CHANGE IN ICAP's EXAMINATION POLICY

[kamranACA]

Shoaib

I appreciate your logic but am still of the view that such policy means that if finals student loses his ten years (or inter student six attempts) he will have to take start afresh and from scratch.

The certificates already issued don't make any issue for two reasons. Firstly you are NOT allowed to write CA Inter or CA Finalist etc with your name. This is ruled out already. If you lose all cards, your CA inter etc will remain uncounted towards any further endeavor. Yes, if you don't get onto it from scratch people may call and accept you as part qualified. (You cannot mention it as a qualification and designation).

Secondly, this is evidenced from previous practice of ICAP when historically such limits were imposed. I know a person who after failing from finals again started from scrath and qualified (from first paper) and afterwards became a partner of one of the big firms.

However, I wish this does not come true and what you are anticipating should be a fact. That's why I said ICAP's clarification is required to sort out this matter. CASA should make an effort, and detailed deliberation should be made.


Shani,

Thanks for detailing ICAEW's practice. However, there is also such a limitation period in force and in vogue.


Regards,



Kamran.

[shani420]

I talked to ICAP Karachi.They said that if a student fails to clear a module in 6 attempts to us k CA INTER tak k baqi pass hoay modules bhi annul ho jaen gay and he would be required to start CA from scratch.
Magar us nay kaha k Un k bare main policy abhi clear nahin hai jin k CA FINAL ka 10 year period lapse ho jae.He said that a detailed explanation of these rules will be issued soon.He could not tell me clearly k aya inko bhi CA scratch say start kerna hoga ya dobara E module say.
He also told that if a student once attempts two modules(e.g A+B) concurrently then he is required to clear BOTH THESE modules in 6 consecutive attempts and not in 12 attempts.
Regards.

[FARHAN123]

@shani420

Lets take a example . If a student has passed module A and according to fast track rule that student can give exam of both modules B and C combine . If that student does not give exam of module C in September 2010 attempt but attempts only module B . Will the attempt of module C will be counted or not ?

Do you mean that when the student give his first attempt of any module of CA inter , he has to complete that module in the remaining two and a half years .

Kia student ki kisi aik particular module ki attempt jub se count hona shroo hoo gee jub wo phailee baar os module ke paper dega ??

[FARHAN123]

Im talking only about CA Inter . In other words we can say that there is a time limitation of three years also in each module of CA inter ??

Clarification needed from all seniors on this issue .

[shani420]

Farhan123,
Mujhe to us nay yehi bataya k agar koi fast track say aik bar 2 modules ki attempt ker layta hai(ya register ho k absent hota hai) to phir us k 6 chances count hona start ho jatay hain for both modules so he has to complete both modules in next 5 consecutive attempts.
AAP khud aik bar bat ker lo.Clear ho jae ga.

[shani420]

Dekho Farhan ap ki example k mutabiq A mod to clear hai.
Agar ab student fast track opt kerta hai for B and C.Aur exam k lye register hota hai to 6 attempts count ho gi for both modules.
Agar ap fast track opt nahin kerte aur sirf B mod attempt kerne k lye register hote ho C k lye nahi to pehle 6 attempt B k milain gi aur bad main 6 C K lye.

[shani420]

Dear fellows,
I was earlier told by ICAP representative that if one fails to clear a module in 6 attempts then he would be required to start CA from scratch.
But on ICAP website they have written in FAQS that if one fails in 6 attempts then he is not allowed to do CA for ever(untill the policy changes).
http//www.icap.org.pk/web/links/0/faqs.php

[kamranACA]

I suggest all students who have queries start posting theri questions on this thread and keep on doing so for 15-20 days.

Thereafter, some senior person like Shoaib may consolidate all queries in one comprehensive communication to ICAP.

This will be detailed, comprehensive and represent concerns and inputs from more than one source.

ICAP will provide clarification to such communication and that can be shared here for the benefit of all.

Just a suggestion.


Regards,

[Schuaeb]

Surely writing to ICAP may be the best means available to get clarifications. And I reckon so far the Institute may have received quite some emails on the subject including mine. We can anticipate that soon clarification of these changes will be provided.

However, the main concern, the fate of students who didn't qualify within the given number of attempts, the link provided by the shani clearly gives the answer without any two meanings. I reproduce the particular question and the answer as given on ICAP's website

Question I am a student of Module D. What if I am not able to pass Module D in six attempts? Am I required to redo from Module A or will I be given credit for Foundation?

