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ICAI to launch curriculum by this September

Written by: Staff
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Chennai, Jul 3 (UNI) The Institute of Chartered Accountants of India (ICAI) will launch a new curriculum by September this year, following the Centre's approval of the draft scheme, ICAI President T N Manoharan said today.

The draft scheme of the new curriculum, as approved by the Centre, had been notified on June 17 and final approval was expected by August this year, he told reporters here.

Stating that the first Common Proficiency Test (CPT) would be held on November 12, he said the first two hours would be Session I for 100 marks, covering Accountancy and Mercantile Law.

After an hour's gap, Session II for 100 marks would cover Economics and Quantitative Techniques. The entire CPT would be on an objective basis and the result would be declared within 20 days of holding the examination, he said.

On launching the new curriculum, students doing Professional Education (PE) I would have an option to appear for CPT so that they could join articleship training on passing the test. Students who had passed PE-I and were pursuing PE-II would have an option to join articleship training and then appear for the exam.

Students doing articleship training after passing PE-II, who were presently eligible to write the final examination during last six months of training, would be allowed to write it during the last one year of training. So, they would get two attempts during training to appear and qualify, Mr Manoharan said.

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