PE-II to IPCC is the BEST

Old Course 1235 views 4 replies

RAJ

CS CPA

77 Points Joined August 2009

Dear Friends,

Its better to switchover from the PE-II to IPCC scheme. Because in the coming two more PE-II exams the exam passing percentage will be made even more reduced from the last time(i.e Jun 2009). The reason is that the PE-II syllabus is more outdated. The institute is intending to give more weightage to the new scheme to cope with the international requirements. Moreover ICAI is heading towards to be parallel with the standards of global accounting professional bodies.

In the future only the students of PE-II who will give an outstanding performance in the exams will be only allowed to pass. The average students will face much difficulty in passing the PE-II exams becuse of the exam paper valuation will be made very very tough.

Therefore it is better and advisable to switchover to IPCC than remaining in the PE-II for another expensive one year.

Replies (4)

Animish

Final CA

96 Points Joined August 2008

yes i agree especially those who have 2 groups or so left . those with one grps can continue with pe2

Stu

student

295 Points Joined January 2009

Definitely agree...but for those with one group left..after already failing this June attempt, we find that the Final attempt will be delayed by one more attempt, as in IPCC you can only do it in last 6 mnths, and not last 12 mnths. Animesh is right, if you have both groups pending, switch to IPCC. If you have one group pending, I suggest stay with PE-2, but slog hard.

I checked with institute and they said passing 1 group to start articleship is unique to IPCC course; that is, if you have passed one group of PE-2, you cannot start articleship straight off. You will need to specifically clear the 4 subjects of IPCC group 1. So, for all PE-2 and IPCC students, articleship will only start after Nov 09 results are declared not before. That was my prime concern, i wanted to start articleship early. Since that was not applicable it was an easy decision to stay with PE-2.

Stu

student

295 Points Joined January 2009

Also, an honest opinion from an ICAI source from Bombay: IPCC is also a new course, there is no objective as of now to arbitrarily ensure that only IPCC students pass their group 1 easily and start articleship. IPCC group 1 will also be quite difficult to pass.

Subhendu S Sanyal

B.Com(C.S.) CA FINAL

666 Points Joined February 2009

for me then i hv to go to PE-II ONLY.... I SAW THE FOLLOWING ANNOUNCEMENT ONLY AFTER SUBMITTING PE-II EXAM FORM...THOUGH I CONVERTED TO IPCC ON 31/7/09...i GOT EXEMPTION IN AUDITING & LAW. THIS JUNE...SO FOR ME A/C & GROUP-2 LEFT..I AM GOING WITH PE-II ...:-

An Important Announcement for Students of Erstwhile Intermediate/ Professional Education (Course – II)/ Professional Competence Course (PCC) who have mean while converted to Integrated Professional Competence Course (IPCC) – relaxation of nine months study course period to appear in the Integrated Professional Competence Course (IPCC) to be held in November, 2009.

Eligibility to appear in the November, 2009 Integrated Professional Competence Examination (IPCE)

All students who have been registered for the erstwhile Intermediate under paragraph 2 or 2 A of schedule B to the Chartered Accountants Regulations 28 or who have been registered for the erstwhile Professional Education (Course-II) or who have been registered for the Professional Competence Course (PCC) are eligible for conversion to IPCC by paying the prescribed conversion fee along with the conversion application form obtained along with IPCC prospectus or down loaded from https://www.icai.org/resource_file/14262ipcc_re_regform.pdf - IPCC Re-Registration Formto be submitted to the concerned Regional Office on or before September 14, 2009 for becoming eligible to appear in the November, 2009 examination. Examination applications together with the prescribed fee by Demand Draft of any Scheduled Bank may be sent so as to reach the Additional Secretary (Examinations) at New Delhi not later than 7th September, 2009. However, applications will also be received direct by Delhi Office after 7th September, 2009 and upto 14th September, 2009 with late fee of Rs. 500/-. Applications received after 14th September, 2009 shall not be entertained under any circumstances.

(i) Relaxation of Nine months study course period to appear in the November, 2009 IPCC examination

Students who have mean while converted from erstwhile Intermediate/ Professional Education (Course – II)/ Professional Competence Course to Integrated Professional Competence Course (IPCC) and have completed minimum period of nine months from the date of registration in Intermediate/ Professional Education (Course – II) or completed nine months after joining the Professional Competence Course are permitted to appear in the Integrated Professional Competence Examination to be held in November, 2009.

(ii) Successful completion of Information Technology Training (ITT)

Students who have successfully completed 250 hours of compulsory computer training (CCT) under PEE-II or those who have successfully completed 100 Hours Information Technology Training either under PCC or IPCC may appear in the Integrated Professional Competence Examination (IPCE) to be held in November, 2009.

Students those who have registered on or before January 31, 2009 directly to IPCC or converted from Intermediate/ PEE-II/ PCC to IPCC and undergoing 100 Hours IT Training are required to complete the 100 hours IT training before the date of declaration of the result of IPCE, November, 2009. Such students should furnish proof of completion of the 100 hours IT training to the examination section latest by January 15, 2010.

(iii) Successful completion of Orientation Programme

Students are required to complete the Orientation Porgramme of 35 hours before the date of declaration of the result of IPCE, November, 2009. Such students have to furnish proof of completion of the Orientation Programme to the examination section latest by January 15, 2010.