FAQ

Is there any University providing CA Education?

No university in the world imparts CA education. For CA education, every country has its autonomous body established under the Act of Parliament, like The Institute of Chartered Accountants of Nepal for Nepal. Students have to get registered with the Board and may take private coaching classes. Mercy Education Consultancy (MEC) supports students in every procedure including registration.

What are the Boards for regulating CA Education?

There are 2 boards:
ICAN stands for The Institute of Chartered Accountants of Nepal, an autonomous body established under Chartered Accountants Act, 1997, enacted by the parliament of Nepal to regulate CA profession in Nepal.

ICAI stands for The Institute of Chartered Accountants of India, an autonomous body established under Chartered Accountants Act, 1949, enacted by the parliament of India to regulate the CA profession in India.

Can those students who have not cleared but appeared for final exams of 10+2 or Intermediate level and waiting for results join Chartered Accountancy?

Yes, the students waiting for results can also join Chartered Accountancy. They have to get registered provisionally and submit the proof of passing to the Board (ICAN or ICAI) within 6 months of registration and, the failure of which will cause the cancellation of their registration (for ICAN only). Provisional registration for CA Foundation & Intermediate under ICAN and CPT under ICAI is available.

Where can we get CA education?

CA education can now be completed in Nepal itself. Full facilities and support including coaching classes and training are available in Kathmandu at Mercy Education Consultancy. However, students should go to India for Examination and for Articleship Training under ICAI.

Is there any provision of transfer between ICAN and ICAI during studies?

No, so far there is no agreements for interchange or credit transfer between ICAN and ICAI.

What is the difference between ICAN and ICAI?

The only difference between ICAN and ICAI is that ICAN is Nepalese Board where as ICAI is Indian Board for CA education.

Is it really hard to study Chartered Accountancy as is generally understood?

As the saying says, Nothing is possible for those, who do nothing, Chartered Accountancy education requires in depth dedication and regular labor with genuine effort for the successful completion and qualifying.

Is there any restriction in number of attempts?

Under ICAN, students should complete CA Foundation and Intermediate within 5 years from the date of registration for the concerned level. Where as under ICAI, for CPT students can attempt half yearly basis with payment prescribed examination fee for each attempt. For PCC & CA Final level there is no restriction in number of attempts under ICAI and ICAN.

Can we do PhD after completing CA?

Yes. After the completion of CA course, one can do PhD subject to recognition given by concerned universities.