

SEBI guidelines

Note: The areas indicated above for training are only illustrative and not exhaustive. The

exact scope of Training Programme will be at the discretion of the member in Charge of Training

based on the nature of the Organization.

31. Whether a student who has already completed Article Training and passed both groups of

Intermediate/PEE-II/PCE has to undergo for 12 months practical work experience for obtaining

Accounting Technician Certificate?

No. Students who have passed either the Professional Competence Examination or

Professional (Education – II) Examination or erstwhile Intermediate Examination in its entirety or

first examination or was exempted from passing the first examination under that regulation and

has completed the prescribed period of practical training as was required for admission as a

member is eligible for grant of Accounting Technician Certificate without undergoing 12 months

work experience. They can fill the prescribed application form from as available from www.icai.org

> Students > Course Registration Form > Application for Grant of Accounting Technician Certificate

and submit the same alongwith a copy of articled training completion certificate and passing

details to their concerned Regional Office for verification of articled completion details and

forward to Examination Department. Examination Department on verification of passing details

issues ATC certificates to candidates.

It is clarified that students who have registered for Intermediate (IPC) Course alongwith ATC

shall be required to complete either 12 months work experience or prescribed period of articled

training before applying for ‘Accounting Technician Certificate’.

Further, it is clarified that partial completion of articled training period cannot be treated

as completion of 12 months work experience nor based on that ‘Accounting Technician Certificate’

shall be issued.

Students who have registered exclusively for ATC are required to undergo 12 months

practical work experience before applying for ATC certificate.

32. What are the requirements for Passing the Intermediate (IPC) Examination (IIPCE)/

Accounting Technician Examination (ATE)

[Applicable to candidates appearing in Intermediate (IPC) Examination under the syllabus as may

be specified by the Council under sub-regulation (3) of regulation 28E]

(1) A candidate may appear in Group I or Group II level(s), separately or simultaneously or in a Unit

comprising of a set of papers of Group I and / or Group II.

(2) A candidate, other than a candidate who has opted for Accounting Technician level, shall

ordinarily be declared to have passed the Intermediate (IPC) Examination, if he –

(a) completes the Orientation Course for such period and in such manner and within such

time as may be specified by the Council from time to time; and

(b) passes in both Group I and Group II levels.

(3) A candidate, who has opted for the Accounting Technician level, shall be declared to have

passed in that level, if he –

(a) passes in Group I level;

(b) completes the Orientation Course for such period and in such manner and within such

time as may be specified by the Council from time to time; and

(c) completes the practical work experience in accounting and related fields for a period

not less than twelve months in such manner as may be specified by the Council from time to

time;

Provided that a candidate, who has passed either the Professional Competence Examination

under the syllabus as per the sub-regulation (3) of Regulation 28C or Professional Education

(Examination – II) under the syllabus as per sub-regulation (5) of Regulation 28B of these

regulations or Intermediate Examination under these regulations or the Chartered Accountants

Regulations, 1964 or Intermediate or the first examination under the Chartered Accountants

Regulations, 1949 or was exempted from passing the first examination under
that regulation and

has completed the prescribed period of practical training as was required for admission as a

member, shall be eligible for grant of Accounting Technician Certificate on making an application

to this effect and on compliance with such other conditions as may be specified by the Council

from time to time.

(4) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he

–

(a) secures at one sitting a minimum of 40 per cent marks in each paper of each of the

groups, viz., Group I and Group II levels, and minimum of 50 per cent marks in the aggregate of all

the papers of each of the groups; or

(b) secures at one sitting a minimum of 40 per cent marks in each paper of both the group,

viz., Group I and Group II levels, and a minimum of 50 per cent marks in the aggregate of all the

papers of both the groups taken together.

(5) A candidate shall be declared to have passed in Group I level or Group II level or unit, as the

case may be, if he secures at one sitting a minimum of 40 per cent marks in each paper of the

group/ unit and a minimum of 50 per cent marks in the aggregate of all the papers of that group/

unit.

