Another Scheme change by ICAI

Hi all,

The following article has appeared in The Hindu and authored by Sivakumar which I am reproducing here which says that the Institute vide its notification dated September 1, 2008 has again changed the scheme of articleship training – I am not too sure about the detailed working of the scheme as I am not able to locate the notification in the ICAI site. I am anyway reproducing the article for whatever it is worth:

Accounting technicians in ICAI’s new scheme 

R. Sivakumar

The entry requirements for articleship training in the chartered accountancy course were not tinkered with from 1949 to 1992 (except for a few years). This was mainly because the articleship was open only to graduates.

In 1992, the Foundation course was introduced which saw many talented youngsters successfully completing the chartered accountancy course.

However, many of the firms had their own reservations about the maturity of the entrants. To address this as well as the uniformity of the entrants, the ICAI, in 2002, decided to allow articleship only for students passing the PE-II course.

This decision of the ICAI frustrated both the entrants as well as chartered accountant firms, as the course got automatically extended to at least five years and firms suffered for want of entrants. Following another review in 2006, the course was thrown open to the students passing the CPT exam along with Plus 2.

The outcome is that today more than a lakh of students have successfully completed the CPT, but the main problem is that many of them are not able to do their graduation and some are unable to obtain articleship. In fact, some of them have been doing the so-called ‘dummy’ articleship.

The IPCC  

The ICAI has now proposed to amend the regulations (Notification dated September 1, 2008) so that henceforth to do articleship the candidate has to pass both the CPT and Group I of the proposed Integrated Professional Competence Course (IPCC) .

This course has three levels — Group I, Accounting Technician (optional) and Group II. A candidate enrolled for the IPCC shall be eligible to three years articleship on passing the Group I or Accounting Technician level.

The regulation is silent about the number of papers and the details of the syllabus of these Groups and that of Accounting Technician course.

A reading of the regulation indicates that it is nothing but a throw back to the erstwhile Foundation or PE-I examination. Quite ironically the regulation has been notified along with the proposed Accounting Technician course but a candidate passing Group II of the proposed IPCC course is not permitted to register for articleship.

The articleship period in effect is reduced to three years but the minimum time for completing the course will be four years as against the existing three-and-a-half years.

Destabilising effect 

As early as 1959, the stalwarts of the profession had clearly foreseen that the chartered accountancy course would be more apt and suitable for graduates as they would have the required aptitude and maturity.

Compared to the initial four decades, wherein much changes were not effected, the ICAI has been changing the curriculum quite often in the last two decades, more so in the last decade.

These changes have a destabilising effect on the profession.

There is no point in trying to unnecessarily compare the profession with that of engineering, medicine, and so on.

The problem lies more clearly on the overall structure of the profession with specific reference to practicalities, methodology of the examination and evaluation. It is time the ICAI looked into these aspects.

More confusion and More chaos for the students – Enjoy !!!! – Srinivasan


19 Responses to “Another Scheme change by ICAI”

  1. 1 vishal January 8, 2009 at 8:16 am

    is atc compulsory for students appeared in december 2008 cpt

  2. 3 mukesh sharma January 30, 2009 at 9:49 am

    wat abt the students who completed the much time it will take them to complete the courses and for what period of time they required to undergo for the articleship.please reply for the query and after how many months a c.s. passed stuedent can sit for the exam.i mean to say after enrollment wid the institute we can sit for the exam and for which group and how many groups are there for us to give the exam

  3. 4 Hemant Vaish February 6, 2009 at 2:45 pm

    Sir, I Passed The CPT Examiniation on June 2008 Then I Join The PCC
    Course I want to change my course from PCC to IPCC What’s the Procedure.

  4. 5 Atul Nighot June 2, 2009 at 10:24 pm

    Hi, sir I have passed Cpt Examination on the Feb.2008, but i did not join the PCC course yet. So now I want to join IPCC, please sugest me what i need to do?

  5. 6 neetika August 3, 2009 at 2:44 pm

    i have to give my cpt exam online this month in august. I want to know that i will be eligible for ipcc exam in may 2010

  6. 7 Saurabh Singh September 25, 2009 at 12:08 pm

    Hi Sir,

    those who have did the graduation in distinction for that student what facility provide By ICAI because CPT is compulsory for all Student those who did just 12th or Graduation. So, pls tell me that what is the difference of BCom or any graduation with 12th S.S.C. student .

  7. 8 Anu October 22, 2009 at 4:21 pm

    Hello Sir/Madam,

    I have completed my ca foundation in 2003,and then i got registered under a CA for articleship and done articleship for 6 months. Thereafter, because of the rude and misbehave of the CA i asked him to sign my termination form so that i can get registered under any other CA, but he denied to do that. So i gave 2 attempts of PE-II and left ca course. That time i was in chandigarh. Now i got married and i am in Bangalore and again want to start my CA but to get registered under any other CA and dont want to contact that previous one. Please tell me what to do and how to proceed, as lot many things has changed in ICAI. Please help me and tell me how to proceed.

    Thanks and Regards,

  8. 9 Shreya July 5, 2010 at 7:35 am

    Hi sir/madam,
    I have appeared for Cpt in June 2010. I want to know if I dont write my IPCC exam in May but opt to write in November, will that be counted as my first attempt or second attempt? How many attempts are allowed in all?

  9. 10 k.lakshmi October 31, 2010 at 8:20 am

    Hello Sir,
    I have joined my CA PE-2 course on 2004. but i had

    written group-1 papers for 2 attempts. now i want to know how to
    change from PE-2 to IPCC . please help me to proceed.

  10. 11 hema joshi November 2, 2010 at 5:40 am

    Dear Sir/mam

    Kindly tell me how many attempt we can give for ipcc.


  11. 12 Hare Uikey July 6, 2011 at 11:56 am

    I’ve appeared in CPT in Dec 2010,i want to know what is process for registration in IPCC and how many attempts are allowed?

  12. 13 RAM July 12, 2011 at 5:30 am

    articleship is compulsary to students for gain practical its my suggesion to all ipcc students,”please go for art”.

  13. 14 Ajith November 17, 2011 at 3:54 am

    Sir i am mani i passed ca cpt and also completed graduation in bbm with 54.75 may i have any relaxation to join ipcc and articleship

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