5 students of Rahmani-30 clear prelim of chartered accountancy

Patna - 22 Jan 2012: Five students of Rahmani-30 have cleared the first test of chartered accountancy. The preliminary test was held in December 2011, and the results were declared on 18th Jan. 2012. In all, seven students of Rahmani-30 coaching centre had sat for the test.

Rahmani Foundation of Munger (which runs Rahmani-30 residential coaching centre in Patna) had in 2010 set up a study centre for aspiring chartered accountants in Pune in collaboration with Ummul Qura Education Foundation.

For preparation of chartered accountant course session 2011-15, ten students had taken admission at the Pune study centre. In first year, 3 students cleared the preliminary and now five out of seven did the same.

This year's five successful candidates are: Afaque Hussain (Kolkata), Md. Fakhrul Hasan (Muzaffarpur), Md. Shahbaz Anwer (Patna), Mir Akif Hussain (Bhagalpur), Md. Daniyal Ansari (Asansol).

In India the profession of Chartered Accountancy is regulated by the Institute of Chartered Accountants of India (ICAI) which was established by Parliament under the Chartered Accountants Act of 1949. Since then, the term Chartered Accountant has been used in Place of Indian Registered Accountant.

The ICAI is responsible for examinations and licensing of its members. ICAI is the second largest body of professional accountants in the world, with more than 160,000 registered members. In order to qualify as a CA students are expected to pass 3 levels of examinations as well as undergo 36 or 42 months of training under a practicing CA.