ICAI Issued Structure of Practical Training Assessment – Check Now

Structure of Practical Training Assessment

ICAI Issued Structure of Practical Training Assessment. The students after completing their 1st/ 2nd year of practical training in a particular quarter of a year would be eligible to register for the practical training assessment test in the subsequent quarter. The first test for both the category of students will be on September 23, 2018.

Structure of Practical Training Assessment

In the test, Accounting and Auditing (including Corporate Laws) will be mandatory for both the levels, student has to select one out of the three optional module for 1 st level test related to their practical training specialisation area. The modules, number of questions and marks bifurcation for 1 st level will be:

Mark(s) per question is = 1

Compulsory / Optional Marks Modules No of questions
Compulsory 50 Accounting and Auditing (including Corporate Laws) 50
Optional 25 Direct Tax 25
Optional 25 Indirect Tax 25
Optional 25 Internal Audit 25

In effect, 1 st level test will have 75 questions of 1 mark each.

For 2nd level, Accounting and Auditing (including Corporate Laws) will be mandatory. In addition, student has to select two modules out of the three optional modules related to their practical training specialisation area. The modules, number of questions and marks bifurcation for 2nd level will be:

Compulsory / Optional Marks Modules No of questions Marks
Compulsory 50 Accounting and Auditing (including Corporate Laws) 30 1
10 2
Optional 25 Direct Tax including International Taxation 15 1
5 2
Optional 25 Indirect Tax 15 1
5 2
Optional 25 Internal Audit 15 1
5 2

In effect, 2 nd level exam will have 80 questions out of which 60 questions will be of 1 mark each and 20 questions will be of 2 marks each.

Students are requested to take note of the above and start their test preparation accordingly.

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