ICAI New Proposed Syllabus for CA 2023

Important Focus areas identified for Way Forward:-

• Requirement for change in manner of learning.
• Honing of Interpretational skills.
• Duration of the course.
• Internationalization of the CA Course.
• Futuristic outlook in the Scheme of Education and Training.
• Higher Degree of Industry Orientation.
• Integration of Ethics.
• Intermittent Success Route.

1. Total number of days of training - 730 (365 X 2)
2. Leaves permitted - 24 leaves (12 per year)
3. No of Sundays (52 in a year) - 104 (52X 2)
4. No. of Gazetted Holidays (Approx15 in a year) - 30 (15X2)
5. Paid leaves for Advance ITT and MCS - 0*
6. Effective days of Training [Total of 1–(2+3+4+5)] - 572

• Focused and seamless training is being introduced under Proposed Scheme as students will be enrolling for the training after completion of Intermediate Course. In the Current Scheme, student can commence training after passing either of the Groups of Intermediate Course. In case of students being unsuccessful at Intermediate exam, more preparatory leaves are availed. 
• Student will be appearing in the Final examination after completion of 6 months from end of Practical Training, whereas, in the Current Scheme, student can appear in the Final examination after completion of 2 ½ year of practical training.
• No preparatory leaves are required as Training would be examination free in the Proposed Scheme.
• 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.  

• Paper -1: A portion from the subject “Accounting” at the Intermediate level in the current CA course would be included in the proposed scheme so as to increase the standard of the Foundation level.
• Paper -2: Business Correspondence and Reporting is not being separately included in the new course. Instead, to facilitate students with the requisite communication skills, an online course would be launched on English/Business communication, which would be recommendatory. 
• Paper -2: A dedicated 100 marks descriptive paper against 60 marks paper (in the current CA course) is proposed for “Business Laws”, which would help assess communication skills in addition to understanding laws. 
• Paper -4: A dedicated 100 marks paper as against 60 marks paper (in the current CA course) on “Business Economics” will include topics from the subject “Economics from Finance” at the Intermediate level in the current CA course.
• Paper -4: Students would get exposure of Business and Commercial Knowledge as part of their practical training in a more integrated manner and is therefore excluded in the new course 

• Instead of two papers on accounting (in the current CA course) there would be a single paper “Advanced Accounting”. However, there will be no reduction in the content which is covered in two papers in the present scheme vis-à-vis one paper in the proposed scheme (some portion will be moved to Foundation level).
• The paper on “Corporate Laws” would cover The Companies Act in its entirety, since “Business Laws” is already covered at Foundation level through a 100-mark paper.
• Instead of a paper on “Enterprise Information Systems” at this level, information technology education is being integrated with subjects at the Final level.  

 Set A - (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. Securitization and Reconstruction of Financial Assets
6. Enforcement of Security Interest Act, 2002
7. Real Estate (Regulation and Development) Act, 2016
8. Prohibition of Benami Property Transactions Act, 1988

Set B - (compulsory)

Strategic Cost Management and Performance Evaluation

Set C - (anyone to be selected) Specialization 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

Set D - (anyone to be selected) Incorporating Multi-disciplinary approach envisaged in NEP, 2020

1. Constitution of India
2. Psychology (including self-awareness)
3. Entrepreneurship (to include MSMEs & Startups)
4. Communication (to include advocacy)
5. Philosophy 

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

Eligibility for admission Register with BoS after passing class 10 examinations. 

Validity of registration 4 years from the date of registration. 

Eligibility for appearance in examination: - Appear in Foundation examination after appearing in class 12 examination and completing minimum study period of 4 months before the 1st day of the month in which examination is held.

• If a candidate is not able to clear Foundation Exam within 4 years of registration, he can opt for alternative route of direct entry to Intermediate Course subject to fulfilling stipulated conditions.
• Four Months Study Period has been specified and cut-off dates i.e., 1st January and 1st July have been removed. This will also enable holding of Foundation Exams more than two times in a year 

Eligibility for admission: - A student who has passed CA Foundation and class 12th Examination. Direct Entry Route: Commerce Graduates / Post-Graduates (with minimum 55% marks) or Other Graduates / Post-Graduates (with minimum 60% marks) or Intermediate level passed candidates of Institute of Company Secretaries of India and Institute of Cost Accountants of India.  

Validity of registration: - 5 years. Re-validation with prescribed fee permitted once. 

Eligibility for appearance in examination: - Foundation or Direct Entry route: 8 months study period.

•  In case of graduates/ post-graduates, students can provisionally register in the Final year of graduation/ post-graduation and the 8 months study period would be counted from the date of provisional registration. They should have, however, passed graduation/ post-graduation, as the case may be, with prescribed minimum marks, at the time of making an application for appearing in Intermediate examination.

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

Validity of Registration: -  10 years. Re-validation with prescribed fee permitted. 

Eligibility for appearance in examination: - 

• 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.