In 2017, lakhs of Charted Accountancy (CA) aspirants appeared for Common Proficiency Test (CPT) which was held on December 18, 2016, in various cities across India. The conducting authority of CPT examination is Institute of Charted Accountants of India (ICAI).
Usually, the examination takes place in two sessions, i.e., morning and afternoon session. This year, the examination was conducted at 171 examination centres, and the number of aspirants appeared for examination was almost same compared to last year. Around 2.28 lakh students took CPT examination last year.
The candidates have to attempt a minimum of 170 questions to qualify in the examination and graduate to next level. The entire question paper consists of 200 questions where some of the questions are time-consuming. The question paper also includes case study where the candidates have to analyse the case and express their opinions or views on it.
Usually, CPT examination consists of four subjects which include: -
- Quantitative Aptitude
- General Economics
- Mercantile Law
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There is a general perception that passing CPT examinations is very challenging and candidates spend much time for preparation. Most of the candidates take individual coaching like long-term coaching for CPT examination. For instance, in Andhra Pradesh, coaching for CPT examination is given in senior intermediate (+2) level itself so that the aspirants will get one year time for preparing for the examination.
ICAI did not announce an official date for declaring results. The results are expected soon.