Chartered Accountants Ireland (CAI)

The information below applies to students graduating in or before 2027.

Summary of Possible Exemptions:

Exemptions from CA Proficiency 1 (CAP1) exams are available to students who:

(a) obtain a minimum award of 2.2.
(b) meet the thresholds specified in the table below for certain subjects:

LM050 Bachelor of Business Studies and Bachelor of Business Studies with a Modern Language (French, German, Japanese and Spanish)

CAP 1 Subject	Qualifying Modules	BBS Grade Average
Paper 1 Law for Accountants	LA4005 Legal Environment for Business LA4008 Company & Partnership Law	Minimum average 2.5; any D grade takes average below the exemption threshold
Paper 2 Finance	AC4002 Managerial Accounting FI4003 Finance AC4305 Financial Information Analysis FI4015 Corporate Finance	Minimum average 2.5; any D grade takes average below the exemption threshold
Paper 3 Management Accounting	AC4002 Managerial Accounting AC4417 Management Accounting 1 AC4418 Management Accounting 2	Minimum average 2.5; any D grade takes average below the exemption threshold
Paper 4 Financial Accounting	AC4024 Financial Accounting & Reporting AC4305 Financial Information Analysis AC4007 Advanced Financial Reporting	Minimum average 2.5; any D grade takes average below the exemption threshold
	A minimum C3 grade in module AC4001 Principles of Accounting
Paper 5 Taxation	TX4305 Taxation Theory & Practice TX4407 Corporate Taxation	Minimum average 2.5; any D grade takes average below the exemption threshold

LM020 Bachelor of Arts in Law & Accounting (Honours Bachelor Degree)

CAP 1 Subject	Qualifying Modules	Grade Average (BA Law & Accounting)
Paper 1 Law for Accountants	LA4022 Commercial Law LA4530 Company Law 1 LA4540 Company Law 2	Minimum average 2.5; any D grade takes average below the exemption threshold
Paper 2 Finance	AC4002 Managerial Accounting FI4003 Finance AC4305 Financial Information Analysis FI4015 Corporate Finance	Minimum average 2.5; any D grade takes average below the exemption threshold
Paper 3 Management Accounting	AC4002 Managerial Accounting AC4417 Management Accounting 1 AC4418 Management Accounting 2	Minimum average 2.5; any D grade takes average below the exemption threshold
Paper 4 Financial Accounting	AC4024 Financial Accounting & Reporting AC4305 Financial Information Analysis AC4007 Advanced Financial Reporting	Minimum average 2.5; any D grade takes average below the exemption threshold
	A minimum C3 grade in module AC4001 Principles of Accounting
Paper 5 Taxation	TX4305 Taxation Theory & Practice TX4007 Taxation for Corporates	Minimum average 2.5; any D grade takes average below the exemption threshold

How to Check your Progress
If you would like to know your progress towards qualifying for an exemption from any CAP1 paper, you can do so by using the appropriately attached spreadsheets:

BBS (A&F): CAI CLAIM Form 2020 - 2027
BA Law & Accounting: CAI CLAIM Form 2020 - 2027

Bachelor of Business Studies / Bachelor of Arts in International Business – Exemption arrangements (Graduates from 2028 onwards)

CAP 1 Subject	Qualifying Modules	BBS Grade Average
Paper 1 Law for Accountants	LA4005 Legal Environment for Business LA4008 Company & Partnership Law	Minimum C2 grade Minimum C1 grade
Paper 2 Finance	AC4002 Managerial Accounting FI4003 Finance AC4305 Financial Information Analysis FI4015 Corporate Finance	Minimum C2 grade Minimum C2 grade Minimum C2 grade Minimum C1 grade
Paper 3 Management Accounting	AC4002 Managerial Accounting AC4417 Management Accounting 1 AC4418 Management Accounting 2	Minimum C2 grade Minimum C2 grade Minimum C1 grade
Paper 4 Financial Accounting	AC4001 Principles of Accounting AC4024 Financial Accounting & Reporting AC4305 Financial Information Analysis AC4007 Advanced Financial Reporting	Minimum C2 grade Minimum C2 grade Minimum C2 grade Minimum C1 grade
Paper 5 Taxation (ROI)	TX4305 Taxation Theory & Practice TX4407 Corporate Taxation	Minimum C2 grade Minimum C1 grade

Bachelor of Arts in Law & Accounting – Exemption arrangements (Graduates from 2028 onwards)

CAP 1 Subject	Qualifying Modules	BBS Grade Average
Paper 1 Law for Accountants	LA4001 Legal System and Method LA4111 Contract Law LA4310 Law of Torts LA4022 Commercial Law LA4530 Company Law 1 LA4540 Company Law 2	Minimum C2 grade Minimum C2 grade Minimum C2 grade Minimum C2 grade Minimum C2 grade Minimum C1 grade
Paper 2 Finance	AC4002 Managerial Accounting FI4003 Finance AC4305 Financial Information Analysis FI4015 Corporate Finance	Minimum C2 grade Minimum C2 grade Minimum C2 grade Minimum C1 grade
Paper 3 Management Accounting	AC4002 Managerial Accounting AC4417 Management Accounting 1 AC4418 Management Accounting 2	Minimum C2 grade Minimum C2 grade Minimum C1 grade
Paper 4 Financial Accounting	AC4001 Principles of Accounting AC4024 Financial Accounting & Reporting AC4305 Financial Information Analysis AC4007 Advanced Financial Reporting	Minimum C2 grade Minimum C2 grade Minimum C2 grade Minimum C1 grade
Paper 5 Taxation (ROI)	TX4204 Capital Taxation TX4305 Taxation Theory & Practice TX4007 Taxation for Corporates	Minimum C2 grade Minimum C2 grade Minimum C1 grade

Missed out on Exemptions?

It may happen that, having verified your exemptions entitlement, you have not secured an exemption from all the CAP1 papers. In such circumstances, it may be possible to undertake the CAI exam as an external student for the CAP1 paper(s) on which you missed out. These exams are normally held by the CAI in May and September.

To apply to sit as an external student, simply complete the CAI Application Form (External Entry), ensuring that it is stamped by Student Academic Administration as appropriate. Submit the complete form (together with the appropriate fee and any requested documentation) to the CAI before the deadline for the appropriate sitting.

Information and Contact Details:

Chartered Accountants Ireland
Chartered Accountants House
47-49 Pearse Street
Dublin 2
Tel:    +353 (0)1 637 7200
Fax:   +353 (0)1 668 0842
Email: kelda.lewis@icai.ie
Web:   http://www.charteredaccountants.ie/General/About-Us/Chartered-Accountancy/Becoming-a-CA/Exemptions/