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FAQs

Common Proficiency  Test

1. What is the Common Proficiency Test?
It is an entry level test for Chartered Accountancy Course. It is a test of four subjects i.e. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. This test is of 200 marks. This test is divided into two sessions of two hours each (9.00 – 11.00 a.m. and 12.30 - 2.30 p.m.). CPT is an objective type test with negative marking.

2. Who can join the course?
A student who has passed the 10th standard examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto may register for Common Proficiency Test.

3. How to apply for admission to the CPT Course?
A student is required to apply in the prescribed form.
·  A student may buy Prospectus remitting Rs.100. The application form is annexed in the Prospectus.
·  Alternatively, the application form can be downloaded from our website as per the link :
http://www.icai.org/post.html
While submitting the filled-in application form downloaded from website, a student has to remit Rs.100 for Prospectus along with registration and tuition fee.
·  The Prospectus can also be procured by post from any of the offices of the Institute stated in Point 5 below on payment of Rs.140 (Rs.40 on account of postal charge).

4. What is the fees for registration?
The registration and tuition fee is Rs.3500, which is to be remitted along with filled in application form. In case a student submits downloaded application form, he should remit Rs.3600 (Rs.100 for Prospectus. A copy of the Prospectus will be sent to him along with the study package)

6. Will there be any study package?
Yes. The Board of Studies provides a comprehensive study package including a large question bank. The Board of Studies also provides a CD for self-assessment. Using the CD, a student can get question paper sets of different subjects and test his level of preparation. In addition, Volume I & II of the Model Test Papers are also being supplied to the students with study materials.

7. Shall I get the study materials on the same day on which the application form is submitted?
Normally, students belonging to Mumbai, Chennai, Kolkata, Kanpur, New Delhi, Ahmedabad, Bangalore, Baroda, Chandigarh, Coimbatore, Ernakulam, Hyderabad, Indore, Jaipur, Nagpur, Pune, and Surat are provided study materials on submission of the application form in respective Office of the Institute. Study materials are to be collected in person. For outstation students, study materials are sent by post from decentralized offices which takes normal postal delivery time to reach the students.

8.What is the eligibility for appearing in the examination?
A registered student may appear in Common Proficiency Test after he has appeared in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India 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.

9. How to make application for appearing in the examination?
A student has to follow the examination notification to be issued by the Examination Department of the ICAI and apply in the prescribed form along with the examination fee of Rs.400(inclusive cost of application form & exam fee). The Examination Department will announce the examination centres and issue admit card.

10. What are the qualifying marks?
The qualifying mark is 50%. A student has to remember that CPT is an objective type test with a negative marking for selecting wrong option of the four choices given in the question paper.

11.What is the next step after passing CPT?
  A student has to register for IPCC/ATC and spend 9 months of study course during which time he should complete 35 Hrs Orientation Programme and 100 Hrs of ITT Course before he becomes eligible to appear for the exam.

100 HOURS INFORMATION TECHNOLOGY TRAINING

1. What is Information Technology Training (ITT)? When will it commence?
While studying PCC/IPCC a student has to pursue a course on 100 Hours ITT.

2. Who will conduct this training?
Board of Studies has accredited various Regional Councils and Branches of the ICAI for conducting 100 Hours ITT. A list of the accredited branches is available on the website www.icai.org.

3. Is there any separate fees for undergoing the training?
Yes. The Regional Councils and various Accredited Branches will charge fees of Rs. 4000.

4. Should a student register with the Board of Studies for undergoing ITT and pay separate registration fees?
When a student registers for articled / audit training and PCC with the Institute, automatically he is granted registration for ITT. No separate fees is chargeable for registration of ITT with the Institute.

5. Will the Board of Studies provide any study materials for ITT?
Yes. The Board of Studies will offer a set of study modules covering various topics of the ITT which a student should study while undergoing the training. This will be made available along with the study materials.

6. Can a student undergo ITT from the first day of registration of articled / audit training and PCC? Is there any preparation time before joining ITT?
A student can join PCC and articled / audit training by registration with the Institute and simultaneously he is granted registration for ITT. But it will be difficult for a student to join ITT on the same day as there is academic linkage between ITT and Information Technology subject covered in PCC. Prior knowledge of introductory chapters of Information Technology subject is considered to be useful in appreciating various sessions of ITT. Also there is a need for appreciating functions of an articled / audit trainee and role of
Information Technology therein. Therefore, a student is allowed to join ITT only on completion of three months of articled / equivalent period of audit training.

7. Is 100 Hours ITT part of the articleship training stated in Section E?
Yes, it is the part of the training. But, for attending 100 Hours ITT, an articled assistant should take permission of the MIT / Principal.

