Exam info: CAP2 (CA Proficiency 2)

Changes to the CAP2 interim assessment

The Financial Reporting interim assessment is now worth 15% rather than 10%.  For those who have previously sat the FR interim assessment and wish to carry over their original mark, your mark will automatically be reweighted out of 15%.  For example if your original interim assessment mark was 7%, your new mark will be reweighted to 11%.  The main exam will now be 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 https://www.charteredaccountants.ie/docs/default-source/dept-exams/final-cap2-competency-statement-2018-2019.pdf?sfvrsn=0 and page 25 highlights 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)



CAP2 Autumn 2018 - what to expect on results day

CAP2 2018 Autumn results will be available online from 8am on Friday 9 November 2018. 

Staff will be on hand from 8am to 4pm to answer any queries you may have on 01-5233926

To view your results online: login with your username and password.  Select current students - exam results.

Interim assessments for Audit, Financial Reporting and SFMA are included in your result.

Exam result letter

Students can download their result letter on their student portal.  The letter can be found underneath your exam results.  The letter will consist of a percentage mark for each paper and a Pass or Fail per paper.

All CAP2 papers are marked out of 100. 

The attachment below will fully explain how to access your results letter.

Appeals and Information Scheme

Details on the Appeals & Information Scheme are attached below.

Under the scheme, a Student whose result falls into the category of CREDIT or FAIL may apply for any of the options listed above.

Important Closing Dates:

Next available sitting for CAP2 Summer 2019 is 25-28 June 2019.

Appeals & Information Scheme close of business Friday 16 November 2018.

Repeating SFMA and/or FR interim assessments – close of business Friday 16 November 2018.  Any applications received after close of business Friday 16 November will not be accepted under any circumstances.

CAP2 Summer exam enrolment – close of business Friday 16 November 2018.  Enrolments for the Summer 19 exams will re-open in January 2019.

All enrolments and appeals applications must be made through your student portal no late applications will be accepted.

CAP2 Autumn 2018 interim assessment examiner reports

These reports can be found in the Exam results statistics page

CAP2 Autumn 2018 exam will take place 2nd - 5th October 2018

Exam enrolment for CAP2

Students on an educational program for CAP2 will automatically be enrolled for their first sitting of the CAP2 exams.

Students needing to repeat an exam at CAP2 will need to enrol on the exam through our website.

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 2019

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

Exam results

The results for the CAP2 exams and interim assessments will be published on the Exam Results page in the Student Centre area.

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.

Exam and interim assessment calendar 2019 for CAP2

Session Closing date Examination held Results date
Summer assessment - Strategic Finance and Management Accounting 30 November 2018  12 January 2019  23 February 2019
Summer assessment - Financial Reporting 30 November 2018  12 January 2019  23 February 2019
Summer assessment - Auditing and Assurance 19 December 2018  6 April 2019  18 May 2019
Summer exam 30 November 2018 25-28 June 2019  16 August 2019
Autumn assessment:
Financial Reporting (DUBLIN ONLY)
 26 July 2019 7 September 2019  27 September 2019
Autumn assessment:
Audit & Assurance (DUBLIN ONLY)
26 July 2019 7 September 2019 27 September 2019
Autumn assessment:
Strategic Finance & Management Accounting (DUBLIN ONLY)
26 July 2019 7 September 2019 27 September 2019
Autumn exam 30 August 2019 1-4 October 2019 15 November 2019

Exam timetable: CAP2 2019 Summer session

Paper Subject Date Day Time
4 Tax ROI & Tax NI 25 June 2019 Tuesday 9:30am - 1:20pm
1 Audit & Assurance 26 June 2019 Wednesday 9:30am - 1:20pm
2 Strategic Finance & Management Accounting 27 June 2019 Thursday 9:30am - 1:20pm
3 Financial Reporting 28 June 2019 Friday 9:30am - 1:20pm

Exam timetable: CAP2 2019 Autumn session

Paper Subject Date Day Time
4 Tax ROI & Tax NI 1 October 2019 Tuesday 9:30am - 1:20pm
1 Audit & Assurance 2 October 2019 Wednesday 9:30am - 1:20pm
2 Strategic Finance & Management Accounting 3 October 2019 Thursday 9:30am - 1:20pm
3 Financial Reporting 4 October 2019 Friday 9:30am - 1:20pm

Interim assessment timetable: CAP2 2019 autumn session (Dublin ONLY)

Subject Date Day Time
Strategice Finance and Management Accounting 7 Sept 2019 Saturday 10:00am - 11:30am
Financial Reporting 7 Sept 2019 Saturday 12:30pm - 2:00pm
Auditing and Assurance 7 Sept 2019 Saturday 3:00pm - 4:30pm

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.


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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