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Common Proficiency Test (CA CPT) scrapped by ICAI for Graduates & PGs

CPT was conduted by the Institute of Chartered Accountants of India (ICAI) as an entry level test for Charted Accountancy Course

The The Institute of Chartered Accountants of India (ICAI) has scrapped the Common Proficiency Test (CPT) and reverted to its old scheme of allowing graduates and post-graduates join the CA course without appearing for the entrance test.This change has been effected from August 1 as reported by the Hindu Businessline

ICAI Officials feel that “It will be a great opportunity for graduates and post-graduates, aspiring to pursue the CA programme. Clearing the entrance (CPT) exam was mandatory till July 31. Now the qualifying candidate can register and complete the course within three and half years subject to passing all the exams and completing the training programmes in the first attempt,” said Jalapathi, Chairman of the Coimbatore branch of SIRC – ICAI (Southern India Regional Council)

This scheme will enable graduates/post-graduates register for the Integrated Professional Competence Course directly.

After registering for the said course, students will have to undergo three years of training under a practicing Chartered Accountant. They will be eligible to appear for the IPCC exam after completion of nine months of training.

The students will also have to complete the 100 hours of Information Technology Training Course and the 35 hours of orientation course before appearing for the exam.

Common Proficiency Test (CPT) was open only to those students who are already registered with the Institute of Chartered Accountants of India for the said course and fulfill the requisite eligibility conditions.

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The last Common Proficiency Test (Paper- Pencil Mode) was held on 13th December, 2015, Sunday in two sessions

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