Discontinuation of Professional Competence Examination (PCE) reg. - (14-01-2013)

Important Announcement
BoS/Announcement/227/13 January 7, 2013
Sub: Discontinuation of Professional Competence Examination (PCE) reg.
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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:
Particulars of fee Fee
(Rs.)
Fee
($)
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
Intermediate (IPC) Course has to
appear
Student to pass Group II of
Intermediate (IPC) Course has to
appear
Student to pass Both Groups of
Intermediate (IPC) Course has to
appear
UNIT – 4
Group I Paper 3 : Cost Accounting
and Financial
Management
Group I Paper 4 : Taxation
UNIT – 6
Group II Paper 7 : Information
Technology and
Strategic
Management
UNIT – 8
Group I Paper 3 : Cost Accounting
and Financial
Management
Group I Paper 4 : Taxation
Group II Paper 7 : Information
Technology and
Strategic
Management
STUDENTS WHO HAVE PASSED GROUP-II OF PROFESSIONAL COMPETENCE EXAMINATION
Student to pass Group II of
Intermediate (IPC) Course has
to appear
Student to pass Group I of
Intermediate (IPC) Course has to
appear
Student to pass Both Groups of
Intermediate (IPC) Course has to
appear
UNIT – 5
Group II Paper 5 : Advanced
Accounting
Group II Paper 6 : Auditing and
Assurance
UNIT – 7
Group I Paper 1 : Accounting
Group I Paper 2 : Business Laws,
Ethics and
Communication
UNIT – 9
Group I Paper 1 : Accounting
Group I Paper 2 : Business Laws,
Ethics and
Communication
Group II Paper 5 : Advanced
Accounting
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 paper/s granted in the
Professional Competence Examination under
syllabus as specified in Regulation 28C (3) of the
Chartered Accountants Regulations, 1988
Award of exemption/s in corresponding paper/s in
the Intermediate (IPC) Examination/Accounting
Technician Examination (ATE) under syllabus as
specified in 28E(3) of the Chartered Accountants
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 3 : Law, Ethics and Communication Group I - Paper 2 : Business Laws, Ethics and
Communication
Group II - Paper 4 : Cost Accounting and Financial
Management
Group I - Paper 3 : Cost Accounting and Financial
Management
Group II - Paper 5 : Taxation Group I - Paper 4 : Taxation
Group II - Paper 6 : Information Technology and
Strategic Management
Group II - Paper 7 : Information Technology and
Strategic Management
Director
Board of Studies