The Institute of Chartered Accountants of India (ICAI) is a statutory body established

by an Act of Parliament viz., The Chartered Accountants Act, 1949 (Act No. XXXVIII of
1949) for regulating the profession of Chartered Accountancy in the country. The
Institute, which functions under the administrative control of Ministry of Corporate
Affairs, Government of India, has five Regional Councils and 150 branches covering the
length and breadth of the country. In addition , it has also set up chapters outside India.
It also has an office in Dubai. Founded 65 years ago with just 1,700 members, the
Institute has grown to cross the mark of 2,35,000 members and about 8.5 lakh students
as of now. A significant majority of our membership is in practice, with a good deal of
specialisation in traditional areas of direct/indirect taxes and in emerging areas, interalia, in financial services, information technology, insurance sector, joint ventures,
mutual funds, exchange risk management, risk and assurance service,
environment/energy/ quality audits, investment counselling, corporate structuring and
foreign collaborations. Those in employment, occupy senior positions such as CMDs in
Banks/Financial Institutions, CEOs in leading and reputed public/private sector
companies, etc. The Institute of Chartered Accountants of India (ICAI) is a statutory
body established by an Act of Parliament viz., The Chartered Accountants Act, 1949 (Act
No. XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the
country. The Institute, which functions under the administrative control of Ministry of
Corporate Affairs, Government of India, has five Regional Councils and 150 branches
covering the length and breadth of the country. In addition , it has also set up chapters
outside India. It also has an office in Dubai. Founded 65 years ago with just 1,700
members, the Institute has grown to cross the mark of 2,35,000 members and about 8.5
lakh students as of now. A significant majority of our membership is in practice, with a
good deal of specialisation in traditional areas of direct/indirect taxes and in emerging
areas, inter-alia, in financial services, information technology, insurance sector, joint
ventures, mutual funds, exchange risk management, risk and assurance service,
environment/energy/ quality audits, investment counselling, corporate structuring and
foreign collaborations. Those in employment, occupy senior positions such as CMDs in
Banks/Financial Institutions, CEOs in leading and reputed public/private sector
companies, etc. The Institute of Chartered Accountants of India (ICAI) is a statutory
body established by an Act of Parliament viz., The Chartered Accountants Act, 1949 (Act
No. XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the
country. The Institute, which functions under the administrative control of Ministry of
Corporate Affairs, Government of India, has five Regional Councils and 150 branches
covering the length and breadth of the country. In addition , it has also set up chapters
outside India. It also has an office in Dubai. Founded 65 years ago with just 1,700
members, the Institute has grown to cross the mark of 2,35,000 members and about 8.5
lakh students as of now. A significant majority of our membership is in practice, with a
good deal of specialisation in traditional areas of direct/indirect taxes and in emerging
up by anservices,
Act of Parliament
areas, inter-alia, inSet
financial
information technology, insurance sector, joint

The
Institute
of
Chartered
Accountants of India
ventures, mutual funds, exchange
risk management,
risk and assurance service,
environment/energy/ quality audits, investment counselling, corporate structuring and

Chartered Accountancy Course

The ICAI's Interface with Students

The Institute of
Chartered Accountants of India

About the Booklet

The booklet Chartered Accountancy Course - The ICAIs Interface with
Students has been prepared by the Board of Studies, ICAI to provide valuable
information about the Chartered Accountancy (CA) Course, including key
information about practical training, avenues open to those who want to pursue
a career in CA and various support services of the Institute to the students
including the ICAI Cloud Campus.

Composition of the Board of Studies (2015-16)

CA. V. Murali
Chairman, Board of Studies

CA. J. Venkateswarlu
Hyderabad

CA. Nilesh S. Vikamsey

Vice Chairman, Board of Studies

CA. Sumantra Guha

Kolkata

CA. Manoj Fadnis

President (Ex-Officio)

CA. Shyam Lal Agarwal

Jaipur

CA. M. Devaraja Reddy

Vice President (Ex-Officio)

CA. Vijay Garg

Jaipur

CA. Prafulla P. Chhajed

Mumbai

CA. Mukesh Singh Kushwah

Ghaziabad

CA. Tarun Jamnadas Ghia

Mumbai

CA. Sanjiv Kumar Chaudhary

Gurgaon

CA. Shriniwas Yeshwant Joshi

Mumbai

Shri Manoj Kumar

New Delhi

CA. S. Santhanakrishnan
Chennai

Shri R. K. Jain
New Delhi

Co-opted Members
CA. Ashok Thakkar
Vadodara
CA. R. Raghuraman
Chennai
CA. Neelkant Gargya
Chandigarh
CA. K. L. Jhanwar
Jaipur
CA. Arun Gupta
Delhi

Director, Board of Studies

Shri Vijay Kapur

The Institute of Chartered Accountants of India

President's
Message

hartered Accountancy is a progressive and promising

profession playing an appreciable role in each and
every segment of the National and International
economy. Over a period of time, the role of a Chartered Accountant has transformed and
has established an enviable image as a Complete Business Solutions Provider. From domain
expertise in Accountancy, Audit and Taxation, Chartered Accountants today have started
commanding admirable role in the fields of management, consultancy services, risk
management, corporate governance, strategic management and other areas of importance
for survival and development of every conceivable business and non-business entities
including government organizations and departments. Macroeconomic drivers have
brought to the forefront numerous opportunities for CAs in the areas of National and
International Taxation, Finance and Trade Laws.
CA. Manoj Fadnis
President, ICAI

A highly affordable course that is popular amongst all strata, offers a satisfying professional
career that will help you to reach greater heights and realise your ambitions in life. The
Institute is always proactive to provide you a myriad of best possible services to achieve
your goals. The booklet Chartered Accountancy Course - The ICAI's Interface with
Students is also a step in this direction. This booklet contains relevant information about
the contents of the CA course, different entry gateways, practical training and various
career opportunities available to students once they become professional CAs. I am
confident that this booklet will help students in gaining significant level of insights about
the CA Course and also make them aware of the services which the Board of Studies of ICAI
is providing to budding CAs.
I extend my best wishes to all the students who are all set to undertake the CA Course as
their career option. I would also like to appreciate the sincere efforts of CA. V. Murali,
Chairman, CA. Nilesh Vikamsey, Vice Chairman, Members and personnel of the Board of
Studies for playing a pivotal role in fulfilling the growing needs of our students.
Wishing you all the best for your endeavours.
Yours sincerely,

CA. Manoj Fadnis

President, ICAI

The Institute of Chartered Accountants of India

Vice President's
Message

hartered Accountancy has become one of the most

promising professions in India. There were times when
the word Chartered Accountant was synonymous with
the term book-keeper and the realm of Chartered Accountant was confined to Accounts, Audit
and Taxation. Presently there is no field, whether it is Business Finance, Management, Risk
Management, Business Planning, Information System Audit or Environment Audit so on and so
forth, where Chartered Accountants have not carved a niche for themselves. In fact, with
greater synthesis of the world economy, the role of Chartered Accountants has changed to
complete business solutions provider providing qualified CAs a fulfilling career throughout
their life.

