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Chartered Accountancy: Routes to enter into CA course

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Chartered Accountant is a professional who received certification from a statutory body that he/she is able to take care of the matters related to accounting and taxation of a business, like income tax filing, auditing financial statements, preparing and reviewing financial reports and documents, and maintaining records of investments.

The Institute of Chartered Accountants of India has designed three stages of training to become a certified Chartered Accountant (ICAI). The Institute of Chartered Accountants of India (ICAI) is a statutory body that governs and maintains the practice of chartered accountancy in India. An applicant may follow a Chartered Accountancy Course via the Foundation Course Route or direct entry Route.

Students after class 12 can enter into the foundation course after Class, while Direct Entry is for those who have completed Graduation.

On March 15, 2021, also The University Grants Commission announced that CA Qualification will be treated equivalent to PG Degree.

Process to become a certified Chartered Accountant

Steps under Foundation Route entry

  • Register with the Board of Studies (BoS) after appearing in or clearing the Class XII examination.
  • Complete four months study period (bi-annual registration: till 30th June / 31st Dec.)
  • Appear for Foundation examination held in November/May.
  • Qualify Foundation Course
  • Register with the BoS for the Intermediate Course
  • Complete 8 months of study course
  • Appear and Pass in either or both Groups of Intermediate Course
  • Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) any time after registering for Intermediate Course but before the commencement of the Practical Training
  • Register for Three Years Practical Training on passing either or both the Groups of Intermediate Course
  • Register for the Final Course after qualifying both the Groups of Intermediate Course
  • Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination
  • Appear in Final examination during last six months of practical training
  • Complete Practical Training
  • Qualify both groups of Final Course
  • Become a member

Steps Under Direct Route Entry

  • Graduates can pursue a Chartered Accountancy course through Direct Route entry.
  • In this entry route, the Graduates/Post Graduates from Commerce stream with at least 55% aggregate or equivalent score can apply. However, they must have studied Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar to the title of these papers with different nomenclatures.
  • Graduates/Post Graduates from non-commerce must have secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University).
  • Direct Route entry is also open to candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India. Such candidates are exempted from qualifying Foundation and can register directly to Intermediate Course.
  • Candidates in their final year of Graduation can also register for the Intermediate Course on a provisional basis. Registration of such candidates would be regularized only on submission of final year mark-sheet or passing certificate within six months from the date of appearance in the final year graduation examination and on successful completion of ICITSS (Orientation Course and Information Technology). During the provisional registration period, a candidate can undergo and complete ICITSS (Orientation Course and Information Technology).

Steps under Direct Entry Scheme for Eligible Graduates and Post Graduates:

  • Register with the BOS for the Intermediate course
  • Successfully complete Four Weeks ICITSS before the commencement of the Practical Training
  • Register for Three Years Practical Training
  • Appear in Intermediate examination after nine months of Practical Training
  • Qualify Intermediate Course
  • Register for the Final Course after qualifying both Groups of Intermediate Course
  • Successfully complete Four Weeks of AICITSS during the last two years of Practical Training but before appearing for the Final examination
  • Appear in Final examination during last six months of practical training
  • Complete practical training
  • Qualify both groups of Final Course
  • Become a member

CA Eligibility criteria for Foundation Route:

  • The candidate must have passed Class XII and completed four months of the study period to be able to appear for the Foundation examination
  • The candidate needs to register with the Board of Studies for four months the study period

CA Eligibility criteria for Direct Entry Route:

For direct entry to Intermediate course, the candidate must be:

  • Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) from a recognized university (including Open University)
  • Intermediate level passed candidates of Institute of Company Secretaries of India (ICSI) and Institute of Cost Accountants of India (ICAI)