The Institute of Chartered Accountants of India (ICAI) has recently unveiled a revised examination scheme for CA Final, Intermediate, and Foundation courses, starting from May 2024 onwards. The new scheme brings about a complete transformation in the exam pattern, reducing the number of exams from 8 to 6 for both CA Intermediate and CA Final levels. Additionally, multiple-choice questions (MCQs) have been introduced across all subjects in CA Inter and CA Final.

Moreover, there have been modifications in the duration of the CA Articleship period. Previously, it spanned three years, but now it has been shortened to two years under the new scheme, applicable from May 2024 onwards. Consequently, the total duration of the CA course has also been adjusted, decreasing from 48 months to 42 months.

Students Giving CA Final, Intermediate and Foundation in 2024:

Following the December 2023 exams, students with exams scheduled for May 2024 and onward should commence their preparations in alignment with the revised scheme introduced by the Institute of Chartered Accountants of India (ICAI). Those candidates who have already appeared for CA Foundation and CA Intermediate 2023 will also have to prepare for CA Final as per the new exam pattern. It is essential for these students to familiarize themselves with the new exam pattern and content outlined by ICAI to ensure they are adequately prepared for the upcoming exams.

• The last date to register for CA Foundation December 2023 Exam is 1 July, 2023, Exams will be conducted under the existing scheme only.

• The last date to register for CA Inter and Final for November 2023 was 30 June, 2023. Exams will be conducted under the existing scheme only. After November 2023, students will be automatically shifted into the new scheme.

• Registration for CA Foundation for June 2024 attempt will start on 2 August 2024. The paper removed under the new scheme in CA Foundation are Business correspondence & Reporting in Paper 2 and Business commercial knowledge in Paper 4. 

CA Foundation May 2024 Full Syllabus Subject Wise

CA Intermediate May 2024 Full Syllabus Subject Wise

CA Final May 2024 Full Syllabus Subject Wise

Negative Marking for CA Final and Intermediate under New Scheme:

25% in all CA Final and Intermediate New Course subjects. 

Passing Criteria for CA Foundation, Intermediate and Final under the new course May 2024 onwards:

Under the new scheme implemented by the Institute of Chartered Accountants of India (ICAI), exempt papers, wherein students have scored 60 marks or above, will be considered as permanently passed papers. This means that students do not need to attempt these papers again in subsequent attempts.

To successfully clear the remaining papers, students must individually achieve a minimum of 50% marks in each of those papers. However, it is important to note that students also have the option to surrender their exemptions if they choose to do so. This allows them to appear for all the papers in the new scheme instead of relying on their exempted status.

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