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After Graduation, is Passing CPT is Justified??

Rahul Gupta (Project Controller ACA MBA(Fin.)) (8019 Points)

26 May 2010

Dear All Friends and respected Members,

I have one question from all the Professional Members and Candidates regarding the CA CPT Exams.

For entry in CA Course, we are required to Clear CPT exam. Even, after passing graduation, we still required to pass the CPT in order to pursue CA. Do you think it is worthy and not harsh on the part of the ICAI for the graduates.

In short do you favor that CPT should be exempted for a person joining CA Course after graduation??

Please, let me know your views about this. I don’t know whether we had such discussion in the past or not, if you are ware of any such discussion, then please post the link here so that many of us came to know the view of others.

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38 Replies

CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 26 May 2010

not justified........

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ca dipti sharma (not yet) (259 Points)
Replied 26 May 2010

It is totaly wrong to give CPT exam after your Graduation.

Totaly Agree with Mr Rahul Gupta

(Guest)

No it is not justified, but at the same time it is also true that no one can do anything in this matter though India is a democratic country.

1 Like

Rahul Gupta (Project Controller ACA MBA(Fin.)) (8019 Points)
Replied 26 May 2010

Originally posted by : ܔܢܜܔ D1p35h♠♠♠
	No it is not justified, but at the same time it is also true that no one can do anything in this matter though India is a democratic country.

Dipesh, thanks for your view. But i still think we can do something. Lets try together.I don't know whether this has been done previously or not, but if not then we can try. After all, hope pertains till the last.

For me, i never noticed this thing, i just thought that CPT is introduced and after 10th you can give exams. But even after your graduation , it is compulsory that I was not aware. During my days, it was not so.

I hope we all together can do soemthing. At least we can try. Hope for the best.....

Prateek (B.Com(H) PGDBA CA Final) (436 Points)
Replied 26 May 2010

since the introduction of CPT ICAI is looking for every other opportunity of earning money

Introduction of CPT,PCC,Fees Hike in CPT,Conversion process PE II to PCC to IPCC

Making like easy for their Fellow Members by giving them articles with stipend Rs1000

iss se jyada to mazdoor kama lete hai..

kab ye atyaachar band hoga students par

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DEEPIKA GOEL (C.A) (419 Points)
Replied 26 May 2010

I completely agree with rahul but its not as easy to skip again to another scheme. We already had a talk with current president of ICAI and he told us that we completely agree that ICAI is wrong in this point.

But for changing the course scheme they have to take approval from the govt. And if we see the trend from last 4-5 years, ICAI had already made frequent changes in ICAI course scheme. If again dey vl presnt a new scheme with govt., it would leave wrong impression of ICAI.

So, its better for us to continue this scheme for some time. After that, the ICAI should change this scheme and its really rubbish to give CPT exam after graduation.

Rahul, really thanks for such a lovely discussion.....keep going on......

Bala (Student) (498 Points)
Replied 26 May 2010

Will it be fair enough to allow a person to appear directly in Cs inter or Cwa inter if he passes Ca inter...

Prateek (B.Com(H) PGDBA CA Final) (436 Points)
Replied 26 May 2010

its impossible Bala its a long time tussle b/w ICAI vs ICWAI vs ICSI

Rishab Mathur (M.com, CA) (111 Points)
Replied 26 May 2010

@ Bala

It would fair enough to do so, however, it is difficult to bring all the three institutes on the same page. Even I would like to go a step furthur to even exempt papers from inter & final based on your prior qualifications. but it requires the representatives of the three institutes to swallow the false pride which becomes difficult in the scenario where our institute is not even recognising the basic academic qualifications of the candidates

Bala (Student) (498 Points)
Replied 26 May 2010

Originally posted by : PRATEEK
	its impossible Bala its a long time tussle b/w ICAI vs ICWAI vs ICSI

They should compromise and mutually they should get into an undertaking...bcz preciosu period of abt 1 or 2 yrs of students are spent... They dont care abt students but they do abt their status..

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CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 26 May 2010

RAHUL JI YOU ARE SAYING FOR GRADUATION.......BUT I WOULD LIKE TO ASK IS JUSTIFIED THAT EVEN A ICWA & CS FINAL PASS OUTS ALSO REQUIRED TO GO THROUGH CPT IF THEY WANT TO PURSUE CA. IT IS REALLY HARSH AND UNJUSTIFIED. IT IS JUST LIKE ASKING A GRADUATE OR ICWA OR CS TO APPEAR FOR EXAM ON BOOK KEEPING. MAY BE JUST A PROCESS TO EARN MONEY.

ICWAI & ICSI ARE MUCH BETTER AND PROFESSIONAL IN THIS REGARD.

Rahul Gupta (Project Controller ACA MBA(Fin.)) (8019 Points)
Replied 26 May 2010

Originally posted by : Rishab Mathur
	@ Bala It would fair enough to do so, however, it is difficult to bring all the three institutes on the same page. Even I would like to go a step furthur to even exempt papers from inter & final based on your prior qualifications. but it requires the representatives of the three institutes to swallow the false pride which becomes difficult in the scenario where our institute is not even recognising the basic academic qualifications of the candidates

Mr Sanjay. I agree with your point, but i a think reply to ur q is included in the reply asnwerd by Mr Rishab. tagged here.

The absence of co-ordination between the three instiutes is the present secnario..lets c how it will works in future.......

Vikas Kumar Manjhi (Manager Finance Transformation) (622 Points)
Replied 27 May 2010

Well I had the same doubt after Graduating from a Regular College I Have to appear in CPT Exam...

Worst part is, before CPT was introduced the rule was if your're a GRADUATE then you will be landing directly to PREFESSIONAL EDUCATION --II but now a person even after completing Graduation or Masters for that matter have to clear CPT which is a shame to his KNOWLEDGE & EXCELLENCE ...

Really appreciate your efforts RAHUL..

CA Shiv (Business Controller) (2987 Points)
Replied 27 May 2010

Hello, Everyone.....

welll different views are expressed in the topic concerned...

Now we have already cleared our CA and we are not in the loop for the studies.. Still Mr. Rahul suggested to help the fellow students ,who will be pursuing CA...

@ Bala: Your View expressed in Interesting... Now lets think practically... Please check all the subjects which are taught in CWA, CS, CA in Inter and CPT respectively... Do you think they are same and the level of knowledge required to pass the exams is same? I dont think so... Subject may be same but not the topics....

If we are studying some professional course than we should have thorough knowledge of the subject... Like in CA it has to accounts and finance, in CWA costing, and in CS is the Law...

Thankfully CS and CWA have tie up for exemption of certain subjects as in that subject knowledge is not deeply required. And CA is a formed by the act of parliaments and CA support the finance and tax laws system. They wont think for the students as you have to be master in the subject if you want to termed yourself as PROFESSIONAL.......

@ In Relation to the Topic:

Even i was thinking that CPT is not compulsory and graduates can enter in IPCC directly. But today only i came to know that the case is different. Well even i can say that definately it is wrong and have to be changed. And i support Mr. Rahul and Mr. Rishabh....

Now lets think practically....

Do you know if ICAI wants to change any rules how much permission it requires: Permission of Board, President of ICAI, Members of ICAI ( if related to Members through an open Poll), and least but not the last is Approval from 2 houses of Parliament.

And why we forget that it is also an institution which is made up of Money power. Introduction of CPT and making compulsory is the best way to print the money... Everybody have to enroll and apply for exams... So loads of money....

NOW ANYONE THINKING CPT SHOULDNOT BE COMPULSORY FOR GRADUATES?