Chartered Accountant exams to be held three times a year beginning May

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The role of a Chartered Accountant (CA) encompasses a broad spectrum of financial activities, including financial account preparation, advisory services, auditing, and account analysis.

CAs also oversee tax payments and financial planning. The pursuit of a CA qualification promises lucrative salary packages, often in the range of lakhs. Notably, the frequency of Chartered Accountants’ exams is undergoing a shift from twice a year to three times a year.

The implementation of this new examination system, offering exams three times a year for the foundation and intermediate courses, is set to commence from May or June.

Consequently, aspiring CAs will have additional opportunities to sit for their examinations in September and January.

The pathway to becoming a CA begins after completing the 12th grade, with no specific stream requirement—students from arts, science, or commerce backgrounds are eligible to apply.

The CA entrance exam, known as the Foundation Exam, marks the starting point. Prospective candidates first enrol in the entry-level course CPT, followed by IPCC and finally the FC course. Upon completing these stages, individuals can apply for membership in the Institute of Chartered Accountants of India (ICAI).

Currently, the CA Foundation Exam is administered twice annually, typically in May and November. Registration with ICAI is a prerequisite for appearing in this exam, which comprises four papers—two subjective and two objective—amounting to a total of 400 marks.

To pass the Foundation Exam, candidates must achieve a minimum of 50%, or 200 out of 400 marks, and secure at least 40% in each subject.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow