Announcement - application for CPT & IPCC

JIGYASOO RATHORE (n) (420 Points)

20 September 2011  

 

Announcement - Application for CPT (paper-pencil mode) December-2011 Exam - (19-09-2011)
19th September 2011

 

The next Common Proficiency Test(CPT)-Paper pencil mode, of the

Institute will be held on







Sunday, 18th December 2011.















Notification and detailed announcement thereon have already been hosted on ICAI







website www.icai.org. 















Applications for admission to CPT (paper-pencil mode) can be made either through the online







mode at https://icaiexam.icai.org or through physical application forms. 















The cost of the Information Brochure which also contains the application form for the CPT to be







held on 18th December 2011 (paper pencil mode) is as follows. ( This includes the cost of the







application form and the Information Brochure which is500/- and the examination fee which







is 500/-). 















For candidates opting Overseas Centre, it is priced at US$ 160 (US $ 150/- towards







examination fee and US $ 10/- towards cost of application form and Information Brochure) and







for candidates opting for Kathmandu Centre, it is priced at INR 1,350( INR 850/- towards







examination fee and INR 500/- towards cost of application form and Information Brochure). 















Since the cost of information brochure containing the CPT application form includes the







examination fee, no further separate fee is required to be remitted at the time of submitting the







filled in application form. 















In order to encourage the students to take to on-line applications, it has been decided that







candidates who submit on-line applications for CPT ( Paper Pencil mode exam) will be required







to pay a sum of500/- only towards examination fees. Candidates may fill in their forms







online at https://icaiexam.icai.org and remit the examination fee online by using either VISA or Master







credit/debit card. 















Students can visit the above mentioned website for the Information Brochure and Guidelines for







filling the on-line application forms. 
Important dates:

Date of commencement of sale of the application forms-   07.10.2011















Date of opening of the on-line applications window-   07.10.2011(From 10.00 Hrs)















Last date for submission of physical/on-line forms-   28.10.2011( upto 17.30 Hrs)

It may be noted that there is no provision for acceptance of application forms after 28th







October 2011, with late fee. 

Students are advised to take advantage of the facility of submitting on-line applications and







save on the cost of the exam form.
( G. Somasekhar)







Additional Secretary (Exams)

















 

 
           IPCC









  Frequently Asked Questions (FAQs) on







           “Exemption in a Paper/s”

 

 

Please note that this paper is merely an attempt to provide answers to questions on the

 

 

 

subject, posed to us, by the candidates from time to time, to the extent possible and with

 

 

reference to the extant scheme of examination.  However, this compilation is neither

 

 

exhaustive not does it purport to be a source of complete information on the subject.

 

 

Hence, candidates are advised, in their own interest, to refer to the “Guidance Notes”

 

 

supplied along with the examination application form, besides referring to the

 

 

Chartered Accountants Regulations, 1988.

 

 

1. What are the passing requirements for PCE/IPCE/Final exam?

 

 

a) A candidate shall ordinarily be declared to have passed in both the groups

 

 

simultaneously, if he-

 

 

 secures at one sitting a minimum of 40% marks in each paper of each of the

 

 

groups and minimum of 50% marks in the aggregate of all the papers of each

 

 

of the groups; or

 

 

 secures at one sitting a minimum of 40% marks in each paper of both the

 

 

groups and a minimum of 50% marks in the aggregate of all the papers of both

 

 

the groups taken together.

 

 

b) A candidate shall be declared to have passed in a Group, if he secures at one sitting

 

 

a minimum of 40% marks in each paper of the Group and minimum of 50% marks in

 

 

the aggregate of all the papers of that Group.

 

 

2. What are the rules regarding “exemption” and validity period?

 

 

 A candidate who has appeared in all the papers comprised in a group/unit and fails in

 

 

one or more papers comprised in that group/unit but secures a minimum of 60% of the

 

 

marks in any paper or papers of that group/unit shall be eligible for exemption in that

 

 

paper or papers in the next three following examinations.

 

 

 He shall be declared to have passed in that group/unit if he secures at one sitting a

 

 

minimum of 40% marks in each of the papers of that group/unit and a minimum of

 

 

50% of the total marks of all the papers of that group/unit including the paper/s in

 

 

which he had secured a minimum of 60%  marks in the earlier examination.

 

 

 He/she shall not be eligible for any further exemption in the remaining paper(s) of that

 

 

group/unit until he/she has exhausted the exemption already granted to him in that

 

 

group/unit.

