CA Final New Syllabus

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CA Final New Syllabus (Proposed)


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Changes in CA Final Registration & Examination

Aspect Current Proposed
Eligibility for admission

A student who has passed both groups of Intermediate Examination and completed Integrated Course on Information Technology and Soft Skills.

 Same as Before
Validity of registration No Restrictions 10 years. Re-validation with prescribed fee permitted.
Eligibility for appearance in examination Completed Advanced ICITISS Course (Advanced IT and MCS).

Completed 2.5 years of Practical Training		 Completed Advanced ICITISS Course (Advanced IT and MCS).

Completed 6 months after the completion of practical training before the 1st day of month in which examination is held.

Qualified the four self-paced online modules.
  • Register for Final Course. The registration is valid for 10 years which can be revalidated after every 10 years.
  • Articleship period will be 2 years of which 2nd year can be for industrial training (eligible leave 24 days for 2 years)
  • Undergo Advanced Integrated Course on Information Technology and Soft Skills Course, pass Self-Paced Online Modules and Complete articleship before appearing in Final Examination
  • When only 6 months are left to complete Articleship, then appear for Final examination. The syllabus contains 6 papers divided in two groups. Passing marks is 40% in each paper and 50% in each group. If unsuccessful in clearing exams, apply for Business Accounting Associate
  • A candidate getting exemption in any paper will need to pass the remaining papers within the next 3 attempts. The exemption can be availed further subject to passing marks of 50% in each paper.
  • Pass both groups of Final Examination and apply for ICAI membership. To apply for Certificate of Practice, undergo 1 year work experience under a fellow CA in practice.

Changes in Training period

Aspect Current Scheme Proposed Scheme
A Total number of days of training 1095 (365 X 3) 730 (365 X 2)
B Leaves permitted 156 leaves (1095 X 1/7th days ) 24 leaves (12 per year)
C No of Sundays (52 in a year) 156 (52 X 3) 104 (52 X 2)
D No. of Gazetted Holidays (Approx 15 in a year) 45 (15 X 3) 30 (15 X 2)
E Paid leaves for Advance ITT and MCS 30 0*
F Effective days of Training [Total of A – (B+C+D+E)] 708=[1095 –(156+156+45+30)] 572 =[730-(24+104+30+0)
Difference between period of the traning under proposed scheme 136 days (708-572)
* Advanced ITT and MCS can be done after completion of Training under Proposed Scheme

  • In the Current Scheme, students can commence training after passing either of the Groups of Intermediate Course. In the proposed scheme, students will be enrolling for the training after completion of Intermediate Course which will help in focused and seamless training.
  • In the Proposed Scheme, though number of days of training will be reduced to a certain extent, however, the training will be continuous and more effective because students have already passed both the Groups of the Intermediate and will be appearing in the Final examination after completion of training.
  • No preparatory leaves are required in the Proposed Scheme as Training would be examination free.
  • In the Proposed Scheme, number of days of training will be reduced to a certain extent. However, the training will be continuous and more effective because students have already passed both the Groups of the Intermediate and will be appearing in the Final examination after completion of training. So the students will be having proper knowledge of practical concepts of subjects like taxation, accounting, auditing, etc.

Time to become a Chartered Accountant

Aspect Current Scheme Proposed Scheme
Registration for Foundation / appear for 10+2 Start Start
Appear for Foundation Examination 4 months 4 months
Study for Intermediate Examination 8 months 8 months
Articleship 36 months 24 months
Study for Final Examination - 6 months
Total period to become ICAI member 48 months 42 months
Work experience for applying CoP - 12 months

The above neither includes time taken for declaration of results nor waiting time before next exam falls due. However, with the proposal to conduct online examination and / or more than 2 exams in a year, the time for results or next exam due would come down.