8. What is the course duration and break up of various modules of 100 Hours Information Technology Training (ITT)?
The duration for Information Technology Training is 100 Hours. Presently, it is covered in 20 days @ 5 hours per day.
In addition, a student is required to submit a project based on topics learnt during the training.

10. Is there any Final Examination?
Yes, the Final online examination would comprise of 200 objective type questions of 1½ mark each totaling 300 marks. The weightage of final online examination is 60%. The duration of the same is 3 hours. The final online examination is to be conducted by the accredited Branches on any Sunday of the month in coordination with ICAI.

12. Will the Institute issue certificate for completion of 100 Hours ITT?
Yes, respective Accredited Branches of the Institute, to which a student belongs, will issue certificate for completion of 100 Hours ITT.

13. I am a student of PE – II, I have not yet undergone computer training. I will continue with PE – II.
Should I have to undergo 100 Hours Information Technology Training?

All such students are permitted to undergo 100 Hours ITT.

Final (Old) Course / Final (New) Course
Period of Articled Training


1. What is the period of articled training for a student who has passed Professional Education (Examination – II)?
The period of articled training is three years for a student who has passed both groups of Professional Education (Examination – II) even if he registers for Final (New) Course.

2. What is the period of articled training for a student who has passed one group of Professional Education (Examination – II) and remaining group of Professional Competence Course?
The period of articled training is three and a half years for a student who switches over from Professional Education (Course – II) to Professional Competence Course.

3. What will be the period of articled training for students of Professional Education (Course – II) who have joined the course on the basis of their degree examination and will be switching over to Professional Competence Course after last examination of PE-II is held in May, 2009?
The period of articled training will be three years for such students of Professional Education (Course – II) who have joined the course on the basis of their degree examination and will be switching over to Professional Competence Course after discontinuance of Professional Education (Examination – II) to be held in May, 2009 and subsequently pass Professional Competence Examination (PCE). They will be allowed
to join their articled training after passing Professional Competence Examination (PCE) at final level and not at PCC level.

4. What will be the period of articled training for students of Professional Competence Course, who had earlier opted to switch over from Professional Education (Course – II), after passing Professional Education (Examination – II) to be held in November, 2008 and May, 2009?
The students of Professional Competence Course, who had earlier opted to switch over from Professional Education (Course – II) to Professional Competence Course after passing Foundation/Professional Education (Examination – I), now send their willingness in writing to the concerned regional office for appearing in the Professional Education (Examination – II) to be held in November, 2008 and May, 2009, will continue their three and half years of articled training. If is further clarified that even if such students pass both groups/remaining group of Professional Education (Examination – II), the period of articled training will not be reduced to three years as in the case of PE-II passed students joining articled training at Final level.

Appearing in Final Exam.
5. When will last examination under Final (Old) Course Scheme be held?
The last examination under Final (Old) Course Scheme will be held in November, 2009.

6. When was first examination under Final (New) Course Scheme held?
The first examination under the new scheme of education and training which was introduced on 13th September, 2006 was held in November, 2008.

7. When a student of Final Course after passing Professional Education (Examination – II) and undergoing articled training can appear in Final Examination?
A Professional Education (Examination – II) passed student can appear in the Final examination during the last 12 months of his articled training. Such a student should be in service and serving the last 12 months as on 1st May or 1st November, as the case may be, for appearing in the Final Examination to be held in May and November respectively. It is clarified that a student must be in service as on 1st May or 1st November, as the
case may be, in order to be eligible to appear in the examination even though the remaining period of training may be 12 months or less than 12 months. Students who have taken termination of articles due to any reason are advised, in their own interest, to ensure that they get themselves re-registered for remaining period of
articled training so as to be in service as on 1st May or 1st November, as case may be.

8. When a PE-II passed student of Final Course who has opted for switching over from Old to new scheme can appear in Final Examination?
A PE-II passed student of Final Course who has opted for switching over from Final (Old) Course to Final (New) Course can appear in the Final examination during the last 12 months of his articled training. Such a student should be in service and be serving the last 12 months as on 1st May or 1st November, as the case may be, for appearing in the Final Examination to be held in May and November respectively.

9. When a student of Professional Competence Course (PCC) who switched over from Professional Education (PE-II) can appear in the Final Examination?
The period of articled training for a student of Professional Competence Course (PCC) is three and a half years whether he/she has joined PCC after passing Common Proficiency Test (CPT) OR has switched over from PE-II to PCC. Such a student can appear in the Final Examination only after completion of full period of his/her articled training i.e. 3 ½ years and not before.

10. When a student of Professional Competence Course (PCC) who has passed one of the groups of Professional Education (Examination – II) can appear in the Final Examination?
The period of articled training for a student of Professional Competence Course (PCC) is three and a half years whether he/she has joined PCC after passing Common Proficiency Test (CPT) OR has switched over from PE-II after passing either group to PCC. Such a student can appear in the Final Examination only after completion of full period of his/her articled training i.e. 3 ½ years and not before.