[For information regarding Unit(s) applicable to candidates who have already passed any one of the

groups under erstwhile Intermediate Examination as per syllabus under paragraph 2A of Schedule B

of the Chartered Accountants Regulations, 1988 or Professional Education (Course-II) under subregulation

(5) of regulation 28 B or Professional Competence Course under sub-regulation (3) of

regulation 28 C of the Chartered Accountants Regulations, 1988, candidates may refer the table

given below at Sl. No. 6.]

(6) A candidate, who has passed in any one but not in both the groups either of the Professional

Competence Examination under the syllabus as specified by the Council under sub-regulation (3) of

the regulation 28C or Professional Education (Examination –II) under the syllabus as specified by the

Council under sub-regulation (5) of regulation 28B effective from October, 2001, the examination

for which commenced from November, 2002 or of the Intermediate Examination as per syllabus

under paragraph 2A of Schedule ‘B’ to the Chartered Accountants Regulations, 1988, shall be

eligible for exemption in the corresponding paper or papers, if the corresponding paper(s) exists in

the new syllabus as may be specified by the Council.

UNIT SCHEME UNDER INTERMEDIATE (IPC) EXAMINATION

INTERMEDIATE (IPC) EXAMINATION (IIPCE)

DETAILS OF PAPERS IN WHICH CANDIDATES ARE RE QUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT CANDIDATE

IN IIPCE

STUDENTS WHO HAVE PASSED GROUP-I

IN INTERMEDIATE EXAMIANTION UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION

(EXAMINATION– II ) EXAMINATION OR PROFESSIONAL COMPETENCE EXAMINATION

Student to pass Group I of IIPCE has

to appear

Student to pass Group II of IIPCE has to

appear

Student to pass Both Groups of IIPCE has

to appear

UNIT – 4

Group I Paper 3 : Cost Accounting and

Financial Management

Group I Paper 4 : Taxation

UNIT – 6

Group II Paper 7 : Information Technology

and Strategic Management

UNIT – 8

Group I Paper 3 : Cost Accounting and

Financial Management

Group I Paper 4 : Taxation

Group II Paper 7 : Information Technology

and Strategic Management

STUDENTS WHO HAVE PASSED GROUP-II

IN INTERMEDIATE EXAMIANTION UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION

(EXAMINATION– II) EXAMINATION OR PROFESSIONAL COMPETENCE EXAMINATION

Student to pass Group II of IIPCE has to

appear

Student to pass Group I of IIPCE has to

appear

Student to pass Both Groups of IIPCE has to

appear

UNIT – 5

Group II Paper 5 : Advanced

Accounting

Group II Paper 6 : Auditing and

Assurance

UNIT – 7

Group I Paper 1 : Accounting

Group I Paper 2 : Business Laws, Ethics

and Communication

UNIT – 9

Group I Paper 1 : Accounting

Group I Paper 2 : Business Laws, Ethics and

Communication

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance

(7) The Council may frame guidelines to continue to award exemption in a paper or papers to a

candidate, granted earlier in the Professional Education (Examination – II) under the syllabus as

specified by the Council under the syllabus as specified by sub-regulation (5) of regulation 28B or in

the Professional Competence Examination under the syllabus as specified by sub-regulation (3) of

regulation 28C for the unexpired chance or chances of the exemption in the corresponding paper or

papers, as may be specified by the Council, in which he has secured exemption if the

corresponding paper exists or papers exists in the new syllabus as may be specified by the Council.

On appearing in the examination of the corresponding paper or papers in which he had failed, he

shall be declared to have passed the examination if he secures at one sitting a minimum of 40 per

cent marks in the corresponding paper or papers in which he had failed earlier and a minimum of

50 per cent marks in the aggregate of all the papers of the group including the marks of the paper

or papers in which he had earlier been granted exemption by the Council.

