ICAI CA admissions requirements for direct entry - ICAI News
The Institute of Chartered Accountants of India (ICAI) used to allow direct admission to its Chartered Accountancy (CA) course to B.Com (Bachelor of Commerce) graduates who secured 55% in their final year. But now, the ICAI has made it mandatory for students to secure at least 54.5% marks in all semesters in Commerce to be eligible for direct entry to the CA course.
Last year, the University of Mumbai had adopted the credit-based grading system (CBGS) in which University results have grades of all six semesters. To avoid confusion, the ICAI has also adjusted by tweaking its rules to grant admission to B.Com graduate with an overall pass percentage of 54.5% in all the six semesters.
The Board of Studies of the ICAI had met last week to decide whether the overall grades should be taken into consideration for direct CA admissions over just final-year grades or not.
Students with more than 55% in the final year but low overall percentage due to poor performance in earlier years of their undergraduate programme are not happy with the decision. Pranjit Roy, a recent B.Com graduate, said, “If the institute wanted to make any such change, it should have announced it earlier. Or the new rules should be made applicable after two years. There are many students who have not performed well in the first two years but did marathon studies in the final year to secure above 55% and clear the eligibility requirements. Now, they cannot simply go back and improve their performance in the former two years.”
Now, CA aspirants whose overall percentage does not add up to 55% in B.Com will have to take the Common Proficiency Test (CPT) instead for getting admitted to the CA course.
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