Applicable Routes
The current applicable routes to become a chartered accountant are:
- Modular Foundation Course (MFC) Scheme
Full time study of two years at a Registered Accounting Education Tutor (RAET) for Foundation and Intermediate examinations, followed by four years training with a chartered accountant firm. During training period, the students will be eligible to sit in the final examinations. Minimum education requirement to enrol for MFC is HSC / A levels. - Direct Graduate Training Scheme
University graduates will directly register with a chartered accountant firm for five years training period. Graduates with first division (or equivalent grade) will be exempted from PPT, while graduates with second division (or equivalent grade) will be required to pass PPT before starting training period. During the training period students will be eligible to sit in the Foundation, Intermediate and Final examinations. - Post Graduate Trainee Scheme
Available to students having masters degree (minimum 2nd division) only. They will directly register with a chartered accountant firm for four years training period. During the training period students will be eligible to sit in the Foundation, Intermediate and Final examinations - Private Graduate Scheme
Available to university graduates (minimum 2nd division) only. Graduates with first division (or equivalent grade) will be exempted from PPT, while graduates with second division (or equivalent grade) will be required to pass PPT to register as Private candidate (PFC).
On successful completion of the training period and passing all examinations, the students would be eligible to become members of ICAP.
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