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Discontinuation of Professional Competence Examination (PCE) reg.
January, 15th 2013
                                 Important Announcement

BoS/Announcement/227/13                                               January 7, 2013

        Sub: Discontinuation of Professional Competence Examination (PCE) reg.
                                        ------------
       As notified in the `Implementation Schedule' on the Institute website, students
who are pursuing Professional Competence Course (PCC) are hereby informed that the
Professional Competence Examination (PCE) will be discontinued on culmination of
November, 2012 examination. PCC students who wish to continue their studies in
Chartered Accountancy Course, are required to switchover to Intermediate (Integrated
Professional Competence) Course immediately and students who are appearing for
November, 2012 Examination, may switchover to Intermediate (IPC) Course after
declaration of PCE result, by fulfilling the following procedure:

1. Conversion Fee to be paid alongwith the Conversion Form:
                                                                                 Fee     Fee
                             Particulars of fee                                 (Rs.)    ($)
Conversion Fee for Both Groups (including Study Material)                        500     30

ATC (Optional ) Fee                                                             1000      60

Above fee is to be paid by way of Demand Draft 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 alongwith the Conversion Form as available at www.icai.org > Students > Course
Registration Form > Conversion Form from PCC to Intermediate (IPC) Course .





Fee Payable for undergoing IT Training, if not completed earlier, to the concerned
Regional Office/ Branch where the Training is to be undergone:


IT Training Course Fee                                                           4000     250


Further details and procedure to be followed for converting from Professional
Competence Course (PCC) to Intermediate (IPC) Course:

   All students who have been registered for the Professional Competence Course under
Regulation 28C of the Chartered Accountants Regulations, 1988 are hereby informed that
Professional Competence Examination (PCE) will be discontinued with the culmination of
the November, 2012 examination. Students who wish to pursue the Chartered Accountancy
Course are required to switchover to Intermediate (IPC) Course immediately by submitting
the following to the respective Regional Offices from where practical training
registration was done earlier, for conversion to Intermediate (IPC) Course:

   1. Fill and submit the prescribed form alongwith Conversion Fee as specified above
      for shifting from Professional Competence Course (PCC) to Intermediate (IPC)
      Course. Form for switchover to Intermediate (IPC) Course can be downloaded from
      the following link: http://220.227.161.86/14650IPCC_Converson_Form.pdf or from
      www.icai.org > Students > Course Registration Form > Conversion Form from PCC
      to Intermediate (IPC) Course.
   2. Enclose a copy of certificate issued by the ICAI having undergone Compulsory
      Computer Training (CCT)/ Information Technology Training (ITT), if already
      completed, for ready reference.
   3. Enclose a copy of Articled/ Audit Training Registration/ Completion Certificate
      issued by the Institute.
 2. Eligibility Requirement to appear in Intermediate (IPC) Examination after
 conversion: Professional Competence Course (PCC) students would be eligible to appear in
 the Intermediate (IPC) Examination on fulfilling the following requirements:
 (a)      Undergo 100 hours Information Technology Training (ITT), if not completed earlier;
 (b)      Completion of nine months practical training (which include concurrent study
          course for a period of eight months) ­ students who are not fulfilling the above
          requirement (i.e. has served less than 9 months of articled training), shall be
          required to re-register for practical training and complete nine months so as to
          become eligible for appearing in the Intermediate (IPC) Examination;
          It is clarified that students who are converting from PCC to Intermediate (IPC)
          Course are required to undergo articled training for a period of three and half
          years (3½);
 (c)      Orientation Course is exempted for PCC students converting to Intermediate (IPC)
          Course.

 3. Validity of Exemption and Validity of One of Groups Passed in Professional
 Competence Examination (PCE):
 (a)      Students who have passed one of the groups under Professional Competence
          Examination (PCE)     will get paper wise exemption (NOT group wise exemption)
          in the Intermediate (IPC) Examination. Those students, who have passed one of the
          groups earlier, will have to register for both groups of Intermediate (IPC) Course
          and have to appear and pass under `Unit Scheme' of Intermediate (IPC)
          Examination. Details of `Units' are given hereunder.




