1/15/ICAB-2010 04 October 2010
CIRCULAR
In continuation of the Institute’s Circular of even number dated 28 March, 2010 regarding ICAB New Curriculum, the Council ICAB in its meeting held on 05 July & 19 July 2010 respectively resolved that the Examination Structure and Conversion Criteria as under would be followed by the examinees of ICAB:
Eligibility for examination after registration:
The students will be allowed to sit for the examination for the first time after 10(ten) months from the date of registration and this ten-month period will be counted from the date of registration up to the first day of May for the examination of May-June session and up to the first day of November for the examination of November-December session.
Clarification of Attempts
a. All the papers of Knowledge Level must be completed within 4 (four) years from the date of registration, or in 06 (six) consecutive attempts counting from the first eligible attempt of the student concerned, whichever is later. Here an available opportunity to sit for any or more or all papers of Knowledge Level examination will be considered to be an attempt irrespective of whether the student concerned actually avails the opportunity or not (i.e. whether he/she actually sits for the examination or not);
b. All the papers of Application Level must be completed within 3(three) years after the completion of Knowledge Level (i.e. in maximum six consecutive examinations after the completion of Knowledge Level); and
c. All the papers of Advanced Stage (Integration +Case Study) must be completed within 3(three) years after the completion of Application Level (i.e. in maximum six consecutive examinations after the completion of Application Level).
Old Stream Students
1. PE-I Level:
Students who: (i) have neither passed, nor got exemption from, any paper or half paper of PE-I level, or (ii) have either passed, or got exemption from, one or more full/half papers (but not all the papers) of PE-I level must complete:
a. All the relevant papers of Knowledge Level by November-December 2012 examination (inclusive);
b. All the relevant papers of Application Level within 3(three) years after the completion of Knowledge Level (i.e. in maximum six consecutive examinations after the completion of Knowledge Level); and
c. All the papers of Advanced Stage including Case Study within 3(three) years after the completion of Application Level (i.e. in maximum six consecutive examinations after the completion of Application Level).
2. PE-II Level:
Students who have passed PE-I, but: (i) have neither passed, nor got exemption from, any paper of PE-II Level, or (ii) have either passed, or got exemption from, one or more papers (but not all the papers) of PE-II Level must complete:
a. All the relevant papers of Knowledge Level by November-December 2013 examination (inclusive);
b. All the relevant papers of Application Level within 3(three) years after the completion of Knowledge Level (i.e. in maximum six consecutive examinations after the completion of Knowledge Level); and
c. All the papers of Advanced Stage including Case Study within 3 (three) years after the completion of Application Level (i.e. in maximum six consecutive examinations after the completion of Application Level).
3. PE-III Level:
Students who have passed PE-II, but: (i) have neither passed, nor got exemption from, any paper or half paper of PE-III Level, or (ii) have either passed, or got exemption from, one or more full/half papers (but not all the papers) of PE-III Level, and (iii) thus have not qualified as CA, must complete:
a. All the relevant papers of Knowledge Level and Application Level by May-June 2014 examination (inclusive); and
b. All the papers of Advanced Stage including Case Study within 3(three) years after the completion of Knowledge and Application Levels (i.e. in maximum six consecutive examinations after the completion of Knowledge and Application levels).
The above students will be allowed to sit for the relevant papers of both the Knowledge Level and Application Level examinations in the same session.
Note: Item No.1 will come into force immediately. Item No.2 & 3 will come into force immediately after the PE-II and PE-III level examinations are discontinued respectively.
Conversion Course
1. PE-I: Passed, or exempted from, Financial Accounting
Attend and successfully complete a conversion course on “Preparing Limited Company Accounts” (30 hours), organized by ICAB to obtain exemption from PS(K) Accounting.
2. PE-II: Passed Advanced Financial Accounting
Attend and successfully complete a conversion course on “Principal differences between IFRS and Bangladesh GAAP and most commonly applicable BAS/BFRS” (30 hours), organized by ICAB to obtain exemption from Financial Accounting.
Note: Students will be assessed by a combination of end-of-course test, attendance records and in-course test(s) by teachers. If on assessment a student does not pass, he/she will have to pass the re-sit test to be arranged within 02 months after the end-of-course test. Students who do not satisfactorily complete the course will have to sit the main paper(s) for which they were working to obtain exemption.
By order of the Council-ICAB
N I Chowdhury FCA
Secretary-ICAB
TO : ALL CA FIRMS
ALL NOTICE BOARDS OF ICAB
