The current applicable routes to become a chartered accountant are:
Full Time Studies Scheme
- Candidates who have HSSC/A Levels with minimum 60% marks or equivalent grades, graduates with minimum 45% marks or equivalent qualification.
- Candidates who have HSSC/A levels with less than 60% marks or equivalent grades, need to appear for Qualifying Assessment Test – QAT.
- Students meet the above criteria can enter the first level (PRC) after registration.
- Before entering into the professional exam candidates pass or obtain exemption from entrance test; Pre-Requisite competencies (PRC). A candidate may be provisionally registered for PRC exams as fulltime student if result is awaited.
- On successful completion of CAF, it is mandatory for the students to join an authorized training organization of the Institute for a prescribed period.
Trainee Scheme
- The scheme is designed for university graduates who want to pursue CA qualification.
- Candidates who possess graduation or post-graduation degree with minimum 60% marks may directly register as a trainee after passing or obtaining exemption from PRC.
- These candidates also have an option to commence training before passing PRC, but their training will be terminated if they do not pass PRC within one and a half year of training or within the maximum available attempts whichever comes earlier.
- During the training the candidate qualifies for the following stages:
- Certificate in Accounting and Finance (CAF)
- Certified Finance and Accounting Professional (CFAP)
- Multi Subject Assessments (MSA)
- Financial Reporting Professional Competence; and
- Audit professional competence.