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Regarding cpt exemption

27 October 2011

Hi All,

Whether CPT Exemption for graduates/Inter-CWA/Inter-CS is approved by the Government or Ministry of Corporate Affairs. If so when can we expect an formal communication from the same and I have made an normal enquiry with local regional office, came to know that nothing been approved so far.

Could anyone help me in this please.. ?

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6 Replies

CA VISHAL RANA,CS,B.Com,AMFI (Chartered Accountant in Whole Time Practice) (4354 Points)
Replied 27 October 2011

No notification from ICAI till now....wait for 2 or 3 months

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sujana (nil) (22 Points)
Replied 09 December 2011

I HEARD THERE IS CPT EXEMPTION FOR B.COM GRADS, CAN ANYONE LET ME KNOW IF THIS WILL BE IMPLIMENTED AFR 2 MONTHS?????

sujana (nil) (22 Points)
Replied 09 December 2011

CAN ANYONE LET ME KNOW HOW TO CONTACT CA COMMITTEE TO KNOW ABOUT NON-CPT AMENDMENT?

RG - A Helping Hand (Company Secretary) (13867 Points)
Replied 09 December 2011

CPT Exemption Proposal

In the expert section a common query is whether CPT is still mandatory to qualify to reach IPCC level?

Yes…Passing CPT is still mandatory to touch IPCC level as the exemption from CPT not yet approved by the Govt.

ICAI Proposal:

But as per new Entry Requirement for CA Course, which is yet to be approved by Central Government, candidates who have passed the intermediate level examination of ICWAI/ICSI are exempted from CPT and they will be allowed to join articleship training only after passing first group (Group I) of IPCC examination.

Extracts of - President's Message July 2011 - (29-06-2011):-

Entry Requirement for CA Course:

Our members must be aware that, pursuant to a Council decision, a group under the convenership of my Central Council colleague CA. Abhijit Bandyopadhyay was constituted to review entry requirements for Chartered Accountancy course. I am happy to inform you that the Group placed its recommendations at the Council meeting recently for its consideration. The ICAI Council has decided that Commerce and non- Commerce graduates with 55 and 60 per cent marks respectively in aggregate should be exempted from Common Proficiency Test (CPT) and such students would be allowed direct entry to articleship training. It was also decided that candidates who have passed the intermediate level examination of ICWAI/ICSI are exempted from CPT and they will be allowed to join articleship training only after passing first group (Group I) of IPCC examination. Students who wish to pursue Accounting Technician Course of the Institute would also be exempted to appear in the CPT. The matter has been placed before the government for consideration and issuance of necessary notification in this regard.

Kindly Check the link given below:

https://220.227.161.86/23263entry_reqca.pdf