PROFESSIONAL COMPETENCE EXAMINATION

    The Chartered Accountants Professional Competence Examination is held twice every year in the months of May and November. It comprises of two groups. Candidate can appear, at one sitting, for both groups / group - I / group - II as the case may be subject to fulfillment of eligibility condition. Each group comprises of three papers as detailed below

    GROUP - I

    Paper - 1
    Advanced Accounting

    Paper - 2
    Auditing and Assurance

    Paper - 3
    Law, Ethics and Communication

    GROUP - II

    Paper - 4
    Cost Accounting and Financial Management

    Paper - 5
    Taxation

    Paper - 6
    Information Technology and Strategic Management

    (For further details, reference may be made to the study material of the Institute and the Chartered Accountants Regulations, 1988).

    2.1 Eligibility
      No candidate shall be admitted to Professional Competence Examination unless:
    (a)   he has passed Common Proficiency test held under the Chartered Accountants Regulations, 1988 and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto; and
    (b)   he has worked for not less than fifteen months as an articled assistant or 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 e.g. on 1st February 2008 for the May 2008 Professional Competence Examination; and
    (c)   he has completed a course on Information Technology Training for such period and in such manner and within such time as may be specified by the Council from time to time;provided that, a candidate who has passed Foundation Examination/Professional education (Examintion-1) and successfully completed the Computer Training Programme or Information Technology training under these Regulations shall be admitted to the examination subject to compliance of clause (b) above.
      Provided further that a candidate who was exempted from passing the Professional Education (Examination-1) under proviso to sub-regulation(1) of regulation 25B and is registered as a candidate for the Professional Education (Course –II) shall be admitted, after discontinuance of the Professional Education (Examination-II) i.e. from May 2008 onwards, to the Professional Competence Examination, subject to his being otherwise eligible to appear in the Professional Education (Examination – II).
      The implications of above paragraphs are clarified below for general information of candidates to appear in Professional Competence Examination to be held in May, 2008; The eligibility requirements for appearing in Professional Competence Examination to be held in May, 2008 are as under( for eligibility criteria applicable from November, 2008 examination onwards, please refer to the instructions published with the application form for the respective examination): -
     

    Category 1: PE-II Students who have passed Foundation Examination

    or

    Category-2: PE-II Students who have passed PE-I Examination held in November, 2005 or in any earlier examination

    or

    Category-3: PE-II Students who have passed PE-I Examination held in May 2006 or thereafter

    or

    Category-4: All such students who have already appeared in PE-II Examination and passed one of the groups or could not pass any of the groups or were eligible to appear in the PE-II examination, as on 13th September, 2006.

    and

    All such students of category 1,2,3 & 4 above should also successfully complete 250 Hours Compulsory Computer training Programme/100 Hours Information Training Programme before appearing in the Professional Competence Examination.



    Further, consequent to introduction of the Professional Competence Course, and the last PE-II Examination being held in May, 2008, the students of PE-II scheme can apply for transition to the Professional Competence Course as per “Transition Scheme – Update” hosted in the students section of this website under ‘Board of Studies Announcements’.

    For full details, refer to the relevant provisions of the Chartered Accountant Regulations, 1988.
    2.2 APPLICATION AND FEE
    2.2.1.

    ANNOUNCEMENT REGARDING THE HOLDING OF EXAMINATION

    Announcement regarding holding of examination and issue of application form for admission to Chartered Accountants Examination is normally published in the second fortnight of the months of January and July in leading daily newspapers as well as in the Chartered Accountant Student newsletter of the Institute. The announcement is also displayed on the notice board of the Institute at New Delhi, Decentralised Offices and Branches of the Regional Councils of the Institute and in the Institute's WEBSITE under the head ANNOUNCEMENTS in students section.

