The Centre has given its nod for the much awaited CA New scheme of education and training for the CA Course
Expectations are that the CA new scheme of education and training will be launched on July 1 2023 on CA Day.
The CA New Scheme 2023 will be implemented from the May 2024 attempt. ICAI official have said that the new course will not be applicable from Nov 2023
In the revised Scheme, the CA Articleship time has been reduced from three to two years of practical training
In the next slide, we discuss the changes in the foundation, intermediate, and final courses under the CA new Scheme
The CA Foundation registration is valid for four years. Further, ICAI removed two subjects from the new scheme: Business Correspondence & Reporting and Business & Commercial Knowledge
CA Foundation
Currently the CA Intermediate Syllabus consists of 8 papers and subjects. Now, in the new scheme there will be only 6 papers in the CA Inter course
CA Intermediate
In the CA New Scheme 2023. ICAI has reduced the CA Final Papers from 8 to 6. Now, there are 2 groups that will include 3 papers each.
CA Final
CA New Scheme applicable from May 2024, a student will now take 42 months to become a Chartered Accountant.
The ICAI has also made several changes in CA New Scheme. Students must obtain 50% in order to pass the CA Examination and there will be a 0.25 negative marking for each incorrect MCQ answer
"Want to know more about the latest CA New Scheme update? Visit VSI Jaipur's official page for detailed information!"