CA. M. Devaraja Reddy

Vice President, ICAI

The demand for CAs is increasing at an amazing rate. Newly qualified CAs are being absorbed in
the industry in large numbers. The Institute offers campus placement opportunities to the newly
qualified Chartered Accountants. Besides, opportunities of self-practice also exist. The
professional image which our members have created and developed, over a period of six
decades, would surely enable the future CAs to reap rich dividends in practice arena as well.
The Institute values its students and always strives to provide them the best infrastructure,
scholastic opportunities and exposure that would sharpen their skills and shape them into world
class professionals. I am pleased to note that the Board of Studies has brought out a booklet
Chartered Accountancy Course - The ICAI's Interface with Students, giving pertinent details
of the Chartered Accountancy Course including various issues relating to practical training and
details about the services offered by the Board of Studies, Committee for Members in Industry
and the Examination Department & various opportunities available to qualified Chartered
Accountants. I am sure this booklet will educate students about the glorified world of Chartered
Accountancy Profession and help them in making the right career choices.
As Swami Vivekananda said There is no limit to the power of the human mind. The more
concentrated it is, the more power is brought to bear on one point. So focus on a Professional
Career like Chartered Accountancy, divert all your energies on the course curriculum and be
confident that you would become a CA at the earliest possible time. I appreciate the efforts put
in by the Board of Studies and officials of the Institute in getting this booklet published.
Wishing the students all the best .

Yours sincerely,

CA. M. Devaraja Reddy

Vice President, ICAI

The Institute of Chartered Accountants of India

Chairman's
Message

ou have made the right career choice of taking up Chartered

Accountancy as your profession. With the emergence of New
World Economic Order, cross border transactions are being carried
out with ease and there is relatively free flow of goods, services and people throughout the world. With
dismantling of trade barriers, the work arena for professionals like Chartered Accountants has widened
substantively. When geography has become history, the role of a Chartered Accountant has also expanded to
encompass a variety of functions. These include areas like international taxation, international law, strategic
financial management, corporate law, risk management, environment audit besides their traditional roles in
the areas of financial reporting, audit and domestic taxation.

CA. V. Murali

Chairman, Board of Studies, ICAI

In the present scheme of education and training, there are two routes to enter the Chartered Accountancy
course Common Proficiency Test (CPT) route and Direct Entry route. If a student wishes to join the CA course
earlier in life, he can register for Common Proficiency Course after passing class tenth examinations. However,
he can sit for CPT after appearing for 10+2 examinations. Having passed CPT, the student gets admitted to the
Chartered Accountancy Course which comprises of theoretical education and practical training of three years.
Graduates/post graduates with specified marks and intermediate pass students of the Institute of Company
Secretary of India and the Institute of Cost Accountants of India can directly enter the CA course. During the
CA course, the student is also imparted other technical and soft skills related to Information Technology,
General Management and Communication Skills. The exhaustive theoretical education and practical training
help in proper grooming of these budding professionals. The Board of Studies has brought out this booklet
Chartered Accountancy Course - The ICAI's Interface with Students containing all significant details about
the CA course, National and International recognitions for the CAs and the opportunities available to
Chartered Accountants. Anybody looking for relevant information will find the booklet quite useful and
helpful. I extend my appreciation of the Board of Studies staff for bringing out this useful publication.
Your positive attitude, dedicated and planned study will lead you to the final goal. Difficulties mastered are
opportunities won. Always remember, there is no gain without pain. It is impossible to get rainbows without
rain. Umbrellas can't stop the rain, but they will make us stand in the rain. Similarly, confidence may not itself
bring success, but it gives us the power to face any challenge. Look with positive intention; speak with inner
conviction; listen with intense attention; then you will move in the right direction. To succeed, it is
necessary to accept the world as it is and rise above it. Everything in this world has got a utility value Even a
stopped clock is right twice a day. The best way to predict your future is to create it. Optimism is the faith
that leads to Achievement. You have a bright, professionally fulfilling career as a Chartered Accountant to
look forward to. It is important to prepare yourself fully, fine tune your skills, focus and hone your core
competence and update yourself knowledgewise to be a globally equipped professional. I extend my best
wishes to all the students who wish to enrol for the CA Course and do hope and look forward to greeting you as
a Chartered Accountant professional soon. Wishing you a fulfilling career.
With warm professional regards, forever, yours in service.
Yours sincerely,

CA. V. Murali
Chairman, Board of Studies, ICAI

The Institute of Chartered Accountants of India

Vice Chairman's
Message

he Chartered Accountancy Profession is very dynamic,

challenging and well recognized by the society at large.
The profession is growing fast and it has spread out its
wings in the wide horizon of Business, Commerce, Industry and Services in India as well
abroad. Chartered Accountants play a very important role in the society by providing
reliable financial information to all stakeholders including regulatory agencies and
government departments. Chartered Accountants today are performing multifarious roles
in the fields of business finance, information technology, corporate management, risk
management and corporate law etc. in addition to the conventional role in the realm of
accounting, auditing, and taxation. Hence, the opportunities for accounting professionals
are vast and wide.
CA. Nilesh Vikamsey

Vice Chairman, Board of Studies, ICAI

The BPOs, KPOs, banks, industrial houses, service industry and research institutions among
many others seek professionals who will take their businesses to higher levels of
performance. Chartered Accountants have become their obvious choice.
I am very happy that the Board of Studies of our Institute is bringing out a booklet
Chartered Accountancy Course - The ICAI's Interface with Students. This booklet has
been brought to cover an overview of the ICAI, Entry Routes to the CA Course, Contents of
the CA Course at various levels, details about the Personality and Skill Enhancement
Programmes and the Practical Training in-built in the CA Curriculum, Opportunities for
Chartered Accountants, Accounting Technician Course. I am confident that this publication
is not only useful to new aspirants for the CA course but also a handy reference guide to
students who are already pursuing the course. The booklet will certainly serve as a
repository for students aspiring to become Chartered Accountants. If you are looking
forward to fulfillment, independence, respect, name & fame and a challenging career
ahead, Chartered Accountancy is the most appropriate course for you.
I invite you to visit www.icai.org, our web portal, which contains numerous academic and
technical inputs apart from providing you an in-depth information about the Institute and
the profession. I would also like to appreciate the Board of Studies for taking such a proactive initiative.
Yours sincerely,

CA. Nilesh Vikamsey

Vice Chairman, Board of Studies, ICAI

The Institute of Chartered Accountants of India

The Institute of
Chartered Accountants of India
The Institute of Chartered Accountants of India (ICAI) is a statutory
body established by an Act of Parliament viz., The Chartered
Accountants Act, 1949 (Act No. XXXVIII of 1949) for regulating the
profession of Chartered Accountancy in the country. The Institute,
which functions under the administrative control of the Ministry
of Corporate Affairs, Government of India, has five Regional
Councils and 150 branches covering the length and breadth of the
country. In addition, it has also set up chapters outside India. It also
has an office in Dubai.
Founded 66 years ago with just 1,700 members, the Institute has
grown to cross the mark of 2,35,000 members and about 8.5 lakh
active students as of now. A significant majority of our
membership is in practice, with a good deal of specialisation in
traditional areas of direct/indirect taxes and in emerging areas,
inter-alia, in financial services, information technology, insurance
sector, joint ventures, mutual funds, exchange risk management,
risk and assurance service, environment/energy/quality audits,
investment counselling, corporate structuring and foreign
collaborations. Those in employment occupy senior positions such
as CMDs in Banks/Financial Institutions, CEOs in leading and
reputed public and private sector companies, etc.

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

CA Course Curriculum
Two Entry Routes to CA Course

Students can pursue the Chartered Accountancy course either through Common
Proficiency Test (CPT) route or through Direct Entry Scheme, introduced in August 1, 2012.

