CHANGE IN ICAP's EXAMINATION POLICY

[Tango]

Hello dear fellows,

I have made calls to icap isb/khi,
Isb representative said that he don’t know exactly about new policy (inko pta hona chahiya policies ka).
Icap khi told me to call icap facilitation center khi, I did so, they said that if a candidate can’t pass any mod in six attempts, he is not allow to further continue his CA,
But the previously passed Mods remain passed.
And he is not allowed to again enter in CA from Mod-A”,
I have also mailed to icap,
Icap Reply
The status of passing CA Inter will stand passed forever.
As per present policy, you will not be allowed to pursue chartered accountancy in any manner after completion of 10 year period. The passing status will remain intected.
Call icap facilitaion center 111000422ext325/318

[FARHAN123]

If any one have received any replies from ICAP regarding new exam policy then please share it with us .

[Schuaeb]

I don't know why didn't they reply me!

The reply Tango shared confirms what I thought the policies to be. They are obviously different from the previous lapse system. And it means even from now permanent credits will remain permanent.

Some other questions that I have are\
- What will be the maximum number of attempts if a students is appearing in two modules? I presume they will remain six even in this case.
- What will be the status of a student getting registered training on the basis of graduation and runs out of his attempts (six per paper) during his inter? The rules say that he won't be able to continue chartered accountancy further. What impact will be there on his training?

[FARHAN123]

Schuaeb are you sure the training period for students who join firm on the basis of graduation is now reduced to 3.5 years instead of 5 years ??

I also wants to know that whether a student can continue other qualification like MBA, Mcom etc while being training in a firm ??

[shani420]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by FARHAN123</i>
<br />Schuaeb are you sure the training period for students who join firm on the basis of graduation is now reduced to 3.5 years instead of 5 years ??

I also wants to know that whether a student can continue other qualification like MBA, Mcom etc while being training in a firm ??
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Farhan,
Now training period is 3 years for everyone(irresptective of whether they start it after CA inte,ACCA,graduation,pipfa etc).
If the student completes all CA papers(20) within 3 years , his training ends at 3 years.
But if he couldn't complete his papers in 3 years training period then his training is increased by 6 months(so total 3.5 years training).

[Schuaeb]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by FARHAN123</i>
<br />Schuaeb are you sure the training period for students who join firm on the basis of graduation is now reduced to 3.5 years instead of 5 years ??
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

100% and it's been like that since last quarter of 2008. The training infact is of 3 years that is increased by a further six months if a students is unable to qualify completely during his training as Shani said.

[FARHAN123]

How one can complete his CA in just 3 years ?? [D]

It takes minimum of 5 years if one passes all the papers in 1st attempt. Even if some one opt for fast track then 1 year for CA Inter and 3 years for final(it takes 1.5 years for giving Module E exams after joining firm) . It will be of 4 years then .

What ever !!

Please also tell whether a student can continue other qualification like MBA, Mcom etc while being training in a firm ??

[shani420]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by FARHAN123</i>
<br />How one can complete his CA in just 3 years ?? [D]

It takes minimum of 5 years if one passes all the papers in 1st attempt. Even if some one opt for fast track then 1 year for CA Inter and 3 years for final(it takes 1.5 years for giving Module E exams after joining firm) . It will be of 4 years then .

What ever !!

Please also tell whether a student can continue other qualification like MBA, Mcom etc while being training in a firm ??
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Farhan bhai,
pora CA 3 years main complete nahin kerna yar.U have to complete remaining papers of CA after starting training.
Agar ap ACCA/CA inter k bad article start karo to 3 sal main E/F Mod agar pass ho gia to training khatam warna 6 months increase ho gi.
Agar Bcom k bad training start ki hai to 20 papers(agar exemption nahin mili) 3 sal main kerne honge warna training 6 months increase hogi.After Bcom u can logically(difficult in reality) complete CA in 3 years if u start training.With fast track one should complete CA inter in first 1.5 year portion of training and complete E/F Mods in last 1.5 year portion of training.

[mazharje]

3 saal ki kahani kis ne daali hai,if u can pass e mod in Ist attempt and also F in Ist attempt then your articles will end after 3 years.

[FARHAN123]

THanx shani but my second question is still unanswered now that whether a student can continue other qualification like MBA, Mcom etc while being training in a firm ??

[shani420]

@mazharji,
U r right brother.
@Farhan,
I don't know about this.Schuaeb or someone else can explain.But I know a friend who is doing articleship in a good firm(but not big 4) as a graduate trainee and also doing MCOM from an affiliated college of a govt. uni as a regular student(class timings r 6 pm to 830 pm).He doesn't take classes per attendance lag jati hai.

[FARHAN123]

@shani
The chances of inducting in big 4 for me is very few now for being a late MFC . Will it be beneficial for me to complete CA Inter first or I should start articles on the basis of Bcom and try to pass papers as much as I can ??

[shani420]

@Farhan
aap ko is bare main seniors behter guide ker sakte hain.Maine to ACCA kya hai is lye CA k bare main kuch keh nahin sakta.

[FARHAN123]

[(]

[Tango]

Hi farhan,
After qualifying pipfa, only eight papers have to be cleared for MBA, see pipfa regulations,