In other words, a Professional Competence Course student who has been granted an exemption

under Regulation 37 B (6) in one or more paper(s) shall continue to enjoy the said exemption(s) in

the corresponding paper(s) under Intermediate (IPC) Examination/ Accounting Technician

Examination for the unexpired chances, if any, as shown below:

Paper-Wise Exemption to the candidates appearing in Intermediate (IPC) Examination/

Accounting Technician Examination for the un-expired chance(s) on the basis of having secured

a minimum of 60 percent marks in a paper in the earlier examinations

EXEMPTIONS CONVERSION TABLE – PCC Papers Vs. Intermediate (IPC) Course papers

Exemption granted under Regulation 37B (6) of the

Professional Competence Examination (PCE) of the

Chartered Accountants Regulation, 1988 in paper/s

Corresponding Paper-wise exemption in Intermediate

(IPC) Examination (IIPCE)/ Accounting Technician

Examination (ATE) under Regulation 37C (7) of the

Chartered Accountants Regulations, 1988

Group I

Paper 1: Advanced Accounting

Group I

Paper 1: Accounting

and

Group II

Paper 5: Advanced Accounting

Group I

Paper 2: Auditing and Assurance

Group II

Paper 6: Auditing and Assurance

Group I

Paper 3: Law, Ethics and

Communication

Group I

Paper 2: Business Laws, Ethics and

Communication

Group II

Paper 4: Cost Accounting and

Financial Management

Group I

Paper 3: Cost Accounting and

Financial Management

Group II

Paper 5: Taxation

Group I

Paper 4: Taxation

Group II

< p>Paper 6: Information Technology

and Strategic Management

Group II

Paper 7: Information Technology

and Strategic Management

(8) Notwithstanding anything contained in sub-regulations (1) to (7) above, a candidate who has

appeared in all the papers comprised in a group/ unit and fails in one or more papers comprised in

a group/ unit but secures a minimum of 60 per cent of the marks in any paper or papers of that

group shall be eligible to appear at any one or more of the immediately next three following

examinations in the paper or papers in which he secured less than 60 per cent marks. He shall be

declared to have passed in that group/ unit if he secures at one sitting a minimum of 40 per cent

marks in each of such papers and minimum of 50 per cent of the total marks of all papers of that

group/ unit including the paper or papers in which he had secured a minimum of 60 per cent marks

in the earlier examination referred to above. He shall not be eligible for any further exemption in

the remaining paper(s) of that group/ unit until he has exhausted the exemption already granted to

him in that group/ unit.

The implications of above paragraphs are clarified below for general information of candidates:

a) That in order to derive benefit of this proviso, a candidate who has failed in a group/ unit,

should have secured a minimum of 60 marks in any paper/s of the group.

b) That the above exemption is automatic and will be found indicated in the statement of marks

issued to the candidate.

c) That the marks of 60 or more secured in one or more papers mentioned in sub para (a) above are

carried forward automatically for the immediately next three following examinations.

d) That the candidates will be declared to have passed in the said group/ unit in any one of the

next three following examinations if he secures in a single sitting a minimum of 40 percent marks

in each of the other papers and an aggregate of 50 percent marks. For the purpose of arriving at

the aggregate as already stated in sub-paragraph (c) above, 60 marks or more secured earlier will

also be taken into consideration.

e) That the exemption will be granted only when a candidate is present in all papers of the group/

unit. The candidate is not eligible for any further exemption in that group/ unit under this proviso

in the next three following examination (i.e. till the validity of the exemption already granted).

33. What are the options available to the student after passing ATC?

Student who completes the Accounting Technician Course can register themselves for

Intermediate (IPC) Course’s second group and for articled training for a period of 3 years. Students

after passing Group II of IIPCE can register for Final Course. Such students can appear in CA Final

Examination during last 6 months of 3 years of articled training. These students required to

undergo two Courses on General Management and Communication Skills for 15 days each, first

during the first year articled training and the second after completion of 18 months articled

training but before completion of articled training. Students are also required to undergo Advanced

course on Information Technology Training during the third of practical training but before

appearing for the Final Examination. Students after completing the above requirements can enroll

as a member of ICAI and designate as “Chartered Accountant”.

34. Whether the student can take up employment during the period of 8 months course study

period?

No. students are not allowed to take up employment during 8 months study course period.

But they can pursue their graduation course during the study course period under IIPCC scheme of

Education, Training and Examination.

35. What is the eligibility for admission to practical training under IIPCC? What is the duration

of articled training?

