ICAI – Clarification regarding Date of Completion of First/ Second year of Practical Training for Practical Training Assessment Test – (20-08-2018)

 

CA Study Usher

Students may note that for the purpose of appearing in Practical Training Assessment test, the first/ second year completion date would be calculated as one year/ two years after the date of commencement of practical training irrespective of excess leaves.

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For instance, if a student has commenced practical training on July 1, 2017, taken leaves from January 1, 2018 to February 1, 2018, his/ her first year completion date for the purpose of assessment test would be considered as June 30, 2018 and second year completion date as June 30, 2019.

However, in case of termination/ transfer, the time gap during transfer from one principal to another principal will not be included in calculating first/ second year of practical training. For instance, if a student has commenced practical training on July 1, 2017, taken transfer on January 1, 2018 and then joined new Principal on February 1, 2018, his/ her first year completion date for the purpose of assessment test would be extended to July 31, 2018 and second year completion date as July 31, 2019.

Director, Board of Studies

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