Guidance Note for Filling Final (Old) May 21 CA Exam Forms

Guidance Note for Filling Final (Old) May 21 CA Exam Forms

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

FINAL (OLD) EXAMINATION, MAY, 2021

(Under the Syllabus approved by the Council under Regulation 31(ii) of the Chartered Accountants Regulations, 1988)

NOTES FOR INFORMATION AND GUIDANCE OF APPLICANTS

KEY POINTS AT A GLANCE

1. Ensure that you are filling the correct exam form. In other words, check the exam application form to see if it is related to Final (Old) course or Final (New) course, before you apply. 2. Detailed instructions for filling up the exam forms online are enclosed. Candidates are advised to read, understand and follow the instructions carefully while filling up the form. Please also read the FAQs for Online Forms Intermediate (IPC) / Final hosted on https://icaiexam.icai.org 3. Filling up valid E-mail address, Mobile Number and Personal Identification Number (PIN) at the respective column(s) in the examination form is mandatory. Before proceeding to fill up the exam form online, candidates may keep the following items handy, for their ready use: a. Copy of registration letter to carefully note and apply against their correct Registration Number b. Scanned copy of the Certificate of Service duly signed by the Principal. Candidates may note that uploading of Certificate of Service as applicable to them is a mandatory requirement. For doing this, before proceeding to fill up the exam form, candidates are advised to download the format of certificate from MAY 2021 Exam Details >> Format of Declaration/certificate of Service, fill in the particulars, get it attested from Principal/Member, scan the same as a Jpg/Jpeg file of size 100-300Kb/ 200DPI resolution and keep it ready for uploading. While uploading, candidates are advised to give an undertaking that the image/certificate being uploaded pertains to the MAY 2021 Exam. c. Master/Visa/Maestro Credit/Debit Card/Rupay card/Net banking for making onlinepayment 4. After filling up the form, check the same to see if all the details, (more particularly the fields relating to registration number, gender, medium, centre, eligibility criteria and Group), have been filled in correctly before proceeding to make online payment. 5. Candidates are advised to keep a copy of the duly filled in exam form, for future reference. 6. Do not wrinkle / fold the PDF form while posting. The PDF is required to be submitted/sent to examination department ONLY in case the candidates photograph and signature are not displayed on the screen while filling his exam application. Such applicants are required to take a print out of their exam form, affix their photograph and signature at the designated place and get the form attested by a Chartered Accountant or a Gazetted Officer or Head of an Educational Institution as applicable and submit the same at the designated office/s of ICAI. Those candidates whose photograph and signatures are appearing in the pdf, while filling their exam application, need NOT submit a print out of their exam form at the office/s of ICAI. 7. Exam fees is to be remitted Online only using Net banking/Rupay card/Master/Visa/Maestro Credit/Debit Card. Read Paragraph 5 in this regard. 8. Admit cards of all the candidates will be hosted on icaiexam.icai.org generally 14 days prior to the commencement of the examination. All candidates are required to print their admit cards from the website icaiexam.icai.org. No physical admit card will be sent to any candidate. 9. For downloading/printing of the admit cards from the above mentioned website, candidates will have to log-in to the site icaiexam.icai.org and print the admit card from their dashboard 10. Candidates have the option of writing the answers in Hindi or in English. Such option should be clearly exercised at the time of filling up the form. Read Paragraph 7 in this regard. 11. Exemption granted is valid for immediate next three examinations only and during this period, exemption in other subject(s) of the same group is not granted even if a candidate secures 60 or more marks (Refer Para No.6) 12. Candidates with permanent disabilities are advised to refer to Paragraph 8 carefully. 13. Frequently Asked Questions on "Exemption(s) in a paper(s)" are hosted on the FAQ section of the Institute's website www.icai.org Candidates may visit the same for detailed clarifications. 14. As decided by the Council, the Registration to the Final Course is valid for a period of five years and the student is required to revalidate the same from the concerned Regional Office on expiry of the said period. Further in order to be eligible for the Examinations, the student must be having a valid Registration number on the date of application to the Examination. Accordingly, please ensure that your registration to Final Course is valid as on date of filing Examination application form. Please visit http://www.icai.org/new_post.html?post_id=9260 for details. 15. IMPORTANT DATES

Last Date For Submission of Online Application	Without Late fees	With Late fees of Rs. 600/- (US Dollar $10)
	13th April, 2021	16th April, 2021

