There are, again, many differences in the eligibility, registration validity, syllabus, subjects, paper pattern, passing criteria, exemptions, training leaves, and leaving the CA course. Nowadays, the new scheme of education and training is current and waiting for support and amendments. And ICAI has invited suggestions from the concerned members of the society for their suggestions. So, in this paper, you have the chance of everything about the ICAI proposed new scheme of teaching and training in 2023 and compare the old and new systems.
ICAI CA New Scheme of 2023
Before jumping into the details of each course and training, let us check out the CA Course duration under the new scheme. So, in the CA new scheme, a student will take 42 months to become a Chartered Accountant.
CA Foundation New Course 2023
Currently, there are no criteria for several attempts in the CA Foundation course. Therefore, students can give any number of attempts. The CA InterTest Series May 2023 enrollment validity can also be revalidated numerous times. But in the suggested scheme of education and training, students can report behind the 10th, and the CA Foundation registration is valid for four years. Moreover, students cannot further revalidate their foundation enrollment after those four years. Furthermore, there will be no cut-off dates like January 1 and July 1 for the CA Foundation enrollment. This will allow ICAI to complete three exams in a year.
CA Foundation New Syllabus 2023
Currently, the CA Foundation syllabus comprises six subjects and four papers. In the new scheme, ICAI removed two subjects: Business Correspondence & Reporting and Business & Commercial Knowledge.
CA Foundation Passing Criteria
The ICAI has also created some differences in the CA Foundation exam pattern. In the new scheme, students have to get 50% marks to crack the CA Foundation exams, and there will be a negative marking of .25 for every wrong MCQ answer.
CA Intermediate Course under New Scheme 2023
CA Intermediate Eligibility
The eligibility standards for the CA InterTest Series May 2023course are precise as before. To appear in the immediate entry route exams, students must experience an 8-month study period.
CA Intermediate Registration Validity
The validity of the CA Intermediate registration is now for five years as against four years. And CA Intermediate candidates can revalidate their enrollment form only once with the prescribed fees.
CA Intermediate New Syllabus 2023
There will be only six papers in the CA Intermediate course, not eight. The changes suggested by the ICAI in the CA Intermediate issues are:
Paper one and five are merged into one, and one paper is – Advanced Accounting. Enterprise Information Systems is released from paper seven, and Economics for Finance is removed from paper eight. The remaining part is merged in paper six as financial management and strategic management (50 marks + 50 marks). Paper two of corporate law will cover the topic of the company’s act entirely. It’s part of Business law will be protected at the CA Foundation level. Now, there will be two groups of 3 papers each. CA Intermediate Passing Criteria. The passing criteria for the CA Intermediate exam choice also vary. So, there will be 30% MCQ-based questions in all six papers.
Additionally, the negative marking of .25 will subtract for every wrong answer from your total exemption Criteria for CA Intermediate. Behind the new scheme, if you obtain an exemption in any paper, then the exemption will be endless for that paper. That represents the ICAI will treat CA Inter Test Series May 2023the exempted documents as permanently passed. Regardless, you must clear the rest of the papers with 50% marks.