CA course- Proposed changes by ICAI in Chartered Accountancy syllabus

Proposed Changes in CA course, submitted by ICAI to Ministry of Corporate Affairs:

=> According to the proposed changes, candidates would have to answer subjective questions as well as objective questions in Foundation level exam.

=> Introduction of new papers ‘Business correspondence and reporting’ and ‘Business and commercial knowledge’ at the Foundation level and ‘Economics for finance’ at the Intermediate level.

=> In Final, electives would be introduced as the eighth paper . It include Risk Management, International Taxation, Financial Services and Capital Markets, Global Financial Reporting Standards, Economic Laws and Multi-Disciplinary Case. Students will have to appear for an open-book examination and questions will be based on case studies.

=> Control and audit has been renamed as Information system risk management and audit.

=> Students will be allowed to register for Foundation course only after appearing for the Class 12 examination and after a four-month study period after passing Class 12, they can appear for exam.

=> ICAI has proposed that students may register for three years of practical training on passing either or both groups of the Intermediate examination.