Admission to Practical Training (Articled Training):

(i) Students of CPT route and students who have passed Intermediate level examination

of The Institute of Cost Accountants of India or The Institute of Company Secretaries

of India shall be eligible for admission to three years articled training on –

· Passing of 1st Group or Both Groups of Intermediate (Integrated Professional

Competence) Examination; or Accounting Technician level Examination;

· Completion of Information Technology Training; and

· Completion of Orientation Course

Note: Please note that student who passes only Second Group cannot start his/her articled

training.

(ii) Students who have registered under Direct Entry Scheme i.e. Commerce Graduates

or Post Graduates or Non-Commerce Graduates or Post Graduates with specified

percentage of marks shall be eligible for admission to three years articled training,

on completion of –

· Information Technology Training; and

· Orientation Course

36. What are the objectives of practical training?

The unique requirement of practical training is instrumental in shaping a well-rounded

professional to ensure that students have an opportunity to acquire on-the-job work experience of

a professional nature. Such a practical training:

· Inculcates a disciplined attitude for hard work;

· Develops necessary skills in applying theoretical knowledge to practical situations;

· Provides exposure to overall socio-economic environment in which organisations operate;

and

· Develops ethical values.

The entire period of practical training can be served with a practicing member or it can be

served partly with a practicing member and partly in an approved industrial establishment as an

Industrial Trainee.

The period of such industrial training may range between 9 – 12 months during the last year

of the prescribed period of practical training. Only students of Final Chartered Accountancy Course

are eligible for Industrial training.

37. Whether student gets any stipend during the practical training?

Yes. Student while undergoing Articled Training is eligible for stipend. The present rate of

minimum stipend payable to students is given below:

Classification of the

normal place of service of

the articled assistant

During the

first year

of training

During the

second

year of

training

During the

remaining

period of

training

(i) Cities/towns having a population of twenty

lakhs and above. Rs.1000/- Rs.1250/- Rs.1500/-

(ii) Cities/towns having a population of four

lakhs and above but less than twenty lakhs. Rs.750/- Rs.1000/- Rs.1250/-

(iii) Cities/towns having a population of less

than four lakhs. Rs.500/- Rs.750/- Rs.1000/-

38. What is the entitlement of leave for an articled assistant?

An articled assistant shall earn leave at the rate of one-sixth of the period for which he has

actually served excluding from such period, the period for which he has been on leave subject to a

maximum of 180 days. Illustration of calculation of leave is given below:

Case 1: Illustrative cases of computation of leave for 1 year of articleship training

A. Total number of days served: 365*1 = 365

B. Less: Total leave taken (other than weekly holidays) = 45

C. Actual period Served = 320

D. Entitlement of leave (1/6th of th
e actual period served)(320/6) = 53

EXCESS LEAVE: (B – D) = NIL

Case 2: Illustrative cases of computation of leave for 2 year of articleship training

A. Total number of days served: 365*2 = 730

B. Less: Total leave taken (other than weekly holidays) = 118

C. Actual period Served = 612

D. Entitlement of leave (1/6th of the actual period served)(612/6) = 102

EXCESS LEAVE: (B – D) = 16

Case 3: Illustrative cases of computation of leave for 3 year of articleship training

A. Total number of days served: 365*3 = 1,095

B. Less: Total leave taken (other than weekly holidays) = 188

C. Actual period Served = 907

D. Entitlement of leave (1/6th of the actual period served)(907/6) = 151

EXCESS LEAVE: (B – D) = 37

Case 4: Illustrative cases of computation of leave for 3 year of articleship training

A. Total number of days served: 365*3 = 1,095

B. Less: Total leave taken (other than weekly holidays) = 137

C. Actual period Served = 958

D. Entitlement of leave (1/6th of the actual period served)(958/6) = 160

EXCESS LEAVE: (B – D) = NIL

39. Whether intervening break between two examinations are treated as leave or on duty?

As per explanation to Regulation 59 (7) of the Chartered Accountants Regulations, 1988,

intervening break between two examinations days, though not actually holiday, is treated as period

actually served under articles. Further, it is clarified that if an articled assistant appears for one

group, all intervening break for any reason, from the day of commencement of CA examination till

the day of last examination of the concerned group and similarly, if an articled assistant appears

for both groups then all intervening break for any reason from the day of commencement of CA

examination and completion of both groups of the examination is treated as part of the training

and the articled assistant is deemed to be on duty.

