ICAI making its Entrance Test (CPT) Tougher ,Less than 4% : Livemint.com
The 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.
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