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Shocking Video: CA IPCC Paper being corrected in local train | All About CA

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Shocking Video: CA IPCC Paper being corrected in local train | All About CA Shocking Video: CA IPCC Paper being corrected in local train

Check dis roll no. 310853 in IPCE Exam. Total 133 in 2 nd Group & She passed the group..... Hw is it possible..????
ICAI what the Hell is this.....................

Congrats Akshay Bhandari. You have your post on our website

http://www.allaboutca.com/2012/08/08/what-to-do-after-passing-ipcc/

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What to do after passing IPCC? | All About CA What to do after passing IPCC? All written here.

By Akshay Bhandari

What To Do After Passing IPCC Group-I ???

Many students’ gets confused what is the procedure and what exactly to decide after passing only group-1 of IPCC exam. The article training period of 3 years and choosing a right one is important. I have seen many students who join the firm by name and fame and Transfer to another principle within 1year, for not satisfaction from work or any other reason. Here I am sharing you my personal experience and some observation.

WHICH TYPE OF FIRMS TO CHOOSE:
Its big area where students make mistakes while choosing a good firm in fact a proper firm . I would strongly suggest rather than working with big firms, start training with middle level firms. Don’t be habitual of doing similar type of work. In big form its observed that students get good stipend but he put in particular section or department then he have to spend all 3 years in that area only. Learning new things and variety of work is very beneficial for our future. So always understand the firm properly and then join the firm. Don’t expect for good stipend (salary) in mid size firm, you will get minimum ` 2500-3000/- but the knowledge will you get from such firm experience is much more useful for future. Also study daily 2hours for IPCC Group-2 or if already pass then start studying Final studies. Its not easy to complete final studies in 6months as you done in IPCC level.


WHAT EXACTLY TO DO WORK IN ARTICLE:
Initial stage you get basic work e.g. preparation of Summary from bank statements, Books writing (passing an Entries in Tally or other Package), preparation of reconciliation statement.
After 2-3 months you will get good work in fact challenging work such as Tax Audit or VAT audit.
Avoid silly mistake while doing work to impress senior’s and sincere about work.


GENERAL INSTRUCTIONS REGARDING REGISTRATION OF ARTICLED ASSISTANTS

(A) FIRST REGISTRATION

1. Entry Qualification:
The candidate should have

(a) passed the Professional Education II Examination (PE-II) conducted by the Institute
and successfully completed computer training programme as may be prescribed from time to
time by the Council of the Institute; or

(b) passed the Common Proficiency Test (CPT) conducted by the Institute 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 or;

(c) passed Professional Education I Exam(PE - I)/erstwhile Foundation Exam conducted by the
Institute ;

2. Period of Articles :
The period of articles for the candidates eligible under (a)above is 3 years and for the candidates
covered under (b) & (c) above would be 3 ½ years.

3. Documents to be executed:
(a) Deed of Articles in Form 102
(b) Statement of particulars for registration in Form 103 in triplicate, one copy to be sent to the Institute,
one copy each to be retained by the chartered accountant and the articled assistant.

Deed of Articles in (Form ‘102’)
(i) The deed of articles should be executed on a Non-judicial stamp paper or 'Special
Adhesive Stamps' of the requisite value should be affixed.

(ii) The deed of articles should be executed for full period of three years/three and a half
years as the case may be. A deed showing a lesser period will not be registered.

(iii) The deed of articles should be executed in the printed Form in duplicate and signed both
by the articled assistant/guardian of the articled assistant and the chartered accountant
concerned.

(iv) The original deed of articles should be retained by the chartered accountant and duplicate
copy thereof should be given to the articled assistant.

(v) The deed of articles is not required to be sent to the office of the Institute for
registration.



Form of Particulars for Registration (Form 103)
(i) Statement of Particulars for registration (Form ‘103’) should be filled clearly, completely and
unambiguously

(ii) The form should be signed both by the articled assistant/guardian as the case may be, and the
chartered accountant concerned at the appropriate places.
Note: Before entering into articleship, the candidate must ensure that the Chartered Accountant under whom
he wishes to receive training as an articled assistant is eligible to train and he is having a vacancy to
accommodate him as an articled assistant.

4. Permission for other course:
Prior permission of the Council to pursue any course of study either through correspondence, Private
or Regular (be it a graduation or post graduation) should be obtained by submitting Form 112 duly filled in
and signed by the student, his employer and the Principal of the College at the time of joining the articles or
during the period of articles if intending to join or joined subsequently .
The articled assistant presently registered and undergoing graduation or any other course and who have not
obtained specific permission shall be required to obtain the specific permission from the ICAI by submitting
Form No. 112 within six months of issue of these guidelines, i.e. by 30th September, 2008 . However those
students who have already obtained the specific permission by submitting Form No. 112 need not obtain it again
and the permission granted shall continue to be valid.
Before recommending and forwarding application of the articled assistant, the principal must ensure that:

a) The working hours for the articled assistant shall be 35 hours in a week excluding the lunch break.