40. What is secondment?

In order to provide all round exposure to CA students, the Chartered Accountants

Regulations, 1988 under Regulation 54 provides an option to undergo training under “Secondment

Scheme”, under which a principal can depute his trainee to other practicing chartered

accountant/s for a maximum period of one year to gain exposure in other areas of practice

wherein, original principal may not be in a position to provide the same with the consent of article

assistant concerned. During secondment the member with whom the articled assistant is seconded

shall be required to pay the stipend and is responsible for imparting training and maintaining

records and also required to forward the records to the principal on completion of period of

secondment. The original principal is required to include particulars of the secondment in the

report to the Council under Regulation 64.

41. What is industrial training? What are the objectives of Industrial training?

An articled assistant who has passed the Intermediate (IPC) Examination and serving last

year of articles training may, at his discretion, serve as an industrial trainee in any of the financial,

commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total

turnover of Rs. 10 crores; or minimum paid-up share capital Rs. 50 lakhs; or such other Institute or

organisation as may be approved by the Council from time to time for period of 9-12 months.

42. Whether student can undergo articled training outside India? If so, what are the guidelines

in this regard?

GUIDELINES FOR TRAINING OF ARTICLED ASSISTANTS OUTSIDE INDIA:

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 assistants.

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.

iv) The members shall provide a professional address as envisaged in Regulation 2(1)(xiii) as

well as an address in India.

(As per the said Regulation, professional address means: –

a. an address of the place where the member is carrying on his profession ( or where he is

carrying on his profession at more than one place, the principal place), or

b. if a member is employed, the place of employment or at his option the place of his

residence

c. the place of residence, if the member neither carried on the profession nor is employed.

It may please be noted that an address in India is essential in any of the situation)

v) The terms and conditions that may be made applicable for training articled assistant in

India from time to time shall mutates mutandis apply for training of articled assistant abroad.

vi) The period of practical training shall be 3 years or 3 ½ years, as applicable, under a

practising chartered accountant abroad. However, the articled / audit assistants should have an

option to undergo industrial training in accordance with the Regulations 51 & 72 of the Chartered

Accountants Regulations, 1988 during the last one year of training.

vii) The Industrial Training may be imparted by the Chartered Accountants working abroad

in a financial, commercial or industrial undertaking with minimum fixed assets & minimum total

turnover or minimum paid up capital as may be specified by the Council (whatever the value

specified in terms of Indian currency may be deemed as applicable in foreign countries in their

respective currencies) or such other organization or institution approved by the Council. In case of

a member employed outside India, and eligible to impart Industrial training outside India, is unable

to submit Annual Report/Balance sheet of the corporate/undertaking the member is working with,

the member may submit a self declaration about the particulars of the undertaking alongwith the

application.

viii) The terms & conditions contained in Regulation 54 and Regulation 54A dealing with

secondment shall be applicable to the articled assistants receiving training abroad.

ix) The Principal shall send training reports as prescribed alongwith the service certificate

to be issued in Form 109 & 108 as the case may be.

x) The principal shall impart training in accordance with the guidelines contained in

Training Guide. He shall maintain a record of practical training imparted by him to the articled

assistant and report to the Council in the form prescribed in the training guide.

xi) The rates, terms and conditions of stipend prescribed as payable to the articled

assistants receiving training in India shall be applicable to the articled assistants receiving training

aboard except that the same rate of stipend in equivalent terms specified in respective national

currencies of the coun
tries concerned instead of Indian rupees.

xii) Regulation of training in terms of office hours and working days holidays will be

applicable as per local office timings and laws. However, requirements of total training hours will

be the same as applicable in India, the terms of which are given hereunder: –

a.The working hours for the articled assistants shall be 35 hours in a week excluding the

lunch break.

b.The office hours of the Principal for providing article training to the articled assistant

shall not be generally before 9.00 a.m. or after 7.00 p.m.

c. The normal working hours for the articled assistant shall not start after 11.00 a.m. or end

before 5.00 p.m.

d.The working hours for the articled assistants should not exceed 35 hours in a week

excluding the lunch break and normally an articled assistant be required to work during the

normal working hours fixed for articled assistants.

e.In case of exigencies of work with Principal, an article assistant may be required to work

beyond his / her normal working hours. However, under such circumstances, the aggregate

number of working hours shall not exceed 45 hours per week. The requirement to work

beyond 35 hours in a week should not be a practice but only in exceptional circumstances.

