ICAI all set to change CA course and syllabus

18-Oct-2016

The Institute of Chartered Accountants of India (ICAI) is planning to change the curriculum and examination pattern of CA course after almost a decade.

The Proposed changes for CA Examinations are:

• The entry level exam to be more tough
• Subjective questions along with the regular objective type questions will have to be answered by the candidates
• A new subject, Economics for Finance to be introduced at the intermediate level
• At the final level, electives would be introduced as the eighth paper (which will include- Risk Management, International Taxation, Financial Services and Capital Markets, Global Financial Reporting Standards, Economic Laws and Multi-Disciplinary Case) where students will appear for an open-book exam to handle questions based on case studies
• Earlier, students had to register for three years of practical training on passing group 1 or both groups of the intermediate examination. Now, it has been proposed that the students may register for three years of practical training on passing either or both groups of the intermediate examination
• Students going through the foundation course will take roughly four-and-a-half years to become CAs, while those qualifying for taking direct admission will take approximately three-and-a-half-years
• Information System Control and Audit renamed as Information System Risk Management and Audit
• Class 12 exam appeared students will also be able to register.