The Institute of Chartered Accountant of India (ICAI) has recently proposed a New CA Education and Training Plan. The newly designed plan includes the revision of all levels of the CA Course as well as the practical training.

Earlier, ICAI had changed the CA curriculum in 2017 and introduced new CA Foundation, Intermediate and Final course syllabuses.

  • CA Foundation4 Subjects instead of 6 Subjects
  • CA Intermediate – 6 Papers (3 in each Group)
  • CA Articleship Period – Reduced from 3 to 2 years
  • CA Final – 6 Papers (3 in each Group)

Some papers from all three levels are merged and some are removed in the CA new syllabus 2023. Furthermore, the CA Articleship period is reduced from three years to two years under the new scheme.

  • Eligibility
  • Registration Validity
  • Curriculum
  • Subjects
  • Paper Pattern
  • Passing Requirement
  • Exemptions
  • Training Leaves
  • Total Period of Completion

It is confirmed that the new ICAI CA course would not be implemented with the November 2023 attempt. So, it is believed that the new CA scheme may be applied from the May 2024 attempt and a student will now take 42 months to become a Chartered Accountant instead of 48 months.


At present, there are no specific guidelines regarding the number of attempts allowed for the CA Foundation course, which means that students can attempt the exam as many times as they wish. Additionally, the registration validity for the CA Foundation can be extended multiple times.

Under the proposed education and training system, students will be eligible to register for the CA Foundation course after completing their 10th grade. The registration for the CA Foundation course will be valid for a duration of four years. It is important to note that students will not be permitted to extend their foundation registration beyond this four-year period.

In the proposed education and training system, the Institute of Chartered Accountants of India (ICAI) has eliminated the cut-off dates for CA Foundation enrollment, such as January 1 and July 1. This will allow the ICAI to conduct three exams per year, providing more flexibility to the students.

The CA Foundation course currently comprises six subjects and four papers. However, the ICAI has removed two subjects, namely Business Correspondence & Reporting and Business & Commercial Knowledge, from the new syllabus.

Additionally, the ICAI has introduced various modifications to the CA Foundation exam pattern. Students are now required to secure a minimum of 50% marks to pass the CA Foundation exams under the new scheme. Moreover, there will be a negative marking of .25 for each incorrect answer in the multiple-choice questions (MCQs).


The eligibility criteria for the CA Intermediate course remain unchanged. However, direct entry students are now required to complete an 8-month study period to be eligible to sit for the exams.

Under the new scheme, the CA Intermediate registration will be valid for five years instead of four. Students can revalidate their registration only once during this period by paying the stipulated fees.

The CA Intermediate course will now comprise six papers instead of eight. The ICAI has proposed the following changes to the CA Intermediate subjects:

  • Paper 1 and 5 have been merged into one paper – Advanced Accounting
  • Enterprise Information Systems has been removed from Paper 7
  • Economics for Finance has been removed from Paper 8
  • The remaining topics have been merged into Paper 6 as Financial Management and Strategic Management (50 marks + 50 marks)
  • Paper 2 of Corporate Law will cover the Companies Act entirely
  • The portion of Business Law will be covered at the CA Foundation level

The passing requirements for the CA Intermediate exams have also been modified. All six papers will have 30% MCQ-based questions, and there will be a negative marking of 0.25 for each incorrect answer. If a student gets an exemption in any paper under the new scheme, the exemption will be permanent for that paper. However, the student must pass the remaining papers with at least 50%.


The ICAI has recommended significant improvements to the CA Articleship training program that will benefit students.

One of the significant changes is the reduction of the CA Articleship duration from three to two years. This means that CA aspirants can now become Chartered Accountants sooner than before.

However, with the shorter period of CA Articleship comes a condition for aspirants who want to become practitioners.

Students who wish to practice as CAs must have at least one year of experience in a Chartered Accountancy firm. They will then receive a practice certificate.

Existing CAs will be considered fulfilled if they have worked for one year in a CA firm within the last five years. This condition does not apply to anyone seeking employment.

To be eligible to begin Articleship training under the CA new scheme 2023, students must pass both groups of CA Intermediate and complete ICITSS training.

The student will benefit from the change because they will be able to focus solely on practical training and will not have to worry about exam preparation.

The ICAI has also decided to increase the CA Articleship stipend by 100% because many students complain that their current stipend is inadequate.

Since students are not required to take exams during their practical training, the ICAI has reduced the number of leaves. Students can take a maximum of 12 leaves every year, totaling 24 leaves in two years.


In the CA New Scheme 2023, students must clear both rounds of the CA Intermediate exams and complete ICITSS training to register for the CA Final course. However, to appear for the CA Final exams, students must also complete the Advanced ICITSS course, undergo a six-month study period after practical training, and clear all four self-paced modules.

The CA Final registration is valid for ten years, after which aspirants can revalidate their registration for a prescribed fee.

In the CA New Scheme 2023, ICAI has reduced the number of CA Final papers from eight to six. There are two groups, each consisting of three papers.

The following changes have been made to the CA Final subjects:

  • Papers 4 and 5 have been removed and included in the self-paced modules.
  • Paper 6 will now be a Multi-disciplinary case study with Strategic Management, with no options.
  • Elective subjects such as risk management and financial services and capital markets are now part of Set C of the self-paced modules.

Additionally, CA Final papers will now have 30% MCQ-based questions, and there will be a negative marking of 0.25 for every incorrect objective answer.

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