ICAI needs more time from SC to check the availability of CA Exam 2020 Centres. The Chartered Accountancy examination is scheduled to be held between July 29 and August 16. Most students have demanded that the exams are postponed in view of the COVID19 crisis and also the board had received several emails and requests from candidates regarding cancellation of exams due to the Covid-19 pandemic. ICAI needs more time from SC to check the availability of CA Exam 2020 Centres. Follow us to get daily updates.
The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India. ICAI is the second largest professional Accounting & Finance body in the world. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India. It recommends the accounting standards to be followed by companies in India to National Financial Reporting Authority and sets the accounting standards to be followed by other types of organizations.
Final Decision on July 10:
Previously, the Institute of Chartered Accountants of India (ICAI) said that students can opt-out of the July exam and carry forward their candidature to the November exam. For students who choose not to opt-out of the exam. The ICAI will inform the Supreme Court about its final decision on July 10 after consulting with all states. “It is mindful of spike in Covid-19 cases in various states and might not go ahead with the exam,” said the ICAI.
The bench comprises of justices AM Khanwilkar, Dinesh Maheshwari, and Sanjiv Khanna who adjourned the hearing in the case till next week after the Institute asked for more time to figure out the feasibility of conducting the CA exam.
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