 

 

 The implications of the above paragraph are clarified below:i. You must have appeared in all the papers of the group/unit.

 

 

ii. You must have failed in the group/unit and should have secured a

 

 

minimum of 60 marks in any paper/s of the group/unit.

 

 

iii. The exemption is automatic and will be found indicated in the

 

 

statement of marks issued by the Institute.

 

 

iv. An exemption is valid for three immediate succeeding exams and will

 

 

be carried forward automatically for the next three examinations.

 

 

v. A candidate shall be declared to have passed in a Group/unit, if he

 

 

secures at one sitting a minimum of 40 percent marks  in each paper of

 

 

the Group/unit and a minimum of 50 percent marks in the aggregate of

 

 

all the papers of that group/unit. For the purpose of arriving at the

 

 

aggregate marks, 60 percent or more marks secured earlier will also be

 

 

taken into account.

 

 

vi. As long as exemption in one or more paper(s) of a group/unit, brought

 

 

forward from an earlier attempt is subsisting, no further exemption in

 

 

any paper in that group/unit will be given, even if one secures 60% or

 

 

more marks in any paper in that group/unit.

 

 

 The above rules relating to “Exemption” are common to all the exams, i.e., PCE,

 

 

IPCE, IPCE Units, ATE and Final, conducted by the Institute.

 

 

3. I secured exemption in Paper I of PCE/IPCE/Final exam in November 2009

 

 

exam.   I did not appear in the exams held in May 2010, November 2010 and also

 

 

in May 2011.  I have submitted my exam application form for appearing in

 

 

November 2011 exam.  Can I get the exemption in the said paper in November

 

 

2011 exam?

 

 

No.  The exemption obtained by you in November 2009 exam would last only for the

 

 

next three exams, i.e. for May 2010, November 2010 and May 2011 exam,

 

 

irrespective of the fact whether you appeared in those exams or not.  The exemption

 

 

you obtained in November 2009 examination stands exhausted now and will not be

 

 

valid for November 2011 exam onwards.  You will have to appear in the said paper

 

 

once again in November 2011 exam.

 

 

4. I appeared, say, in Papers 1 and 2 of Group I and remained absent in the

 

 

remaining paper(s) of Group I of PCE / IPCE / Final and secured more than

 

 

60% of the marks in both the papers.  However my mark sheet does not show

 

 

any exemption in those two papers.

 

 

To be eligible for exemption in any paper of a group in any of the exams

 

 

(PCE/IPCE/Final), you should have appeared in all the papers comprised in that

 

 

group.  In your case, though you obtained more than 60% marks in two papers, you

 

 

will not be eligible for exemption in those two papers since you did not appear in all

 

 

the papers of that group

 

 

5. How do I know that I am eligible for exemption in a paper?The fact that you are eligible for exemption in a paper, will be found indicated in the

 

 

statement of marks, issued by the Institute, by way of a symbol “#” against the marks

 

 

of the paper(s) in which you had secured a minimum of 60% marks.

 

 

In your statement of marks, you will find the alphabet “E” marked against the marks

 

 

of already exempted paper(s) carried forward from an earlier examination, provided

 

 

the exemption is still valid.

 

 

6. I secured exemption in Paper V( Group II) of PCE/IPCE/Final in May 2011

 

 

exam.  I have submitted my exam application form for appearing in Group II of

 

 

November 2011 exam. Is the exemption automatic or do I have to specifically

 

 

mention in my exam application form that I got exemption in Paper V in May

 

 

2011 exam?

 

 

An exemption is valid for three immediate succeeding exams and will be carried

 

 

forward automatically for the next three examinations. However, you are required to

 

 

give details of the exemption(s) secured by you in the immediate three preceding

 

 

exams, in your exam form, which will help us to cross check with our data base.

 

 

7. I secured exemption in Paper 3 (Group I) of PCE/IPCE/Final in November 2009

 

 

exam.   I appeared in Group I in May 2011 exam once again and secured more

 

 

than 60% marks in Paper 2 of (Group I) of PCE/IPCE/Final. However, I did

 

 

not get exemption in Paper 2 even though I secured more than 60% marks in

 

 

that paper?  Why is it so?

