In terms of Notification NO XCA(7)/145/2012 dated 1st August 2012, “Integrated Professional Competence Examination(IPCE)”, stands renamed as “Intermediate (IPC) Examination” and would be known accordingly, with effect from May 2013 examination onwards.
For detailed Notification, visit www.icai.org
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Renaming....
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Still does not explain why letter "C" is included in the new acronym 
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