CPT Route
For a student coming through the CPT route, there is a three tier structure:
1.

Entry Level Test

Common Proficiency Test

2.

First Stage

Intermediate (Integrated Professional Competence) Course

3.

Final Stage

Final Course

During the CA Course duration, students are imparted technical skills through 100 hours
Information Technology Training and Advanced Information Technology Training and
Interpersonal Skills through 35 hours Orientation Course and two General Management
and Communication Skills Courses.

Requirements for Becoming a Chartered Accountant:

Through CPT Route

Enrol with the Institute for Common Proficiency Course (CPC) after passing class 10th
examination.
After completion of specified period (60 days) from the date of registration for CPC
with the Board of Studies and after appearing in 10+2 examination, appear and pass in
CPT.
Enrol for Group I or Group II or for both Groups of Intermediate (IPC) Course.
Complete Orientation Course of one week spanning 35 hours, necessarily before joining
the Practical Training.
Complete 100 hours Information Technology Training (ITT) necessarily before joining
the Practical Training.
Appear in the Intermediate (IPC) Examination on completion of eight months of study
course as on first day of the month in which the examination is to be held.
Join Practical Training after passing either Group I or both groups of Intermediate (IPC)
Course.
Complete General Management and Communication Skills (GMCS I) Course
(15 days) during the first year of Practical Training.
Complete General Management and Communication Skills (GMCS II) Course
(15 days) during19 - 36 months of practical training.
Clear Group II of Intermediate (IPC) Examination if not done earlier.
Register for CA Final Course and prepare for the CA Final Examination.
Complete Advanced Information Technology Training during the third year of Practical

The Institute of Chartered Accountants of India

Training but before appearing in the Final Examination.

Complete Practical Training of three years.

Appear in the Final Examination on completion of the Practical Training or while
serving last six months of articled training on or before the last day of the month
preceding the month in which the examination is to be held.
Pass the Final examination.
Enrol as a member of the ICAI and be designated as a Chartered Accountant.

Direct Entry Scheme

For a student coming through the Direct Entry Scheme, there is a two tier structure:
1.

First Stage

Intermediate (Integrated Professional Competence) Course

2.

Final Stage

Final Course

Requirements for Becoming a Chartered Accountant:

Through Direct Entry Scheme
I.

Commerce Graduates/Post-graduates (55%)

or Other Graduates/Post-graduates (60%)
Enrol with the Institute for Intermediate (Integrated Professional Competence) Course
for both groups.
Complete 35 hours Orientation Course spanning one week and 100 hours Information
Technology Training (ITT).
Register for Practical Training of three years.
Complete General Management and Communication Skills (GMCS I) Course (15 days)
during the first year of Practical Training
Appear in Intermediate (Integrated Professional Competence) Examination after nine
months of Practical Training and Study Course of eight months concurrently from the
date of registration for the Intermediate (Integrated Professional Competence) Course.
Appear and pass in both groups of Intermediate (Integrated Professional Competence)
Course.
Register for CA Final Course and prepare for CA Final Examination.
Complete General Management and Communication Skills (GMCS II) Course (15 days)
during 19-36 months of Practical Training.
Complete Advanced Information Technology Training during the third year of Practical
Training but before appearing in the Final Examination.
Complete three years of Practical Training.
Appear in the Final Examination while serving last six months of Practical Training on or
before the last day of the month preceding the month in which the examinations held.
Pass the Final examination.
Enrol as a member of ICAI and be designated as a Chartered Accountant.

II. Candidates who have passed Intermediate level examination of The Institute of
Company Secretaries of India and The Institute of Cost Accountants of India
Enrol with the Institute for Intermediate (Integrated Professional Competence) Course
either for both Groups or Group I.
See bullet point 4 onwards of I above (CPT route) for rest of the scheme.

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

Common Proficiency Test

Entry Level Test

Scheme
th

Pass Class 10 Examination.

Register with the Board of Studies for Common Proficiency Course

(CPC) and collect the study material from nearest Branches or

Decentralised Offices or Regional Offices of the Institute.
Appear in Senior Secondary Examination (10+2) and simultaneously
pursue studies for CPT.
Eligible to Appear in Common Proficiency Test (CPT) conducted by
Examination Department of ICAI after completion of the specified
period (60 days) of registration and after appearing in the Senior
Secondary Examination (10+2).
Common Proficiency Test is held in the months of June and December
each year.

Subjects
Session - I
Two Sections - Two hours

100 Marks

Section A - Fundamentals of Accounting

(60 Marks)

Section B - Mercantile Law

(40 Marks).

Session - II
Two Sections - Two hours

100 Marks

Section C - General Economics

(50 Marks)

Section D - Quantitative Aptitude

(50 Marks).

For complete details, kindly refer the Prospectus for CPC or FAQs on CPC & CPT at
http://www.icai.org/new_post.html?post_id=291&c_id=165

The Institute of Chartered Accountants of India

Intermediate
(Integrated Professional
Competence) Course First Stage
A student, after clearing the CPT, may register for the Intermediate (Integrated Professional
Competence) [Intermediate (IPC)] Course. Alternatively, as explained earlier, graduates and postgraduates or Intermediate passed students of the Institute of Company Secretaries of India or the
Institute of Cost Accountants of India with specified marks* may directly register for the
Intermediate (IPC) Course. During Intermediate (IPC) Course, a student has to undergo a study
course of eight months. Simultaneously, he has to do 35 hours Orientation Course and 100 hours
ITT. Graduates and Post-graduates joining the Intermediate (IPC) Course directly have to
concurrently complete 8 months of study course and 9 months of practical training before
appearing for the Intermediate (IPC) examination.

Subjects
Group I
Paper - 1: Accounting

(100 Marks)

Paper - 2: Business Law, Ethics and Communication

Part - I: Law
Business Laws
Company Law
Part II: Ethics
Part - III: Communication

(100 Marks)
(60 marks) comprising
(30 Marks) and
(30 Marks)
(20 Marks)
(20 Marks)

Paper - 3: Cost Accounting and Financial Management

Part - I: Cost Accounting
Part - II: Financial Management

(100 Marks)
(50 Marks) and
(50 Marks)

Paper - 4: Taxation
Part - I: Income Tax
Part -II: Service Tax
VAT

(100 Marks)
(50 Marks)
(25 Marks) and
(25 Marks).

Group II
Paper - 5: Advanced Accounting

(100 Marks)

Paper - 6: Auditing and Assurance

(100 Marks)

Paper - 7: Information Technology and Strategic Management

Part - I: Information Technology
Part - II: Strategic Management

(100 Marks)
(50 Marks) and
(50 Marks).

*Commerce Graduates / Post-Graduates (55%) or other Graduates / Post-Graduates (60%)

For complete details, kindly refer the Prospectus for The Chartered Accountancy Course or FAQs on IIPCC at
http://www.icai.org/new_post.html?post_id=291&c_id=165

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

Final Course
Final Stage

A student, after clearing the Intermediate (IPC) Course joins the Final Course.

Subjects
Group I
Paper - 1:
Paper - 2:
Paper - 3:
Paper - 4:

Financial Reporting
Strategic Financial Management
Advanced Auditing and Professional Ethics
Corporate and Allied Laws
Section A: Company Law
Section B: Allied Laws

(100 Marks)
(100 Marks)
(100 Marks)
(100 Marks)
(70 Marks)
(30 Marks).