Further, where the articled assistant is required to work beyond normal working hours, and

aggregate of such hours exceed 35 hours per week, he / she shall be entitled to compensatory

leave calculated with reference to number of completed working hours, over and above, 35 hours

per week.

Further conduct of training will be regulated as per provisions of the relevant Regulations as

follows: –

Regulation 60: Working hours of an Articled Assistant

“Subject to such directions as may be issued by the Council, the working hours of an

articled assistant shall be 35 hours per week to be regulated by the Principal from time to time”.

Regulation 65: Articled assistant not to engage in any other occupation

“Without the previous permission of the Council, obtained on application made in the

approved form (Form 112), no articled assistant shall, during the period of his service as an articled

assistant, take any other course of study or training, whether academic or professional, or engage

in any business or occupation.”

Regulation 66: Enquiries against articled assistant

“(1) Where a complaint or information of any misconduct or breach of Regulation 65 or

breach of any of the covenants contained in the articles is received against an articled assistant

from his principal or any other person, the President or the Vice- President as the Executive

Committee may decide from time to time, may cause an investigation to be made

(2) The Executive Committee may, on a consideration of the report of the investigation and

after giving the articled assistant an opportunity of being heard, make any of the following orders,

namely;-

i. direct that the papers be filed and the complaint be dismissed, if the Executive

Committee finds that the articled assistant is not guilty of any misconduct of breach of

Regulation 65 or breach of any of the covenants contained in the articles; or

ii. if the articled assistant is found guilty, reprimand the articled assistant or cancel the

registration of articles or direct that any period already served under such articles shall not

be reckoned as service for the purpose of the period of practical training specified in

Regulation 50.

(3) The articled assistant, the registration of whose articles has been cancelled under this

regulation, shall not, except with the permission of the Executive Committee be retained or taken

as an articled assistant or audit assistant by any member”.

Regulation 67: Complaint against the Principal

1) Where an articled assistant makes a complaint against his principal on a matter

concerning his training as an articled assistant, the President or the Vice- President as the

Executive Committee may decide from time to time, may cause an investigation to be made and

submit a report to the Executive Committee.

2) The Executive Committee shall submit the report of the investigation to the Council with

its recommendations.

3) The Council may, on a consideration of the report of the Executive Committee, pass such

order as it may consider expedient, including an order withdrawing the entitlement of the principal

to train one or more articled assistants either permanently or for a specified period:

4) The President or the Vice-President as the Executive Committee may decide from time to

time, may, pending an investigation of the complaint, either terminate or suspend the articles and

allow the articled assistant to be accepted as additional articled assistant by a member,

notwithstanding anything contained in Regulation 43.

43. Whether student can pursue Graduation/ Post Graduation Course while undergoing Articled

Training?

An articled/ audit assistant can pursue Graduation/ Post Graduation Course while

undergoing practical training provided he takes the permission of the Council as per Regulation 65

and 78 of the Chartered Accountants Regulations, 1988. These Regulations state that an articled/

audit assistant cannot take up any other course of study or training, whether academic or

professional, without prior permission of the council. The permission may be granted to an

articled/ audit assistant, for pursuing one additional regular course of study provided the classes

are not held between 9.30 a.m. to 5.30 p.m.

The students are advised to join graduation course either through IGNOU / NSOU /

Bharathiar University /University of Madras or through correspondence course or through colleges

whose timings do not clash with the timing of practical training and through Universities with

whom the ICAI has entered into Memorandum of Understanding (MOU) to enable CA students to

acquire University degrees. For details of MOU please visit Institute’s web site www.icai.org.

The students joining distance education programme of degree course of IGNOU / NSOU /

Bharathiar University / University of Madras will get exemption from studying the subjects which

are part of the curriculum of Intermediate (IPC) Course.

