Institute of Chartered Accountants of India (ICAI) is going to launch "Revised Scheme of Education and Training for CA Course" on July 1, 2017. Keeping the future global business competencies in mind, the ICAI has formulated the Revised Scheme of Education and Training.
The new scheme has been revised keeping global requirements in mind, aligned with international education standards which will prepare the new CA professionals for the future requirements.
From July 1, 2017, the Revised Scheme of Education and Training for CA course will come into effect and the registration in the CPT/IIPCC/Final under the existing scheme will discontinue.
"In revised scheme, the technical competence, professional skills and professional values, ethics and attitudes expected from a CA are being redefined in order to gear up aspiring Chartered Accountants to take on new roles," said, CA Nilesh S Vikamsey, President, ICAIAbout Revised Scheme
The new scheme would have transparent examination system and vibrant course structure giving students the option for choosing their career profile. The Institute would be promoting e-Shiksha through interactive e-books.
At the foundation level, the methodology of assessment from 'objective' to 'descriptive' to assess the communication and presentation skills, two new subjects of business correspondence and reporting and business and commercial knowledge have been introduced.
At the intermediate level, a new subject "economics for finance" will introduce students on macroeconomic aggregates and measurement of national income, public finance, money market and international trade.
At the final level, there would be seven core papers and one elective paper at this level. The mode of assessment of elective papers is case study based with open book pattern of examination to test application and analytical skills, in line with good practices of international accountancy bodies. Know More
In addition, to the above changes the ICAI's compulsory practical training will continue to be an integral part of the Revised Scheme of Education and Training for CA course. To address students' queries, Toll Free number would be made available.