The Institute of Chartered Accountants of India (ICAI) makes announcements from time to time. The announcement is made on the official website so that there is no confusion among the candidates who will be appearing for the exam or waiting for the results.
The candidates can visit the official website and can find each and every piece of information whether it is the postponement of exams, placements, the release of the date sheet, or any other announcement.
Are you also looking for the latest CA announcement
What Are the New Changes in CA Course?
The Institute of Chartered Accountants of India (ICAI) has made several changes to the Chartered Accountancy (CA) course over the past few years. In June 2022, the ICAI announced a few more changes in the CA course which are likely to be implemented in the May 2024 attempt.
The course content will be altered to align with the International Curriculum so that students pursuing CA can become global experts in the upcoming years. According to the New Education Policy, reforms have been implemented, and rote learning has been replaced with a concentration on conceptual application. Students in CA will be taught technical skills such as artificial intelligence (AI), data analytics, big data, data science, etc.
The following are the changes made to the number of subjects in the CA course:
| S.NO | Level of Course | Number of Subjects Before Changes | Number of Subjects After Changes |
| 1. | CA Foundation | 4 papers (6 Subjects) | 4 papers (4 Subjects) |
| 2. | CA Intermediate | 8 papers (4 in each group) | 6 papers (3 in each group) |
| 3. | CA Final | 8 papers (4 in each group) | 6 papers (3 in each group) |
The duration for articleship has been reduced from 3 to 2 years and the Self-Paced modules have been added by ICAI so that candidates can learn at their own pace and give exams
What Is the Latest News about ICAI Convocation?
The ICAI hosts a convocation twice a year to recognize newly certified chartered accountants. By bringing them together under the auspices of the Chartered Accountants fraternity, the Convocation seeks to cultivate a sense of community among junior members of the accounting profession.
Recently, the ICAI convocation was held in 12 locations across the country in January. The dates for the event were 24-25 January for different cities and details of the location were also provided. Personal communication was also sent to each and every candidate to confirm their presence.
What Are the New Rules for Chartered Accountants 2022?
Some of the major changes were proposed by the ICAI in the course of Chartered Accountancy and the same was shared on the official website. There is no confirmation from the ICAI that when these changes will be implemented but these are likely to be implemented in May 2024 attempts.
Below are the new rules that have been proposed by the ICAI:
- To apply for COP (Certificate of Practice), a person must complete 1 year of post-qualification experience as a practicing FCA (Fellow Chartered Accountant). It should have been within the last five years.
- Interested candidates can register for Foundation after completing the 10th standard and will be eligible only after taking the 12th standard exams.
- Candidates who have passed the CWA or CS Intermediate Examinations are excluded from taking the Foundation Examination.
- The BAA (Business Accounting Associate) Certificate has replaced the ATC (Accounting Technician Course).
- The articleship’s duration also has been reduced from 3 to 2 years.
- The students must have a one-year experience in a CA firm in order to practice Chartered Accountancy.
- Candidates can also go for industrial training in the last year of their articleship for a period of nine months to one year.
- ICAI has also announced that stipends will be increased by 100% as many students had complained that the stipend is quite low.
- ICAI has reduced leaves to 12 days for a year which will be 24 days for 2 years.
- To be eligible for the final exam, the candidates have to score at least 50% marks in each module stated above.
When CA New Syllabus Started?
The exams for the year 2023 will be held as per the existing scheme but the new syllabus is likely to be implemented from the May 2024 attempt. There is no official announcement on the implementation of the new syllabus but the candidates who are attempting the May 2024 exam should keep a check on the announcement provided by ICAI on their website.
FAQs: CA Announcement
Are CA exams going on?
No, CA exams will be held in May and June for CA Foundation, CA Intermediate, and CA Final.
Is there any change in CA Foundation syllabus 2023?
No, there are no changes in the CA Foundation syllabus 2023.
Is CA course duration reduced?
Yes, under the new scheme, the CA course duration will be reduced by 6 months.
Conclusion
As we all know now what the CA announcement was all about, we are well prepared for all the upcoming changes that will be made soon by the ICAI to the curriculum. These changes are super beneficial for all the upcoming Chartered Accountants as it will have a more practical approach keeping in mind the fast-paced environment.
Check out our other articles, if you want to know more about the CA course, and share them with your friends too!