                             UNIT SCHEME UNDER INTERMEDIATE (IPC) EXAMINATION

 DETAILS OF PAPERS IN WHICH CANDIDATES ARE RE QUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT
                           CANDIDATE IN INTERMEDIATE (IPC) EXAMINATION

  STUDENTS WHO HAVE PASSED GROUP-I OF PROFESSIONAL COMPETENCE EXAMINATION

   Student to pass Group I of            Student to pass Group II of       Student to pass Both Groups of
Intermediate (IPC) Course has to      Intermediate (IPC) Course has to    Intermediate (IPC) Course has to
            appear                                appear                                appear
                                                                                       UNIT ­ 8
                                                                         Group I Paper 3 : Cost Accounting
            UNIT ­ 4
                                                  UNIT ­ 6                                 and Financial
Group I Paper 3 : Cost Accounting
                                     Group II Paper 7 : Information                        Management
                 and Financial
                                                       Technology and    Group I Paper 4 : Taxation
                 Management
                                                       Strategic         Group II Paper 7 : Information
                                                       Management                          Technology and
Group I Paper 4 : Taxation
                                                                                           Strategic
                                                                                           Management
STUDENTS WHO HAVE PASSED GROUP-II OF PROFESSIONAL COMPETENCE EXAMINATION
   Student to pass Group II of         Student to pass Group I of        Student to pass Both Groups of
 Intermediate (IPC) Course has      Intermediate (IPC) Course has to    Intermediate (IPC) Course has to
           to appear                            appear                                appear
                                                                                     UNIT ­ 9
                                                                       Group I Paper 1 : Accounting
            UNIT ­ 5                           UNIT ­ 7
                                                                       Group I Paper 2 : Business Laws,
Group II Paper 5 : Advanced        Group I Paper 1 : Accounting
                                                                                         Ethics and
                   Accounting
                                                                                         Communication
                                   Group I Paper 2 : Business Laws,
                                                                       Group II Paper 5 : Advanced
Group II Paper 6 : Auditing and                      Ethics and
                                                                                          Accounting
                   Assurance                         Communication
                                                                       Group II Paper 6 : Auditing and
                                                                                          Assurance


(b)     Students who have got exemption in Professional Competence Examination by
        securing 60% and above marks under Regulation 37B (6) will get exemption in the
        corresponding paper/s for the unexpired period chances in the Intermediate (IPC)
        Examination, are given under.
   Paper-wise Exemption to the Candidates appearing in the Intermediate (IPC) Examination/
Accounting Technician Examination for the Un-expired chance(s) on the basis of having secured
 a minimum 60 percent marks in a paper(s) in the Professional Competence Examination (PCE)

                                                       Award of exemption/s in corresponding paper/s in
  Award of exemption/s in paper/s granted in the
                                                         the Intermediate (IPC) Examination/Accounting
   Professional Competence Examination under
                                                         Technician Examination (ATE) under syllabus as
 syllabus as specified in Regulation 28C (3) of the
                                                        specified in 28E(3) of the Chartered Accountants
     Chartered Accountants Regulations, 1988
                                                                         Regulations, 1988
Group I - Paper 1 : Advanced Accounting               Group I - Paper 1 : Accounting and
                                                      Group II - Paper 5 : Advanced Accounting
Group I - Paper 2 : Auditing and Assurance            Group II - Paper 6 : Auditing and Assurance
                                                      Group I - Paper 2 : Business Laws, Ethics and
Group I - Paper 3 : Law, Ethics and Communication
                                                                           Communication
Group II - Paper 4 : Cost Accounting and Financial    Group I - Paper 3 : Cost Accounting and Financial
                     Management                                            Management
Group II - Paper 5 : Taxation                         Group I - Paper 4 : Taxation
Group II - Paper 6 : Information Technology and       Group II - Paper 7 : Information Technology and
                     Strategic Management                                  Strategic Management



                                                                                             Director
                                                                                     Board of Studies
 
 
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