Chartered Accountancy syllabus change: Prime Minister Narendra Modi will launch a revised Chartered Accountancy syllabus at all levels on July 1, the day on which Goods and Services Tax Act will become effective across the country. The syllabus change news has been confirmed by G Ramaswamy, former president of Institute of Chartered Accountants of India (ICAI). The Hindu reported him as saying that the number of students pursuing CA will also increase in the coming few months because of tax reforms.
According to Ramaswamy, there are over two lakh CA professionals at present and around 1 lakh more are in demand. ICAI council member Supriya Kumar said that the CA syllabus will be reviewed regularly and there will be changes at all level. The course will be structured in phases to make it easy for students to understand. The syllabus revision has been done in accordance with International Education Standards of the International Federation of Accountants.
To aware the students about the same, a two-day conference was held in Coimbatore from Saturday in which about 1,300 students took part, according to The Indian Express. ICAI will conduct November 2017 CA exams from November 2-16 this year at 172 cities across India and in four cities abroad — Abu Dhabi, Dubai, Kathmandu and Muscat. You can check the full schedule for the exams on the official website (icai.org).
Chartered Accountant is one of the most sought after professions in India. ICAI, The Institute of Chartered Accountants of India conducts the process and certifies the students as a Chartered Accountant (CA) after candidates successfully complete the course.
There are four levels in a CA exam:
1. CPT (Common Proficiency Test)
2. IPCC/IPCE (Integrated Professional Competence Course)
3. Three years of Articleship under any C.A who is practising the profession
4. CA Final Exam