According to Icai New Scheme 2023, few changes have been made to all the three levels of CA Course. The revised scheme of education of ICAI new scheme also proposed changes in the practical training of three years. In this revised scheme, a few sections have been removed and few have been merged.
Scroll further to have a detailed understanding of the CA new syllabus 2023 and view the changes that have been made in the present scheme and the newly proposed scheme.
ICAI New Scheme 2023
In the CA new syllabus, the below mentioned changes have been made. Along with changes in the syllabus, various changes have been made to the eligibility criteria, registration validity, exam pattern, subjects, passing criteria, exemptions, training leaves and CA Final exemption rules.
| S.L.No. | Course Level | New changes according to the ICAI New Scheme |
| 1. | CA Foundation Level | 4 Subjects
( 2 subjects removed) |
| 2. | CA Intermediate Level | Total 6 papers (3 in each group) |
| 3. | CA Articleship | Articleship Period reduced to 2 years
(Previously it was 3 years) |
| 4. | CA Final Level | Total 6 papers (3 in each group) |
CA Foundation New Course
Have a look at the difference between the old CA Foundation course structure and the newly proposed scheme by ICAI.
| Changes according to the ICAI New Scheme 2023 | Old CA Foundation Course Scheme |
| Students can register only after clearing the 10th board | No exact number of attempts for the CA Foundation course. |
| CA Foundation validity – 4 years | No exact limitation to the CA Foundation registration validity. |
| No cut-off dates for CA Foundation registration. ICAI can conduct three exams in a year | There were cut off dates like January 1 or July 1 for CA Foundation exams |
CA Foundation New Syllabus 2023 and Passing Criteria
The changes that have been proposed in the ICAI new scheme 2023 are as follows:
- CA Foundation that used to have 6 subjects and 4 papers, now has 4 subjects and 4 papers.
- ICAI has removed 2 subjects from the CA Foundation new syllabus. The two subjects are-
- Business Correspondence & Reporting
- Business & Commercial Knowledge
- It is mandatory for students to score 50% in order to pass the CA Foundation exam.
- ICAI has also proposed a negative marking of .25 for every wrong answer in the MCQ answer.
- The old exam pattern had just subjective and objective type questions, without any negative marking.
Students aspiring to start their preparations for the CA Foundation exam, can get their study materials from Lecture Kharido and have access to the best CA Foundation online classes, CA Inter online classes and CA Final online classes.
CA Intermediate Course under ICAI New Scheme 2023
| SL. No | CA Intermediate New Course Scheme | CA Intermediate Old Course Scheme |
| 1. | No changes have been made to the eligibility criteria | Students who have passed CA Foundation and 12th board are eligible to appear in this level |
| 2. | Validity of CA Intermediate registration- 5 years, with re-validation fee charged (allowed only once) | Validity of registration- 4 years, with no restriction for re-validation |
| 3. | Students applying for Foundation or Direct Entry Route have to go through 8 months study period | Foundation Route- 8 months study period
Direct Entry Route- 9 months of practical training compulsory |
CA Intermediate New Syllabus 2023
Below mentioned are the highlights of the changes proposed by ICAI in the CA syllabus of Intermediate level:
- ICAI has removed 2 subjects from the CA Intermediate syllabus.
- Previously there were 8 papers and now there will be 6 papers according to the ICAI New Scheme 2023.
- Paper 1 and 5 are now merged into one paper, that is Advanced Accounting.
- “Enterprise Information Systems” is removed from paper 7.
- “Economics for Finance” is removed from paper 8.
- Remaining part is included in paper 6 as “Financial Management and Strategic Management”.
- Paper 2 of Corporate Laws will be only about the Companies Act.
- Business Law will be covered at the CA Foundation level.
- In the ICAI new scheme 2023, there will be 2 groups of three papers in the CA Intermediate Syllabus.
CA Intermediate Exemption and Passing Criteria
Changes that have been made to the passing criteria and exemption criteria of CA intermediate level exam as follows:
- 30% MCQ questions for all 6 papers.
- Negative marking of .25 for every wrong answer.
- If a student scores 60% in one or more papers in a single attempt, exemption of papers for immediate three attempts is allowed.
- ICAI is to treat the exempted papers of CA Intermediate as permanently passed, after the new scheme. But students have to clear the rest of the papers with 50% marks individually.
- Students can opt to surrender the exempted papers after three attempts.
CA Articleship Training
Highlights of changes proposed by ICAI in CA Articleship Training are:
- The CA Articleship duration has reduced to 2 years from 3 years.
- Students willing to practice Chartered Accountancy,must have at least 1 year of experience in a CA firm.
- This condition does not apply to aspirants who wish to do a job.
- Students can also opt to go for Industrial training for 9 months to 1 year( during the last 1 year of Articleship).
CA Final Course changes under the New Scheme of ICAI
| Highlights | CA Final New Course Scheme | CA Final Old Course Scheme |
| Eligibility(admission) | No changes proposed | Student who has passed both groups of CA Inter exam and completed integrated course on information technology and soft skills |
| Registration | Registration valid for 10 years and re-validation permitted with prescribed fee | No particular restrictions as such |
| Eligibility for Exam |
|
Completed advanced ICITISS course and 2.5 years of practical training |
Students have to clear the four sets of self paced modules to become eligible for the CA Final exams. These sets include:
- Economic Laws(Compulsory)
- Strategic Cost Management and performance evaluation(Compulsory)
- Specialization Elective
- Incorporating multidisciplinary approach envisaged in NEP,2020
Students have to score more than 50% in each module. Both the compulsory papers have been deleted from CA Final old course. In the other two sets remaining, students can choose their topics and can study for them online during articleship training period.
CA Final New Syllabus 2023
According to the ICAI New Scheme 2023, these are the major changes:
- CA Final papers have been reduced from 8 to 6.
- Paper 4 and 5 subjects will be removed and added in self paced modules as compulsory sets.
- There are no more options in paper 6.
- Elective subjects like Risk Management and Financial services are now included in the Set C of self paced modules.
The CA Final papers will have 30% MCQ based questions.There will be negative marking on every wrong answer.The CA final exemption rules are as same as the CA Intermediate exemption rules.
The ICAI new scheme 2023 shall prove to be more beneficial for the future aspirants as it will prepare them all for International markets. The study materials by Lecture Kharido are in full accordance with this newly proposed scheme. Students can avail the benefits and get more information on the official website.
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