ICAI launch course for Tier-II accountants

The Institute of Chartered Accountants of India (ICAI) is set to offer a two-year course to train second tier of accountants familiar with basics, in the current year.

The minimum educational qualification required is Class 12 and the course fee will be around Rs 10,000, as against Rs 20,000 for a CA course.

ICAI is yet to get government approval for the course because it's a statutory body set up through an Act of Parliament.

The course will provide training in basics such as accounting, business law, taxation, cost accounting and financial management accounting, among others. The students will get on-job training under a CA for a year.

The program may also be linked to the main CA course so that a student wishing to pursue CA after completion of this course can appear in the second part of the professional competence course.

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