CA council opens doors to everyone
Now anyone can dream of becoming a Chartered Accountant. The Institute of Chartered Accountants of India (ICAI) is planning to allow students who have studied vocational courses or completed 12 years of basic education to appear in the Common Proficiency Test (CPT), an entrance exam to pursue Chartered Accountancy. Currently only those students who have passed Class 12 with regular academic programmes are eligible to appear in the test. "We want to expand and give an opportunity to students from various backgrounds. The council decided to let students who have completed Class 12 in vocational subjects or some other disciplines take the entrance exam. It will also broaden our base," said ICAI president G Ramaswamy. The council is also planning to exempt graduates and postgraduates from the Commerce stream who have cleared all exams with 55% aggregate and have studied any three full papers such as accounting, auditing and business laws from having to appear in the CPT. "Th...