It was earlier decided by ICAI to exempt Graduates/Post Graduates with specified percentage of marks andIntermediate level Examination passedstudents of The Cost Accountants of India and The Institute of Company Secretaries of India from passing the Common Proficiency Test (CPT).
Due to different nomenclature of papers in various Universities and all papers not carrying 100 marks, the Institute, in order to remove the hardships faced by students seeking direct entry intoIntermediate (Integrated Professional Competence) Course, has decided to cover the following category of students for being eligible to direct entry.
Graduate or Post Graduate in Commerce having secured in aggregate a minimum of 50% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) by studying any 3 papers carrying a minimum of 50 marks in asemester/ year and cumulatively 100 marks or more marks over the entire duration of the course in each paper out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting; or similar to the title of these papers with different nomenclatures.
Further, the Institute has decided to approve the subjects, University-wise, as and when the issue of nomenclature arises.
Regards
Prarthana Jalan
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