Changes in CA Final Subjects & Syllabus

Current Proposed
Paper -1 : Financial Reporting Paper -1 : Financial Reporting
Paper -2 : Advanced Financial Management Paper -2 : Strategic Financial Management
Paper -3 : Advanced Auditing & Professional Ethics Paper -3 : Advanced Auditing & Professional Ethics
Paper -4: Corporate and Economic Laws Under Self-Paced Online Mandatory Module
Paper -5: Strategic Cost Management and Performance Evaluation Under Self-Paced Online Mandatory Module
Paper -7 : Direct Tax Laws and International Taxation Paper -4 : Direct Tax Laws and International Taxation
Paper -8 : Indirect Tax Laws Paper -5 : Indirect Tax Laws

  • Ethics and Information Technology to be integrated with the curriculum of all subjects at the Final Level

Current Proposed
Paper -6 : Electives (1 out of 6) Paper -6 : Integrated Business Solutions (Multi-disciplinary case study with Strategic Management)
Paper -6A : Risk Management
Paper -6B: Financial Services and Capital Markets
Paper -6C : International Taxation
Paper -6D : Economic Laws
Paper -6E : Global Financial Reporting Standards
Paper -6F : Multidisciplinary Case Study

  • Multi-disciplinary case study is being made compulsory, and the same would be integrated with strategic management. This paper is necessary to assess the student’s ability to integrate the concepts and provisions across different subject areas, analyse them and apply them in addressing issues and solving problems in a multi-disciplinary case study involving strategic decision making.
  • The current elective papers like risk management and financial services and capital markets would be included in self-paced online module [SET C], out of which students can opt one based on their desired area of specialisation.

Self-Paced Online Modules

Set A (compulsory) Set B (compulsory)
Economic Laws.
  1. Foreign Exchange Management Act, 1999
  2. Insolvency and Bankruptcy Code, 2016
  3. Prevention of Money Laundering Act, 2002
  4. Competition Act, 2002 5. Securitisation and Reconstruction of Financial Assets
  5. Enforcement of Security Interest Act, 2002
  6. Real Estate (Regulation and Development) Act, 2016 8. Prohibition of Benami Property Transactions Act, 1988
 Strategic Cost Management and Performance Evaluation
Set C (any one to be selected) Set D (any one to be selected)
Specialisation Elective
  1. Risk management
  2. Integrated and Sustainability Reporting
  3. Government Accounting and Public Finance
  4. Introduction to Digital Ecosystem and Transformation
  5. International Taxation
  6. Arbitration, Mediation and Conciliation
  7. Forensic Audit
  8. Financial Services and Capital Markets
  9. Valuation
  10. Forex and Treasury management
 Incorporating Multi- disciplinary approach envisaged in NEP, 2020
  1. Constitution of India
  2. Psychology (including self- awareness)
  3. Entrepreneurship (to include MSMEs & Start ups)
  4. Communication (to include advocacy)
  5. Philosophy

Other examination aspects

Aspect Proposed / Existing Final
Number of papers Existing 8 papers (2 groups of 4 papers each)
Proposed 6 papers (2 groups of 3 papers each)
No. of Examinations in a Year Existing 2
Proposed 2 (to be increased to 3 after systems are in place)
Medium (Language) Existing English or Hindi
Proposed English or Hindi
Manner of assessment Existing 30% MCQs / Case Scenario based and 70%descriptive questions and closed book in select papers.
No negative marking.
Proposed 30% case scenario / study based MCQs and 70% descriptive questions in all papers with negative marking of 25% for each wrong answer to MCQs.
Open book/Restricted open book pattern of assessment.
Negative marking would prevent students from resorting to guess work while answering questions. They would strive to improve their preparation and hone their application skills in order to answer correctly in the MCQ based papers
Pass percentage Existing 40% marks in individual paper and 50% marks in aggregate to pass the group.
Proposed 40% marks in individual paper and 50% marks in aggregate to pass the group.
For Self-paced online modules the minimum marks for passing in each module would be 50%.

Aspect Proposed / Existing Intermediate/Final
Exemption Existing If student secures 60% or more, in paper/s in one attempt, exemption of such paper(s) for immediate 3 attempts is allowed and thereafter exemption will lapse.
Proposed If student secures 60% or more in paper/s in one attempt, exemption of paper(s) for immediate 3 attempts is allowed.
Thereafter, exempted paper/s will be treated as permanently passed and student has to score 50% to pass in the remaining paper/s individually. Student may, however, opt to surrender the exemption after three attempts.

