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Change in Structure of PTAP
The Institute of Chartered Accountants of India (ICAI) has announced a change in the structure of the PTAP for both levels. The new structure will be effective from June 2023.
The main change is the inclusion of questions on current economic and business affairs. These questions will be worth 8-10 marks at both levels. The study content related to current economic and business affairs will be published in the monthly journal “The Chartered Accountant Student”. The questions will be asked from the last three issues of the journal prior to the date of examination.
The revised structure of the PTAP is as follows:
Level 1
- Compulsory: 50 marks
- Accounting and Auditing (including Corporate Laws and Current Affairs): 50 marks (including 8-10 questions of Current Affairs)
- Optional: 25 marks
- Direct Tax: 25 marks
- Indirect Tax: 25 marks
- Internal Audit: 25 marks
Level 2
- Compulsory: 50 marks
- Accounting and Auditing (including Corporate Laws and Current Affairs): 30 marks (including 8-10 questions of Current Affairs)
- Optional: 25 marks
- Direct Tax including International Taxation: 15 marks
- Indirect Tax: 15 marks
- Internal Audit: 15 marks
ICAI has said that the change in the structure of the PTAP is to ensure that students are well-rounded and have a good understanding of current economic and business affairs. The Institute has also said that the change will make the PTAP more relevant to the needs of the profession.
Students who are currently undergoing practical training are advised to start preparing for the new structure of the PTAP. They can do this by reading the monthly journal “The Chartered Accountant Student” and by keeping up-to-date with current economic and business affairs.
The change in the structure of the PTAP is a positive development. It will ensure that students are well-rounded and have a good understanding of current economic and business affairs. This will be beneficial to students in their future careers as chartered accountants.thumb_upthumb_downuploadGoogle itmore_vert
ICAI has launched a new Notification on its website Important?Announcement Section on 01-02-2019. The notification specifies about the inclusion of Economic & Business Affairs of about 8-10 marks in Practical Training Assessment Paper.
Notification is issued via PDF (link shared below) on https://icai.org site –
https://resource.cdn.icai.org/53893bos43282.pdf
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