Conversion of PEII in to IPCC

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Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2010 Sir,
What are the procedure for coversion of PEII in to IPCC and last date of registration , its fee

Ankur Garg

Ankur Garg (Expert)
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11 August 2010 ARTICLE FROM RAHUL BANSAL

CONVERSION FROM PE2 TO IPCC

Kindly go through the below mentioned procedure for conversion to IPCC

In order to convert from PE2 to IPCC (Integrated Professional Competence Course) you are required to submit:

1. Application form for Conversion from PE2 to IPCC (available along with the prospectus) duly complete.

2. A DD worth Rs. 8000/- (if Information Technology Training is not done) else Rs. 6000/- in favor of “The Secretary, ICAI”, payable at whichever regional office you are submitting your application along with an attested copy of the ITT Certificate.

3. A copy of the registration letter of PE2.

Note For All Students converting to IPCC

• Orientation Programme (35 hours) is mandatory for all students converting to IPCC(Course fee: Rs 3000)

• Students would be eligible to appear for the closest attempt after conversion (provided nine months duration has been completed in the old course)

• Students will get paper wise exemption and the benefit of articleship conducted under PE2 / PCC

• Students will be eligible to appear for final exams in the last six months of their articleship.

• ITT (100hrs) is to be completed if not done earlier.(Course Fee: Rs 4000)

• Students should convert before filling examination forms (Exam forms for Nov 2010 attempt shall be available in the first week of August) .

You may convert to IPCC after the declaration of results if you wish to. For more info get in touch with Rahul Bansal

