29 January 2009
Respected Sir/Madam, Myself Pragnesh Choksy appeared for P.E.-II examination in Nov'2008. Kindly note that it was my 5th attemp. I cleared Group-II during my 3rd attemp and moreover I got exemption this time(i.e. in 5th attemp by scoring 75 marks in Paper-3.)By this way only 2 subjects namely Paper-1 Accounting and Paper-2 Auditing are yet to be cleared. Also note that I have completed my 250hrs Compulsory Computer Training(CCT).
Now my Questions are as follows, Q-1. If I clear both of above mentioned remaining papers (i.e. Paper-1 & 2)by next attemp of P.E.-II, what will be the applicable articleship period for me? 3years or 3.5 years? Also note that I have exhasted my 5 attemps but last attemp of P.E.-II is May-2009 so am I required to re-register? If so describe the procedure.
2.What should I do if I want to take conversion in PCC scheme? What would be the applicable Articleship period for me in that case(i.e. if I opt for PCC)? What will be the procedure for coversion and fee structure? What about ITT Trainnig since I menitioned you that I have completed my 250 hrs.CCT Training? Also inform me whether there is any substaintial changes in Syllabus of Accounting and Auditing? If I take conversion what would be my benefit as compared to P.E.-II.
3.What is exactly IPCC? What is the procedure for conversion from P.E.-II to IPCC? What will be the procedure for the same and applicable Articleship period? Whether syllabus of Auditing and Accounting is substaintially different as compared to P.E.-II. What is the benefit of conversion in IPCC?
4. I have already mentioned you that I have cleared Group-II of P.E.-II and Paper-3 and now only two papers (i.e. Accounting and Auditing)is yet to clear. So if I opt for either PCC or IPCC whether my exemption in Paper-3 and Group-II will be considred for both of this option?
Kidly look into hte matter with deep interest. Hope to hear from you soon....
CAclubindia
