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ICAI to reduce CA course duration

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The council of the (ICAI) has decided to reduce the to three-and-a- half years from the current five years and three months course. It has also decided to revamp the course structure.
At a press conference today, T N Manoharan, vice-president, ICAI, said that the proposed new system is expected to attract a large number of students who, on passing class XII, can take up the common proficiency test (CPT) and straight away undergo three-and-a- half years of practical training.
The council of the institute had constituted high powered committee on review of education and training, which has decided to revamp chartered accountancy course as the duration of the course takes over five years and practical training starts only after passing the professional exam (PE) 1 and 2.
"In this light, the new curriculum is designed so as to crunch the time to three-and-a-half years," Manoharan said . On passing class X, students can enroll for CPT. They can, however, appear for the test only on completion of class XII.
After qualifying for CPT, a student will have to undergo three-and-a-half years of practical training, which is different from the present system. In the present system, a student can take up practical training only after passing PE 1 and 2 which take 10 months each.
Instead of the earlier format of PE 1 and 2, under the proposed system, students will have to qualify for professional competence examination after 18 months of practical training and final examination during the last six months of practical training.


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