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The Institute of Chartered Accountants of India (ICAI) has released a notice regarding the new CA exam pattern under the New Scheme of Education and Training at icai.org. The changes will be effective from ICAI CA May Exam 2024. Read details here!
New Delhi: Institute of Chartered Accountants of India (ICAI) has released an official notice informing about the exemptions from appearing in CA Intermediate and CA Final exams under the New Scheme of Education and Training on the official website at icai.org.
According to the ICAI, it will grant exemptions for CA Intermediate exams and for CA Final exams to the existing students under the new syllabus for papers passed by them under the old, existing scheme. These exemptions will be effective for the ICAI CA May Exam 2024.
ICAI official statement read, “ For Final CA exams, the council has decided to continue to award exemption in a paper or papers to a candidate, granted earlier under the old, existing scheme, for unexpired chance(s) of exemption in corresponding paper(s) approved by the council under new scheme.”
It further stated that” Candidate who have passed in any one paper but not in both groups of the Final Examination under the existing scheme shall be eligible for exemption in that particular group. They shall be required to appear and pass in the remaining group or paper(s) in order to pass the CA Final examination under the new scheme.”
| Direct Link: ICAI New Scheme for May Exam 2024 |
CA Intermediate Exam: Exemptions Under New Scheme
Candidates can check the information provided below for the exemptions given by the ICAI under the new scheme:
| Paper(s) under Existing Scheme | Corresponding Paper(s) under New Scheme |
|---|---|
| Paper 1: Accounting | Paper 1: Advanced Accounting |
| Paper 2: Corporate and Other Laws | Paper 2: Corporate and Other Laws |
| Paper 3: Cost and Management Accounting | Paper 4: Cost and Management Accounting |
| Paper 4: Taxation | Paper 3: Taxation |
| Paper 5: Advanced Accounting | Paper 1: Advanced Accounting |
| Paper 6: Auditing and Assurance | Paper 5: Auditing and Ethics |
| Paper 7: Enterprise Information Systems and Strategic Management | Paper 6: Financial Management and Strategic Management |
| Paper 8: Financial Management and Economics for Finance | Paper 6: Financial Management and Strategic Management |
Check: How to become a Chartered Accountant?
For the CA intermediate exam, ICAI decided to continue to award exemption in paper to candidates, as it was granted earlier under the old existing scheme, but for unexpired chance(s) of exemption in corresponding paper(s) as approved by the council under new scheme. For more information, visit the official website at icai.org.
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