Group II
Paper - 5:
Paper - 6:
Paper - 7:
Paper - 8:

Advanced Management Accounting

Information Systems Control and Audit
Direct Tax Laws
Indirect Tax Laws
Section A: Central Excise
Section B: Service Tax & VAT
Section C: Customs

(100 Marks)
(100 Marks)
(100 Marks)
(100 Marks)
(40 Marks)
(40 Marks)
(20 Marks).

For complete details, kindly refer the Prospectus for The Chartered Accountancy Course or FAQs on Final Course at
http://www.icai.org/new_post.html?post_id=291&c_id=165

10

The Institute of Chartered Accountants of India

Competency / Skills
Enhancing Programmes

Orientation Programme
With a view to groom and motivate the entrants to be good professionals, the

Orientation Programme has been made an integral part of the CA Course

curriculum.
The programme is of 35 hours duration spread over 5 to 7 days.

100 Hours Information Technology Training

100 hours Information Technology Training (ITT) is an integral part of the CA

course curriculum.
Training focusses on the application softwares relevant for Accounting and

Auditing.
It is compulsory to complete Orientation Programme and ITT before joining

Articled Training.

Three Years' Practical Training

A student of CA course is mandatorily required to undergo a unique Three Years'
Practical Training (also called as Articled/Audit Training) under a practicing
Chartered Accountant. During the training, articled trainees get exposure to a
wide array of fields, namely, Accounting, Auditing, Taxation, Information
Technology, Corporate and Allied Laws and Management Services for detailed
information kindly refer page 25 of this booklet.

Two Courses on General Management &

Communication Skills (GMCS)
Two 15 days full time Courses on General Management and Communication

Skills equip the entrants to the profession with interpersonal and

management skills.
GMCS I shall be undergone during the first year of Practical Training.

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

11

 GMCS II shall be undergone during 19-36 months of Practical Training (for

students registering for Practical Training on or after 1st May, 2012).

These courses are prerequisite for membership enrolment of the Institute.
Students who undergo the four weeks Residential Programme on Professional
Skills and Development are exempted from attending the GMCS II.

Advanced Information Technology Training

st

Students registering for Practical Training after 1 Feb, 2013 are required to

undergo Advanced ITT also. As per the Councils decision, such students who
are eligible to appear for their Final Examination from November 2015 and
onwards are required to complete this Course before appearing for their Final
Examination.
The time spent by the students for undergoing Advanced ITT will be treated as
a part of the Practical Training.
Students are advised to contact their concerned Decentralised Office or
nearest Branch for registration to batches of the Advanced ITT Course and
ensure that they complete the course well in time.

Four Weeks Residential Programme on

Professional Skills Development (Optional)
To imbibe the professional skills required for effective functioning in business

organisations and the profession, the Board of Studies organises Four Weeks
Residential Programme at ICAIs Centre of Excellence, Hyderabad.
This programme offers a unique opportunity and focusses on development of
communication skills, leadership skills, personal traits as well as technical skills
for effective functioning in business organisations and profession.
All students who have passed Chartered Accountancy Final or
IPCC/PCC/Intermediate (IPC) examination and are pursuing third year of
Practical Training or have completed Practical Training may join the course.
Exemption from GMCS/GMCS II
15 Days GMCS Course - Students who have registered for Articled
Training before 1st May, 2012 are not required to undergo the 15 days
GMCS Course.
GMCS II under New Scheme - Students who have registered for Articled
Training on or after 1st May, 2012 are not required to undergo the GMCS II
Course.

12

The Institute of Chartered Accountants of India

Fees, Stipend & Financial

Assistance

Broad Fee Structure

Course

Amount
` 6,000

Common Proficiency Test (CPT) Registration Fee

Intermediate (Integrated Professional Competence) Course
(Both Groups) Registration Fee
Articled Training Fee
Final Course Registration Fee
100 Hours Information Technology Training
100 Hours Advanced Information Technology Training
35 Hours Orientation Programme
GMCS I
GMCS II

` 9,000
` 2,000
` 10,000
` 4,000
` 5,000
` 3,000
` 5,500
` 5,500

Total

` 50,000

Stipend during Practical Training

Chartered Accountancy Course is one of the few professional courses in this part
of the world to provide an appreciable level of stipend to students while they are
undergoing Practical Training. Present scales of stipends have been given on page
28 of this booklet.

Scholarships
The Institute grants various scholarships to students namely, Merit, Merit-cumNeed based, Need based and Weaker-sections scholarships out of the funds of the
Institute and Endowment Schemes created by individual donors/trustees/ societies.

Fee Exemption
Fees exemptions/concessions are also given to different categories of CA students
like meritorious students, differently abled students, children of military and
para-military forces who have lost either of their parents in action.

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

13

Accounting Technician
Course (ATC)

A candidate who doesnt wish to pursue CA Course may opt for the Accounting Technician
Course. It is to be noted that Group I of Intermediate (IPC) Course (alongwith one year of
experience under a Chartered Accountant) is equivalent to ATC. A candidate who does not
wish to complete erstwhile Intermediate/PE-II/PCC/IPCC can opt for ATC.

Enrol with the Institute for Common Proficiency Course (CPC) after passing class 10th
examination
Appear in CPT after appearing in the senior secondary examination (10+2 examination)
Enrol for ATC
Complete eight months of study course from the date of ATC registration
Complete Orientation Course of one week spanning 35 hours
Complete 100 hours Information Technology Training (ITT)
Appear and pass Accounting Technician Examination (ATE)
Complete one year work experience under a chartered accountant in practice or in
industry
Be designated as an Accounting Technician.

Subjects
Paper - 1
Paper - 2
Paper - 3
Paper - 4

Accounting
Business Law, Ethics and Communication
Cost Accounting and Financial Management
Taxation

(100 Marks)
(100 Marks)
(100 Marks)
(100 Marks).

Options to Pursue CA Course

after becoming an Accounting Technician

14

Enrol for Group II of Intermediate (IPC) Course

Register as an Articled Assistant for a period of three years
Appear and pass Group II of Intermediate (IPC) Examination comprising of three papers
Register for CA Final Course and prepare for CA Final Examination
Undergo 15 days GMCS I during the first year of Practical Training
Undergo 15 days General Management and Communication Skills (GMCS II) during 1936 months of Practical Training
Complete three years period of Articled Training
Appear in the Final Examination while serving last six months of Practical Training.
Pass the final examination and complete GMCS II, if not completed earlier
Enrol as a member of ICAI and be designated as a Chartered Accountant.

The Institute of Chartered Accountants of India

Recognitions
For CA Course

For PhD Programme

The Association of Indian Universities (AIU) recognises Chartered
Accountancy Qualification with graduation as equivalent to Post
Graduate Degree or allied disciplines in Commerce for pursuing the Ph.D.
Programme.
One hundred and five Indian Universities/Indian Institutes of
Management/IIT Madras have also recognised Chartered Accountancy
Qualification as equivalent to Post Graduation for admitting CA students
to the Doctoral Programme.

Eligibility for Chartered Accountants

to appear in Civil Service Examination
Chartered Accountants are eligible for admission to the Civil Services
Examination, conducted by the Union Public Service Commission, Civil
Services Examinations for recruitment to IAS, IPS and other Group
'A'/Group 'B' Central Services/Posts.

Special Weightage to CA Course in IIM Bangalore

Chartered Accountancy is the only professional course which is given
special weightage while admitting candidates to the Indian Institute of
Management Bangalore for its PGDM programme.