16. Last date for receipt of online exam form printouts. (i) Those candidates whose photographs and signatures are appearing on the PDF, need not send the printout of the PDF to ExamDept. (ii) Applicants whose photograph / signature are not appearing on the PDF have to affix their photograph & sign the PDF before necessary attestation and dispatch/submit the same to Exam Section. (iii) Last Date for Receipt of Printout of Exam Application form (PDF) filled Online after affixing photograph and specimen signature (if the same are not appearing in the pdf) and signing the declaration duly countersigned by a member of the Institute/Principal/Gazetted Officer is 20th April, 2021. IMPORTANT: Candidates are advised NOT to paste the photographs over the photographs already appearing in the PDF from the system (based on the respective candidates photograph and signatures appearing in the previous Exam forms submitted by him) or sign over the signature already appearing in the PDF from the system as NO cognizance of the same will be taken of and such changes will summarily beignored. 17. Print out of Exam Application form (PDF) received after 20th April, 2021 will not be entertained under any circumstances. Therefore, candidates are advised to fill up the exam forms online at an early date to avoid last minute technical glitches and send the PDF form generated at least 3-4 days in advance of the last date. 18. Contact details: The Additional Secretary (Exams) The Institute of Chartered Accountants of India ICAI Bhawan Indraprastha Marg New Delhi 110 002 Helpline Telephone Numbers: 0120-3054 851, 3054 852 , 3054 853, 3054 835, 4953751, 4953752, 4953753, 4953754. E-mail address: [email protected] Please fill up the form early to avoid any unforeseen issues. Helpdesk services will be available on all working days between 10am to 5pm.' 19. Admit Cards and Results will be hosted on icaiexam.icai.org 1) The next Final Examination as per syllabus as specified by the Council under Regulation 31 (2), since revised as 31 (ii) of the Chartered Accountants Regulations, 1988 as published in September, 2001 issue of the Institute's journal "The Chartered Accountant" and "The Chartered Accountant Student" will be held in MAY 2021. The following categories of candidates of Final Examination as described below who wish to appear in the forthcoming examination are required to fill up the relevant column in the application form in respect of groups they intend to appear: (a) A Candidate who has till the examination held in November 2002 appeared or required to appear in either group or both groups of Final examination under the then syllabus as per para 3A of Schedule B to the Chartered Accountants Regulations, 1988 and has not passed the Final Examination if converted to the Final course ( as per syllabus approved by the council, under regulation 31(ii) of the CA Regulations 1988) is now required to appear and pass the Final Examination under the new syllabus as per Regulation 31 (2) since revised as Regulation 31 (ii) of the CA Regulations, 1988 as published in the September 2001 issue of "The Chartered Accountant" and "The Chartered Accountant Student". Illustration: A candidate has passed first group under the syllabus as per para 3A of Schedule B to the CA Regulations, 1988 or under erstwhile syllabus as per para 3 of schedule B to the Chartered Accountants Regulations, 1988, or schedule BB to the Chartered Accountants Regulations 1964 (applicable after 1st January, 1985 under two group scheme) in the Final Examination held in May, 1985 or thereafter up to November, 2002 and has not yet passed the second Group if converted to the Final course ( as per syllabus approved by the council, under regulation 31(ii) of the CA Regulations 1988) will now be required to appear in the remaining group i.e. Second group under the new syllabus as per Regulation 31 (ii) in the Final Examination to be held in MAY 2021. (b) A candidate who appeared in either group or both groups of Final Examination held in November 2002 or thereafter under the new syllabus as per Regulation 31 (2) of the CA Regulations, 1988 and has not passed the Final Examination if converted to the Final course ( as per syllabus approved by the council, under Regulation 31(ii) of the CA Regulations 1988) will be required to appear in the remaining/either group or both groups, as the case may be, under syllabus as per said Regulation 31 (ii). (c) A candidate who was covered under the 'unit' category under the syllabus as per para 3A of Schedule B to the CA Regulations, 1988 and had not passed the Final Examination will now be required to appear and pass in both the groups in the new syllabus afresh in order to complete the Final Examination. 2) Printout of Exam Application form (PDF) received after 20th April, 2021 will not be entertained under any circumstances. Therefore, candidates are advised to fill up the exam forms online at an early date to avoid last minute technical glitches and send the PDF form generated at least 3-4 days in advance of the last date. 3) Dates and Timings of the Examination:

Group I
Paper	Subject	Date	Day	Timings(IST)
1	Financial Reporting	21/05/2021	Friday	3.00 P.M. to 6.00 P.M.
2	Strategic Financial Management	23/05/2021	Sunday	3.00 P.M. to 6.00 P.M.
3	Advanced Auditing and Professional Ethics	25/05/2021	Tuesday	3.00 P.M. to 6.00 P.M.
4	Corporate and Allied Laws	28/05/2021	Friday	3.00 P.M. to 6.00 P.M.
Group II
Paper	Subject	Date	Day	Timings(IST)
5	Advanced Management Accounting	30/05/2021	Sunday	3.00 P.M. to 6.00 P.M.
6	Information Systems Control and Audit	01/06/2021	Tuesday	3.00 P.M. to 6.00 P.M.
7	Direct Tax Laws	03/06/2021	Thursday	3.00 P.M. to 6.00 P.M.
8	Indirect Tax Laws	05/06/2021	Saturday	3.00 P.M. to 6.00 P.M