Registration for Final Course
11. Which is the last date for registration of a student to be eligible to appear for Final (Old) exam?
A student whose date of commencement of articled training was on or before 1st November, 2007 would be eligible to appear for Final (Old) Exam.


12. Whether a student of Final Course once eligible, appeared in the examination and result declared becomes ineligible in subsequent examination?

Yes, it is possible. A student in service and serving last 12 months, assuming joined articles based on passing PE-II, as on 1st May, 2008 and unfortunately could not pass. He takes termination of articles and applies for Final examination to be held in November, 2008 and is in “certainly” last 12 months of articles. He will not be eligible to appear in Final examination to be held in November, 2008 because he is not in service as on 1st November, 2008 though his balance period of articles is less than 12 months. The requirement is that a student must be continuing articles training and the remaining period of articles must be less than 12 months as on the first day of the month in which Final examination is to be held. The students are accordingly advised to ensure that they get themselves re-registered on or before the first day of the month in which the exam is to be held.

13. Why a student whose date of commencement of articled training was after 1st November, 2007 would not be eligible to appear for Final (Old) exam?
If a PE-II passed student has joined articled training on or after 1st November 2007, he would be neither completing 2 years of Articles nor serving the last 12 months of articles as on 1st November 2009 and thereby not fulfilling the eligibility requirement to appear for last Final (Old) examination to be held in November 2009.

14. Whether a student who has already completed his articled training and has also passed PE-II Exam. can be registered under old scheme?
Yes, a student who has already completed his articled training and has also passed PE-II Exam. can be registered under old scheme. The last final examination under old scheme will be held in November, 2009.

Re-registration/Validation of Final Course
15. What is validation scheme?
The registration for Final Course will be valid for a period of 5 years from the date of initial registration.  Further, the registration will continue to be valid as long as the student continues to appear in either or both groups of the Final exam irrespective of the period involved which may be beyond five years. After expiry of the period of 5 years from the date the student initially registered himself/herself for Final course his registration will lapse except where such student has appeared in at least one of the last two examinations conducted just before the end of five years. The registration of such student shall however lapse in case he subsequently does not appear in two consecutive examinations.

16. What is the revalidation fee?
A student whose registration gets lapsed will be eligible for re-registration. Such a student will be required to re-register himself/herself by paying a nominal revalidation fee of Rs.500/-.

17. Whether the study material of Final Course will be supplied free of cost to a student who remits Rs.500/- towards the payment of revalidation charges?
No, such a student will be required to purchase the required study material.

18. Whether a student registered under old scheme can switch over to new scheme of education and training, which was launched on 13th September, 2006.
Yes, a student registered under old scheme can switch over to new scheme of education and training by making a remittance of Rs.1100/- to the concerned decentralized regional office. The study material for Final (New) Course will be provided without any further payment.

Industrial Training
19. Who is eligible for undergoing industrial training?
A student who has passed Intermediate/Professional Education (Examination – II)/Professional Competence Examination and is serving last 12 months of his articled training.

20. Whether any notice in writing is required to the Principal before joining Industrial Training?
Yes, an articled assistant has to intimate his principal regarding his intention to take such industrial training at least three months before the date on which such training is to commence.

21. What is the maximum and minimum period of industrial training?

A student of Final Course can undergo industrial training for a maximum period of one year and minimum period of 9 months, i.e. the period may range between 9 months and 1 year.

22. Who is eligible to provide industrial training to an articled assistant and which are the required forms to be filled up?

An articled assistant can take industrial training under a member of the Institute. An associate who has been a member for a continuous period of at least 3 years shall be entitled to train one industrial trainee at a time and a Fellow member shall be entitled to train two industrial trainees at a time. There should be an agreement of industrial training in Form No.104 which will be submitted to the concerned decentralised office within 30
days of the commencement of training. On satisfactory completion of industrial training by an articled / audit assistant, the Associate / Fellow member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone and to be submitted to the concerned decentralised office within 30 days of the completion of training. It is required to maintain details of work undertaken and training received in the prescribed format.

23. Whether a student can join any financial, commercial, industrial undertakings of his choice?
Yes, but such an organization must be duly approved by the Institute of Chartered Accountants of India.

24. Which industrial undertaking is eligible for providing industrial training and where such an organization can apply?
Any financial, commercial, industrial undertakings with minimum fixed assets of Rs.1 crore; or minimum total turnover or minimum paid–up share capital or such other institutions or organization as may be approved by the Council. Such organizations may apply alongwith copies of Annual Report, balance sheets etc. to the decentralized Regional Office depending upon the jurisdiction of the Office. After scrutiny of relevant
documents, the regional head may approve the name of such an organization to be included in the list of industries being maintained by the decentralized regional offices.

 
 
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