IMPORTANT ANNOUNCEMENT FOR PE-II STUDENTS

Sudev Namboothiri (CA FINAL) (432 Points)

31 July 2010  

 

Important Announcement for students of erstwhile CA Intermediate/

Professional Education – II Course

BoS/Announcement/227/10

July 29, 2010

Sub: Discontinuance of Professional Education (Examination – II)

------------

Students registered for the Professional Education – II Course (PE-II) are hereby informed that the

said course has been discontinued by the Institute of Chartered Accountants of India with the

culmination of the May, 2010 examination.

Those students of erstwhile CA Intermediate/ PE-II course, who have not yet passed /are not able

to clear the PE-II examination held in May, 2010 are advised to register themselves for the

Integrated Professional Competence Course (IPCC) by following the prescribed procedure as given

below for switchover from CA Intermediate/ PE-II course to IPCC. Detailed procedure to be

completed in this regard can also be obtained from the respective Decentralized Offices where the

CA Intermediate/ PE-II Course students are registered.

Students who have appeared in the Professional Education (Examination-II) held in May, 2010 are

advised to wait for the declaration of the result before switching over to IPCC. Students, who pass

PE-II examination held in May, 2010 are eligible for registration of three years of articled training

immediately provided they have successfully completed the course on Compulsory Computer

Training (CCT) or Information Technology Training (ITT). Such students shall be eligible to appear

in the Final Examination during the last 12 months of their articled training.

Students who have not appeared in Professional Education (Examination-II) held in May, 2010 may

switch over to IPCC at any time.

This announcement will be effective from July 29, 2010 and onwards.

Director, Board of Studies

Detailed procedure and switchover fee structure for converting from erstwhile CA

Intermediate/ Professional Education (Course – II) to Integrated Professional

Competence Course (IPCC).

---------

All students who have been registered for the Intermediate/ Professional Education (Course-II)

under Regulation 28A of the Chartered Accountants Regulations, 1988 are hereby informed that

last Professional Education (Examination – II) has been discontinued with the culmination of the

May, 2010 examination. Students who wish to pursue the chartered accountancy course are

required to switchover to Integrated Professional Competence Course (IPCC) by submitting the

following to the respective Regional Offices from where previous registration was done, for

conversion to IPCC:

1. Fill and submit the prescribed form for shifting from Intermediate/ Professional Education

(Course – II) to Integrated Professional Competence Course (IPCC). Form for switchover

supplied alongwith IPCC Prospectus or can be downloaded from the following link:

https://www.icai.org/resource_file/14650IPCC_Converson_Form.pdf or from www.icai.org

>Students > Course Registration Form > Professional Education [PE-II] – IPCC Conversion

Form.

2. Pay the prescribed fee as shown below alongwith the filled in form. The Demand Draft is to

be 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.

A. PE-II Students who have completed 250 hours Compulsory Computer

Training (CCT) or 100 hours Information Technology Training (ITT)

Sl.

No. Details of fees Amount (Rs.)

1. Cost of Study Material of IPCC – Both Groups

(As against sale price as on date of Rs. 3,250/-) 1,500

2. Registration fee for Orientation Programme 1,000

Note: Students who wish to join for Accounting Technician Course (ATC) have to pay additional

fee of Rs. 1,000/- for ATC registration.

B. PE-II Students who have NOT completed 250 hours Compulsory Computer Training

(CCT) or 100 hours Information Technology Training (ITT)

Sl.

No. Details of fees Amount (Rs.)

1. Cost of Study Material of IPCC – Both Groups

(As against sale price as on date of Rs. 3,250/-) 1,500

2. Registration fee for Orientation Programme 1,000

3. Registration fee for 100 hours Information Technology

Training (ITT)

2,000

Note: Students who wish to join for Accounting Technician Course (ATC) have to pay additional

fee of Rs. 1,000/- for ATC registration.

In addition, the course fee for 100 hours Information Technology Training (ITT) is Rs.4,000/-

and for Orientation Programme is Rs.3,000/- payable separately at the time of registration for

the respectively at the time of registration for the respective courses.

3. Enclose a copy of the Intermediate/ Professional Education (Course-II) registration letter

received from the concerned Regional Office, for ready reference.

4. Enclose a copy of having undergone Compulsory Computer Training (CCT)/ Information

Technology Training (ITT) certificate, if completed, for ready reference.

5. Enclose a copy of commencement of Articled/ Audit Training certificate/ completion of

Articled/ Audit Training certificate received from the Institute, if applicable.

6. Students who have passed one of the groups under CA Intermediate (under para 2A of

Schedule ‘B’)/ Professional Education (Examination – II) will get paper wise exemption

(NOT group wise exemption) in the Integrated Professional Education Examination (IPCE).

