ICAI issues advisory on Coronavirus



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has issued an advisory to its members and students regarding COVID-19. As a precautionary measure, all programmes, classes, and gatherings requiring physical presence organised by ICAI branches and committees are restricted with immediate effect until April 15, 2020. Additionally, the mandatory structured CPE learning hours that can be completed via e-learning have been extended.

An Advisory by the ICAI Central Council regarding avoiding large gathering as a precautionary measure to prevent any spread of COVID-19 was issued on the 12th of March. Here is what the advisory read.

ICAI/028/RBA/2020/RCB-Misc (COVID-19) 
12th March 2020 

This has reference to the Advisory to Regional Councils and Branches, issued on 11th March 2020 regarding avoiding large gathering as precautionary measure to prevent any spread of COVI D-19. 

The Council at its Special Meeting held on 12th March, 2020 has reviewed the said Advisory in light of the ongoing spurt of the COVID-19 virus and in the interest of the well-being of members and students and other stakeholders, decided as a proactive measure to completely restrict conduction of any programme / class by any CPE Study Circle/Branch/Regional Council/Central Level Committee of ICAI or any other PoU, requiring physical presence of members and students with immediate effect, till 15th April 2020 or any further direction in the matter. 

Further, the Council has decided that 20 hours structured CPE learning which is mandated to be completed by members below 60 years holding COP, in each calendar year, wherein 04 hours of structured learning could be through e-Learning Videos available on ICAI Digital Learning Hub, conducted and monitored by ICAI and its Central Committees (on MCQ and result basis),has been extended to 10 hours till 30th June 2020. All the Central level Committee Secretaries have been advised to further expand the repository of online subject modules for Continuing Professional Development of membership. 

Accordingly, the Council decided to issue Direction to all concerned directing them not to conduct any programme(s) / Class(es) relating to members and students with immediate effect till 15th April 2020 or any further direction in the matter. All the programme(s) / class(es) already announced and in progress shall also be cancelled / postponed, till that date. 

You are requested to kindly ensure compliance to the above directions of the Council. 

(Rakesh Sehgal) 
Acting Secretary 

ICAI issues advisory on Coronavirus (COVID-19)

FAQ :

The advisory aims to prevent the spread of COVID-19 by restricting large gatherings and physical programmes.

All programmes, classes, and events organised by ICAI's CPE Study Circles, Branches, Regional Councils, or Central Level Committees that require the physical presence of members and students are restricted.

The restrictions are in place with immediate effect until April 15, 2020, or until further direction is given.

Yes, the mandatory 20 hours of structured CPE learning for members under 60 holding COP has been extended, allowing up to 10 hours to be completed through e-Learning Videos until June 30, 2020.

All programmes and classes that were already announced or were in progress are to be cancelled or postponed until April 15, 2020, or further notice.




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