Only one additional course is permitted during the articled training period. Permission for

second course will be considered only after receipt of documentary proof of either on completion

or discontinuation of the course for which permission has been granted earlier.

44. Whether CA Course is recognized for pursuing Ph.D/ Fellow Programme from Universities

and is it recognized for taking UPSC’s Class A and B Examinations?

Association of Indian Universities (AIU) has recognised Chartered Accountancy Qualification

as equivalent to Post Graduate Degree in Commerce for pursuing Ph.D. Programme. Ninety Indian

Universities and six Indian Institutes of Management recognised Chartered Accountancy

Qualification as equivalent to Post Graduation for admitting the CA students to the Doctoral

Programme.

A student who has passed Final examination of the Institute of Chartered Accountants of

India has been recognized for recruitment to Superior services / Posts under the Central

Government. Accordingly, candidates possessing this qualification are eligible for admission to the

Civil Services Examination , which is conducted by the Commission for recruitment to IAS, IPS and

other
Group ‘A’ / Group ‘B’ Central Services / Posts.

45. Is there any scholarship/ fee concessions are available for CA pursuing students?

Yes. Students who are pursing CA Course can avail the following scholarships/ fee concessions:

1. Merit Scholarship: The students whose names appear at SI.No.l to 10 (in case the rank at SI. No.

10 continues to SI. No. 11 or to SI. No. 12 or so on, all such rank holders) of the respective Merit

lists of Common Proficiency Test (CPT), held in June/December, Intermediate (IPC) Course

Examination held in May/ November every year are selected for award of Merit Scholarship @

Rs.1500/- and Rs. 2000/- per month respectively. Rank holders of Common Proficiency Test (CPT)

who have registered for Intermediate (IPC) Course (Intermediate (IPC) Course Students) will get

Scholarship for a period of 18 months while the Rank holders of Intermediate (IPC) Course (Final

Students) will get for a maximum period of 30 months/remaining period of their articleship.

2. Merit-cum-Need based Scholarship: All students (other than covered under Merit Scholarship)

whose names appear in the Merit list of Rank holders of the Common Proficiency Test /

Intermediate (IPC) Course and whose parents total income is not more than Rs. 1,50,000/- per

annum are eligible to apply for award of Merit-cum-Need scholarship. The students who would be

selected for award of scholarship will be granted @ Rs. 1500 p.m for 18 months to rank holders of

CPT who have registered for Intermediate (IPC) Course and for a maximum period of 30 months/

remaining period of articleship to rank holders of Intermediate (IPC) Course who have registered

for articleships. Total 60 scholarships are awarded every year under this category.

3. Need-based and weaker sections Scholarship: Students of Intermediate (IPC) Course and Final

Course are eligible to apply for award of Need- based Scholarships provided their parents’ annual

income is not more than Rs. 1,00,000/- per annum. The students who would be selected for award

of scholarship will be granted @ Rs. 1250 p.m for 18 months to Intermediate (IPC) Course students

and for a maximum period of 30 months/remaining period of articleship to Final students. Total

200 scholarships are awarded every year under this category.

Two scholarships are reserved every year for physically handicapped students. The payment

of scholarship is liable to be discontinued in case the recipient does not pass the Intermediate (IPC)

Course/Final Examination in the first two eligible chances.

For SC/ST/OBC category students, an additional amount of Rs.100/- p.m. will be paid on

submission of a certificate/ documentary proof duly attested by a gazetted officer or a member of

the Institute.

4. Scholarships under Endowment Schemes: In addition to the above, scholarships are also

awarded under different Endowment Schemes created by individual donors/ Joint Corpus formed

by donors. The criteria applied are the same as in case of Need-based scholarship.

First three rank holders of CPT will be granted full exemption from the payment of

registration fees at the time of registration for Intermediate (IPC) Course including registration fee

for 100 Hours Information Technology Training. Such fee exemption will be continued at the time

of registration for Final Course provided the student passes both groups in Intermediate (IPC)

Examination in the first attempt.

In other words the first three rank holders of CPT need not pay the Final fee if they pass the

Intermediate (IPC) Examination in the first attempt.

