The Institute of Chartered Accountants of India (ICAI) has introduced an additional exam fee of Rs 500 for the Self-Paced Online Module (SPOM) test. This test is part of the new Scheme of Education and Training launched on July 1, 2023, and aims to enhance the flexibility and accessibility of the examination process for candidates. Understanding the implications and requirements of this fee is essential for all aspiring Chartered Accountants.
Self-Paced Online Module (SPOM) Test:
The SPOM test consists of two modules:
- Module A: Corporate & Economic Laws
- Module B: Strategic Cost and Performance Management
Candidates must complete prescribed learning hours for these modules through the ICAI’s online learning portal before taking the SPOM test. The test is mandatory for candidates who have passed both groups of the Intermediate Examination to be eligible to appear for the Final Examination.
Exam Fee and Registration:
An additional exam fee of Rs 500 has been imposed for candidates taking the SPOM test in India. The fees vary for candidates appearing from other locations:
- Nepal/Bhutan: Rs 850
- Abu Dhabi/Bahrain/Doha/Dubai/Muscat/Kuwait: USD 150
Candidates can register for the SPOM test through the ICAI’s SSP login portal and select their preferred exam date, city, and slot from a comprehensive list of options. This flexibility empowers candidates to choose a testing schedule that aligns seamlessly with their commitments.
Implementation Guidelines:
The Examination Department has provided the following guidelines for candidates:
- Online Learning Hours: Complete the required learning hours through the ICAI learning portal.
- Registration: Register for the SPOM test using the SSP login credentials.
- Exam Fee Payment: Pay the additional fee of Rs 500 (or equivalent) during registration.
- Test Centers: The SPOM tests are computer-based and will be conducted at specified test centers.
Benefits of the SPOM Test:
The introduction of the SPOM test aims to provide several benefits to candidates:
- Flexibility: Candidates can choose their exam date and location based on their convenience.
- Accessibility: The online modules and computer-based tests make the process more accessible.
- Enhanced Preparation: The self-paced nature allows candidates to prepare thoroughly before taking the test.
Conclusion:
The additional exam fee of Rs 500 for the SPOM test is a significant update for all ICAI candidates. By understanding the requirements and benefits of this new testing format, candidates can better prepare for their exams and progress toward becoming Chartered Accountants. Following the provided guidelines and ensuring timely registration and fee payment is essential to avoid any last-minute hassles.