Candidates wishing to pursue a career as a chartered accountant must apply for the examinations at different levels conducted by the Institute of Chartered Accountants of India (ICAI). Candidates need to clear all the courses i.e. foundation, intermediate and final course in order to become a chartered accountant. Once a candidate clears a stage, he/she can proceed to the next one by registering for the exam. It is important for the candidates to clear the exams at all the stages. The ICAI 2022 exams are held twice a year in the month of May and November.
Candidates should ensure their status of eligibility before they proceed to fill the application form for the concerned exam level. They must submit their applications on or before the due date stated by the authority. For more information on ICAI 2022, keep reading the article.
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Important Dates for ICAI 2022
The tentative dates for ICAI 2022 are provided below-
ICAI May exam dates
| Foundation Course | |
| Application form availability | 1st week of February 2022 |
| Last date to submit the form without late fee | Last week of February 2022 |
| Last date to submit the form with late fee | 1st week of March 2022 |
| Admit card releasing | 2nd week of April 2022 |
| Exam date | May 2022 |
| Result announcement | 3rd week of July 2022 |
| Intermediate Course and Final course | |
| Date to register with Board of Studies | 1st week of July to last week of December 2021 |
| Availability of application form | 1st week of February 2022 |
| Last date to submit the application form | Last week of February 2022 |
| Last date to submit the application form with late fee | 1st week of March 2022 |
| Correction Window | 2nd week of March 2022 |
| Exam date | May 2022 |
| Result declaration | Yet to be notified |
ICAI November exam dates
| Events | Dates (Tentative) |
| Application form availability | 1st week of August 2022 |
| Last date to submit the form without late fee | Last week of August 2022 |
| Last date to submit the form with late fee | 1st week of September 2022 |
| Exam date | November 2022 |
ICAI 2022 Exam Pattern
The exam pattern for ICAI 2022 is as follows-
For foundation course
Candidates need to qualify a total of four papers in order to clear the foundation course. Here is the description of those papers-
| Papers | Topic | Maximum Marks |
| I | Principles and Practice of Accounting | 100 |
| II | Business Law & Business Correspondence and Reporting | 100 |
| III | Business Mathematics and Logical Reasoning & Statistics | 100 |
| IV | Business Economics & Business and Commercial Knowledge | 100 |
Note: Candidates should note that paper-III and IV will carry objective type questions with negative marking for choosing the wrong answer.
For Intermediate course
Group I
| Papers | Topic | Maximum Marks |
| I | Accounting | 100 |
| II | Corporate Laws & Other Laws | 100 |
| III | Cost and Management Accounting | 100 |
| IV | Taxation | 100 |
Group II
| Papers | Topic | Maximum Marks |
| V | Advance Accounting | 100 |
| VI | Auditing and Assurance | 100 |
| VII | Enterprise Information Systems & Strategic Management | 100 |
| VIII | Financial Management & Economics for Finance | 100 |
For Final course
Group I
| Papers | Topic | Maximum Marks |
| I | Financial Reporting | 100 |
| II | Strategic Financial Management | 100 |
| III | Advanced Auditing and Professional Ethics | 100 |
| IV | Corporate and Economic Laws | 100 |
Group II
| Papers | Topic | Maximum Marks |
| V | Strategic Cost Management and Performance Evaluation | 100 |
| VI | Elective Paper | 100 |
| VII | Direct Tax Laws & International Taxation | 100 |
| VIII | Indirect Tax Laws | 100 |
ICAI 2022 Application Form
Candidates can proceed for the application form filling part only through the online mode i.e. by visiting the official website of the ICAI. The application form will be available for different levels of the ICAI exam. Candidates first need to ensure the level in which they want to appear. The application form will entail details like applicant’s name, phone number, email id, address, religion, gender, educational details, etc. These details should be filled very carefully as there is no scope for correction once the application form is submitted. They must go through the entire form before making the final submission. Candidates need to pay a requisite amount of application fee for the exam. The applications received without the payment will be considered invalid and incomplete.
Application Fee
The application fee structure varies according to the different level of the courses. Here is the fee to be paid by the student for appearing in ICAI examination-
Application fee for foundation course
Candidates wishing to take the test at the Indian centers must pay Rs. 1000/-. For exam center in Kathmandu, they need to pay Rs. 1700/- and for centers in Abu Dhabi, Doha, Dubai and Muscat, US $300 has to be paid.
Application fee structure for Intermediate and final course
| Groups/Course level | Intermediate course | ||
| Indian Centers | Overseas Centers | Kathmandu Centers | |
| Single Group | Rs. 1500/- | US $325 | Rs. 2200/- |
| Both Group | Rs. 2700/- | US $500 | Rs. 3400/- |
| Final Course | |||
| Single Group | Rs. 1800/- | US $325 | Rs. 2200/- |
| Both Group | Rs. 3300/- | US $550 | Rs. 4000/- |
Eligibility Criteria for ICAI 2022
It is compulsory for the applicants to fulfill the necessary requirements for appearing in the exam. The eligibility criteria for the ICAI exam is as follows-
For foundation course
Educational Qualification: Candidates should have cleared class 12th examination from a recognized board as constituted by the law in India or recognized by the central government and its equivalent.
Mandatory: Candidates must have registered themselves for the foundation course and have undergone at least four months of study period before appearing in the foundation examination. Students registered on or before 30th June/ 31st December can appear in November/ May examination.
For Intermediate course
- Candidates who have done graduation or post graduation in commerce with minimum 55% aggregate marks or its equivalent from a recognized university need not appear in the foundation course. They can directly apply for intermediate course. However, they can appear in the intermediate exam only after completing nine months of practical training.
- Those who have registered for the exam through foundation course route or intermediate examination must go through the eight months of study course before they appear for the intermediate exam for the first time.
For final course
Once the candidates clear both the groups of the intermediate examination, they can register for the final course. Such candidates can take the final exam during the last few months of the practical training. They also must have completed 4 weeks of Advanced Integrated Course on Information Technology and Soft Skills (AICITSS).
ICAI 2022 Admit Card
The admit card for all the levels of the exam will be provided on the official website of the ICAI. Candidates should thoroughly check the details printed on the admit card. If they find any discrepancy in the hall ticket they must contact the officials immediately without delay. The admit card must be brought to the exam venue or else the applicants won’t be able to take the exam.
Result
Candidates can check the ICAI 2022 result from the official website using their roll number or registration number. The authority will also provide them the marks statement i.e. the scores obtained by them in the exam. The result for all the levels of the exam will be announced separately on the website. Candidates should keep tabs on the ICAI’s website for regular updates on the exam.