Practical Training

Aspect Existing Proposed
Industrial Training Last 9 to 12 months of the Practical Training Same as before
Transfer Articles so engaged may, by agreement between the articled assistant and his principal, be terminated under such exceptional circumstances or conditions, as may be decided by the Council During the second year of training, the termination of articles shall be permitted if the articled assistant opts for industrial training or under such exceptional circumstances or conditions, as may be decided by the Council.
Stipend Existing slab has been indicated in the table beneath Regulation 48(1) There has been 100 per cent increase in the stipend presently paid to the articled assistants.

  • Consequent to the changes in duration of the practical training, industrial training would be permitted in the last leg of practical training for a period of 9 months to 12 months.
  • Since industrial training is permitted in the last 9 – 12 months of practical training period of two years, the requirement for transfer has been accordingly modified.

Exit Route - Business Accounting Associate (BAA)

Aspect Existing Proposed
Eligibility Criteria A candidate, who has opted for the Accounting Technician level, shall be declared to have passed in that level, if he -
(a) passes either of Groups;
(b) completes the Orientation Course for such period and in such manner and within such time as may be specified by the Council from time to time; and
(c) completes the practical work experience in accounting and related fields for a period not less than twelve months in such manner as may be specified by the Council from time to time.		 A candidate would be awarded the certificate of Business Accounting Associate (BAA) on fulfilment of following criteria –
(a) If he has passed both groups of intermediate level examination.
(b) Completed his practical training,
(c) Completed the soft-skills and information technology courses
(d) Qualified the four self-paced learning modules

  • A BAA certificate holder would possess the requisite accounting and technology skills since he would have qualified both groups of the intermediate examination; undergone the stipulated two years articleship training; completed the soft-skills and information technology courses and qualified the four self-paced online modules. This would cater to the needs of the industry by providing quality accounting and financial support staff and help the student in building his career.

Certificate of Practice

Aspect Existing Proposed
Eligibility Criteria No specific requirement A member desiring to obtain Certificate of Practice (CoP) at any point of time would have to undergo one year of post-qualification experience in a CA firm.
In case of existing members, the requirement would be treated as having complied with if they have one year of post qualification experience in a CA firm at any point of time in the last 5 years.

  • A one year post qualification experience is mandated for those applying for COP. Also, members who are in industry and desire to shift to practice would also be required to have a one year experience in a CA firm before they apply for COP.
  • This is to ensure that they acquire the requisite professional skills required to undertake practice, especially in relation to provisions of law and standards, when they desire to opt for practice.

International Curriculum

Aspect Existing Proposed
Eligibility Criteria No specific requirement
  • To build global ready chartered accountants by equipping them with the requisite competencies.
  • Taking brand India and ICAI across the globe by launching the International Curriculum, especially where no professional accounting body exists or where accountancy profession is in the nascent stages of development.
  • International Curriculum of ICAI, with its distinguished features, envisages positioning CA qualification of ICAI as a global qualification to meet the demand for accountancy professionals outside India.
  • Common Curriculum for domestic and international students, with the exception of country specific papers.
  • Virtual Soft Skills and Information Technology Training
  • Candidate residing outside India may undergo Practical Training under eligible Members of Accounting Bodies outside India recognized by the International Federation of Accountants (IFAC).

New Scheme of Training & Education -

The Institute of Chartered Accountants of India (ICAI) has formulated the New Scheme of Education and Training in lines with International Education Standards and National Education Policy, 2020 (NEP) after considering the inputs from various stakeholders. The New Scheme of Education and Training has been notified in the Gazette of India on 22nd June, 2023 and will come into effect from 1st July, 2023. The New Scheme of Education and Training at a glance, is available at https://resource.cdn.icai.org/74483bos-nset.pdf

Important dates for the implementation of New Scheme of Education and Training are given as under:

S.No. Particulars Date/ Attempt
1 Last date for Registration in Intermediate and Final Courses under Existing Scheme 30th June, 2023
2 Date of commencement of Registration and Conversion in Intermediate and Final Courses under New Scheme 1st July, 2023
3 First Intermediate and Final Examination under New Scheme May, 2024
4 Last Intermediate and Final Examination under Existing Scheme November, 2023

Syllabus, Transition Scheme and Frequently Asked Questions (FAQs) will be hosted on 1st July, 2023. Paper wise exemption plan will be announced in due course.

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