    HOW TO GET AN EXAMINATION APPLICATION FORM

    Application forms are generally available during the first week of February/August every year. Applications can personally be obtained from the Institute's office at New Delhi, Decentralised Offices at Mumbai, Kolkata, Kanpur, Chennai, Ahemedabad, Bangalore, Pune, Hyderabad, and Jaipur and available in all Branches of the Institute. Special arrangements are also made at New Delhi, Mumbai and Kolkata to sell application forms from different places in the city, which will be notified before the commencement of the sale of application form. Candidates desirous of getting application form through post should send a request to the Senior Joint Secretary (Exams) ICAI, ICAI Bhawan, Post Box No: 7112 New Delhi 110 002 with the requisite fee of Rs.60/- per application form in the form of Demand Draft drawn in favour of the Secretary, The Institute of Chartered Accountants of India, payable at New Delhi along with a self addressed stamped envelope affixing postal stamps worth Rs.25/-. For more details please click on to GENERAL - NOTIFICATION.

    2.2.2

    FEE STRUCTURE

    THE FOLLOWING IS THE FEE STRUCTURE FOR PROFESSIONAL COMPETENCE EXAMINATION

    FEE FOR BOTH GROUPS
    Rs.1250/-

    FEE FOR ONE GROUP
    Rs.750/-

    FEE FOR CANDIDATES OPTING FOR ABU DHABI AND DUBAI (U.A.E.) CENTERS
    US $ 250

    LATE FEE
    Rs. 200/-

    2.2.3

    Mode of Payment of Fee:

    The Examination fee should be paid only by way of Demand Draft. The Demand Draft may be of any Scheduled Bank drawn in favour of the Secretary, the Institute of Chartered Accountants of India and should be payable at New Delhi. (Candidates are advised to furnish the following details on the reverse of Demand Draft in their own interest.)

    1. Name

    2. Application Bar Code Number

    3. PCE /Articles Regn. Number

    4. Center opted with zone, if any

    2.2.4

    How the application should reach the Institute?

    (A) By Post:

    The application, with Demand draft of any nationalized bank be sent by Speed Post/Registered Post only in the specified envelope attached to form to the Senior Joint Secretary (Exams) of the Institute at ICAI Bhawan, Indraprastha Marg, New Delhi-110 002. Candidates are advised to retain the receipt issued by Post Office till the receipt of Admit Card. Candidates are advised not to send the application through private courier. The receipt issued by private courier will not be given any credence if the application is not received in the Institute.

    (B) BY HAND:

    Special arrangements are made for receipt of applications at Ahmedabad, Bangalore, Hyderabad, Pune, Jaipur, Mumbai, Chennai, Kolkata, Kanpur and New Delhi.

    The Head Office and Decentralised Offices of the Institute stated below will accept applications till the prescribed last date and will issue acknowledgement. The students are advised to retain the acknowledgement so given. Candidates are advised to avail of this facility.


    DECENTRALISED OFFICES
    MUMBAI

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    "ANVESHAK"27,
    CUFFE PARADE,
    COLABA
    M U M B A I - 400 005

    KOLKATA

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    7, ANANDILAL PODDAR SARANI
    K O L K A T A - 700 007

    CHENNAI

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    122, MAHATMA GANDHI ROAD
    NUNGAMBAKKAM
    CHENNAI - 600 034

    KANPUR

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    16/77B, CIVIL LINES
    BEHIND-RESERVE BANK OF INDIA
    KANPUR - 208 001

    DELHI

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    52-54, VISHWAS NAGAR
    SHAHADRA
    DELHI - 110032

    AHMEDABAD

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    123, SARDAR PATEL COLONY
    NAVJIVAN
    PO NARANPURA
    AHMEDABAD - 380014

    BANGALORE

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    NO.16/0, MILLERS TANK BED AREA
    BANGALORE - 560 052

    HYDERABAD

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    11-5-389/C, RED HILLS
    HYDERABAD - 500 004

    PUNE

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    AMBER CHAMBERS,
    5TH FLOOR
    28/A, BUDHWAR PETH
    PUNE - 411 002

    JAIPUR

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    D-1, INSTITUTIONAL AREA
    JHALANA DOONGRI
    JAIPUR - 302 004


    H E A D O F F I C E

    THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
    ICAI BHAWAN
    INDRAPRASTHA MARG (NEAR - INCOME TAX OFFICE)
    POST BOX NO. 7112, NEW DELHI - 110 002

    2.2.5

    Application should be complete in all respects, or otherwise it is liable to be rejected.

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