ICAI proposes Amendments to CA Final Exams

The Institute of Chartered Accountants of India (ICAI) has proposed amendments to CA Final exams.

The draft regulations proposed that no candidate shall be admitted to the Final Examination unless he – (i) is registered for the Final Course and has passed both the Groups of the Intermediate Examination held under regulation 28I and (ii) has completed the practical training as required for admission as a member at least six months before the 1st day of the month in which the examination is held; and (iii) has successfully completed advanced Integrated Course on Information Technology and Soft Skills under regulation 51E; and (iv) has passed the self-paced online modules as per regulation 51F; and (v) has complied with such other requirements in such manner as may be specified by the Council from time to time.

“Notwithstanding anything contained in sub-regulation (1), a candidate who has passed the Professional Education (Examination–II) or the Professional Competence Examination or the Integrated Professional Competence Examination or the Intermediate (Professional Competence) Examination or Intermediate (Integrated Professional Competence) Examination or the Intermediate Examination held under these Regulations or Intermediate Examination under the Chartered Accountants Regulations, 1964 or the Intermediate or the first examination under the Chartered Accountants Regulations, 1949, or was exempted from passing the first examination under those regulations shall be admitted to the Final examination provided that he has completed the practical training as required for admission as a member or has been serving the last six months of practical training, including excess leave, if any, under regulation 50 on the first day of the month in which the examination is held and has complied with other provisions of these regulations,” the draft notification said.

It was provided that a candidate who has been admitted to the Final Examination before coming into force of these regulations shall be required to complete the Advanced Integrated Course on Information Technology and Soft Skills under regulation 51E and to pass the self-paced online modules under regulation 51F and has complied with such other requirement in such manner as may be specified by the Council from time to time before applying for membership of the Institute.

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