Those students who have passed one of the groups earlier, as above, will have to register

for both groups of IPCC and have to appear and pass under ‘Unit Scheme’ of IPCE. Details of

‘Units’ are given hereunder.

Students who have got exemption by securing 60% and above marks will get exemption in

the corresponding paper/s for the unexpired period in IPCE. Full details are also available in

IPCC Prospectus and in IPCC Examination application form.

All such students to provide a copy of marks statement received from the Examination

division as proof of having passed one of the groups in CA Intermediate (under para 2A of

Schedule ‘B’)/ Professional Education (Examination – II).

7. Attested copy of marks statement of qualifications obtained between registration to CA

Intermediate/ Professional Education (Examination-II) and switchover to Integrated

Professional Competence Course (IPCC), if any.

8. All students registered for the Professional Education (Course-II) under Regulation 28A of

the Chartered Accountants Regulations, 1988 either through graduation route or

Entrance/Foundation/ Professional Education (Examination – I) route should switch over to

IPCC.

9. As per the Announcement dated February 5, 2010, students who switchovers or have

switchedover from CA Intermediate/ Professional Education (Course– II) to Integrated

Professional Competence Course (IPCC) and have completed minimum period of nine

months from the date of registration in Professional Education (Course – II) are exempted

from undergoing nine months study course period in Integrated Professional Competence

Course (IPCC).

10. However, students who switchover from CA Intermediate/ Professional Education (Course–II)

to Integrated Professional Competence Course (IPCC) should successfully complete 35 hours

Orientation Programme and also 100 hours Information Technology Training, if required,

before the commencement of relevant Integrated Professional Competence Examination

(IPCE).

Director, Board of Studies

PAPER-WISE EXEMPTION TO THE CANDIDATES APPEARING IN INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION /

ACCOUNTING TECHNINCIAN EXAMINATION FOR THE UN-EXPIRED CHANCE (S) ON THE BASIS OF HAVING SECURED A

MINIMUM OF 60 PERCENT MARKS IN A PAPER IN THE EARLIER EXAMINATIONS

Papers of the Professional Education

(Examination – II) passed under Regulation

28B (5) of the Chartered Accountants

Regulations, 1988

Paper-wise exemption in Integrated Professional Competence

Examination (IPCE)/Accounting Technician Examination (ATE)

under Regulation 28D of

the Chartered Accountants Regulations, 1988

Group I

Paper 1 : Accounting Group I Paper 1 : Accounting and

Group II Paper 5 : Advanced Accounting

Paper 2 : Auditing Group II Paper 6 : Auditing and Assurance

Paper 3 : Business and Corporate Laws 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

Paper 5 : Income Tax and Central Sales Tax Group I Paper 4 : Taxation

Paper 6 : Information Technology Group II Paper 7 : Information Technology and Strategic Management

ACCOUNTING TECHNICIAN COURSE (ATC)

GROUP PASSED IN INTERMEDIATE UNDER

PARAGRAPH 2A OF SCHEDULE ‘B’ OR

PROFESSIONAL EDUCATION (EXAMINATION– II )

EXEMPTIONS ENTITLED FOR IN

ACCOUNTING TECHNICIAN

EXAMINATION

DETAILS OF PAPERS IN WHICH CANDIDATES ARE

REQUIRED TO APPEAR AND PASS IN ONE

SITTING AS A UNIT IN AT E

Group I

(Group I passed and opts ATE)

1. Accounting/ Advanced Accounting

2. Auditing

3. Corporate and Other Laws/ Business and

Corporate Laws

Group I Paper 1 : Accounting

Group I Paper 2 : Business Law, Communication

and Ethics

UNIT – 1

ATE

Group I Paper 3 : Cost Accounting and Financial

Management

Group I Paper 4 : Taxation

Group II

(Group II passed and opts ATE)

4. Cost Accounting/Cost Accounting and

Financial Management

5. Income Tax and Central Sales Tax

6. Organisation & Management and

Fundamentals of Electronic Data

Processing/Information Technology

Group I Paper 3 : Cost Accounting and Financial

Management

Group I Paper 4 : Taxation

UNIT – 2

ATE

Group I Paper 1 : Accounting

Group I Paper 2 : Business Laws, Ethics and

Communication

INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)

(OPTING FOR IPCC AFTER PASSING ATE)

GROUP PASSED IN INTERMEDIATE UNDER

PARAGRAPH 2A OF SCHEDULE

‘B’ OR PROFESSIONAL EDUCATION

(EXAMINATION– II )

EXEMPTIONS ENTITLED FOR

IN INTEGRATED PROFESSIONAL

COMPETENCE EXAMINATION

GROUP II

DETAILS OF PAPERS IN WHICH

CANDIDATES ARE RE QUIRED TO

APPEAR AND PASS IN ONE SITTING AS

A UNIT IN (IPCE)

