Can I Pursue CPA While Doing My CA Articleship?

It is quite feasible to pursue the Certified Public Accountant (CPA) qualification alongside your Chartered Accountancy (CA) articleship. Many professionals seek to simultaneously acquire multiple certifications to enhance their skill set and career prospects.

Eligibility for the CPA Exam

Eligibility criteria for the CPA exam often vary by state. For instance, while BCom graduates may qualify in a few states such as Colorado, other states may require a combination of a BCom and the first year of a regular MCom program. It is important to note that both the BCom and MCom programs must be regular, not distance learning. This ensures that candidates meet the requirements for both qualifications.

ICAI Regulations

According to the ICAI (Institute of Chartered Accountants of India) Regulations, an articled or audit assistant is permitted to undertake an additional course alongside their CA articleship, provided it is approved by the Council and fulfills certain conditions. Here are the specific guidelines:

Step-by-Step Application Process

Application and Permission: Articled or audit assistants need to apply in Form 112 and obtain prior permission from the Council. Form Completion: The application must be completed in all respects and recommended by the Employer and the College Authorities if the course is a regular one. Additionally, the Certificate in Form No. 112 must be counter-signed by the college's Principal, indicating college timings and contact details. Distance Learning and Correspondence Courses: It is advised to pursue a degree through distance learning, such as the special BCom course offered by Indira Gandhi National Open University or Netaji Subhas Open University. Arts and commerce courses from Open Universities are also permitted. Prohibited Participation: Articled or audit assistants are not permitted to engage in any other course unless the current graduation course is completed through distance learning or correspondence.

Important Considerations

During working hours, articled assistants are prohibited from attending college or other institutions for pursuing any course, including graduation. College timings should be such that they do not clash with the normal working hours, factoring in the time required for commuting.

Conclusion

Based on the regulations and guidelines provided by the ICAI, if you have completed your graduation and are about to start your articleship, you can indeed pursue a CPA qualification without any detrimental impact on your articleship. It is essential to inform the Institute about your intention to pursue the CPA via Form 112.

Final Words of Advice

Take initiative in your professional journey and follow the necessary legal and organizational procedures to pursue these valuable qualifications together. Wishing you all the best for your future endeavors.

Author: Pranjal