CA New Syllabus likely From November said by ICAI President
CA New Syllabus : The Institute of Chartered Accountants of India(ICAI) President M.Devaraja Reddy today said the ICAI was planning to introduce New syllabus for Chartered Accountant students from November or at least by May next year to improve standards and to reduce the drop-out rate.
Speaking on the occasion, Mr Devaraja Reddy said after participating in a programme on Start-up India policy organised by the institute Premises .
At present even those who passed SSC exam were appearing for the entrance test which consists of multiple choice questions for 200 marks, he reasoned. The Institute President, “so a number of
non-serious candidates are also getting into the course and later dropping out.To improve standards, we have decided that the minimum qualification for writing the entrance exam is plus two or twelfth standard or intermediate course and those who have passed degree exam can directly enroll themselves for the CA course.
Further, the entrance exam will now carry 400 marks – 200 marks for multiple choice questions and 200 for subject. We hope this will address the problem.”Mr Reddy said the proposals to revise the syllabus and exam rules had been sent to the Ministry of Corporate Affairs and later they would be referred to the Ministry of Law for approval. In all probability, the new syllabus and new rules may come into effect from November this year or by May next year, if there is delay. He said there was mushrooming of CA coaching institutes, but the institute did not have any powers to control them. These institutes were also misleading parents as well as students and therefore the institute was also opening career counseling centers to guide them properly.
In response to a question on the Kingfisher Airlines issue, he said the role of the auditors was nil in the affair and the banking system would have to be streamlined to prevent such things.Mr. Reddy said that there were at present 2,50,000 Chartered Accountants in the country and 30,000 Indian Chartered Accountants were working in foreign countries and acquitting themselves very well. “In the next 10 years, at least 10 lakh Chartered Accountants will be required and therefore there is great demand for the course but we must maintain the highest professional standards,” he added.
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CA New Syllabus likely From November said by ICAI PresidentCA New Syllabus
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