proposed scheme of icai|icai new proposed scheme|icai proposed scheme changes|proposed changes in ca course:The Institute of Chartered Accountants of India ( ICAI ) has invited comments on Proposed CA Draft Regulations. The Draft Amendments in the CA Regulations arising out of the proposed scheme of Education and Training have been in principle approved by the Ministry of Corporate Affairs and is exposed to the public for their comments for 30 days and, thereafter, the same will be considered by the Council.
Once the Proposed Scheme and Draft Regulations are approved, the Implementation Scheme, including Transition Provisions for students of the existing Scheme of Education and Training, shall be formulated. While formulating the Transition Scheme, reasonable care shall be taken to allow exemption to the students in respect of subjects which have cleared under the earlier Scheme. Hence, till such time, students are advised to continue studying regularly as per the existing course curriculum.
Icai Proposed Scheme
Soon after assuming charge as the new chairman of Institute of Chartered Accountants of India, Debashis Mitra, announced that the institute is planning to revise the CA curriculum, on Tuesday.Breaking from tradition, the CA curriculum will be revised after a period of five years instead of 10. Mitra said that ICAI will revise the curriculum based on government suggestions and later put it for public suggestions for a period of 45 days.
Icai New Proposed Scheme
According to Mitra, the curriculum needs revision because of significant changes like Goods and Service Tax and to meet the industry’s demands. “The first draft of the curriculum has already been approved by the council. There is a lot of emphasis on technology in the curriculum. We are talking about sustainable reporting which was not there in earlier times,” said Mitra.
To widen its reach, ICAI has decided to extend a 75 percent concession in registration course fee for all levels of CA courses to the students registering from Union Territories of Jammu and Kashmir, Ladakh and eight North-East states, namely, Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura and Andaman and Nicobar Islands till March 31, 2025.
cai new proposed scheme Industrial Training
ICAI is also planning to launch a “New Scheme for Education and Training”, focussing on the development of higher-order skills of application, analysis and interpretation. A special feature of the new scheme would be the mandatory multi-disciplinary case study at the final level, which would help students integrate professional knowledge in different subject areas, analyse and apply such knowledge in problem-solving.
Emphasizing on application-based learning Mitra said, “We are going to see how much of an open book system we can have and ask case study-based questions. The push is towards application of mind and knowing the latest that is happening in the field,” he explained. The scheme also intends to focus more on practical training and will also offer self-paced online modules, where working students can learn and qualify at their own pace.