The current applicable routes to become a chartered accountant are:
Full Time Studies Scheme
- Candidates who have HSSC with minimum 50% marks, ‘A’ Levels with minimum two passes or equivalent qualification and graduates with minimum 45% marks.
- Students meet the above criteria can enter the first level (AFC) after registration
- Before entering into the professional exam candidates pass or obtain exemption from entrance test; Assessment of fundamental Competencies (AFC). A candidate may be provisionally registered for AFC 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.
- The scheme is designed for university graduates who want to pursue CA qualification.
- Candidates who possess graduation or post-graduation degree with minimum 45% marks may directly register as a trainee after passing or obtaining exemption from AFC
- These candidates also have an option to commence training before passing AFC, but their training will be terminated if they do not pass AFC 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.