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Chartered Accountant foundation course is the first and entry-level course by the Institute of Chartered Accountants of India, earlier known as the Common Proficiency Test. Candidates can appear for this exam only after passing 12th standard examinations. They are required to register online by filling up the form available on the ICAI website. The CA Foundation course is valid only for three years. Students having an equivalent degree who are graduates and post-graduates are exempted from the requirement this course holds. Commerce students with 55% marks and other students from different streams with 60% marks can directly take admission in the CA intermediate course.