Common Proficiency Test (CPT) December 2016 Exam Date Announced

No.13-CA (EXAM)/CPT/December/2016: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of lndia is pleased to notify that the Common Proficiency Test will be held on Sunday, 18 December, 2016 in two sessions. [This Common Proficiency Test will be conducted as per provisions of Regulation 25 D (3) of the Chartered Accountants Regulations, 1988.] 

First Session (i.e. Morning Session)	10.30 AM to 12.30 PM (IST) Section - A Fundamentals of Accounting Section - B Mercantile Laws
Second Session (i.e. Afternoon Session)	2.00 PM to 4.00 PM (IST) Section - C General Economics Section - D Quantitative Aptitude

Applications for admission to Common Proficiency Test is required to be made in the relevant prescribed form as contained in the information Brochure, which may be obtained from the Deputy Secretary (Examinations), The Institute of Chartered Accountants of India, lCAl Bhawan, lndraprastha Marg, New Delhi -.. 110002 on payment of Rs. 1500 (Rs. 500 towards examination fee and Rs. 1000- towards cost of application form and information brochure) per application form. 

The information brochure containing Comrion Proficiency Test application form will also be available in the Regional and Branch Offices of the lnstitute and can be obtained there from on cash payment on or from 6th October, 2016

Cost of Purchasing form is Rs. 1000. However the fees of Rs. 1000 for purchasing the Exam form need not be paid in case the students opts for submitting the Exam form online from 6th Oct 2016 to 27th Oct 2016 (17.30hrs). Applications for admission to these examinations are required to be made either online at http://icaiexam.icai.org 

Common Proficiency Test application forms duly filled in may be sent so as to reach the Deputy Secretary (Examinations) at New Delhi not later than 27th October, 2016.
It may be noted that there is no provision for acceptance of application forms after 27th October, 2016 with late fee. 


The aforesaid Common Proficiency Test (CPT) is open only to students registered with the * lnstitute of Chartered Accountants of lndia for the Common Proficiency Course on or before 1st  October, 2016 and fulfill the requisite eligibility conditions. 


To download the Official Announcement Click Here

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Standardisation of Guidance Notes issued under the authority of the Council - (22-07-2016)

No.1-CA(2)/Misc./2016                                                                                                                                                   22nd July, 2016

To: All Secretaries of Non-Standing Committees/Boards

Madam/Dear Sir,


Standardisation of Guidance Notes issued under the authority of the Council 

The Council at its 349th meeting held on 17th-18th January, 2016 has taken the following decisions in respect of standardisation of Guidance Notes issued under the authority of the Council: 

1.   The basic structure of the Guidance Note may include guidance on the Background/Introduction, Scope, Objective etc. so as to give the reader a brief idea of the topic for which the guidance is being provided. Thereafter, the descriptive narrative for the guidance may be followed. However, as the narrative related to the guidance on the topic is subject-specific, it should be left to the wisdom of the Committee concerned. 

2.   As far as possible, all the paragraphs in a Guidance Note should be numbered consecutively. 

3.   There should be a scheme for numbering of the Guidance Notes and these numbers should be allocated by the Publication Department of the Institute since it also issues an ISBN number for each publication printed by it. Further, Guidance Notes on Accounting may continue to be numbered as per the existing scheme in vogue i.e. GN(A) (year of issue/revision). The Council suggested Guidance Note on Auditing may be GN (A&AS) (year of Issue/Revision) while those related to taxation audit may be GN (TA) (year of Issue/Revision) etc. 

The Council, at its 353rd meeting held on 2nd-4th May, 2016 took the following further decisions on the above subject: 

4.   The draft Guidance Note should be exposed for public comments for a period of at least 30 days so that input from large stakeholders may be taken into account. For this purpose, mass emails should be sent to all the members informing that an exposure draft of a Guidance Note was open for public comments to reach the major stakeholders. 

5.   All Regional Councils and major branches should also be requested to constitute their study groups for considering the exposure draft of Guidance Notes issued for public comments and send their comments to the concerned Committee/Board for consideration such that inputs from large stakeholders may be taken into account. 

6.   In exceptional cases, when it is not possible to issue an exposure draft owing to paucity of time, since a Guidance Note is to be issued urgently, the draft Guidance Note may be placed for the consideration of the Council with the approval of the President-in-office. 

The above decisions of the Council may please be complied with while issuing a Guidance Note.

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