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Wednesday, 13 June 2018

ICAI launches Assessment of CA Students after completion of 1st and 2nd year of practical training

Assessment of CA Students after completion of 1st and 2nd year of practical training 

The Council has decided to assess students after completion of the first and second year of practical training with online MCQ based tests. 



These tests would examine the knowledge gained by the student during the course of practical training and his ability to apply his subject-specific skills while undergoing his training in that particular area. 

The brief details about these tests are as below: 

1. The test would be of 
  • 75 marks (Duration: 2 hours) for 1st-year students 
  • 100 marks (Duration: 3 hours) for 2nd-year students. 
2. The students completing their 1st/ 2nd year of practical training in a particular quarter of a year would be eligible to register for the said test in the subsequent quarter. 

e.g. If you complete your 1st year of training in June 2018, you will be eligible to appear in the exam which will be conducted in August 2018

3. Students will be assigned grades based on their performance in the assessments as below: 
  • 80% and above – A grade 
  • 60% and above but below 80% – B grade 
  • 40% and above but below 60% – C grade 
  • Below 40% – D grade  
4. The grades would appear on the final mark sheet of the student. A student can appear in the particular test at a maximum of two more times to improve his/ her grade by paying a nominal fee. The best grade out of all the grades scored would be taken for inclusion in the mark sheet. 

5. In the test, Syllabus will be as follows:

Compulsory Module - Accounting and Auditing (including Corporate Laws) of 50 marks 
Optional module - 

1st Year Students: 1 Module
2nd Year Students: 2 Modules

The optional modules (each comprising 25 marks) would be: 

1. Direct Tax Direct Tax including International Taxation 
2. Indirect Tax Indirect Tax 
3. Internal Audit Internal Audit 

The first test for both the category of students will be on August 26, 2018. The students who would be completing their 1st/ 2nd year of practical training during the second quarter of 2018, i.e. April-June, 2018 would be eligible to appear in these assessments during August-December, 2018.

Similarly, the students completing their 1st/ 2nd year during July-September, 2018 would be required to appear in October-December, 2018 quarter and so on. 

Concerned students are advised to practice the sample questions uploaded in BoS Knowledge Portal on the Institute website at the link: https://www.icai.org/new_post.html?post_id=14836

Further details would be hosted through announcement on the Institute website only. For further clarifications, if any, you may write to PTassessment@icai.in. 

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