Effective from November, 2010 examination onwards, top 10 rank holders of the

Intermediate (Integrated Professional Competence) Examination and Final Examination are

exempted from payment of fee for attending residential programme on Professional Skills

Development Programme.

46. What are the concessions available for Differently abled students while pursing CA Course?

Differently abled students are defined as follows:

(a) Blindness – “Blindness” refers to a condition where a person suffers from any of the following

conditions, namely:

· total absence of sight;

· visual acuity not exceeding 6/60 or 20/200 (snellen) in the better eye with correcting

lenses; or

· limitation of the field of vision subtending an angle of 20 degree or worse.

(b) Low vision – “Low vision” means a person with impairment of visual functioning even after

treatment or standard refractive correction but who uses or is potentially capable of using vision

for the planning or execution of a task with appropriate assistive device.

(c) Leprosy cured – “Leprosy cured” means any person who has been cured of leprosy but is

suffering from

· loss of sensation in hands or feet as well as loss of sensation and paresis in the eye and eyelid

but with no manifest deformity;

· manifest deformity and paresis but having sufficient mobility in their hands and feet to

enable them to engage in normal economic activity;

· extreme physical deformity as well as advanced age which prevents him from undertaking

any gainful occupation, and the expression “leprosy cured” shall be constructed accordingly.

(d) Hearing impairment – “Hearing impairment” means loss of sixty decibels or more in the better

ear in the conversational range of frequencies.

(e) Locomotors disability – “Locomotors disability” means disability of the bones, joints or muscles

leading to substantial restriction of the movement of the limbs or any form of cerebral palsy.

(f) Permanent and total loss of voice.

(g) Any other physical disability which is not covered above, but permanently suffering from 50% or

above, as the case may be, submit an application for consideration on case to case basis.

A differently abled student has to submit a certificate of suffering from disability, certified by a

physician/ surgeon/oculist working in a Government hospital, as the case may be.

Differently abled students, who are suffering from a disability as stated above, are eligible for full

exemption from payment of registration fees at Intermediate (IPC) Course and Final levels.

Differently abled students are exempted from Orientation Programme

Differently abled students, suffering from permanent disability of 50% or above are exempted from

attending Orientation Programme. These students are also exempted from payment of fee related

to Orientation Programme i.e. Orientation Programme registration fee of Rs. 1,000/- and course

fee of Rs. 3,000/- for undergoing course.

Differently abled students are exempted from payment of ITT fee

Differently abled students, suffering from permanent disabilty of 50% or above are exempted from

attending ITT classes, but they are required to self-study and pass two test papers specially

designed for the purpose. These students are also exempted from payment of fee related to ITT

i.e. registration fee of Rs. 2,000/- and course fee of Rs. 4,000/- for undergoing course.

47. What are the Reading Materials a student gets on registration of Intermeiidate (IPC) Course

/ATC? – Which includes ITT training materials, Orientation materials?

Group I

Paper 1: Accounting

Paper 2: Law, Ethics and Communication

Paper 3: Cost Accounting and Financial Management

Paper 4: Taxation

[Set of 10 books including Practice Manuals]

Group II

Paper 5: Advanced Accounting

Pape
r 6: Auditing and Assurance

Paper 7: Information Technology and Strategic Management

[Set of 9 books including Practice Manuals]

Apart from the above, Institute will also supply IT Training materials and Orientation Programme

Course materials on registration to the courses.

48. What are opportunities available for qualified CA?

A profession that imparts the best of technical skills in financial and management areas and

abilities necessary for deciding and acting upon the high-pressure situations. The society has

increasingly recognized the services of CAs in entire gamut of management consultancy including

management accounting, management information and control systems, international finance,

information technology and financial services sector. CAs today are part of the top management

team and hold key positions in the corporate sector. Rapid changes taking place in the economy

have further opened up new vistas of opportunities for the Chartered Accountants.

49. Does ICAI conduct Campus Placements?

Yes. The Institute organizes Campus Placement twice a year. Top Notch Companies

participate and conduct recruitment process at various offices of ICAI.

50. Is there any grievance redressal mechanism available in the Institute?

Yes. Through E-Sahaayataa, queries of Students and Members or any other persons are

replied by the concerned section/ department of the Institute at the earliest.