Memorandum of Understanding with IGNOU

The Institute has entered into an MOU with IGNOU (Indira Gandhi
National Open University) to enable its Members and students to
pursue BCom/MCom/BBA/MBA Courses of IGNOU.

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

15

MOU/MRA/Joint Declarations/Licence Agreements

with International Accounting Organisations
The Institute has entered into a Memorandum of Understanding (MOU) and a Mutual
Recognition Agreement (MRA) with various International Accounting bodies and
Institutions on how ICAI members can get reciprocal memberships and other
professional advantages. These bodies include...
The Institute of Chartered Accountants of England and Wales (ICAEW)
Certified Public Accountant, Australia (CPAA)
Institute of Chartered Accountants of Australia (ICAA)
Certified Public Accountants in Ireland (CPA Ireland)
Canadian Institute of Chartered Accountants (CICA)
Higher Colleges of Technology, Ministry of Higher Education and
Scientific Research, UAE
University of Djibouti
The Bahrain Institute of Banking and Finance
Information System Audit & Control Association (ISACA)
The New Zealand Institute of Chartered Accountants (NZICA)
Association of International Accountants, UK
The Vietnam Association of CPAs
The AASB of Bhutan.

For details regarding the MOUs, please visit Institute's website www.icai.org

16

The Institute of Chartered Accountants of India

Opportunities for
Chartered Accountants

Chartered Accountancy provides highly rewarding and challenging

careers in every conceivable segment of trade, industry, commerce, government &
non-government / non-profit sectors. A profession that imparts the best of technical
skills in financial and management areas and abilities necessary for deciding and
acting upon high-pressure situations. Chartered Accountants today have occupied
top management positions in public as well as private sectors. They also render
professional services as accountants and management consultants. CAs today are part
of the top management team and hold key positions in the corporate sector and
government. Rapid changes taking place in the economy have further opened up new
vistas of opportunities for Chartered Accountants. On becoming a Chartered
Accountant, you have many options for pursuing a challenging and rewarding career.

Independent Professional Practice: Sky is the Limit

As practitioners of public accounting and auditing, CAs may start professional practice
as a proprietor or join any existing firm as a partner or staff member. A CA has been
entrusted with substantial responsibility of complying with the provisions of various
legislations such as compulsory audit of the accounts of all companies, banks,
cooperative societies, stock brokers, big income-tax assessees, large bank borrowers,
etc. A Chartered Accountant also provides compilation and review services as and
when required by enterprises. While practicing as an independent professional, a CA
also acts as a business advisor by providing all kinds of services including preparation
of financial reports with restructuring of finance options preparing financial
projections showing how the loans shall be repaid, and determining the viability of
businesses. As a tax advisor, a CA helps businesses and individuals to comply with tax
laws and represents their clients before government agencies. Risk Management and
Internal Audit are also growing areas of professional practice.

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

17

Opportunities in Global Arena

Today, Indian Chartered Accountants have an impressive presence throughout the
globe holding eminent positions. Many MNCs as well as KPOs prefer Indian CAs for
their expertise in IFRS, International Taxation, International Trade Laws and
Accounting in IT environment.

Management Consultancy Services

As a management consultant, a CA can also identify, evaluate and recommend ways to
increase revenue and reduce operating costs, analyse operations and suggest changes
in structure and individual responsibilities, conduct special studies, prepare
recommendations, plans and programmes and provide advice and technical assistance
in their implementation. The breadth of management advisory services rendered by
Chartered Accountants reflects their clear response by application of their technical
knowledge and business experience to the client's changing needs. Such services
include...

Financial management planning and financial policy determination such as

capital structure and related areas.
Preparation of project reports and feasibility studies.
Management accounting systems, cost control and value analysis.
Budgeting, inventory management, working capital management.
Business policy, corporate planning, organisation development, growth and
diversification.
Systems analysis and design, and computer related services.
Advisor or consultant to public securities issue.
Investment counselling in respect of securities.
Quality audit, energy audit and environmental audit.

Opt for Industry/Government Organisation

A Chartered Accountant may prefer to join an industry or government organisation
and hold a responsible position. Chartered Accountants are responsible for developing,
analysing and reporting on information needed for business decisions. They also
evaluate the financial effects of management's actions. A Chartered Accountant may
also take up the job of an educator at a University/College. Many Chartered
Accountants hold responsible positions in businesses or industrial firms as CEOs,
Managing Directors, Directors (Finance) and Chief Accountants.

18

The Institute of Chartered Accountants of India

Campus Placement
Programme

The Institute has the Committee for Members in Industry which, inter alia, assists
newly qualified members of the profession in finding jobs in the Industry. This
committee organises campus interviews for these members and acts as a link
between the industry and professionals. Over the years, the Campus Placement
Programmes have received tremendous response.

Maximum Salary Paid

Feb-Mar 2014

Aug-Sep 2014

Feb-Mar 2015

` 20.25 lakh PA for

International Posting

` 24 lakh PA for

` 30 lakh PA for

International Posting

International Posting

` 21 lakh PA for National

` 17 lakh PA for National

Posting

Posting

` 21.5 lakh PA for

National Posting

Average Salary Paid

Feb-Mar 2014

Aug-Sep 2014

Feb-Mar 2015

` 7.38 lakh PA

` 7.29 lakh PA

` 7.2 lakh PA

Top Recruiters during Campus

Placement Programme, Feb-Mar 2015
Bharti Airtel
Tolaram Group
Religare Finvest Ltd
Infosys Technologies Ltd
Genpact
Haribhakti & Co LLP
Barclays Shared Services Pvt Ltd

S. R. Batliboi & Co LLP

BSR & Co LLP
TCS
Deloitte Haskins & Sells LLP
Wipro Ltd
L&T

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

19

The Board of Studies

ICAIs Interface with Students

The Board of Studies (BoS) is the premier educational wing of the Institute. The
mission of Board of Studies is to provide a strong foundation of knowledge,
skills and professional values that enables students to grow as wholesome
professionals and adapt to change throughout their professional career.
The Board of Studies' academic function mainly relates to undertaking all the
work relating to preparing, revising and updating the course material and other
relevant literature. Headed by the Director, BoS, it has a dedicated team of faculty
members who are either Chartered Accountants themselves or are subject experts
in their relevant subject areas. These faculty members, apart from preparing and
revising the course contents and other relevant literature, undertake all other
functions like students' counselling, answering academic queries, taking lectures,
preparing mock tests and quizzes etc.
Study Materials for all the subjects at CPT, Intermediate (IPC) and Final levels are
prepared in-house by the respective faculty members. The Study Materials, which
are prepared after a detailed study, research and editorial work, are generally
divided into two volumes. Volume I deals with the conceptual framework and
Volume II is the Practice Manual, which contains questions from the past
examinations along with the solutions. In certain subjects like Cost Accounting
and Financial Management, there are four volumes (since there are two subjects)
and in Taxation, there are three volumes.
Subject-specific Practice Manuals contain a rich bank of questions along with
solutions to help in better understanding and application of the concepts
explained in the Study Materials. Questions from the past examinations are
adapted and solutions are worked out in detail with working notes and
explanations, wherever required.
Supplementary Study Papers are annual publications, containing a discussion of
the amendments made by the latest Finance Act and significant notifications &
circulars in Direct and Indirect Tax Laws.

20

The Institute of Chartered Accountants of India

Select Cases in Direct and Indirect Tax Laws is a compilation of significant recent
judicial decisions of Supreme Court and High Courts which, when read in
conjunction with the DTL & IDTL Study Materials, will enable students to
appreciate the significant issues involved in interpretation and application of tax
laws.
The Revision Test Papers (RTPs) contain a variety of questions along with
solutions broadly covering the syllabus of each subject. The RTPs are prepared
with the twin objective of helping you self-assess the effectiveness of your study
and revision by solving the questions contained therein independently and
comparing the same with the answers given and updating you on the latest
developments relevant for your examination in all the subjects.
Suggested Answers contain suggested answers to questions set at the CA
Examinations. These answers are prepared with a view to assist you in education.
Suggested Answers will enable you to solve the problems in the best possible
manner and guide you to improve your performance in the examination.
Mock Tests are conducted at the Regional Offices and Branches of the Institute
and check the students level of progress before the examination. Mock Test Papers
are also hosted on the website along with suggested answers for the help of
students who could not attend the mock tests.
The Students' Journal - 'The Chartered Accountant Student' is another form of
disseminating important information for your benefit. It provides quality articles
and academic updates that help you in your learning process. You can also send
your articles for publishing in the journal.
BOS Publication - 'How to Face CA Examinations'? is a lucid, comprehendible
handbook which gives practical tips on how to study each subject, how to whet
your learning skills and how to face the examination with confidence. You
may read/download this booklet from the Institute's website.

Organising Oral Coaching Classes for all the levels of CA

Course. BoS encourages Regional Councils and Branches
of the Regional Councils of the Institute to conduct
coaching classes for the students undergoing
the CA Course at various levels (CPC / IIPCC /
Final). For complete details of such
coaching classes (which is not

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

21

mandatory), please get in touch with the office of the nearest Regional Council
or its Branches.
Let us NOT rush to attend physical/satellite classes as a part of crowd mentality,
without first evaluating our options. Let us avoid rote/parrot learning using short
notes/books written in concise and precise style like a Key, which do not provide
adequate knowledge required to succeed in the CA Course. Do consider whether it is
worthwhile spending huge sums of money, efforts and travel time, when a complete
distance education package is available on Cloud Campus FREE of Cost, that enables
students to learn at their own pace, at their doorsteps anytime and at the click of a
button!

Other services of the BoS

Publication of booklets on various aspects of self-development such as personality
development, public speaking, communication skills, preparing for CA examinations,
time and stress management, etc.
Counselling students through correspondence, e-mails as well as personal discussions.
Administration of need-based, merit-based, merit-cum-need based and endowment
scholarship schemes for the students.
Entering into MOUs with Indian universities/overseas accounting bodies for working
out mutually beneficial schemes.
Organisation of National and International convention of CA students, one day/two
day seminars, elocution contests, quiz contests, joint seminars with universities, etc.

BOS At Your Service - Helplines

S.No.

Area of Service

Concerned Officer

Contact Details of the Officials

Email
Telephone No.
nidhi.aggarwal@icai.in 0120-3045988

1.

Orientation Programme,
Accreditation of
Institutions

Ms. Nidhi Aggarwal

2.

GMCS

Dr. Mitali Pathak

mitali.khosla@icai.in

0120-3045915

3.

IT Training, Advanced IT
Training

Mr. Manna Dey

mannadey@icai.in

0120-3045924

4.

Grant of Scholarships

Mr. Gagandeep Singh

gagandeepsingh@icai.in

0120-3045930

5.

Four Weeks' Residential Mr. Ashok Dua

Programmes, MOUs with
Indian Universities

ashokdua@icai.in

0120-3045935

6.

Non-receipt of Students
Journal & subscriptions

nosj@icai.in

0120-3045903

Mr. Y.S. Bisht

For complete details of the aforesaid services, please visit www.icai.org

General Helplines
0120-3045930, 931
7.
(click students on the home page of the portal)

22

The Institute of Chartered Accountants of India

For further details about

the CA course and other
services which the
Institute is provides to
students, please visit
'Students' section on the
Homepage of
www.icai.org.
Officials may be
approached preferably
through e-mails and it is
suggested that ONLY the
relevant help may be
sought from the
concerned officials. This is
to maintain the most
appropriate quality of
service to the students.

ICAI Cloud Campus One-Stop-Window

The ICAI Cloud Campus galvanises the
power of the cloud to reach out to
students across the country and
abroad to get education and training
at their doorsteps; and at the same
time provides A One-Stop-Window to
all their educational, administrative,
examination, enrolment and other requirements. The Cloud Campus integrates navigation
of six portals for easy access by students; namely -

Education for CA Course

The ICAI Cloud Campus provides education for the CA Course at all the three levels viz., CPT,
Intermediate (IPC) and Final Level that enable students to learn anytime and from
anywhere from the convenience of their homes/ offices in the form of -

1. e-Learning on the Students Learning Management System (LMS) at

http://studentslms.icai.org/index2.htm
The e-Learning facility for all levels of the CA Course is available through the Students
Learning Management System (http://studentslms.icai.org/index2.htm) . Student
LMS provides e-lectures for all the
three courses paper-wise and chapter
wise. The Students LMS also tracks the
learning and development by students
in terms of e-Lectures available, visited
and completed. Students are also
provided with a Self-Assessment Quiz
after each chapter, to enable students
to make a Self-Assessment of their
preparation for forthcoming
examination.
The e-Lectures on the Students LMS are mobile-enabled - students can now access the
online e-Learning even on their smartphones and tablets, while on the move. Access to

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

23

e-learning is FREE. The e-Learning facility aims to supplement the Study Material,
Practice Manual and other content provided to the students.
2. Video Lectures on practical problem solving subjects
Video lectures for practical problem solving subjects like Accounts, Taxation, Financial
Management, Advanced Management Accounting etc., are now available on the Cloud
Campus providing greater
conceptual clarity and
problem solving skills. These
lectures aim to teach step-bystep practical problem solving
process on the Blackboard a
key skill requirement today
from an examination
perspective. These video
lectures have been hosted on
the Cloud Campus
(http://cloudcampus.icai.org)
3. Online Mentoring
Online mentoring facility on the Cloud Campus aims to enable Students across the
country and abroad to get online mentoring subject and topic-wise for all the three
levels of the CA Course including counselling. Students would also be able to ask
queries on the session/event topic, which would get answered subject to availability of
time and relevance.
4. Webcasts for Students
The Board of Studies has already organised 60 Webcasts to reach out to students across
the country and abroad. Webcasts have been organised for the subjects of the Common
Proficiency Course (CPC), Intermediate (IPC) Course and Final Course; and on
Accounting Standards and on How to Prepare for CA Exams for the benefit of
Students. In addition, live webcasts are also organized on specific topics of selected
subjects, where syllabus has changed or students are finding difficulties. Recordings of
these Webcasts/Video on Demand (VoD) are available on the ICAI Cloud Campus.
Access to the aforesaid learning resources is FREE of
charge as a complete distance education package
designed to be pursued along with Articled/Practical
Training. Students are advised to make good use of
the online learning facility in place of rushing to
attend physical/satellite classes as a part of crowd
mentality. Students are advised to avid rote/parrot
learning using short notes/books written in concise
and precise style like a key, which does not provide
adequate knowledge required to succeed in the CA Course.
24

The Institute of Chartered Accountants of India

Practical
Training

The unique requirement of Practical Training is instrumental in shaping a wellrounded professional to ensure that students have an opportunity to acquire onthe-job work experience of a professional nature. The entire process of Practical
Training is administered by the M&SS Section of the ICAI.
Practical Training is a process of growing up from a CA student to an excellent
professional. It helps one to understand fine nuances of practical and professional
life. Practical Training also enables students to face the examinations where
application oriented questions are posed. Both theoretical and practical aspects
should go hand in hand along with communication and presentation skills coupled
with being technology savvy to become an extraordinary professional. Other
benefits of Practical Training are...

