ICAI Students Club

09/01/2019

1st Last Date to Convert to New Syllabus for May 2019 Attempt:

Old Syllabus who wish to convert to New Syllabus shall complete the process by 1st Feb, in order to be eligible for May 2019 attempt.

Note that this conversion is voluntary (Old Syllabus students have time till Nov 2020 to appear under CA Final Old Scheme)

If any student has passed One group in Old Syllabus, they just need to appear for the remaining group only under the New Scheme.

There is an online facility by ICAI for the conversion:

21/12/2018

KEY POINTS FROM ICAI PRESIDENT NAVEEN GUPTA SIR

Date : 21st December 2018

👉 IPCC Students can give two more attempts after May 2019 in old syllabus only.

👉 Declaration from Students for not showing Answer sheet to anyone Removed w.e.f from September 2018

👉 Step wise Marking in all Questions else question treated as not evaluated

👉 Pilot project for Centralised checking under the guidance of Head Examiner implemented

👉 Revaluation of Answer sheet will require ammendment in CA Act and Regulation and matter has been put up before Ministry of HRD and Ministry of Corporate Affairs

👉 Paper 6 (Final New) - MCQ for 40 Marks

👉 Digital Evaluation implemented on pilot basis for IPCC Group 1 Evaluation

👉 The present system of decentralised evaluation of exams will be scrapped in coming years

👉 Reduction in fees of Live Virtual Class conducted by ICAI by 50%

👉 More reading rooms and New systems at all ITT Centres.

21/12/2018

23/11/2018

of PATTERN OF ASSESSMENT FROM MAY 2019 EXAMINATION

ICAI has already notified that from May 2019 examinations, pattern of assessment is going to be changed, as of till now, whole pattern was only subjective type assessment, but from may 19 examinations, the weightage for objective type questions would be 30%. The remaining questions i.e., 70% of the paper would be as per the present pattern of assessment. The objective type questions will be in the nature of multiple choice questions having 1 or more marks. There will be no negative marking for wrong answers. It may be noted that objective type questions will be compulsory and there will be no internal or external choice in them.

But this is not applicable for all subjects, only a few respective papers have been plotted under this pattern, which are as follows:

For CA Final (Old)

Paper 3 - Advanced Auditing & Professional Ethics
Paper 4 - Corporate & Allied Laws
Paper 7 - Direct Tax Laws
Paper 8 - Indirect Tax Laws

For CA Final (New)

Paper 3 - Advanced Auditing & Professional Ethics
Paper 4 - Corporate & Economic Laws
Paper 7 - Direct Tax Laws & International Taxation
Paper 8 - Indirect Tax Laws

For CA Inter (Old)

Paper 2 - Business Laws, Ethics & Communication
Paper 4 - Taxation
Paper 6 - Auditing & Taxation
Paper 7 - Information Technology & Strategic Management

For CA Inter (New)

Paper 2 - Corporate & Other Laws
Paper 4 - Taxation
Paper 6 - Auditing & Taxation
Paper 7 - Enterprise Information Technology & Strategic Management

03/10/2018

NFRA IS CHALLENGED IN THE COURT:

Dear Professional Colleagues!!

The ICAI, one of the respondent to the application filed in Hon’ble High Court, has very powerfully and diligently has put up its views before the Hon’ble Delhi High Court on NFRA matter. We professional are aware that Government tries to put a higher authority mechanism on our professional members.

NFRA was challenged in Delhi High Court on various grounds and hearing of the case was today in High Court.

The ICAI through its Legal Department- (Headed by C.A. Vijay Kumar Gupta, Central Council Member ICAI) strongly presented before the Court.

After hearing the counsels the Hon’ble Delhi high court passed the order to stay any disciplinary action against any member of ICAI under NFRA and notice was issued to the Government. next date of hearing is 16.01.2019

21/09/2018

*तू प्रोफेशनल है, तू सीए है*
*तू तो सनदी लेखाकार है*

वेट् ऑडिट के जोर मे
कटी पतंग तेरी भरदोर में
तिलगुड खाके गॉड नही बोला
क्या हुआ जो तुझसे नाराज़
तेरे दोस्त, तेरा परिवार है
*तू तो सनदी लेखाकार है*

टाइम बारिंग के रीज़न में
होली तेरी गई, हर सिज़नमे
सफेद कागज़, काले अक्षर, हरी टिक
येही तेरे रगोंकी बोछार है
*तू तो सनदी लेखाकार है*

एप्रिल आया जोर में
बेंक ऑडिट के शोर में
बर्थडे क्या मनाये तू
जब सांस लेना दुस्वार है
*तू तो सनदी लेखाकार है*

गर्मियो की छुट्टियाँ
तेरे बच्चोसे हो गई कटीयाँ
लिमिटेड टाइम में लिमिटेड रिव्यु इतने
के लोनावला भी तेरी पहोंच के बहार है
*तू तो सनदी लेखाकार है*

