ICAI Announces Major Changes in CA Examination System – CA Final to be Held Thrice a Year
Introduction
The Institute of Chartered Accountants of India (ICAI) has introduced a major reform in its examination system by increasing the frequency of CA Final exams to three times a year. This landmark decision, taken by the 26th Council of ICAI, aligns with global best practices and aims to provide students with greater opportunities to qualify as Chartered Accountants.
Previously, CA Final exams were conducted twice a year, but starting from 2025, they will be held in January, May, and September. This decision follows a similar reform last year, where ICAI increased the frequency of Intermediate and Foundation exams to three times a year.
Key Changes in the CA Examination System
1. CA Final Exam to be Conducted Thrice a Year
- New Schedule: CA Final exams will now be conducted in January, May, and September instead of the previous biannual cycle (May and November).
- More Attempts: With this change, aspirants will get an additional attempt each year, allowing them to clear exams faster.
2. Equal Exam Frequency for All CA Levels
- Foundation, Intermediate, and Final exams will now be held thrice a year, ensuring consistency and fairness across all levels.
- This move eliminates discrepancies in opportunities available to students across different CA levels.
3. Post Qualification Course in Information Systems Audit (ISA) – New Schedule
- The ISA Assessment Test, earlier conducted twice a year (June and December), will now be held thrice a year – February, June, and October.
- This change enhances accessibility for members looking to upskill in Information Systems Audit.
ICAI President’s Statement on the Change
CA. Charanjot Singh Nanda, President, ICAI, commented on this significant reform, stating:
“These epoch-making decisions will significantly benefit both students and members, offering them enhanced opportunities for success. This move marks a new era in the way we support and guide our future Chartered Accountants. ICAI is working 24/7 for the growth of its members and students. This historic decision will ensure that both students and professionals have abundant opportunities to excel in their careers.”
About ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949, under the Ministry of Corporate Affairs, Government of India. It is responsible for the regulation and development of the Chartered Accountancy profession in India.
ICAI at a Glance
- Largest Accountancy Body in the World
- Over 10 Lakh Students and 4 Lakh Members
- 5 Regional Councils and 177 Branches in India
- Global Presence in 85 Cities Across 47 Countries
The ICAI continues to evolve and implement reforms that benefit its members and students while maintaining high standards of excellence in accounting and finance education.
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