How to Gain Direct Admission to CA IPCC After CS Foundation
Students often inquire about the possibility of obtaining direct admission into the CA IPCC (Intermediate Professional Course) after passing the CS (Chartered Secretary) Foundation. However, the eligibility criteria and processes involve multiple steps. This article provides a comprehensive guide to help aspiring candidates navigate the path to direct admission into CA IPCC.
Eligibility Criteria for Direct Entry into CA IPCC
Direct entry into CA IPCC after CS Foundation is not possible unless you meet certain qualifications. Typically, you need to be a graduate and satisfy specific academic performance requirements. Here are the eligibility criteria:
Graduates and postgraduates in Commerce with an average of 55% or more. Graduates and postgraduates in any other stream with an average of 60% or more. Candidates who have passed both groups of ICMAI (Institute of Chartered Accountants of India) intermediate examinations. Candidates who have passed both groups of ICSI (Institute of Cost Accountants of India) intermediate examinations.Satisfying any of these qualifications exempts you from appearing for the CA Foundation. You can then directly proceed to the CA IPCC.
Qualifying Methods for CA Intermediate
There are three main ways to qualify for the Chartered Accountant Intermediate (CA IPCC) course:
By passing the CPT (Common Proficiency Test). By completing the CS Foundation course. By having a bachelor's degree in any field except fine arts, provided you meet the average score requirements mentioned above.Steps to Applying for Direct Entry
To apply for the direct entry route into CA IPCC, follow these steps:
Registration with ICAI: You must register with the Institute of Chartered Accountants of India (ICAI) as a student. After registration, you will receive a WRO (Work Roll) number, which is required for training purposes. Completing Training: For direct entry, you are required to complete a 9-month articleship in a Chartered Accountant (CA) firm. Before starting the articleship, you need to complete two compulsory trainings provided by ICAI: IIT (Induction in IT) Training**: This training is mandatory and consists of 100 hours of training. OC (Orientation Course) Training**: Also a mandatory 100-hour training. Upon completion of these training programs, you can begin your 9-month articleship. After completing the 9-month articleship, you become eligible to apply for the direct entry into the CA IPCC course.Conclusion and Good Luck
Following these steps and meeting the necessary criteria will allow you to apply for direct admission into the CA IPCC course after clearing the CS Foundation. Good luck with your applications and future Chartered Accountancy journey!