Requirements for becoming a chartered accountant

New Scheme at a Glance
Requirements for becoming a chartered accountant
Under the new scheme, the requirements for becoming chartered accountant are as follows:
(i) Enrol with the Institute for Common Proficiency Test after passing Class 10 examination
conducted by an examining body constituted by law in India or an examination recognized
by the Central Government as equivalent thereto.
(ii) Appear CPT examination after appearing in the Senior Secondary Examination (10+2
examination) conducted by an examining body constituted by law in India or an
examination recognised by the Central Government as equivalent thereto and after
completion of specified period (i.e. 60 days) from the date of registration for CPT prior to
the first day of the month in which examination to be held with the Board of Studies.
(iii) Join PCC, articled training and register for 100 hours ITT after passing CPT and 10+2
examination.
(iv) Undergo 100 hours ITT on completion of three months of articled training (100 hours ITT
is a 20 days programme @ five hours per day; the training will be treated as part of the
practical training).
(v) Appear in Professional Competence Examination (PCE) If
ƒn ƒn „Xƒn worked for not less than fifteen months as an articled assistant or equivalent
period as an audit assistant or partly as an articled assistant and partly as an
audit assistant, three months prior to the first day of the month in which
examination is held; and
ƒn ƒn „Xƒn completed 100 hours ITT.
Eight months of audit training is treated as equivalent to six months of articled training.
Any fractional period of audit training less than eight months is not counted for this
purpose.
(vi) Join CA Final course:
ƒn ƒn „Yƒn After passing PCE register for Final course with the Board of Studies;
ƒn ƒn „Yƒn Collect Study Materials of the Final Course and prepare for Final Examination;
ƒn ƒn „Yƒn May undergo General Management and Communication Skills Course while
undergoing Final course; and
ƒn ƒn „Yƒn Complete articled training of 3½ years.
(vii) Appear in final examination on completion of the practical training on or before the last
day of the month preceding the month in which the examination is held.
(viii) Pass Final examination and complete GMCS;
(ix) Enrol for membership.
Pass Class 10 examination
Register with the Board of
Studies for Common
Proficiency Test
Simultaneously study and appear in
Senior Secondary Examination
(10+2 Examination)
Appear and Qualify Common Proficiency Test
Register for
Information
Technology
Training
Register for Practical
Training as article/audit
Assistant
Appear and Qualify
Final Examination
Undergo Course on
General Management and
Communications Skills
Is the specified
period after
registration over?*
No
Qualified to become a
Member
Yes
Is 15 months of
Practical Training over
3 months prior to
examinations?
No Yes
Appear and Qualify Professional Competence
Examination
Is 31/2 Years
Practical Training
over?
Yes
New Scheme of Education and Training – At a
Glance
Is Information
Technology
Training Over?
Join Professional
Competence
Course
Join Final
Course
Yes
No
Is Course on
General
Management and
Communications
Skills Over?
Yes
No