Discontinuation of Professional Competence
Examination (PCE) reg
Important
Announcement
BoS/Announcement/227/13 dated January 7, 2013
As notified in
the ‘Implementation Schedule’ on the Institute website, students who are
pursuing Professional Competence Course (PCC) are hereby informed that the Professional
Competence Examination (PCE) will be discontinued on culmination of November,
2012 examination. PCC students who wish to continue their studies in Chartered
Accountancy Course, are required to switchover to Intermediate (Integrated Professional
Competence) Course immediately and students who are appearing for November,
2012 Examination, may switchover to Intermediate (IPC) Course after declaration
of PCE result, by fulfilling the following procedure:
1. Conversion
Fee to be paid alongwith the Conversion Form:
|
Particulars
of fee
|
Fee
(Rs.)
|
Fee
($)
|
|
Conversion Fee
for Both Groups (including Study Material)
|
500
|
30
|
|
ATC (Optional
) Fee
|
1000
|
60
|
Above fee is to
be paid 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 alongwith the Conversion Form as available
at www.icai.org >
Students > Course Registration Form > Conversion Form from PCC to
Intermediate (IPC) Course.
|
Fee Payable
for undergoing IT Training, if not completed earlier, to the concerned
Regional Office/ Branch where the Training is to be undergone:
|
||
|
IT Training
Course Fee
|
4000
|
250
|
Further details
and procedure to be followed for converting from Professional Competence Course
(PCC) to Intermediate (IPC) Course:
All students who
have been registered for the Professional Competence Course under Regulation
28C of the Chartered Accountants Regulations, 1988 are hereby informed that Professional
Competence Examination (PCE) will be discontinued with the culmination of the
November, 2012 examination. Students who wish to pursue the Chartered
Accountancy Course are required to switchover to Intermediate (IPC) Course
immediately by submitting the following to the respective Regional Offices
from where practical training registration was done earlier, for conversion to
Intermediate (IPC) Course:
- Fill and submit the prescribed form alongwith Conversion Fee as specified above for shifting from Professional Competence Course (PCC) to Intermediate (IPC) Course. Form for switchover to Intermediate (IPC) Course can be downloaded from the following link: http://220.227.161.86/14650IPCC_Converson_Form.pdf or from www.icai.org > Students > Course Registration Form > Conversion Form from PCC to Intermediate (IPC) Course.
- Enclose a copy of certificate issued by the ICAI having undergone Compulsory Computer Training (CCT)/ Information Technology Training (ITT), if already completed, for ready reference.
- Enclose a copy of Articled/ Audit Training Registration/ Completion Certificate issued by the Institute.
2. Eligibility
Requirement to appear in Intermediate (IPC) Examination after conversion:
Professional
Competence Course (PCC) students would be eligible to appear in the
Intermediate (IPC) Examination on fulfilling the following requirements:
(a)
Undergo
100 hours Information Technology Training (ITT), if not completed earlier;
(b)
Completion
of nine months practical training (which include concurrent study course for a
period of eight months) – students who are not fulfilling the above requirement
(i.e. has served less than 9 months of articled training), shall be required to
re-register for practical training and complete nine months so as to become
eligible for appearing in the Intermediate (IPC) Examination;
It is clarified that students who are
converting from PCC to Intermediate (IPC) Course are required to undergo
articled training for a period of three and half years (3½);
(c)
Orientation
Course is exempted for PCC students converting to Intermediate (IPC) Course.
3. Validity of
Exemption and Validity of One of Groups Passed in Professional Competence
Examination (PCE):
(a) Students who
have passed one of the groups under Professional Competence Examination (PCE)
will get paper wise exemption (NOT group wise exemption) in the
Intermediate (IPC) Examination. Those students, who have passed one of the groups
earlier, will have to register for both groups of Intermediate (IPC) Course and
have to appear and pass under ‘Unit Scheme’ of Intermediate (IPC) Examination.
Details of ‘Units’ are given hereunder.
UNIT
SCHEME UNDER INTERMEDIATE (IPC) EXAMINATION
DETAILS
OF PAPERS IN WHICH CANDIDATES ARE RE QUIRED TO APPEAR AND PASS IN ONE SITTING
AS A UNIT CANDIDATE IN INTERMEDIATE (IPC) EXAMINATION
|
STUDENTS
WHO HAVE PASSED GROUP-I OF PROFESSIONAL COMPETENCE EXAMINATION
|
||
|
Student
to pass Group I Of Intermediate (IPC) Course has to appear
|
Student
to pass Group II Of Intermediate (IPC)
Course
has to appear
|
Student
to pass Both Groups
Of
Intermediate (IPC)
Course
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 OF PROFESSIONAL COMPETENCE EXAMINATION
|
||
|
Student to
pass Group II Of Intermediate (IPC) Course has to appear
|
Student to
pass Group I Of Intermediate (IPC) Course has to appear
|
Student to
pass Both Groups
Of
Intermediate (IPC) Course 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
|
(b) Students who
have got exemption in Professional Competence Examination by securing 60% and
above marks under Regulation 37B (6) will get exemption in the corresponding
paper/s for the unexpired period chances in the Intermediate (IPC) Examination,
are given under.
Paper-wise
Exemption to the Candidates appearing in the Intermediate (IPC) Examination/Accounting
Technician Examination for the Un-expired chance(s) on the basis of having
secured a minimum 60 percent marks in a paper(s) in the Professional Competence
Examination (PCE)
|
Award
of exemption/s in paper/s granted in the Professional Competence Examination
under syllabus as specified in Regulation 28C (3) of the Chartered
Accountants Regulations, 1988
|
Award
of exemption/s in corresponding paper/s in the Intermediate (IPC)
Examination/Accounting Technician Examination (ATE) under syllabus as specified
in 28E(3) 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 - Paper 6 :
Information Technology and Strategic Management
|
Group II - Paper 7 :
Information Technology and Strategic Management
|
Director
Board
of Studies
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