Answer As per present policy, you will not be allowed to pursue chartered accountancy in any manner.

Wow! That's a major change in policy, and still wonder why the Institute needed to do it. The question didn't specifically mention about Module E and F, though presumably same is supposed to be true of these as well.

Coming to the point of previously issued certificates, I think the pointed provided by Mr. Kamran is valid that
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by kamranACA</i>
<br />your CA inter etc will remain uncounted towards any further endeavor. Yes, if you don't get onto it from scratch people may call and accept you as part qualified. (You cannot mention it as a qualification and designation).
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Part qualified people I don't think need to right about their qualification at any place other than their re'sume', and I think in the absence of any clear cut instructions abstaining from mentioning that, the practice will be acceptable.

Other question that yet are unanswered are the number of attempts for a student going for a combined attempt. According to the policy they are supposed to be six (upto inter) and hopefully clarifications will be available soon. The other question relevant to same scenario is more important that what if a student has attempted two combined modules but onwards due to limited attempts he wants to take modules one by one? May be in this case he will not deemed to be eligible until he passes two papers (i.e. he is promoted to next module as per previous policy).

As soon as I receive I reply from the Institute I will share here.

[FARHAN123]

Queries regarding changes in exam policy can be asked from the following email id

[email protected]

[FARHAN123]

In the ICAP FAQ s its written that

The progression rules have not been changed and one has to complete Module A and B before attempting Module C and D. Similarly Module F can be attempted after qualifying at least three papers of Module E.


Does that mean that a student cannot give a combined attempt of Module B and C ???

[Tango]

Hello everyone,

Surely the CHANGE IN EXAM POLICY should be interpreted well as above.
Kamran ACA and all friends are making good discussion on this.
I think the conclusion is that;
if student don't clear Mod-D in six attempts his all previously passed papers/Mods will be cancelled and no market value.

BUT NOW ISSUE IS THAT"
QIf a student clear CA-Inter, and accomplishes his aritcleship,
And if he do not clear module E or F in prescribed period/attempts,
then is his/her CA-Inter will be cancelled?
What is the status of CA-Inter qualification in the market?
Because CA-Inter and articles completion required almost 5 years,..a
half decade,..?
What ICAP say about the legal practise/job of CA-inter qualified?
Is ICAP issue CA-Inter credentials/certificate?

I have sent mails to ICAP at
[email protected],[email protected]..

THANKS


QIf a student clear CA-Inter, and accomplishes his aritcleship,
And if he do not clear module E or F in prescribed period,
then is his/her CA-Inter will be cancelled?
What is the status of CA-Inter qualification in the market
because CA-Inter and articles completion required almost 5 years,..a
half decade,..?

[Schuaeb]

Tango, instead of speculating on the possible impacts of this policy and explanation by the Institute may provide better solution. So far I've not received any replied. However, I believe nothing in the said policy means cancellation of previously achieved certificates i.e. Foundation, Intermediate and Training, and the same does not seem practicable. In my view the impacts would be that such student will not be allowed to pursue chartered accountancy further. He or she has to rely upon previous achievements. Still nothing can be said in a conclusive manner. Meanwhile we will appreciate if you share ICAP reply with us. One more thing training and inter in most of the cases require more than half of a decade.

Farhan123 it never means that a student cannot attempt module B or C simultaneously.

[shani420]

I called ICAP Karachi once again today.The representative told me that if a student fails to clear mod D in 6 attempts then he can start CA from scratch.It is contrary to what is written in Faqs.
He also told me that if 10 year limit to clear CA Mods E/F lapses then the candidate is also ineligible to carry on.Though he can start from scratch.
I also asked him about those ACCA affiliates who initially registered with ICAP and started training but later on left it for ICAEW or some other CA.He told me that their 10 years limit would have started after their eligibility for E mod exams.Ab agar woh CA karain ya chorain unki limit chalti rahegi and it would lapse after 10 years and they would become ineligible for CA.But if they complete ICAEW/others then they can get ICAP membership even after becomining ineligible from ICAP.
@Schuaeb,
Do share the reply from ICAP whenever u get it.It would clear k aya yeh bhai sab nay phone peh ghalt bataya hai ya main Faqs K question ko samjh nahin paya.

[zafar]

Read FAQ uploaded on ICAP web site,