Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: VAT RATES :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment
News Headlines »
 CBDT releases Income Tax Return statistics for last two fiscals
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers

Paper leaks, ICAI test off
August, 06th 2007
The common proficiency test (CPT) conducted by the Institute of Chartered Accountants of India (ICAI) today morning was cancelled later in the day owing to a paper leak at two examination centres.

News of the paper leak broke in the morning when the exam had already started. The exam, however, continued for the second session.

An emergency meeting of the examination as well as the executive committee called by ICAI President Sunil Talati later decided to cancel the examination and rescheduled it for August 26.

CPT is the entrance examination for those aspiring to be chartered accountants and is conducted by the ICAI, the regulatory body for the profession. Leak of the question paper of one of the toughest exams in the country had created panic among examinees in the morning.

The leak, as of now, has been detected at only two centres. Talati had earlier said the examination would be reconducted at the two centres if the leak was confined to them. However, the ICAI cancelled the entire examination as a leak from other centres was not ruled out.

We are shocked and will look into the incident thoroughly, said Talati. We will find out about it in detail.

The decision will impact around 82,000 students who took the test today, at 203 centres both in India and abroad. The examination centres abroad include those in Abu Dhabi and Kathmandu.

A high-powered committee has been appointed to investigate the matter and take preventive measures.

Talati said the credibility of the examination was at stake and strict action would be taken against the offenders.

According to sources, the institute spends around Rs 200 per student in conducting the examination, which means a direct revenue loss of Rs 1.64 crore. Apart from this, there is indirect expenditure. However, the concern is only the reputation of the institute, he said.

Talati alleged the involvement of the centre superintendent and clarified that the person concerned was deputed from the centre where the exam was scheduled. He has nothing to do with the ICAI. But in case any involvement from the institute is detected, we will take strict action, he said.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions