Clarification regarding draft amendments in the proposed scheme of CA course



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has announced that draft amendments to the CA Regulations, stemming from the proposed scheme of Education and Training, have received principal approval from the Ministry of Corporate Affairs. These amendments are now open for public consultation for 30 days. Following this period, the Council will consider the feedback. An implementation scheme, including transition provisions for current students, will be developed, aiming to provide exemptions for subjects already cleared under the previous curriculum. Students are advised to continue studying the existing course material in the meantime.

Board of Studies (Academic)
The Institute of Chartered Accountants of India
June 04, 2022

ANNOUNCEMENT

Re: Proposed Scheme of Education and Training

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.

CA Course Reforms: Draft Amendments Open for Public Comment

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.

Also Read: Draft to amend the Chartered Accountant Regulations, 1988 proposed by ICAI

Director, Board of Studies

FAQ :

The draft amendments for the proposed scheme of Education and Training for the CA course have been approved in principle by the Ministry of Corporate Affairs and are now open for public comments.

The draft amendments are exposed to the public for comments for 30 days, after which they will be considered by the Council of the Institute of Chartered Accountants of India.

After the 30-day public comment period, the Council will consider the feedback, and an Implementation Scheme, including Transition Provisions for students, will be formulated.

Yes, reasonable care will be taken to allow exemptions for students regarding subjects they have cleared under the earlier Scheme when formulating the Transition Scheme.

Students are advised to continue studying regularly as per the existing course curriculum until the new scheme and transition provisions are finalised.




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