The current applicable routes to become a chartered accountant are:

Modular Foundation Course (MFC) Scheme - full time study of two years at a Registered Accounting Education Tutor (RAET) for Foundation and Intermediate examinations, followed by four years training with a chartered accountant firm. During training period, the students will be eligible to sit in the final examinations. Minimum education requirement to enroll for MFC is HSC / A levels.

Direct Graduate Training Scheme - school graduates will directly register  with a chartered accountant firm for five years training period. Graduates with first division (or equivalent grade) will be exempted from PPT, while graduates with second division (or equivalent grade) will be required to pass PPT before starting training period. During the training period students will be eligible to sit in the Foundation, Intermediate and Final examinations.

Post Graduate Trainee Scheme - Available to students having masters degree (minimum 2nd division) only. They will directly register with a chartered accountant firm for four years training period. During the training period students will be eligible to sit in the Foundation, Intermediate and Final examinations.

Private Graduate Scheme - Available to school graduates (minimum   2nd division) only. Graduates with first division (or equivalent grade) will be  exempted from PPT, while graduates with second division (or equivalent grade) will be required to pass PPT to register as Private candidate (PFC).

On successful completion of the training period and passing all examinations, the students would be eligible to become members of ICAP.

The transitional provisions for all existing examinees have been printed in Transitional Provisions Pamphlet. All students / candidates / examinees are advised to obtain the said pamphlet from ICAP Offices.