How difficult is it to become a Chartered Accountant? In India, I have heard that only 5% of the entrants pass the CA exam. Is this true?
Career Talk Work & Career 2 years ago
Posted on 16 Aug 2022, this text provides information on Work & Career related to Career Talk. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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Best Answer
2 years ago
The short answer: YES. The long answer has been written w.r.t. the Indian Chartered Accountancy exam. 1. The 1st Level a. Common Proficiency Test (CPT) which is an objective based test. b. The earliest you can take this test is along with you 12 grade exams. So, you are expected to balance and score well both in your HSC and your CPT. c. The passing percentage of CPT is roughly around 25%. 2. The 2nd Level a. Integrated Professional Competence Exam (IPCE) which comprises of 7 papers. b. These 7 papers are divided into 2 groups which can be either taken individually or together. c. Assuming a person clears in the first attempt in CPT, he / she is expected to study and pass IPCE along with first year of B.Com. d. The passing percentage is roughly around 10% 4. The Final Exam a. The Final Exam comprises of 8 papers divided into 2 groups. b. Assuming a person clears all the previous exams at the earliest and also undergoes articleship as prescribed, he will be eligible for this exam at the age of 21. c. The passing percentage is roughly around 8%.