The ICAI will also set up career counselling centres and reading facilities in 700 districts across the country
The Institute of Chartered Accountants of India (ICAI) will implement its new course structure from May 2024. Under the National Education Policy (NEP 2020), students studying in the CA foundation course will have four question papers while those in intermediate and final courses will have six question papers compared to eight papers earlier.
Earlier, CA students had to undertake articleship for a three-year period which has now been reduced to two. A statement from the ICAI said that the new structure has been sent for approval to the Union government and will be implemented from May 2024. The institute also collaborated with the Institute of Singapore Chartered Accountants (ISCA) on membership pathways to enable ICAI members to become ISCA Associate Members.
The statement said that ICAI has set up the Institute of Social Auditors of India (ISAI) under SEBI’s amendment in regulations. The ISAI will prepare social auditors. The ICAI will also set up career counselling centres and reading facilities in 700 districts across the country to guide students.