New Delhi : The syllabus for Chartered Accountant (CA) studies is set to change from July 1 in line with the new education policy. This revision comes after a span of 7 years. Under the new syllabus, there will be 16 written papers in the Foundation, Intermediate, and Final exams, with the remaining 4 papers being self-paced learning modules. Students will have the flexibility to take these 4 papers online from anywhere in the country.
The minimum duration to complete the CA degree has been reduced to 3.5 years from the previous four and a half years. Additionally, the stipend provided to students during their articleship will be doubled.
One of the key changes in the new syllabus is that students will have the freedom to study subjects of their choice. The revised curriculum includes subjects such as Indian Constitution, Technology, Psychology, Art of Advocacy, and Philosophy from the Foundation level to the Final level. Previously, there were two accounting papers in CA Intermediate and Final, but now there will be only one. Similarly, costing, which used to be part of both intermediate and final levels, will only be studied at the intermediate level and will be removed from the final level.
The duration of CA articleship will remain at 24 months, with only one month of leave being permissible. During the articleship, students will not be required to study.
According to Pankaj Sharma, Secretary of the ICAI Gwalior Branch, these changes in the course will not only save students’ time but also provide them with an opportunity to become experts in new fields by studying new subjects in accordance with current circumstances. Furthermore, the updated syllabus will enable Chartered Accountants to play a significant role in Information Technology.