Revised CA Course (Foundation/ Intermediate/ Final) w.e.f. 1 July 2017: ICAI

ICAI’s Revised Scheme of Education & Training for CA Courses (Foundation/ Intermediate/ Final)

A. Implementation of Revised CA Courses (Foundation/ Intermediate/ Final) w.e.f. 1 July 2017

ICAI Announcement dt. 27 May 2017

ICAI has announced that Revised CA Course (Education and Training) will be implemented from 1 July, 2017 and onwards, however the students eligible under existing scheme can register upto 30 June 2017 for CPT/ IPCC/ Final course, i.e. afterwards the existing scheme will be discontinued/ replaced by the Revised CA Course (Foundation/ Intermediate/ Final).

ICAI Notification dt. 25 May 2017

The ICAI has notified the “Chartered Accountants (Amendment) Regulations, 2017” which are applicable from 25 May 2017 (the date of publication in the Official Gazette. The draft amendment regulations were published by ICAI on 20 Dec. 2016 inviting objections/ suggestions from stakeholders and the feedback so received has been considered by the ICAI in due course.

A1. Overview of the Revised CA Courses (Foundation/ Intermediate/ Final) to be implemented by ICAI w.e.f. 1 July 2017

The ICAI has shared an executive summary/ overview of the revised scheme of education and training which is applicable in respect of all CA Courses (Foundation/ Intermediate/ Final) w.e.f. 1 July 2017, as under:

Summary of Revised Process under Foundation/ Other Route to become CA

A2. Syllabus of the Revised CA Courses (Foundation/ Intermediate/ Final)

Summarised details of the Syllabus of ICAI’s exams under revised CA Courses (i.e. Foundation, Intermediate and Final) from 1 July 2017 onwards:

Revised Syllabus of ICAI’s Exams (Foundation/ Intermediate/ Final) w.e.f. 1 July 2017

A3. Integrated Courses of ICAI on Information Technology and Soft Skills (ICITSS/ AICITSS)

Under the revised scheme of CA education, the ICAI will conduct two courses of 4 weeks each :- i) ICITSS and ii) AICITSS, as under:

ICAI’s Integrated Courses on Information Technology and Soft Skills (ICITSS/ AICITSS)

A4. ICAI’s FAQs on Revised CA Courses (Foundation/ Intermediate/ Final/ ICITSS/ AICITSS) w.e.f. 1 July 2017

In order to clarify the doubts/ queries which may arise in the mind of students/ stakeholders with regard to the Revised CA Course (Foundation/ Intermediate/ Final/ ICITSS/ AICITSS), the ICAI has issued a set of 57 FAQs, as under:

ICAI’s 57 FAQs on Revised CA Courses (Foundation/ Intermediate/ Final)

A5. ICAI’s Implementation Schedule for Revised CA Courses

The ICAI has summarised the implementation schedule of revised CA course, depicting the information regarding the last date of registration under Existing Scheme, date of commencement of registration under Revised Scheme, last exam at all levels under Existing Scheme and the number of parallel attempts of examinations at all levels under both Exiting and Revised Scheme, as under:

ICAI’s Implementation Schedule for Revised CA Courses

However, detailed paper wise exemption plan will be notified by the ICAI in due course.

B. ICAI proposes Changes in Syllabus/ Exam Pattern under Revised CA Course Education and Training

The ICAI had proposed to revise the syllabus and exam pattern of CA course by including new subjects, to help create better global Auditors, Accountants, Finance Executives and CFOs in India to keep pace with the effect of changing times and complexities of financial world concerning professionals.

In other words, ICAI planned to further change a decade old CA Course, being the toughest professional course in India, to produce refined professionals who can stand test of times. Also, the ICAI approached MCA for the purpose of revision of CA Course by way of modifications in the curriculum, introduction of new subjects, electives, select open book tests, etc. after considering suggestions and comments from the stakeholders, including, inter-alia, the following:

i) Entry level exam, i.e. Foundation Exam, to be more tough as the exam pattern to be based on Subjective questions as well as objective type questions

ii) Introduction of two new subjects ‘Business Correspondence & Reporting and Business & Commercial Knowledge’ at Foundation level.

iii) Introduction of a new subject “Economics for Finance” at Intermediate level

iv) Introduction of a new subject ‘Electives’ as the eighth paper at CA Finals level. This subject will include ‘Risk Management, International Taxation, Financial Services and Capital Markets, Global Financial Reporting Standards, Economic Laws and Multi-Disciplinary Case) and the students will appear for an open-book exam to handle questions based on case studies.

v) Students can register for three years practical training on passing either or both groups of Intermediate exam, whereas in present system eligibility depends on passing Group One or Both Groups.

vi) Students joining through Foundation Course route will take about 4.5 years to qualify as CA while those who are eligible for direct admission will qualify as CA in about 3.5 years

vii) Renaming of subject ‘Information System Control and Audit’ as ‘Information System Risk Management and Audit’

viii) Students of Class 12 can register after appearing in exam.

It may be noted that earlier the ICAI had invited comments/ suggestions on draft amendments in CA Regulations, 1988 w.r.t. Revised CA Course on 21 April, 2016, after GoI approval to proceed with Revised Scheme of CA Course.

Draft Revised Scheme of Education and Training – ICAI Notification dt 18th April, 2016


  1. Sai Jun 28, 2017
  2. Neha Agarwal Jul 1, 2017
  3. Jai Jul 3, 2017

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