Exam info: CAP2 (CA Proficiency 2)

CAP2 Auditing and Assurance interim assessment - shortlist of Financial Statement areas

The shortlist of Financial Statement areas will be published here on Wednesday 4 March.  They will also be emailed to all students who are enrolled onto the Audit interim assessment taking place on 4 April 2020.

CAP2 January 2020 SFMA and FR interim assessment results

For those students who sat the CAP2 January 2020 interim assessments for SFMA and FR, these results will be published on your student portal on Friday 14 February.

All results are classed as a pass and the result awarded for the interim assessment is final.  The result you will see is weighted, so if you see, for example a final result of 7, this means that you achieved 7% out of 15%, and the result of 7% will be carried over to your main exam.  The main exams for FR, SFMA and Audit are all weighted out of 85% regardless of whether you sat the interim assessment.    

CAP2 Summer 2020 - exam enrolment window has reopened

Students who have not yet enrolled to repeat any of the CAP2 Summer 2020 exams or the Audit interim assessment that is being held in April 2020*, have until close of business 16 February 2020 to do so.

This is the final exam enrolment window for the Summer 2020 exams and all enrolments need to be made via your student portal.  No late entries will be accepted after this closing date.

Any queries please contact cap2exam@charteredaccountants.ie


*(repeating the assessment is optional, if you choose not to do so, your last recorded mark will be carried over to the main exam)

Changes to the CAP2 interim assessment

From academic cycle 18/19, the Financial Reporting interim assessment will be worth 15% rather than 10%.  For those who have previously sat the FR interim assessment (pre academic cycle 18/19) and wish to carry over their original mark, your mark will automatically be reweighted out of 15%.  For example if your original (pre academic cycle 18/19) interim assessment mark was 7%, your new mark will be reweighted to 11%.  The main exam is now reweighted to 85%.

There will no longer be any pre-seen material for the SFMA interim assessment.  The competency statement can be found on the following link  and lists the examinable topics.  For avoidance of doubt, these topics are:

Investment decisions (2.1)
External sources of finance (2.2)
Company valuation (2.5)
Budgeting (4.4/4.5/4.6)
Variances (excluding advanced variances) (4.7)

Exam enrolment for CAP2

Students under a training contract will automatically be enrolled for their first sitting of the CAP2 exams by their firm.  Students needing to repeat an exam at CAP2 will need to enrol via their student portal.

Students need to be aware that late exam enrolments are not permitted once the closing date for exam entry has passed.

Reciprocal Exam Enrolment

Students wishing to sit CAP2 Taxation examinations as a reciprocal student will need to request an application form from the Examinations department.

Please click here to contact the CAP2 Exam Executive to request an application form

Assessment at CAP2

Assessment at CAP2 will continue with a blend of interim assessment and traditional examinations.  As in CAP1, an overall mark of 50% will be required to pass each paper (combination of interim assessment and examination).  Candidates are advised to consult the relevant examinations publications for specific regulations governing the operation of interim assessment and examinations.

The examination papers at CAP2 will be of three and a half hours duration and include a compulsory case study element.  All examinations at CAP2, except for Taxation II, will be on a full open book basis (as per table below).

A modular approach is available at CAP2 (whereby students may sit two subjects at a time, rather than take all four subjects together). Please refer to the relevant examinations publications for specific regulations in this regard.

Paper Subject Interim assessment Examination
Weight Description Weight Description
Paper 1 Audit & Assurance 15% Practical audit assignment 85% three and a half hour exam paper (open book)
Paper 2 Strategic Finance & Management Accounting 15% Assignment based on pre-seen material and some personal research 85% three and a half hour exam paper (open book)
Paper 3 Financial Reporting 15% n/a 85% three and a half hour exam paper (open book)
Paper 4 Taxation II n/a n/a 100% three and a half hour exam paper (closed book)

Cost of CAP2 exams 2020

CAP2 Summer & Autumn main sitting exam fee per paper €115/£99
CAP2 Interim Assessments (SFMA, Financial Reporting & Audit & Assurance) €60/£52

Enrolment deadlines:
CAP2 Summer 2020 (second enrolment) 31 January - 16 February 2020*
This will be the final opportunity to enrol for the Summer 2020 exams
*you will also be able to enrol to repeat the Audit interim assessment in April 2020 if necessary

Recommended downloads: CAP2

Exam and interim assessment: calendar and timetables for CAP2

  • Papers 1, 2, 3, 4: Exam duration is three and a half hours per paper.
  • In the Tax paper, candidates may choose to sit either the Republic of Ireland (ROI) or the Northern Ireland (NI) version of the paper.

Recommended education/study leave

The Institute recommends that training firms provide time off to their students to present for examination.  The recommended education/study leave is intended to accommodate attendance on education courses, e.g. block release, and private study.

The following recommendations are made in relation to education/study leave for those preparing as first attempt candidates for the CAP2 exams:

Paper Recommended study leave Exam leave
Papers 1, 2, 3, 4 seven and a half working days per subject one day (on day of exam) per subject
Any repeat/resit exam n/a one day (on day of exam) per subject
Excludes interim assessment resits

NOTE: Recommended education/study leave is exclusive of time required to sit the examination.  Additional time off for sitting examinations is also recommended.

Please ensure you update your email address via the Profile page if you are going on study leave.  There will be several important notifications being circulated in relation to the exams shortly before the exams and it is in your best interest to have this information as soon as it is circulated.  This will include your exam notification letter with your exam number which must be presented during registration each day of your exams.

Exam centre

By default, you will be registered at the centre where you attend the course. 

If you wish to change your exam centre, you must do so online before the deadline below.  It is YOUR responsibility as a student to ensure that you have made any changes before this deadline as changes cannot be made once the deadline has passed.

Deadline for requests - TBA


Number of attempts

Students may make a maximum of six attempts over three consecutive years.  The first sitting will normally be made at the summer session.  If a student does not present or defers a sitting, this sitting will be classified as a forfeited attempt.

Adjudication of results

  1. Candidates are required to pass each subject independently.
  2. In order to pass each subject, the candidate must achieve a minimum of 50% or better (based on amalgamation of any applicable interim assessment component and the examination paper)
  3. Independent passes in each subject are referred to as credits. Where a candidate obtains a credit in every subject in the combination of subjects sat, his result will be adjudicated as Pass.

Extenuating circumstances affecting exam performance

If there are medical or other extenuating circumstances which you wish to have considered by the Professional Examinations Committee (PEC) at adjudication please complete and return the Medical Special Circumstances Application Form below together with supporting evidence.  This form should only be submitted after an examination session within ten working days of the final exam to the following address:

Chartered Accountants Ireland
Exams Department
47-49 Pearse Street
Dublin 2

Have a Query?

If you have a query, please refer to our Support & Services page and contact the relevant department with your query.

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