The Institute of Chartered Accountants of India (ICAI) has revised the syllabus for the CA course. The change is now happening after more than a decade. The chartered accountants' apex body ICAI will introduce updated syllabus for students "with major revisions".
ICAI has prepared the revised syllabus after extensive consultations and discussions over the past few years. Although minor changes were introduced now and then, this is the first time in more than 13 years that major revisions have been done in the syllabus.
Why is CA syllabus revised?
Revised scheme of education and training has been formulated taking into account changes in the global business competitiveness scenario, according to the Institute. According to ICAI President Nilesh Shivji Vikamsey said major revisions have been done in the syllabus after 13 years.
"The revised course intends to promote innovation and bring about out-of-the-box thinking in the curriculum and education system of chartered accountancy course," he said here.
When was the CA revised syllabus be launched?
Prime Minister Narendra Modi launched the revised syllabus at ICAI's foundation day function on July 1.
Changes in the CA entrance exam
Noting that the entry process would be slightly different, he said, "we had objective questions for 200 marks of four subjects. Now we have made it 400 marks, out of which 200 mark questions will be subjective and the rest objective".
- New subjects have also been introduced at the foundation and the intermediate levels.
- After decades, the institute would be introducing electives for students appearing in the final examination.
- "A student can choose from one out of six papers to specialise in... Out of the eight papers, seven are fixed and one subject the student can choose," Vikamsey said.