Open Book exams for CA From 2017:
The Institute of Chartered Accountants of India will introduce Open Book exams for CA From 2017. This decision was announced at ICAI on Friday. Other initiatives and icai’s future plans were also discussed at the meetings. There are three phases in examination-the first, second and third phase which are the final exams. The Open book system will be introduced in third phase. If all goes well new syllabus policy will be prepared by end of 2015 and student appearing for 2016 will be under transitional provision, meaning, they can either apt for the existing scheme or the open book scheme. However the open book system will be made compulsory from 2017. The main aim behind introducing Open Book exams for CA From 2017 is to minimise rote learning methods and not check the students memory power.
All India president of ICAI , CA Manoj fadnis, said “we change the syllabus every 10 years as per industry requirement topics relevant to business trade and commerce will be the part of the syllabus right now we are in talks with the industry experts on their needs and expectations from CA’s before framing the syllabus” .He then added, “We expect a bill on goods service and tax to be passes soon during monsoon.Since Independence , it is a largest tax reformed. If passed, we will include it in the syllabus.
ICAI may also include international financial reporting standards in the finals of CA only if the central central government gives permission for it. They are also thinking of making a few changes in Commn Proficiency Test(CPT) syllabus. According to statistical analysis, 5-10% of the students who clears CPT pass the final in three years whereas 25- 30%pass the final in 3-5 years. However, there will not be any changes in the Integrated Professional Competence Courses (IPCC).
Open Book exams for CA From 2017
Open Book exams for CA From 2017,Check out here
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