With reference to Announcement dated June 12, 2018; the Council has decided to assesses students after completion of 1st and 2nd year of articleship with online MCQ based tests.
Exam Details:
1st year of articleship: Test of 75 marks (Duration: 2 hours)
Mandatory Subject: Accounting and Auditing (incl. Corporate Laws) of 50 marks
and
Selecting one optional module (each of 25 marks) from the following:
- Direct Tax
- Indirect Tax
- Internal Audit
2nd year of articleship: Test of 100 marks (Duration: 3 hours)
Mandatory Subject: Accounting and Auditing (incl. Corporate Laws) of 50 marks
and
Selecting two optional module (each of 25 marks) from the following:
- Direct Tax including International Taxation
- Indirect Tax
- Internal Audit
Grades
- 80% and above – A grade
- 60% and above but below 80% – B grade
- 40% and above but below 60% – C grade
- Below 40% – D grade
Same will appear on final marksheet of the student and student can appear in a particular test for two more times to improve the grades. (i.e. total 3 times inclusive of first assessment test).
When to appear for assessment
Completion of Articleship 1st /2nd Year in Quarter | Appear for Assessment |
April-June, 2018 | August-December, 2018 (August 26, 2018) |
July-September, 2018 | October-December, 2018 |
October-December, 2018 | Jan-March, 2019 |
Jan-March, 2019 | April-June, 2019 and so on |
Practice paper are available on following website: https://www.icai.org/new_post.html?post_id=14836
For more details refer to Announcement: https://taxguru.in/chartered-accountant/assessment-ca-students-completion-1st-2nd-year-practical-training.html
SYLLABUS OF EACH SUBJECT OF 2nd YEAR ARTICLE ASSESSMENT TEST
Is there any consequences if we failed to write the article asessement test?