The Institute of Chartered Accountants of India (ICAI) has planned to make changes in its ten years old curriculum and examination pattern for which it has also approached the Ministry of Corporate Affairs.
As per the institute, modifying the existing course will help students know the globalization and its effects on the profession of Chartered Accountancy.
The changes proposed by the institute include making entrance examination tougher. Also, the institute plans to add subjects like Economics and Finance in the syllabus at intermediate level while for final level.
It plans to add Risk Management, International Taxation, Financial Services and Capital Markets, Global Financial Reporting Standards, Economic Laws and Multi-Disciplinary Case. Case studies will also be included.
Moreover, from now onwards, students may register for three years of practical training on passing either or both groups of the intermediate examination which was not there earlier.
With this, students going through the foundation course will take roughly four-and-a-half years to become CAs, while those qualifying for taking direct admission will take approximately three-and-a-half-years.