ICAI CPT 2018: The registration process for the Common Proficiency Test (CPT) has been started by the Institute of Chartered Accountants of India (ICAI) at its official website — icaiexam.icai.org. All those candidates who are interested in applying for the same are required to do so at the website itself, before April 26. Last year, ICAI had revised the syllabus for chartered accountancy and included a number of contemporary topics like Goods and Services Tax (GST) and Corporate Social Responsibility (CSR) in the course. Those who pass the CPT will be eligible to register himself/herself for Intermediate (IPC) Course.
The exam will be conducted in two sessions:
Morning session: 10:30 am to 12:30 pm
Section A – Fundamentals of Accounting
Section B – Mercantile Laws
Afternoon session: 2 pm to 4 pm
Section C – General Economics
Section D – Quantitative Aptitude
Eligibility criteria
Educational qualification:
Candidates should have either passed or appeared in the senior secondary examination (10+2 examination) or an examination recognised by the central government as equivalent thereto and has complied with such requirements as may be specified by the Council from time to time.
They should be registered for/switched over to common proficiency course with board of studies of ICAI on or before June 30, 2017 and should have revalidated their registration to the course (as applicable)
Paper pattern
The exam will be conducted in paper-pencil mode (PP mode) and the duration of the same will be four hours. Objective type questions will be asked and negative marking will be done for wrong answers.
Examination fee
The exam fee is required to be submitted on-line by using either visa or master credit/debit card/rupay card/net banking.
Fee for centres in India: Rs 1,000
Fee for centres in Kathmandu (Nepal): Rs 1,700
Fee for centres in Abu Dhabi, Doha, Dubai and Muscat: $ 300
Important dates
Registration begins: April 4
Last date and time for login creation: April 26 (5:30 pm)
Last date for registration and making payment without late fee: April 26
Late fee deposition begins: April 27
CPT examination: June 17
Results: Around July
About ICAI
The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India.
News source (Indian Express)