ICAI to Scrap Common Proficiency Test (CPT) from August 2012 Onwards

The Institute of Chartered Accountants of India has recently announced that it has revoked the Common Entrance Test (CPT) which used to be held for entry to the Chartered Accountancy course. Students who are interested in joining the course are required to wait for the details of registration formalities and of transitional scheme including fee payable and registration form which will be announced by ICAI around 16th August 2012.


The eligibility for exemption for graduate and postgraduate is mentioned below:

• Graduates or Post graduates in Commerce having secured a minimum aggregate of 55% in examination conducted by any recognized university studying any three papers of 100 marks from Accounting, Auditing, Mercantile Law, Corporate Law, Economics, Management (including Financial Management), Taxation (including direct tax laws and indirect tax laws), Costing, Business Administration or Management Accounting.
• Graduate or postgraduate securing minimum aggregate of 60% from any recognized university.
• Any candidate who has passed the intermediate examination conducted by ICAI set up or by Institute of Company Secretaries.

Keep watching the space for more information on the CPT notification.

Source: Official website of ICAI

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