The New Course of Chartered Accountancy

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ICAI has introduced the New scheme of Education and Training for Chartered Accountants, effective from July 1, 2023.

Following changes have been made:

CA Foundation – 4 subjects from 6 subjects
CA Intermediate – 6 papers (3 in each group)
CA Articleship – Reduced from 3 to 2 years
CA Final – 6 papers (3 in each group)

There are also many changes in the eligibility, registration validity, syllabus, subjects, paper pattern, passing criteria, exemptions, training leaves, etc.

Table of Contents

Relaxation to Old Course

Relaxation to Old Course Students to commence 3 years of Practical Training –

(i) who have passed one of the groups of Intermediate Examination under the Old Scheme.

(ii) who have registered / provisionally registered in Intermediate through Direct Entry Route under Old Scheme.

(iii) who have converted from Intermediate (Foundation/CPT Route) to Intermediate (Direct Entry Scheme) for appearing in the November 2023 Examination.

CA Foundation New Course

Currently, there are no criteria for the number of attempts in the CA Foundation course. Hence, students can give any number of attempts. The CA Foundation registration validity can also be revalidated multiple times.

But in the newly implemented scheme of Education and Training, students can register after the 10th, and the CA Foundation registration is valid for four years.

Also, now there will be no cut-off dates like January 1 and July 1 for the CA Foundation registration.

From 2026 onwards, ICAI will conduct CA Foundation exams three times in a year – January, May, and September.

CA Foundation New Syllabus

Now, in the new scheme, ICAI has removed 2 subjects: Business Correspondence & Reporting and Business & Commercial Knowledge.

Paper	Subject	Marks
1	Accounting	100
2	Business Laws	100
3	Quantitative Aptitude: – Business Mathematics (40) – Logical Reasoning (20) – Statistics (40)	100
4	Business Economics	100

Paper – 1: Accounting (100 Marks)
Paper – 2: Business Laws (100 Marks)
Paper – 3: Quantitative Aptitude (100 Marks)
- Business Mathematics
- Logical Reasoning and statistics
Paper – 4: Business Economics (100 Marks)

Read Also: CA Foundation MTP (Mock Test Paper)

CA Foundation Passing Criteria

Students have to get 50% marks aggregate to crack the CA Foundation exams.
There will be a negative marking of 0.25 for every wrong MCQ answer.

CA Intermediate Course

CA Intermediate Eligibility

The eligibility criteria for the CA Intermediate course is the same as before. However, to appear in the exams, the direct entry route students must undergo an 8-month study period.

CA Intermediate Registration Validity

The validity of the CA Intermediate registration is now 5 years as against four years. CA Intermediate students can revalidate their registration form only once with the prescribed fees.

In 2026, CA Intermediate exams will also be conducted in January, May, and September.

CA Intermediate New Syllabus

Now, there will be only 6 papers in the CA Intermediate course and not 8 papers.

Group & Paper	Paper Name	Marks
Group I & Paper 1	Advanced Accounting	100
Group I & Paper 2	Corporate & Other Laws	100
Group I & Paper 3	Taxation	100
Group II & Paper 4	Cost and Management Accounting	100
Group II & Paper 5	Auditing and Ethics	100
Group II & Paper 6	Financial Management and Strategic Management	100

Read Also: ICAI CA Intermediate MTP

CA Intermediate Passing Criteria

30% MCQ-based questions in all 6 papers.
No Negative marking.

Exemption Criteria for CA Intermediate

After the new scheme, if you get an exemption in any paper, then the exemption will be permanent for that paper. ICAI will treat the exempted papers as permanently passed. However, you need to clear the rest of the papers with 50% marks.

CA Articleship Training

Duration: Reduced from 3 years to 2 years.
Practice Requirement: Students who want to practice CA must have 1 year of experience in a CA firm.
Eligibility: Must clear both groups of CA Intermediate and ICITSS training.
Stipend: Increased by 100%.
Leaves: 12 per year (24 in two years).

ICAI Self-paced Modules

ICAI has introduced self-paced modules under the new scheme of education and training. Students can study these modules at their own pace and take online exams.

Set A – Economics Law (Compulsory)
Set B – Strategic Cost Management (Compulsory)
Set C – Elective (e.g., Risk Management, FSCM)
Set D – Elective (student’s choice)

Students must score 50% or more in each module to qualify for CA Final.

CA Final Eligibility and Registration

Pass both groups of CA Intermediate + ICITSS training.
Complete Articleship (or be in last 6 months).
Clear self-paced modules.
6 months study period after practical training.

From 2026, CA Final exams will also be conducted in January, May, and September.

CA Final New Syllabus

In the CA new scheme, ICAI has reduced the CA Final papers from 8 to 6.

Group & Paper	Subject
Group I & Paper 1	Financial Reporting
Group I & Paper 2	Advanced Financial Management
Group I & Paper 3	Advanced Auditing, Assurance and Professional Ethics
Group II & Paper 4	Direct Tax Laws and International Taxation
Group II & Paper 5	Indirect Tax Laws
Group II & Paper 6	Integrated Business Solutions (Multi Disciplinary Case Study with Strategic Management)