Exposes the candidates to the dynamic and demanding world of business and
helps them to balance their study and work commitments.

Helps in developing various skills like inter-personal skills (in dealing with peers,
seniors, clients), initiation, objectivity, communication skills, self-management
skills, etc.

Enhances understanding of different organisations, of how businesses work,

and of work relationships.

Helps to relate accounting work to other business functions and activities.

Develops the appropriate professional values, ethics and attitudes in practical,

real-life situations.

Helps in understanding the practical issues faced by businesses.

Helps in increasing the overall business knowledge.

Provides a broad exposure to a variety of areas - accounting, taxation, auditing,

finance, etc.

Helps in appreciating the problems in the examinations from a broader

perspective.

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.
Therefore, it is advised that students should take Practical Training sincerely.

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

25

When to Join Practical Training?

A student who has passed Group I/both Groups of IIPCC or has registered on the
basis of securing prescribed percentage of marks in Graduation/Post Graduation
under the Direct Entry Scheme can join three years of Practical/Articled Training
on successful completion of the Orientation Course and 100 hours Information
Technology Training (ITT).

Admission and Registration of Articleship (Regulation 45)

As per Regulation 45, a Member, before engaging an articled assistant, has to
satisfy himself that he is entitled to train
articled assistants and that his professional
practice is suitable for the purpose of
training articled assistants. It is obligatory
for the Member planning to engage
articled students to ensure on the one
hand, that professional practice is suitable
for imparting such training; and on the
other hand that such an articled assistant
has successfully complied with eligibility
conditions prescribed by the Institute.
Articleship shall be executed in Forms 102 and 103. Form 102 is a Deed of Article
and Form 103 contains various particulars which, along with documentary
evidence of compliance with Regulation 45, is required to be sent to the Institute
within 30 days of the commencement of articles.

Industrial Training (Regulation 51)

The entire period of practical training can be served either with a practicing
member or 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. Training in an industrial/commercial/financial
environment provides trainees with the opportunity to develop a problem-solving
attitude and to have an insight into the functioning of the accounts department.
It also diversifies their practical experience and helps them in developing the
attributes of team work and correlation with members of other professions and
disciplines.

26

The Institute of Chartered Accountants of India

Secondment (Regulation 54)

In order to expose the trainees at large to multi-disciplinary work and variety of
business situations, an arrangement of secondment has been provided in the
Regulation 54. The secondment enables an articled trainee to gain practical
experience, in areas where the Principal may not be in a position to provide the
same, in the office of another member in practice on the basis of a mutually
agreed arrangement. The member to whom the trainee is seconded is not entitled
to train more than two such trainees on secondment. The aggregate period of
secondment cannot exceed one year. The Council may permit secondment with
more than one such member provided the minimum period of secondment shall
be four months. Where an articled trainee is seconded to a member in industry, the
total period spent in the industry including the period of industrial training should
not exceed one year. The principal is required to include particulars of the
secondment in the report to the Council under Regulation 64.
Apart from the secondment of a trainee from one firm to another, or to an
industry, firms may exchange trainees on mutual basis for a limited period to the
advantage of firms and trainees. Such an arrangement is also quite flexible like the
scheme of secondment & enables the firms to overcome deficiency, if any, in
Practical Training imparted to trainees.

Part of Practical Training outside India (Regulation 54 A)

Part of the Practical Training can be undergone under eligible Members outside
India. Regulation 54A contains a provision whereby a principal can depute an
articled assistant not exceeding six months to any member outside India who is
eligible to engage and train such trainees under the bye-laws of institution or
body, etc., set up in the respective country under the relevant statutes. It may be

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

27

noted that in such cases no deed of articles needs to be executed or any intimation
to be sent to the Institute in this regard. Further, the principal remains responsible
for submitting the Report to the Council in terms of Regulation 64. It is an
excellent opportunity for articled assistants who are undergoing training in India
to get exposure outside India as well. It is not necessary that an articled assistant
is deputed only to a member of the Institute located in that country. In fact, an
articled assistant can be deputed to any member of that country's accounting
institution or body set-up under the relevant statute provided such member a is
entitled to train articled assistants (by whatever name called) in that country.

Present Scales of Stipends to Articled Assistants

A person registered as an articled assistant is entitled to receive a minimum
monthly stipend as per the rates specified under the Chartered Accountants
Regulations, 1988. The current minimum rates of monthly stipend payable,
depending on the situation of the normal place of service of the articled
assistants, are as follows...
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

(1)
(i) Cities/towns having a
population of twenty
lakhs and above.
(ii) Cities/towns having a
population of four lakhs
and above but less than
twenty lakhs.
(iii) Cities/towns having a
population of less than
four lakhs.

(2)

(3)

(4)

` 2,000

` 2,500

` 3,000

` 1,500

` 2,000

` 2,500

` 1,000

` 1,500

` 2,000

Permission to Pursue Other Courses of Study

Under Regulations 65 and 78 of the Chartered Accountants Regulations, 1988 an
articled/audit assistant cannot take up any other course of study or training,
whether academic or professional, without prior permission of the Council. Such

28

The Institute of Chartered Accountants of India

permission may be granted to an articled/audit assistant, for pursuing one

additional course of study at a time during the period of Practical Training on
submission of request in the prescribed form i.e. Form No. 112.

Working Hours
I

Working hours for the articled assistants shall be 35 hours in a week,

excluding lunch break.
ii. Office hours of the principal for providing articled training to the articled
assistants shall not generally be before 9 am or after 7 pm.
iii. Normal working hours for the articled assistants shall not start after 11 am or
end before 5 pm.
iv. 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.
v. In case of the exigencies of work, an articled 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 the number of completed
working hours, over and above the stipulated 35 hours per week.

Leave to an Articled Assistant

Regulation 59 provides that an articled assistant earns leave at the rate of one
sixth of the period actually served excluding from such period, the period for
which he has been on leave subject to a maximum of 156 days. Leave due shall
ordinarily be granted, if reasonable notice has been given to the principal by the
trainee.

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.

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

29

Articleship Portal (www.bosapp.icai.org)

The Board of Studies of the ICAI has been providing Optional Article Placement
facility for selection of Articled Assistants by CA Firms through its Articles
Placement Portal on pan India basis. It provides a platform to firms of Chartered
Accountants having vacancies for Articled Assistants to shortlist eligible students
for selection of articled assistants, and call them for Interview at their offices, as
per date and time convenient to them. Eligible candidates who have passed
Group-I or both Groups of the Intermediate (Integrated Professional Competence)
Course or have been admitted under the Direct Entry Scheme for Intermediate
(IPC) Course and are willing to join Articled Training can register themselves on the
portal.
ICAI

Services to the Online Placement Portal are available free of charge for both CA
firms and students and they can register online through the Portal at
http://bosapp.icai.org.
The services would be available for two months, twice a year. The candidates
shortlisted by CA firms would be intimated by e-mails through the Portal for
interview at their respective offices, at the designated date and time.