BY:
RAHUL BANSAL

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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11 August 2010 Detailed procedure to be followed for converting from erstwhile CA Int ermediate/ Professional
Education (Course – II) to Integrated Professional Competence Course (IPCC)
All students who have been registered for the Intermediate/ Professional Education (Course -II) under
Regulation 28A of the Chartered Accountants Regulation s, 1988 are hereby informed that last
Professional Education (Examination – II) has been discontinued with the culmination of the May, 2010
examination. Students who wish to pursue the chartered accountancy course are required to
switchover to Integrated P rofessional Competence Course (IPCC) by submitting the following to the
respective Regional Offices from where previous registration was done, for conversion to IPCC :
1. Fill and submit the prescribed form for shifting from Intermediate/ Professional Edu cation
(Course – II) to Integrated Professional Competence Course (IPCC). Form for switchover
supplied alongwith IPCC Prospectus or can be downloaded from the following link:
http://www.icai.org/resource_file/14650IPCC_Converson_Form.pdf or from www.icai.org
>Students > Course Registration Form > Professional Education [PE -II] – IPCC Conversion Form.
2. Enclose a copy of the Intermediate/ Professio nal Education (Course -II) registration letter
received from the concerned Regional Office, for ready reference.
3. Enclose a copy of having undergone Compulsory Computer Training (CCT)/ Information
Technology Training (ITT) certificate, if completed, for r eady reference.
4. Enclose a copy of commencement of Articled/ Audit Training certificate/ completion of
Articled/ Audit Training certificate received from the Institute, if applicable.
5. Students who have passed one of the groups under CA Intermediate ( under para 2A of Schedule
‘B’)/ Professional Education (Examination – II) will get paper wise exemption (NOT group
wise exemption) in the Integrated Professional Education Examination (IPCE). Those students
who have passed one of the groups earlier, as a bove, will have to register for both groups of
IPCC and have to appear and pass under ‘Unit Scheme’ of IPCE. Details of ‘Units’ are given
hereunder.
Students who have got exemption by securing 60% and above marks will get exemption in the
corresponding paper/s for the unexpired period in IPCE. Full details are also available in IPCC
Prospectus and in IPCC Examination application form.
All such students to provide a copy of marks statement received from the Examination division
as proof of having passed one of the groups in CA Intermediate (under para 2A of Schedule
‘B’)/ Professional Education (Examination – II).
6. Attested copy of marks statement of qualifications obtained between registration to CA
Intermediate/ Professional Education (Examination -II) and switchover to Integrated
Professional Competence Course (IPCC), if any.
7. All students registered for the Professional Education (Course -II) under Regulation 28A of the
Chartered Accountants Regulations, 1988 either through graduation route or
Entrance/Foundation/ Professional Education (Examination – I) route should switch over to
IPCC.
PAPER-WISE EXEMPTION TO THE CANDIDATES APPEARING IN INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION /
ACCOUNTING TECHNINCIAN EXAMINATION FOR THE UN-EXPIRED CHANCE (S) ON THE BASIS OF HAVING SECURED A
MINIMUM OF 60 PERCENT MARKS IN A PAPER IN THE EARLIER EXAMINATIONS
Papers of the Professional Education
(Examination – II) passed under Regulation
28B (5) of the Chartered Accountants
Regulations, 1988
Paper-wise exemption in Integrated Professional Competence
Examination (IPCE)/Accounting Technician Examination (ATE)
under Regulation 28D of
the Chartered Accountants Regulations, 1988
Group I
Paper 1 : Accounting Group I Paper 1 : Accounting and
Group II Paper 5 : Advanced Accounting
Paper 2 : Auditing Group II Paper 6 : Auditing and Assurance
Paper 3 : Business and Corporate Laws 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
Paper 5 : Income Tax and Central Sales Tax Group I Paper 4 : Taxation
Paper 6 : Information Technology Group II Paper 7 : Information Technology and Strategic Management
ACCOUNTING TECHNICIAN COURSE (ATC)
GROUP PASSED IN INTERMEDIATE UNDER
PARAGRAPH 2A OF SCHEDULE ‘B’ OR
PROFESSIONAL EDUCATION (EXAMINATION– II )
EXEMPTIONS ENTITLED FOR IN
ACCOUNTING TECHNICIAN
EXAMINATION
DETAILS OF PAPERS IN WHICH CANDIDATES ARE
REQUIRED TO APPEAR AND PASS IN ONE
SITTING AS A UNIT IN AT E
Group I
(Group I passed and opts ATE)
1. Accounting/ Advanced Accounting
2. Auditing
3. Corporate and Other Laws/ Business and
Corporate Laws
Group I Paper 1 : Accounting
Group I Paper 2 : Business Law, Communication
and Ethics
UNIT – 1
ATE
Group I Paper 3 : Cost Accounting and Financial
Management
Group I Paper 4 : Taxation
