Friday, January 16, 2015

ICAB Entry Criteria



ICAB Entry Criteria
The Council of the Institute of Chartered Accountants of Bangladesh in its meeting held on 27 June 2011, approved the Criteria for entry into Article-ship of the Institute.

Entry Criteria

Students having the following qualifications are eligible for Article-ship:
1. Under Graduates:
(i) SSC & HSC or Equivalent Examinations:
GPA 4 in SSC with GPA 5 in HSC
Or
GPA 5 in SSC with GPA 4 in HSC
Period of Articleship: Four (04) years.
(ii) ‘O’ & ‘A’ Levels:
-Minimum 38 points in ‘O’ Level in minimum 5 subjects & maximum 07 subjects
and
-Minimum 12 points in ‘A’ Level in maximum 03 subjects
-Points to be considered as Grade ‘A’ = 10 points, ‘B’= 6 points, ‘C’=4 points
-No point will be considered for Grade less than ‘C’
Period of Articleship: Four (04) years.
Provided that candidates securing 3As in ‘A’ Level with the necessary requirement in ‘O’ Level will have a period of Articleship of three years and six months.
(iii) ‘O’ Level & HSC:
-Minimum 38 points in ‘O’ Level in minimum 5 subjects & maximum 07 subjects
&
Minimum GPA - 4 in HSC
Period of Articleship: Four (04) years.
2. Graduates and Post Graduates:
Graduates or Post- graduates in any discipline having minimum 07 (seven) points with no third division/ third class from any recognized Board/Public University/ National University/ Private University/ Institute (as approved by University Grants Commission of Bangladesh).
Points will be determined as under:
Level
Grade/ Division
Points
‘O’ Level*
(No point will be considered for Grade less than ‘C’)
Grade Point 24 or above (minimum 5 subjects & maximum 07 subjects) as per point scale in term 1(ii) above
3
Grade Point 20 to less than 24 (minimum 5 subjects) as per point scale in term 1 (ii) above
2
SSC *
GPA 3 or above/ First Division
3
GPA 2 to less than 3/ Second division
2
HSC
GPA 3 or above / First Division
3
GPA 2 to less than 3/ Second Division
2
Graduation
CGPA 3 or above (out of 4) & CGPA 4 or above (out of 5) / First Class
3
CGPA 2.5 to less than 3 (out of 4) & CGPA 3 to less than 4 (out of 5) / Second Class
2
Post Graduation
CGPA 3 or above (out of 4) & CGPA 4 or above (out of 5) / First Class
3
CGPA 2.5 to less than 3 (out of 4) & CGPA 3 to less than 4 (out of 5) / Second Class
2
Period of Articleship: Three (03) years
* In case any candidate has passed both the examinations, either ‘O’ Level or SSC examination result (whichever earns more points) will be considered.
3. ACMA/FCMA and ACCA/FCCA
ACMA or FCMA of ICMAB and ACCA or FCCA (with no consideration of Division/ Class/CGPA in any Level of academic qualification/examination). They will be exempted from the following papers:
Professional Stage (Knowledge Level):
Accounting*
Taxation-I
Business and Commercial Law
IT Knowledge
Professional Stage (Application Level)
IT Application
* He /she will have to successfully complete a ‘Conversion Course’ on ‘Preparing Ltd. Co. Accounts’ to be organized by ICAB in order to get exemption from PS(K) accounting. Alternatively, he/she will have to pass the ‘Accounting paper.
Period of Articleship: 02 (two) years
4. This notification will become effective from 28 June 2011.
N I Chowdhury FCA
Secretary-ICAB
ALL MEMBERS OF THE INSTITUTE

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