Group I

(Group I & ATE passed and opts Group II in

IPCE)

1. Accounting/ Advanced Accounting

2. Auditing

3. Corporate and Other Laws / Business

and Corporate Laws

AND

CANDIDATE AFTER PASSING ATC :

Group I Paper 3 : Cost Accounting and

Financial Management

Group I Paper 4 : Taxation

Group I Paper 1 : Accounting

and

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance

Group I Paper 2 : Business Law,

Communication and Ethics

Group I Paper 3 : Cost Accounting and

Financial Management

Group I Paper 4 : Taxation

UNIT – 3

Group II Paper 7 : Information Technology

and Strategic Management

INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)

GROUP PASSED IN INTERMEDIATE UNDER

PARAGRAPH 2A OF SCHEDULE

‘B’ OR PROFESSIONAL

EDUCATION (EXAMINATION– II )

EXEMPTIONS ENTITLED FOR

IN INTEGRATED PROFESSIONAL

COMPETENCE EXAMINATION

DETAILS OF PAPERS IN WHICH

CANDIDATES ARE RE QUIRED TO

APPEAR AND PASS IN ONE SITTING AS

A UNIT IN IPCE

Group I

(Group I passed and opts Group I in IPCE)

Group I

1. Accounting/ Advanced Accounting

2. Auditing

3. Corporate and Other Laws/ Business and

Corporate Laws

Group I Paper 1 : Accounting

and

Group I Paper 2 : Business Law,

Communication and Ethics

UNIT – 4

Group I Paper 3 : Cost Accounting and

Financial Management

Group I Paper 4 : Taxation

Group II

(Group II passed and opts Group II in IPCE)

4. Cost Accounting/Cost Accounting and

Financial Management

5. Income Tax and Central Sales Tax

6. Organisation & Management and

Fundamentals of Electronic Data

Processing/Information Technology

Group II Paper 7 : Information Technology

and Strategic Management

UNIT – 5

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance

INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)

GROUP PASSED IN INTERMEDIATE UNDER

PARAGRAPH 2A OF SCHEDULE

‘B’ OR PROFESSIONAL

EDUCATION (EXAMINATION– II )

EXEMPTIONS ENTITLED FOR

IN INTEGRATED PROFESSIONAL

COMPETENCE EXAMINATION

DETAILS OF PAPERS IN WHICH

CANDIDATES ARE RE QUIRED TO

APPEAR AND PASS IN ONE SITTING AS

A UNIT IN IPCE

Group I

(Group I passed and opts Group II in IPCE)

1. Accounting/ Advanced Accounting

2. Auditing

3. Corporate and Other Laws/ Business and

Corporate Laws

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance

UNIT – 6

Group II Paper 7 : Information Technology

and Strategic Management

Group II

(Group II passed and opts Group I in IPCE)

4. Cost Accounting/Cost Accounting and

Financial Management

5. Income Tax and Central Sales Tax

6. Organisation & Management and

Fundamentals of Electronic Data

Processing/Information Technology

Group I Paper 3 : Cost Accounting and

Financial Management

Group I Paper 4 : Taxation

UNIT – 7

Group I Paper 1 : Accounting

Group I Paper 2 : Business Laws, Ethics and

Communication

INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)

GROUP PASSED IN INTERMEDIATE UNDER

PARAGRAPH 2A OF SCHEDULE

‘B’ OR PROFESSIONAL

EDUCATION (EXAMINATION– II )

EXEMPTIONS ENTITLED FOR

IN INTEGRATED PROFESSIONAL

COMPETENCE EXAMINATION

DETAILS OF PAPERS IN WHICH

CANDIDATES ARE RE QUIRED TO

APPEAR AND PASS IN ONE SITTING AS

A UNIT IN IPCE

Group I

(Group I passed and opts for both Groups in IPCE)

1. Accounting/ Advanced Accounting

2. Auditing

3. Corporate and Other Laws/ Business and

Corporate Laws

Group I Paper 1 : Accounting

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance

Group I Paper 2 : Business Law, Communication

and Ethics

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

Group II

(Group II passed and opts for Both Groups in IPCE)

4. Cost Accounting/Cost Accounting and

Financial Management

5. Income Tax and Central Sales Tax

6. Organisation & Management and

Fundamentals of Electronic Data

Processing/Information Technology

Group I Paper 3 : Cost Accounting and Financial

Management

Group I Paper 4 : Taxation

Group II Paper 7 : Information Technology and

Strategic Management

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



https://www.icai.org/resource_file/19968announ290710.pdf