ICAI all set to make CPT & IPCC Tougher

CPT 1974 views 10 replies

ICThe Institute of Chartered Accountants of India (Icai) plans to make its entrance test tougher to ensure only “serious students” get through, after less than 4% of students managed to graduate this year.

The institute runs two parallel chartered accountancy (CA) courses, a traditional course and another updated course that was introduced in 2006.

Of the 13,242 students of the old course who took the final year examination in June, only 458 passed—a mere 3.46%—the lowest since 2004. The success rate for the updated course was slightly better at 6.56% of 7,424 candidates.

“One reason that we can see for the lower number of successful candidates is a shift from theoretical kind of papers to (an) application-based (examination),” Icai president Amarjit Chopra said. “But I would say this is something that students will have to get used to.”

Another reason why the success rate was low was the relative ease with which admission seekers cleared the common proficiency test (CPT) to enter the institute.

Around 25-30% of candidates appearing for the CPT managed to get through, and many of them are not serious about making chartered accountancy their career.

“The institute is also considering making the CPT tougher, so that only capable students go in for CA,” said Chopra.

A 4-6 August meeting will discuss measures to make the CPT tougher and better geared to select students who will go on to graduate from the course as well, he added.

But a Rajasthan-based chartered accountant said Icai was simply bowing to pressure from the industry.

“The institute is deliberately churning out a lower number of CAs so that there is no glut in the market, especially when companies are just getting out of the grip of a recession and are going slow on recruitment,” the CA said, asking not to be named.

The Chartered Accountants Act of 1949 lays down that results announced by Icai cannot be challenged, allowing the institute to have its way.

But Chopra denied the charge. “There has been no deliberate attempt to moderate the results. The impact of moderation anyway will be a favourable one,” he said, adding that the success rate was a high 25% in 2008, when the economic slowdown was at its peak.

This year’s poor result also follows a move three-and-a-half years ago to allow students passing class XII to appear for the CPT, and letting students pursue CA and BCom degrees simultaneously.

New Delhi-based education counsellor Geetanjali Kumar said instead of making the CPT tougher, Icai should look at selecting candidates with an aptitude for the profession and design the question papers accordingly.

“It has also been seen that students pursuing CA are focusing more on other things like articleship (where they help practising CAs in their work) and taking help of private tutors rather than attending regular colleges and studying for CA, which results in changing their orientation,” added Kumar. “So I would say every link has to be strengthened.”

 

SOURCE : MINT

Replies (10)

Hi,

All i would like to know was is ICAI looking to keep the pass percentage lower or are they trying to imply their is no quality in the students writing CA???.I am sure that the students are aware of what they are doing because the time and money spent on clearing this course. The only unacceptable issue is the pass percentage..........Is it trying to mean there no more than 3.76% quality students............That also seems unacceptable???

Ashwini Krishnen

ICAI simply needs to stop playing with the future of students.. How can they be so sure dat only 3.76% students followed d course rigorously?How can they say that pvt tutors are not needed. Y dont day start a regular kolg to teach d course instead of keeping it a correspondence course??

CA must not be for everybody.Today CA Brand has lost it's value.To regain the lost image,The Institute must make the Entrance Tese toughest so that only the best students can study CA & also qualify.Also more & more Mathematics ,Economics & Corporate Finance should be incorporared in it's syllabi.Further compulsory Resedential Programme must be introducecd  asap to make CAs at par with IIM Grads.

They haven't said ipcc/pcc. But i feel , this is just for saying. They want money. So cpt pass pc will not go down except 1-2 exams. PCC/ipcc supplies article ie cheap labour.
Originally posted by : jose.p
They haven't said ipcc/pcc. But i feel , this is just for saying. They want money. So cpt pass pc will not go down except 1-2 exams. PCC/ipcc supplies article ie cheap labour.

nice 1

IF APLIED IT WILL BE BENEFICIAL  FOR BOTH THE STUDENTS AND ICAI

i want new revised syllabus of economics of cpt exam if any one have then reply me

apmande @ gmail.com

How can ICAI say that only 3.76% students are serious about exam.....it's means 96.24% students are not serious about exam.....I think thay want only money.....

Originally posted by : jose.p
They haven't said ipcc/pcc. But i feel , this is just for saying. They want money. So cpt pass pc will not go down except 1-2 exams. PCC/ipcc supplies article ie cheap labour.

 

 

true dat.

 

 
 

they just want cheap labour, ie articles... nothing else....


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