Proprietor
260 Points
Joined January 2009
Friends,
Suppose u cleared 1 group (say first) in PE 2 and u get converted to IPCC (u r eligible for may 2010 IPCC exams) :-
U will appear for :-
GR. 1:-
Paper 1 :-Accounting :- Exempted
Paper 2 :- Law, Ethics & Communication :- Exempted
Paper 3 :- Costing & FM :- Write the paper
Paper 4 :- Taxation :- Write the paper
Gr. 2:-
Paper 5 :-Advanced Accounting :- Exempted
Paper 6 :- Auditing :- Exempted
Paper 7 :- IT and SM :-Write the paper
U will have to score an aggregate of 100 in Gr.1 and 50 in Gr. 2
Reverse if u have cleared Gr. 2 in PE 2.
If ICAI dosent clear u in May 2010 in PE 2 , u will nedd to switch to IPCC and ur group wise paper exemption will remain as it is.
I have confirmed with icai regarding this.
ALL DA BEST FRIENDS....