Note: Examination Timings at Abu Dhabi and Dubai and Muscat Centres will be 1.30 P.M to 4.30 P.M. i.e. Abu Dhabi , Dubai and Muscat local time equivalent to 3.00 P.M. to 6.00 P.M.(IST). Examination Timing at Kathmandu Centre will be 3.15 P.M. to 6.15 P.M., Nepal local time equivalent to 3.00 P.M. to 6.00 P.M. (IST) Examination timing at Doha, Bahrain, Kuwait and Kampala (Uganda) Centre will be 12.30 PM to 3.30 PM i.e. Doha, Bahrain, Kuwait and Kampala (Uganda) local time equivalent to 3.00 PM to 6.00PM (IST). Note: There will be no change in the examination schedule in the event of any day of examination schedule being declared a Public Holiday by the Central Government or any State Government. With effect from May 2019 examinations, following papers of Final exam (both under old and new syllabus) will have multiple choice questions to the tune of 30 marks and other questions of descriptive nature to the tune of 70 marks

Final (New)		Final(Old)
Paper	Subject	Paper	Subject
3	Advanced Auditing and Professional Ethics	3	Advanced Auditing and Professional Ethics
4	Corporate and Economic Laws	4	Corporate and Allied Laws
7	Direct Tax laws and International Taxation	6	Information Systems Control and Audit.
8	Indirect Taxes	7	Direct Tax Laws
		8	Indirect Tax Law

Details are as follows:

(i) In each of the above papers, the weightage for objective type questions would be 30%. The remaining questions i.e., 70% of the paper would be as per the present pattern of assessment.

(ii) The objective type questions will be for 30 Marks in each 100 marks paper. They would be in the nature of multiple-choice questions (MCQs) carrying 1 or 2 marks. Each MCQ will have 4 options, out of which 1 option would be the correct answer. The 1-mark MCQs would be in the range of 10 to 16 MCQs; the 2 mark MCQs would be in the range of 7 to 10 MCQs.

(iii) The MCQs will be compulsory and there would be no internal or external choice in them.

(iv) The MCQs may be either knowledge-based or application-based. The skill level would be either “knowledge and comprehension” or “application andanalysis”.

(v) There will be no negative marking for wrong answers.

(vi) No reasoning is required for answers to MCQs.

4) ELIGIBILITY CRITERIA: Eligibility criteria for the Final Old Examination to be held in MAY 2021: 4.1 (i) The candidate should have passed the Intermediate Examination or Professional Education Examination - II./PCE/IPCE/Intermediate(IPC)Examination. (ii) The candidate should have registered for Final course with the Board of studies of the concerned Regional office of the Institute. (iii) As decided by the Council, the Registration to the Final Course is valid for a period of five years and the student is required to revalidate the same from the concerned Regional Office on expiry of the said period. Further in order to be eligible for the Examinations, the student must be having a valid Registration number on the date of application to the Examination.Accordingly, please ensure that your registration to Final Course is valid as on date of filling Examination application form. Please visit http://icai.org/new_post.html?post_id=13641 for details. 4.2 (i) The candidate must have completed prescribed period of 3 years or 3½ years, as the case may be, of articled training as on the date of filling the exam application form; or (ii) The candidate must be due to complete the prescribed period of 3 years or 3½ years, as the case may be, of articled training including excess leave, if any, on or before 30th April, 2021; or (iii) The candidate must be in service as on 01st May, 2021 and serving the last twelve months of articled training including excess leave, if any, and due to complete 3 years on or before 30th April, 2022. (for PE-II stream student and PE-II stream students converted to IPCC/IIPCE) (iv) The candidate must be in service as on 01st May, 2021 and serving the last six months of articled training including excess leave, if any, and due to complete 3½ years on or before 31st October, 2021. (for PCC stream student) or (v) The candidate must be in service as on 01st May, 2021 and serving the last six months of training including excess leave, If any, and due to complete 3 years on or before 31st October 2021.(for Intermediate/IPCC/Intermediate(IPC) student) or (vi) The candidate must be in service as on 1st May, 2021 and serving the last twelve months of training including excess leave, if any, and due to complete 3½ years articleship on or before 30th April, 2022. (for students converted from PE-II to PCC as well as students converted from PE-IIto PCC and then to IPCC/Intermediate (IPC)). or Candidates who have taken termination are advised to re register for the balance period of training so as to be in service as on 01st May, 2021 and due to complete 3 years or 3½ years of training ,as applicable (including excess leave taken, if any) on or before 31st October, 2021 or 30th April, 2022 as the case may be.