Group II
(Group II passed and opts ATE)
4. Cost Accounting/Cost Accounting and
Financial Management
5. Income Tax and Central Sales Tax
6. Organisation & Management and
Fundamentals of Electronic Data
Processing/Information Technology
Group I Paper 3 : Cost Accounting and Financial
Management
Group I Paper 4 : Taxation
UNIT – 2
ATE
Group I Paper 1 : Accounting
Group I Paper 2 : Business Laws, Ethics and
Communication
INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
(OPTING FOR IPCC AFTER PASSING ATE)
GROUP PASSED IN INTERMEDIATE UNDER
PARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONAL EDUCATION
(EXAMINATION– II )
EXEMPTIONS ENTITLED FOR
IN INTEGRATED PROFESSIONAL
COMPETENCE EXAMINATION
GROUP II
DETAILS OF PAPERS IN WHICH
CANDIDATES ARE RE QUIRED TO
APPEAR AND PASS IN ONE SITTING AS
A UNIT IN (IPCE)
Group I
(Group I & ATE passed and opts Group II in
IPCE)
1. Accounting/ Advanced Accounting
2. Auditing
3. Corporate and Other Laws / Business
and Corporate Laws
AND
CANDIDATE AFTER PASSING ATC :
Group I Paper 3 : Cost Accounting and
Financial Management
Group I Paper 4 : Taxation
Group I Paper 1 : Accounting
and
Group II Paper 5 : Advanced Accounting
Group II Paper 6 : Auditing and Assurance
Group I Paper 2 : Business Law,
Communication and Ethics
Group I Paper 3 : Cost Accounting and
Financial Management
Group I Paper 4 : Taxation
UNIT – 3
Group II Paper 7 : Information Technology
and Strategic Management
INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
GROUP PASSED IN INTERMEDIATE UNDER
PARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONAL
EDUCATION (EXAMINATION– II )
EXEMPTIONS ENTITLED FOR
IN INTEGRATED PROFESSIONAL
COMPETENCE EXAMINATION
DETAILS OF PAPERS IN WHICH
CANDIDATES ARE RE QUIRED TO
APPEAR AND PASS IN ONE SITTING AS
A UNIT IN IPCE
Group I
(Group I passed and opts Group I in IPCE)
Group I
1. Accounting/ Advanced Accounting
2. Auditing
3. Corporate and Other Laws/ Business and
Corporate Laws
Group I Paper 1 : Accounting
and
Group I Paper 2 : Business Law,
Communication and Ethics
UNIT – 4
Group I Paper 3 : Cost Accounting and
Financial Management
Group I Paper 4 : Taxation
Group II
(Group II passed and opts Group II in IPCE)
4. Cost Accounting/Cost Accounting and
Financial Management
5. Income Tax and Central Sales Tax
6. Organisation & Management and
Fundamentals of Electronic Data
Processing/Information Technology
Group II Paper 7 : Information Technology
and Strategic Management
UNIT – 5
Group II Paper 5 : Advanced Accounting
Group II Paper 6 : Auditing and Assurance
INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
GROUP PASSED IN INTERMEDIATE UNDER
PARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONAL
EDUCATION (EXAMINATION– II )
EXEMPTIONS ENTITLED FOR
IN INTEGRATED PROFESSIONAL
COMPETENCE EXAMINATION
DETAILS OF PAPERS IN WHICH
CANDIDATES ARE RE QUIRED TO
APPEAR AND PASS IN ONE SITTING AS
A UNIT IN IPCE
Group I
(Group I passed and opts Group II in IPCE)
1. Accounting/ Advanced Accounting
2. Auditing
3. Corporate and Other Laws/ Business and
Corporate Laws
Group II Paper 5 : Advanced Accounting
Group II Paper 6 : Auditing and Assurance
UNIT – 6
Group II Paper 7 : Information Technology
and Strategic Management
Group II
(Group II passed and opts Group I in IPCE)
4. Cost Accounting/Cost Accounting and
Financial Management
5. Income Tax and Central Sales Tax
6. Organisation & Management and
Fundamentals of Electronic Data
Processing/Information Technology
Group I Paper 3 : Cost Accounting and
Financial Management
Group I Paper 4 : Taxation
UNIT – 7
Group I Paper 1 : Accounting
Group I Paper 2 : Business Laws, Ethics and
Communication
INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
GROUP PASSED IN INTERMEDIATE UNDER
PARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONAL
EDUCATION (EXAMINATION– II )
EXEMPTIONS ENTITLED FOR
IN INTEGRATED PROFESSIONAL
COMPETENCE EXAMINATION
DETAILS OF PAPERS IN WHICH
CANDIDATES ARE RE QUIRED TO
APPEAR AND PASS IN ONE SITTING AS
A UNIT IN IPCE
Group I
(Group I passed and opts for both Groups in IPCE)
1. Accounting/ Advanced Accounting
2. Auditing
3. Corporate and Other Laws/ Business and
Corporate Laws
Group I Paper 1 : Accounting
Group II Paper 5 : Advanced Accounting
Group II Paper 6 : Auditing and Assurance
Group I Paper 2 : Business Law, Communication
and Ethics
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
Group II
(Group II passed and opts for Both Groups in IPCE)
4. Cost Accounting/Cost Accounting and
Financial Management
5. Income Tax and Central Sales Tax
6. Organisation & Management and
Fundamentals of Electronic Data
Processing/Information Technology
Group I Paper 3 : Cost Accounting and Financial
Management
Group I Paper 4 : Taxation
Group II Paper 7 : Information Technology and
Strategic Management
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

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