पहिली बारिस की बूंदे
तू खुद को 26AS में ढूढ़े
टेक्स क्रेडिट के हिसाब मे
तू सूखा रहा बरसात में
क्लायंट से डेटा आ जाये बस
तेरी नैया पार है
*तू तो सनदी लेखाकार है*

उस क्लायंट के ओटीपी नही आये
जो मुशी डेम पे छुट्टी मनाये
वोट्स एप पे बैंक पासबुक भेजते
तेरे क्लायंट बड़े होशियार है
*तू तो सनदी लेखाकार है*

दोस्त तेरे गणेश दर्शन करते
बम्बई के हर पंडाल में
तू ऑफिसमे उल्ज़ा है कैप्चा के जंजाल में
तेरी इस कहानी में खलनायक हज़ार है
*तू तो सनदी लेखाकार है*

DIN KYC, जीएसटी,
टेक्स ऑडिट और RERA
नववे महीने में
तुजे लेने कितने अवतार है
*तू तो सनदी लेखाकार है*

तेरे नवरात्र भी ऑफिसमे
तेरे श्राद्ध भी ऑफिसमे
तेरा तो मिच्छामि दुक्कड़म
भी ऑफिस में हर बार है
*तू तो सनदी लेखाकार है*

पुकारा तूने क्लायंट को
धरती से अम्बर तक
ट्रांसफर प्राइसिंग डेटा
आया नही नवम्बर तक
फिर भी तेरा जोश बरकरार है
*तू तो सनदी लेखाकार है*

दीवाली से क्रिसमस तेरी
स्क्रूटिनी की ऋत आएगी
आयकर के सोफे पे
तेरे कटने सभी इतवार है
*तू तो सनदी लेखाकार है*

कभी ये तारीख़, कभी वो डेटा
Ease of Doing Business
के चक्करमें तुज़ही पे होते अत्याचार है
पर गम न कर
*तू तो सनदी लेखाकार है*

तू इंडस्ट्री मे हो या प्रेक्टिस में
छोटी फर्म या बिग फ़ॉर में
कॉम्प्लॉयन्स के नाम पे
तेरे पीछे पड़ी सरकार है
*तू तो सनदी लेखाकार है*

*तू प्रोफेशनल है, तू सीए है*
*तू तो सनदी लेखाकार है*
ड्यू डेट तेरा मातम
एक्सटेंसन तेरा त्योहार है
*तू तो सनदी लेखाकार है*

21/09/2018

Cards for Articleship Exam Available : FAQs and Details:

As you might be aware, the Admit Cards for the First Articleship Exam were already released.

The Exam is going to be held on 23rd September and you can download admit cards from link provided below.

Login is mandatory to download the Admit Card.

Candidates should carry the print out of the admit card to the exam center.

For any queries or concerns, mail to [email protected]

Admit Cards will be available on the site until the exam date.

https://pttest.icai.org/

17/09/2018

Increase : ICAI to Follow ICMAI Rs.10,000 Amount:

As you might be aware, The Institute of Cost Accountants of India has increased minimum stipend to the Article Students to Rs.10,000 and Rs.8,000 in other places.

The changes has come into effect immediately.

Considering this development, ICAI has started to look into the matter and increase the stipend to CA Article Students.

More likely, The minimum stipend to the CA Students is also to be increased to around Rs.8,000.

Apparently, Stipend Increase decision has been pending with the Committee since two years without any move forward.

A Section of Chartered Accountants are lobbying and opposing this increase to lower their Firm expenses.

We can expect the decision on this by December.

16/09/2018

Last Day to Submit Suggestions to ICAI on Evaluation Process:
As you might be aware, ICAI has started taking steps to improve the Evaluation Process in CA Exams.

On account of the same, ICAI has invited students to give their suggestions on the same.

Today is the last date to send your suggestions. If you haven't send them yet, do the same from below link:

https://goo.gl/QVt1EU

15/09/2018

seeks student suggestions on exam improvements

We all know that ICAI has formed a group to evaluate the present examination system and provide an improved structure for same.

The Group formed to review the evaluation of the examination answer book system invites Suggestion/ Feedback of the CA students on the evaluation of examination answer books system through the following link:-

https://goo.gl/forms/Uu3soCm0Z8QAplJc2

All student may kindly send your feedback latest by 16th September, 2018 (Tomorrow)

We requests all students to share their suggestions on the above form so that improvements can be brought in the course.

Official link of Notification by ICAI :- https://icai.org/new_post.html?post_id=15125&c_id=219

09/09/2018

Withdraws Notification on Videos of Evaluation Procedure

As you might be aware, yesterday ICAI has released an official announcement condemning the videos being circulated on social media related to Evaluation process of CA Answer Sheets.

For the past week, many noted Faculties have complained the negligence in ICAI Evaluation process.

In yesterday's Announcement, ICAI has called these allegations baseless and wrong.

However, due to heavy backlash from students and Members, this Announcement from ICAI has been withdrawn.

If reports are to be believed, The President has asked to form a Committee to look into these complaints and take necessary measures to correct these mistakes.

More information on this will be made available in the upcoming weeks.

ICAI Students Club