Commerce

Commerce

CA Exam postponed as centres were holding UPSC exams: ICAI

PUBLISH DATE 16th May 2019

CA Exam postponed as centres were holding UPSC exams: ICAI

The Institute of Chartered Accountants of India (ICAI) gave clarification why it had postponed the CA final exams from June 2 and 4 to June 13.

The Institute of Chartered Accountants of India (ICAI) has clarified that the postponement of exams on June 2 and 4 was because the examination centers were holding UPSC tests on the same day.

Reasons of postponing CA final exams

The paper on June 4 was postponed to June 13 so that Group I of CA final exams was completed before commencing Group II papers, ICAI said on Wednesday.

"Postponement of paper on June 2 to June 4 was occasioned by the inability expressed by many exam centres to conduct the exam on that date owing to their holding Union Public Service Commission (UPSC) exams on that day," ICAI said in a statement.

Benefitting students

Besides, the institute clarified that the postponement of paper on June 9 to June 13 was necessitated for the convenience of the common candidates of the Foundation Exam of ICAI and the Foundation exam of the Institute of Company Secretaries of India scheduled on June 9.

The Institute of Chartered Accountants of India

The Institute of Chartered Accountants of India (ICAI) 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.

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