Skip cpt [Resolved]

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2012 Hi
What is the status of passing the amendment of that every B.Com graduates can directly do IPCC with out writing CPT. Weather parliament is passed the amendment.
Kindly update.
Regards
CA Naveen

CA Harish Suwalka

CA Harish Suwalka (Expert)

09 June 2012 Common Proficiency Test (CPT) be exempted for candidates who -

(i) are commerce graduates/post-graduates and have studied any three

full papers of 100 marks each out of Accounting, Auditing, Mercantile

Laws, Corporate Laws, Economics, Management including Financial

Management, Taxation including Direct Tax Laws, Indirect Tax Laws

etc., Costing, Business Administration, Management Accounting and

passed the graduate/post-graduate examination by securing in the

aggregate a minimum of 55% of the total marks or its equivalent grade

from any recognized Universities including Open Universities.

(ii) are other graduates/post-graduates not falling in the above category

who have passed the graduation/post-graduation examination by

securing in the aggregate a minimum of 60% of the total marks in the

examination or its equivalent grade from any recognized Universities

including Open Universities.

(iii) have passed the Intermediate level examination conducted by The

Institute of Cost and Works Accountants of India or by The Institute of

Company Secretaries of India.

It was also decided that the above exemption would also be applicable to

students who wish to pursue Accounting Technician Course of the Institute.

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