b) The office hours of the principal for providing articled training to the articled assistant shall not be
generally before 9.00 a.m. or after 7.00 p.m.

c) The normal working hours for the articled assistant shall not start after 11.00 a.m. or end before 5.00
p.m.

d) The working hours for the articled assistant should not exceed 35 hours in a week excluding the lunch
break and normally an articled assistant be required to work during the normal working hours fixed for
articled assistants.



e) In case of the exigencies of work with the principal, an articled assistant may be required to work
beyond his / her normal working hours. However under such circumstances, the aggregate number of
working hours shall not exceed 45 hours per week. The requirement to work beyond 35 hours in a
week should not be a practice but only in exceptional circumstances. Further, where the articled
assistant is required to work beyond normal working hours, and aggregate of such hours exceed 35
hours per week, he/she shall be entitled to compensatory leave calculated with reference to number of
completed working hours, over and above 35 hours per week.

f) The facility of allowing flexible office hours stands withdrawn.

g) During the working hours, the articled assistant is not permitted to attend college / other institutions for
pursuing any course including graduation. Accordingly, college timings of such course should not be
such ( after taking into account the time required to commute) which clashes with the normal working
hours of the article training.

h) The working hours do not clash with the graduation or any other course, if any pursued by the articled
assistant, each articled assistant registered on or after 1st April, 2008 shall now be required to
obtain specific permission from the ICAI for pursuing graduation or other course as permitted
under the Chartered Accountants Regulations by submitting Form No. 112, within one month from
the date of joining the College or course to the ICAI.

j) The Certificate in Form No. 112 indicating college timings etc. shall be counter-signed by the
concerned principal of the college with the seal and stamp of the college and also indicating the
telephone number/s and full address of the college.

k) Leave in connection with the permitted course for the days of the relevant examination may ordinarily
be granted by the principal. Any other leave for such course may be granted at the discretion of the
principal

Note: In case a student does not comply with the above requirements or violates any of the above guidelines, his /her article ship period shall not be recognised .

DIRECT ENTRY TO C.A. INTERPRETATION
DIRECT ENTRY SCHEME

This scheme is operational from 1st August, 2012 and further forms and procedures will be published around 16th August, 2012. Direct entry routes can be categorized as follows.

1. Commerce Graduate

Any graduate or post graduate in commerce with a minimum of 55% in aggregate of total marks in any examination conducted by recognized university (Including Open University).

2. Non Commerce Graduate

A minimum of 60% is required in case of graduates of other fields.

3. Professionals

Any student of ICSI (Institute of Company Secretaries of India) and ICAI (Institute of Cost Accountants of India) who has cleared their respective intermediate examinations are also eligible under direct route.

Mandatory Practical training under direct scheme

1. Practical training made mandatory for those students who are enrolled under direct entry scheme for duration of 9 months.

2. However this duration is not over and above the existing 3 years after passing group I of IPCC. In other words, student will have to undergo a total of 3 years of practical training.

3. Those are through CPT route will first have to clear Group I and then start and those under direct route can undergo practical training just after registration to IIPCC

GENERAL AMENDMENTS

New nomenclature for CA course

1. In place of “Common Proficiency Test”, “Common Proficiency Course” will be used.

2. In place of “Integrated Professional Competence Course”, “Intermediate (Integrated Professional Competence) Course” is substituted.

Passing Criteria for CPT

A minimum of 30% in each section and an aggregate of 50% in all sections.

Admission to Articleship

Before engaging into practical training, student must complete Orientation Course besides the existing requirement of Information Technology Training.

Additional requirements for getting eligibility to appear in final examinations

1. Certificate of undergoing a study course.
2. Completion of a new advanced course on Information Technology Training.

MEMBER SECTION

Eligibility to train articles

A member in full time employment with a firm of chartered accountants will be entitled to train 1 articled assistant if he has been in continuous employment for 3 years. Earlier it was only 1 year.

In addition to existing three exceptions, some more are added:

1. In the case of certain MCS, the fees may be based on percentage of findings, or results of such work.

2. In the case of certain fund raising services, the fees may be based on a percentage of the fund raised.

3. In the case of debt recovery services, the fees may be based on a percentage of the debt recovered.

4. In the case of services related to cost optimisation, the fees may be based on a percentage of the benefit derived.

Something Important left – Stipend Rates Unchanged.

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CPT Examination to be held on 16th Dec, 2012

http://www.allaboutca.com/2012/07/05/cpt-examination-december-2012/

http://www.allaboutca.com/2012/07/03/ca-final-results-unofficial/

CA FINAL RESULTS MAY 2012 | All About CA MAY 2012 CA FINAL RESULTS are expected to be announced on 18th July 2012

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http://www.allaboutca.com/2012/06/12/important-announcement-cpt-june-2012-examination-11-06-2012/

Examination Centre of 200 candidates bearing Roll No. from 218290 to 218489 for CPT to be held on 17 Examination Centre of 200 candidates bearing Roll No. from 218290 to 218489 for CPT to be held on 17th June, 2012 has been changed.