Major Changes have been proposed in the Chartered Accountants (2nd Amendment) Regulations, 2022
Let's break them down in a Thread below🧵
Kindly make it reach maximum people..
Let's break them down in a Thread below🧵
Kindly make it reach maximum people..
A person who wish to take COP must take 1 year post qualification Experience under Practicing FCA to apply for COP. This experience should be in the last 5 years..
Registration for Foundation can now be done after passing 10th also
But needs to register on or before 31-Dec to give exams in May Attempt
But needs to register on or before 31-Dec to give exams in May Attempt
A candidate who has passed Intermediate Exams of CWA, CS are given exemption from Foundation Examination
ATC (Accounting Technician Course) has now been changed to BAA(Business Accounting Associate) Certificate
Negative Marking in MCQ based Questions to include the essence of Competitive Papers (in Both Intermediate & Final)
Minimum Articleship Stipend increased (Double from current rate)
Articleship Period reduced from 3 years to 2 years
Students currently undergoing Articleship, their articleship will also be reduced to 2 years once these regulations are finally notified
Students currently undergoing Articleship, their articleship will also be reduced to 2 years once these regulations are finally notified
Industrial Training Stipend to be minimum of ₹15,000/-
Minimum 50% marks required in Online Self Paced Modules mandatory for registering in Final Course
A member who is residing abroad, may complete his 1 year practical experience training required for COP under other recognized Accounting Bodies Member
12 leaves in a year allowed except Public Holidays and Sundays during Articleship
This last point is a bit confusing in itself, would need more clarity on this point from seniors..
These are a series of Positive changes that has been bought in by Council and we hope a positive results in the years to come and our CA Profession continues its glorification.
These regulations are just draft regulations, nothing is final and are subject to Positive changes
These regulations are just draft regulations, nothing is final and are subject to Positive changes
If anyone wants to comment on these regulations, they can post them on the link that will be provided in next tweet
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