Procedure: Conversion from PE-II to IPCC !!!

Ankur Garg (Company Secretary and Compliance Officer)   (114679 Points)

20 August 2010  

DETAILED PROCEDURE TO BE FOLLOWED ALONG WITH SWITCHOVER FEE STRUCTURE FOR CONVERTING FROM PE-II TO IPCC

 

Dear CCI Members,

 

As we all are aware that Professional Education – II Course (PE-II) course has been discontinued by the Institute of Chartered Accountants of India with the end of the May, 2010 examination, please find below the detailed and compulsory procedure regarding conversion from P.E.-II to IPCC for your reference and record. You all are requested to bookmark this post for easy accessibility.

 

Current Articleship Training Rule for PE-II passed students

 

Students, who have passed PE-II examination held in May, 2010 are eligible for registration of three years of articled training immediately provided they have successfully completed the course on Compulsory Computer Training (CCT) or Information Technology Training (ITT). Such students shall be eligible to appear in the Final Examination during the last 12 months of their articled training.

 

 

PROCEDURE REGARDING CONVERSION FROM P.E.-II TO IPCC


All students, who have been registered for the Intermediate/ Professional Education (Course -II) under Regulation 28A of the Chartered Accountants Regulations, 1988,
who have not yet passed /are not able to clear the PE-II examination held in May, 2010 and want conversion from P.E.-II to IPCC are required to take the following steps and furnish the following to the respective Regional Offices i.e. where previous registration was done:

 

SUBMISSION OF PRESCRIBED FORM

 

1. Fill and submit the prescribed form for shifting from Intermediate/ Professional Education (Course – II) to Integrated Professional Competence Course (IPCC).

 

FORM FOR SWITCHOVER

 

Form for switchover supplied along with IPCC Prospectus or can be downloaded from the following link:

 

https://www.icai.org/resource_file/14650IPCC_Converson_Form.pdf

 

You may also follow the path given below:

 

www.icai.org Students > Course Registration Form > Professional Education [PE -II] – IPCC Conversion Form


PAYMENT OF PRESCRIBED FEE/ FEE STRUCTURE

 

2. Pay the prescribed fee as shown below along with the filled in form. The Demand Draft is to be drawn in favour of “The Secretary, The Institute of Chartered Accountants of India, payable at Mumbai, Chennai, Kolkata, Kanpur or Delhi”, as the case may be.

 

A. PE-II Students who have completed 250 hours Compulsory Computer

Training (CCT) or 100 hours Information Technology Training (ITT)

 

Sl.

No.

Details of fees

Amount (Rs.)

 

1.

Cost of Study Material of IPCC – Both Groups

(As against sale price as on date of Rs. 3,250/-)

1,500

2.

Registration fee for Orientation Programme

1,000

 

 

B. PE-II Students who have NOT completed 250 hours Compulsory Computer Training (CCT) or 100 hours Information Technology Training (ITT)

 

Sl.

No.

Details of fees

Amount (Rs.)

 

1.

Cost of Study Material of IPCC – Both Groups

(As against sale price as on date of Rs. 3,250/-)

1,500

2.

Registration fee for Orientation Programme

1,000

3.

Registration fee for 100 hours Information Technology Training (ITT)

2,000

 

In addition, the course fee for 100 hours Information Technology Training (ITT) is Rs. 4,000/- and for Orientation Programme is Rs. 3,000/- payable separately at the time of registration for the respectively at the time of registration for the respective courses.

 

3. Enclose a copy of the Intermediate/ Professional Education (Course -II) registration letter received from the concerned Regional Office, for ready reference.


4. Enclose a copy of having undergone Compulsory Computer Training (CCT)/ Information Technology Training (ITT) certificate, if completed, for ready reference.

 

5. Enclose a copy of commencement of Articled/ Audit Training certificate/ completion of Articled/ Audit Training certificate received from the Institute, if applicable.

 

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 ALLOWED ONLY (NOT GROUP WISE EXEMPTION)

 

8. 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 above, 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 below:

 

‘UNIT SCHEME’

 

INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)

 

DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT CANDIDATE IN IPCE-

 

STUDENTS WHO HAVE PASSED GROUP-I

 

STUDENTS WHO HAVE PASSED GROUP-I IN INTERMEDIATE EXAMIANTION UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION EXAMINATION– II (P.E.-II)

                                                                                                

Student to pass Group I of IPCC has to appear

 

Student to pass Group II of IPCC has to appear

 

Student to pass Both Groups of IPCC has to appear

 

UNIT – 4

Group I Paper 3 : Cost Accounting and

Financial Management

Group I Paper 4 : Taxation

 

UNIT – 6

Group II Paper 7 : Information Technology

and Strategic Management

 

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

 

 

 

STUDENTS WHO HAVE PASSED GROUP-II

 

STUDENTS WHO HAVE PASSED GROUP-II IN INTERMEDIATE EXAMIANTION UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION EXAMINATION– II (P.E.-II)

 

 

Student to pass Group II of IPCC has to appear

 

Student to pass Group I of IPCC has to appear

 

Student to pass Both Groups of IPCC has to appear

 

UNIT – 5

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance

 

UNIT – 7

Group I Paper 1 : Accounting

Group I Paper 2 : Business Laws, Ethics and Communication

 

 

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

 

 

 

PAPER-WISE EXEMPTION

 

9. 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).

 

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

 

 

Sr. No.

PE-ll

Paper

Paper-wise exemption in IPCC under Regulation 28D of The Chartered Accountants Regulations, 1988

 

1.

Paper 1 (Group I)

 

Accounting

Paper 1 (Group I) & Paper 5 (Group II)

Accounting & Advanced Accounting

2.

Paper 2 (Group I)

Auditing

Paper 6 (Group II)

Auditing and Assurance

3.

Paper 3 (Group I)

Business and Corporate Laws

Paper 2 (Group I)

Business Laws, Ethics and Communication

4.

Paper 4 (Group ll)

Cost Accounting and Financial Management

Paper 3 (Group l)

Cost Accounting and Financial Management

5.

Paper 5 (Group ll)

Income Tax and Central Sales Tax

Paper 4 (Group I)

Taxation

6.

Paper 6 (Group ll)

Information Technology

Paper 7 (Group II)

Information Technology and Strategic Management

 

 

10. Students who switchover from CA Intermediate/ Professional Education (Course–II) to Integrated Professional Competence Course (IPCC) should successfully complete 35 hours Orientation Programme and also 100 hours Information Technology Training, if required, before the commencement of relevant Integrated Professional Competence Examination (IPCE).

 

Source: ICAI

 

Warm Regards

Ankur Garg