CPT- COMMON PROFICIENCY TEST is an entry level examination for admission to the Chartered Accountancy Course. The CPT is held twice a year on a Sunday in the months of June and December every year.
ABOUT ICAI (INSTITUTES OF CHARTERED ACCOUNTANTS OF INDIA:
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountancy in India.
Steps for becoming a Chartered Accountant:
Enrolment with the Institute for Common Proficiency Test after passing Class 10 examination.
(ii) Clearance of CPT examination after appearing in the Senior Secondary Examination (10+2 examination).
(iii) Join PCC (Professional Competence Course) articled training and register for 100 Hours Information Technology Training (ITT) after passing CPT and 10+2 examination.
(iv) Undergo 100 Hours ITT on completion of three months of articled training (100 Hours ITT is a 20/25 days programme @ five/ four hours per day; the training will be treated as part of the practical training).
(v) Appear in Professional Competence Examination (PCE), if- worked for not less than fifteen months as an articled assistant or equivalent period as an audit assistant or partly as an articled assistant and partly as an audit assistant, three months prior to the first day of the month in which examination is held or completed 18 months of articled training as on 1st May/ 1st November, as the case may be; and- completed 100 Hours ITT.
[Eight months of audit training is treated as equivalent to six months of articled training. Any fractional period of audit training less than eight months is not counted for this purpose]
(vi) Join CA Final course:- After passing PCE register for Final course with the Board of Studies;- Collect Study Materials of the Final Course and prepare for Final Examination;- May undergo General Management and Communication Skills Course during last 12 months of articled training while undergoing Final course; and - Complete articled training of 3½ years.
(vii) Appear in final examination on completion of the practical training on or before the last day of the month preceding the month in which the examination is held.
(viii) Pass Final examination and complete GMCS (General Management & Business Communication Skills) Course.
