The Institute of Chartered Accountants of India (ICAI) is trying hard to get more professionals into practise. “At present more than 80 per cent of chartered accountants are employed with some company or the other. Very few opt to take up practice. But the opportunities are opening up and we foresee a huge shortage of practising professionals,” Mr G. Ramasamy, Vice-President, ICAI said.
To get more candidates take up the CA programme, the institute is planning to conduct the CPT (Common Proficiency Test) exam every month.
“It will be an online exam. The candidates can go to the respective centre and do the exam and get the result almost immediately. Once he/she clears the CPT exam, they can register for article-ship and take up the intermediate and final exams.’
This will enable more candidates to take the CA course. The institute has tied up with Bharathiar University here to offer a programme for students.
The institute is also gearing up to reorient the examination system to test the application skills of the students. “CA students have always been good in theory. But there is huge demand for intelligent candidates and those capable of applying their knowledge efficiently. We have therefore planned to reorient the current examination system and correct the balance by emphasising more on practical application skills,” he said.
Further, to hone the skills and mould them into excellent professionals, the institute is planning to put in place regular classroom teaching at all important places under the aegis of Board of Studies. These classes would provide complete guidance and enable personal interaction between teachers and students. Applicability skills would be a thrust area and the study material revised accordingly.