The Institute of Chartered Accountants of India (ICAI) has approved a study period relaxation for candidates attempting the intermediate test in May 2022 clearing the foundation examination in July 2021.
On September 13, the ICAI CA July 2021 foundation exam result was announced. All CA candidates who have passed the foundation test are eligible to sit for the final exam, which will be conducted in May 2022. These students have till November 1 to register for the intermediate exam.
'In order to remove hardship caused to the students due to postponement of May, 2021 Foundation Examination,
the competent authority has decided that the students who have cleared July, 2021 Foundation Examination are required to register in the Intermediate Course till November 1, 2021 in order to appear in May, 2022 Intermediate Examination. Such students are hereby allowed to appear in the Intermediate Examination to be held in May, 2022 after completion of six months study period in place of the eight month study period,' Director, Board of Studies, ICAI has said.