 

 

As long as exemption in one or more paper(s) of a group/unit, brought forward from

 

 

an earlier attempt is subsisting, no further exemption in any other paper in that

 

 

group/unit will be given, even if you secure 60% or more marks in any other paper in

 

 

that group/unit.  You will not be eligible for any further exemption in the remaining

 

 

paper(s) of that group until you have exhausted the exemption already granted to you

 

 

in that group.

 

 

The exemption that you secured in a paper in November 2009 exam lasted till May

 

 

2011 exam. Hence, you did not get any exemption in Paper 2 in May 2011 exam

 

 

even though you secured more than 60% marks in that paper.

 

 

8. I secured exemption in Paper 3 (Group I) of PCE/IPCE/Final in November 2010

 

 

exam.   I intend to appear in Group II in November 2011 exam and applied for

 

 

the same.  Can I get exemption in any paper in Group II in November 2011 exam

 

 

if I secure more than 60% marks in any of the papers of Group II?

 

 

Yes.  You can get exemption in any of the papers of Group II in November 2011

 

 

exam.  The exemption that you secured in Paper 3 of Group I does not come in the

 

 

way of your getting exemption in any paper of Group II. Please note that the rules

 

 

relating to exemptions are applied group-wise.

 

 

However, you will not be eligible for any further exemption in the remaining paper(s)

 

 

of Group I until you have exhausted the exemption already granted to you in that

 

 

group.9. I have already passed one group in PCE and converted to IPCE.  I am now a

 

 

Unit candidate under IPCE.  Will I get the benefit of the exemption secured by

 

 

me in PCE, in the corresponding papers of IPCE?

 

 

Yes.  The exemption in a paper or papers in a particular group granted earlier to a

 

 

candidate of PCE shall continue to be valid, in the corresponding paper or papers

 

 

under the IPCE/ATE,  for the unexpired chance(s).

 

 

10. What about exemption from appearing in any paper/s available to IPCE Unit

 

 

candidates?

 

 

Unit scheme is meant for those candidates who have passed one of the groups in any

 

 

of the following exams:

 

 

a) CA Intermediate under Para 2A of Schedule B of CA Regulations 1988( i.e Nov

 

 

1994 or later) or

 

 

b) PE II or

 

 

c) PCE who have converted to IPCE

 

 

Such a candidate is eligible for conversion to IPCE and may apply for conversion as a

 

 

student of IPCE. For details, please visit the Board of Studies Announcements within

 

 

the students section of the website www.icai.org

 

 

Group-wise exemption in IPCE by virtue of having passed one group in CA

 

 

Intermediate examination under the syllabus as specified in paragraph 2A of Schedule

 

 

B of Chartered Accountants Regulations 1988 ( i.e. Nov. 1994 or later) or PE II or

 

 

PCE is not available in IPCE because the composition of papers in each group of

 

 

IPCE is  different from that of Intermediate/ PE II / PCE. But paper wise exemption

 

 

secured on the basis of 60% or more marks in a paper(s) of PCE is available for

 

 

the corresponding paper(s) for the unexpired chance(s), as per details given

 

 

below:

 

 

Papers of PE II passed Papers of PCE passed Paper-wise exemption in

 

 

IPCE/ATE

 

 

Group I

 

 

Paper 1 Accounting

 

 

Paper 2:  Auditing

 

 

Paper 3:  Business and

 

 

Corporate Laws

 

 

Group II

 

 

Paper 1:  Advanced

 

 

Accounting

 

 

Paper 2:  Auditing and

 

 

Assurance

 

 

Paper 3:  Law, Ethics and

 

 

Communication

 

 

Group I Paper 1:  Accounting

 

 

and

 

 

Group II Paper 5:  Advanced

 

 

Accounting

 

 

Group II Paper 6:  Auditing

 

 

and Assurance

 

 

Group I Paper 2:  Business

 

 

Law, Communication and

 

 

Ethics

 

 

Group II

 

 

Paper 4:  Cost Accounting

 

 

Group II

 

 

Paper 4:  Cost Accounting Group I Paper 3:  Costand Financial Management

 

 

Paper 5:  Income tax and

 

 

Central Sales Tax

 

 

Paper 6:  Information

 

 

Technology

 

 

and Financial Management

 

 

Paper 5:  Taxation

 

 

Paper 6:  Information

 

 

Technology and Strategic

 

 

Management

 

 

Accounting and Financial

 

 

Management

 

 

Group 1 Paper 4:  Taxation

 

 

Group II Paper 7:

 

 

Information Technology and

 

Strategic Management