30

The Institute of Chartered Accountants of India

Examination
Department

The Examination Department is another important interface between ICAI and its
Students and Members. As far as the CA course is concerned, the Examination
Department conducts the following Examinations...
1. CPT - June and December every year
2. Intermediate (IPCE) - May and November every year
3. Final - May and November every year
For members, Examinations are conducted on Post Qualification Courses such as
Management Accountancy, Corporate Management, Tax Management, Insurance
and Risk Management, WTO International Trade Laws. Special Examinations are
also conducted for members of certain professional accounting bodies abroad
with whom ICAI has MOUs and Mutual Recognition Agreements (MRAs).
The Examination Department maintains a separate web portal for providing
various services to its Students and Members. It has also hosted Frequently Asked
Questions (FAQs) on important issues such as...
Verification of Marks and how to apply online
Supply of Certified Copies/Inspection of Evaluated Answer Books
Exemption in a Paper(s)
IPCE Unit Scheme
Pass Certificates
Mark Sheets.
Details of other services of the Department
such as issuance of Duplicate Mark
Statements, Pass Certificates, Transcripts
etc., are hosted at www.icai.org

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

31

Board of Studies & Decentralised Offices

For further information and to obtain the Prospectus,
students are advised to contact any of these offices

32

Western India Regional Office of ICAI

ICAI Bhawan, 27 Cuffe Parade, Colaba
Mumbai - 400 005
Phone: 022-39893989, FAX: 022-39802953
Email: wro@icai.in

Surat Branch of ICAI

ICAI Bhawan 2nd Floor, Saifee Building, Dayalji Baug Road
(Dutch Garden Road) Nanpura, Surat - 395 001 Gujarat
Phones: 0261-2472932 2464413, 2461154,
FAX: 0261-2464413
Email: surat@icai.org, suraticai@yahoo.co.in

Southern India Regional Office of ICAI

ICAI Bhawan, 122 MG Road, Post Box No. 3314
Nungambakkam, Chennai - 600 034
Phone 044-39893989, 30210300 FAX: 044-30210355
Email: sro@icai.in

Thane Branch of ICAI

A-4, Laxmi Mahal, Second Floor, LBS Marg
Chandanwadi Naka, Charai, Thane (W) - 400 602
Phones: (22) 25382451/53/54/56
E-mail: thane@icai.org

Eastern India Regional Office of ICAI

ICAI Bhawan, 7 Anandilal Poddar Sarani
(Russell Street) Kolkata - 700 071
Phone: 033-39893989 FAX: 033-30211145
Email: ero@icai.in

Bangalore Branch of ICAI

ICAI Bhawan No. 16/0 Millers Tank Bed Area
Bangalore - 560 052
Phones: 080-30563500, 30563501
FAX: 080 22252547 Email: bangalore@icai.org

Central India Regional Office of ICAI

ICAI Bhawan, Post Box No. 314 16/77 B Civil Lines
Behind Reserve Bank of India Kanpur - 208 001
Phone: 0512-3989398, FAX: 0512-3011193
Email: cro@icai.in

ICAI Bhawan 44 & 45 Opp. Union Bank of India Branch

Mettupalayam Road, Thudiyalur, Coimbatore - 641 034
Phones: 0422-4270056, 4270058, FAX: 0422-4270056, 4270058
Email: coimbatore@icai.org

Northern India Regional Office of ICAI

ICAI Bhawan, 52-54, Institutional Area, Vishwas Nagar
Shahdara, Near Karkardooma Courts, Delhi - 110 032
Phones: 011-39893990, 30210601-605 FAX: 011-30210680
Email: nro@icai.org

Ernakulam Branch of ICAI

ICAI Bhawan, 57/3146, Dewan's Road
Ernakulam, Kochi - 682 016
Phones: 0484-2369238, 2372953, 2369258
FAX: 0484-2372953, Email: ernakulam@icai.org

Ahmedabad Branch of ICAI

ICAI Bhawan, 123, Sardar Patel Colony,
Near Usmanpura Under Bridge, PO Navjivan Naranpura
Ahmedabad - 380 014
Phones: 079-27680946, 27680537, FAX: 079-27680537
Email: ahmedabad@icai.org

Hyderabad Branch of ICAI

ICAI Bhawan, 11-5-398/C, Red Hills
Hyderabad - 500 004
Phones: 040-23317026/27/28, 23393182, 30638600
FAX: 040-23393200, Email: hyderabad@icai.org

Baroda Branch of ICAI

ICAI Bhawan, Kalali - Tandalja Road, At Ladra
Vadodara - 390 012 Phones: 0265-2681115, 2680593
FAX: 0265-2681115, 2680593
Email: baroda@icai.org

Indore Branch of ICAI

ICAI Bhawan, Plot No. 19-B, Scheme No. 78
Part-II (Near MP Pollution Board), Indore - 452 010
E-mail: indore@icai.org

Nagpur Branch of ICAI

ICAI Bhawan, 20/1, Behind Vijayanand Society
Dhantoli, Nagpur - 440 012
Phones: 0712-2443968, 2441196
FAX: 0712-2454166, Email: nagpur@icai.org

Jaipur Branch of ICAI

ICAI Bhawan, D-1, Institutional Area,
Jhalana Doongri, Jaipur - 302 004
Phones: 0141-3989398, 3044200, 3044214
FAX: 0141-3044215, E-mail: jaipur@icai.org

Pune Branch of ICAI

ICAI Bhawan, Plot No. 8, Parshwanath Nagar
CTS No. 333 Sr. No. 573, Munjeri, Opp. Kale Hospital
Bibawewadi, Pune - 411 037
Phones: 020-24212250/51/52, FAX: 020 24489732
Email: pune@icai.org, punecpe@gmail.com

Chandigarh Branch of ICAI

ICAI Bhawan, Opp. Community Centre
Sector-35 B, Chandigarh - 160 022
Phone: 0172-5067756, FAX: 0172-2727699
E-mail: chandigarh@icai.org

Coimbatore Branch of ICAI

Phones: 0731-4298198, 3254900, FAX: 0731-4298198

The Institute of Chartered Accountants of India

The ICAI Network

Head Office - New Delhi

The
Institute ofCourse
Chartered
Accountants
India
The ICAI's
Interface withof
Students
Chartered
Accountancy

http://cloudcampus.icai.org

ICAI

Revolutionising
CA Education
How You Benefit?
One Stop Window: Providing end-to-end solution from
information about the course to course registration, to
education, to results.
Uniform education on pan India basis.
Live Webcasts providing strategy to qualify and excel in
respective subjects including important chapters thereof.
Video-on-Demand (VoD) also available.
E-Books that re-flow with screen size for convenient self study
even on mobiles and tablets, even on the move.
Audio Lectures/ Podcasts that student can hear even on the
move.
Free Access to all learning resources on Cloud Campus
Learn at your Pace while the Student Learning Management
System (LMS) tracks your learning and enables you to make a
self assessment of your preparation.

A next generation Interactive

Learning Management System
(LMS) for Students
Examination Oriented Teaching
First Student Cloud Campus in
accounting education
Learning system to be pursued
along with Practical/ Articled
Training.

e-Learning
DVDs Available
for
CPT, IIPC & Final
Courses

www.icai.org
ICAI Bhawan
, Plot
No. A-29,
The
Institute
of Sector-62,
Chartered Accountants of India
Noida - 201 309. Email: bos@icai.in