The Institute of Chartered Accountants of India (ICAI) has opened a new career option for unsuccessful candidates aspiring to become chartered accountants.

At least a lakh candidates, who have cleared the CA inter examination can now become accounting technicians without attending the mandatory one-year course.

The accounting technician course proposed for launch by ICAI will now cover candidates who could not clear their final examinations for CA. The technicians will be absorbed in the accounting and finance departments directly , assisting the chartered accountants.

 ICAI has already proposed to the Union ministry of corporate affairs to go ahead with the launch of the new course. It is expecting the Centre to give the necessary clearances in the next couple of months.

According to the proposal, a student will be required to register for the entrance examination after passing his 10th grade examination. The eligible candidates will be required to attend classes and undergo IT training. After successful completion of the studies and IT Training, students can appear for the examination, any time after nine months of registration.