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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