CA Final May 2020 Examination Updates-ICAI

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CA Final May 2020 Examination Updates-ICAI

Exemption from Completion of Management and Communication Skills Course (MCS Course) & Advanced Information Technology Training (Adv.ITT) to appear in Final May 2020 Examination

The Council at its meeting held on 20th March 2020 invoked the powers under Regulation 205 of The Chartered Accountants Regulations, 1988, and decided to pass the resolution to grant one-time relaxation to such a category of students who are not able to complete MCS Course and Adv.IT Training before appearing in May 2020 Final Examination :

be allowed to appear in May 2020 Final Examination and complete the aforestated training along with the passing of AICITSS (Adv.IT exam) conducted by the Examination Department before the declaration of May 2020 Final Examination result.

Source: ICAI

Requirements to become a Chartered Accountant:

  1. Through Foundation Course route:
    (i) Enrol for the Foundation Course after passing Class 10th Examination conducted by an examining body
    constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
    (ii) Register for the Foundation Course on or before the 1st day of January or the 1st day of July for the
    examination to be held in the months of May/June or November/December respectively.
    (ii) Appear in Foundation Examination after appearing in the Senior Secondary Examination (10+2 examination)
    conducted by an examining body constituted by law in India or an examination recognised by the Central
    Government as equivalent thereto and on complying with (ii) above.
    (iii) Join Intermediate Course after passing class 12th and FoundationExamination.
    (iv) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of
    Courses on Information Technology and Orientation Course at the earliest but these are to be completed
    compulsorily before commencement of theirarticleship.
    (v) Appear in Intermediate Examination on completion of 8months of study course as on first day of the month in
    which the examination is to be held.
    (vi) Join articled training after passing either of the Group or Both Groups of Intermediate Course and after
    successfully undergoing ICITSS.
    (vii) Clear the balance Group (if any) of Intermediate Examination.
    (viii) Register for Final Course.
    (ix) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills
    (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills
    during the last two years of practical trainingbut before appearing in the Final Examination.
    (x) Appear in the Final Examination on completion of the practical training or whileserving last 6 months of
    articled training on or before the last day of the month preceding the month in which the examination is to be
    heldafter successful completion of AICITSS.
    (xi) Complete articled training of 3 years.
    (xii) Pass Final Examination.
    (xiii) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.
  2. Through Direct Entry route:
    I. Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%):
    (i) Enrol with the Institute for Intermediate Course.
    (ii) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of
    Courses on Information Technology and Orientation Course before commencement of theirarticleship.
    (iii) Register for Practical Training of three years.
    (iv) Appear in Intermediate Examination on completion of 9 months of Practical Training on first day of the month
    in which the examination is to be held.
    (v)Appear and pass in both groups of Intermediate Examination.
    (vi) Register for CA Final Course.
    (vii) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills
    (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills
    during the last two years of practical training but before appearing in the Final Examination.
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