Applications available for ICAI Examinations 2019

The Institute of Chartered Accountancy of India (ICAI) has invited applications for the advanced integrated course on Information Technology and soft skills (advanced ICITSS) at its website, icia.org. The examination will be held in a computer-based mode on May 17 (Friday) from 10:30 am to 12:30 pm, according to IE report. The application process will begin on May 2 and conclude on May 7, 2019. The exam is scheduled to be conducted in 69 cities in India and in Dubai. In case sufficient candidates do not register from an exam centre, that centre will be cancelled. Those who want to appear for the test need to apply at icai.org and pay the exam fee.

Eligibility

  • No candidate shall be admitted to the test unless he/she has successfully completed the course or going to complete the course

Steps to Apply

  • Candidates need to apply at the official websites, icai.org. The link is yet to be activated

Fee

  • Students can pay Rs 500 as an exam fee. For those who wish to apply for the Dubai-based centre will have to pay $150

The examination will be the objective type or MCQ-based. It will have 100 questions and would constitute of 100 marks, one mark each. There will be no negative marking. Candidates should report to the centre by 9:15 am, the exam will begin at 10:30 am. If a candidate arrives later than the reporting time, they will not be permitted to appear for the exam. Candidates will not be allowed to leave the examination hall until the conclusion of the test.

The Institute is a statutory body established by an Act of Parliament, viz., The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest. The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988.

The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders. Over a period of time the ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. Since 1949, the profession has grown leaps and bounds in terms of members and student base.

Functions

  • Regulate the profession of Accountancy
  • Education and Examination of Chartered Accountancy Course
  • Continuing Professional Education of Members
  • Conducting Post Qualification Courses
  • Formulation of Accounting Standards
  • Prescription of Standard Auditing Procedures
  • Laying down the Ethical Standards
  • Monitoring Quality through Peer Review
  • Ensuring Standards of performance of Members
  • Exercise Disciplinary Jurisdiction
  • Financial Reporting Review
  • Input on Policy matters to Government

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