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CA curriculum undergoes major overhaul; ICAI introduces Foundation Course

Speed News Desk | First published: 17 October 2016, 12:49 IST
CA curriculum undergoes major overhaul; ICAI introduces Foundation Course
CA curriculum undergoes major overhaul; ICAI introduces Foundation Course
QUICK PILL
  • Information Technology (IT) courses introduced
  • Foundation Course to replace Common Proficiency Test (CPT)
  • New course option introduced

The Institute of Chartered Accountants of India (ICAI) will implement one of the biggest changes in the current syllabus and pattern.

According to information available, ICAI will emphasise more on Information Technology and practical application of knowledge.

The body is also gearing up to teach a range of topics that will help Chartered Accountant (CA) candidates gain employment across the world. The new syllabus has been prepared by the Board of Studies, ICAI, with approval from the Central Council. The changes are expected to be implemented from January 2017 onwards.

Another massive change that will soon be introduced is replacing the Common Proficiency Test (CPT) by the Foundation Course.

In the current CPT system, students attempt multiple-choice objective questions where one has to select a correct option out of four choices.

Once the Foundation course scheme is implemented, candidates will need to answer subjective questions along with the multiple-choice questions.

Moreover, two new subjects are being added, details of which are yet to be announced

 
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