Now, all students who have completed 12 years of basic education can aspire to become chartered accountants. The Institute of Chartered Accountants of India (ICAI) is planning to allow all students who have done vocational courses or completed 12 years of basic education to appear for the Common Proficiency Test (CPT) entrance exam. At present, only those who have passed class 12 with regular academic programmes are eligible. The ICAI also plans to exempt graduates from the commerce stream who have cleared all exams with 55 per cent aggregate and have studied any three full papers such as accounting, auditing, and business laws from appearing in the CPT. Th e institute’s aim is to introduce international rules and make professionals from India at par with the rest of the world.
Volumn 1 Issue 2