ICAI Proposed CA New Scheme of Education and Training

ICAI Proposed CA New Scheme of Education and Training

The Institute of Chartered Accountants of India (ICAI) has proposed a new scheme of education and training for chartered accountants (CAs). The new scheme, which is still in the draft stage, aims to make the CA qualification more relevant to the needs of the 21st century workforce.

One of the key changes proposed in the new scheme is the introduction of self-paced modules. These modules will allow students to study at their own pace and in their own time. This is a significant departure from the current system, which requires students to complete all of their studies in a set period of time.

Another key change proposed in the new scheme is the introduction of more practical training. The current system requires students to complete three years of practical training under the supervision of a practicing CA. The new scheme would increase the amount of practical training to four years.

The ICAI has also proposed a number of other changes to the CA qualification, including:

• A revised syllabus that is more focused on the latest developments in accounting and finance



• A more rigorous assessment system



• A greater emphasis on ethics and professional conduct

• Self-paced modules: The self-paced modules will be delivered online and will cover the entire CA syllabus. Students will be able to access the modules at any time and in any order. This will allow students to study at their own pace and to focus on the areas that they need the most help with.



• More practical training: The increased amount of practical training will give students the opportunity to gain hands-on experience in the accounting and finance industry. This will help them to develop the skills and knowledge that they need to be successful in their careers.



• Revised syllabus: The revised syllabus will be more focused on the latest developments in accounting and finance. This will ensure that CAs are qualified to work in the ever-changing world of business.



• More rigorous assessment system: The more rigorous assessment system will ensure that CAs have a deep understanding of the material. This will help to protect the public interest and to ensure that CAs are competent to practice.



• Greater emphasis on ethics and professional conduct: The greater emphasis on ethics and professional conduct will ensure that CAs are aware of their responsibilities to the public and to their clients. This will help to maintain the high standards of the CA profession.

• A more relevant and up-to-date qualification that meets the needs of the 21st century workforce



• A more flexible and student-centered learning experience



• A greater emphasis on practical training



• A more rigorous assessment system



• A greater emphasis on ethics and professional conduct

• The need to develop and deliver high-quality self-paced modules



• The need to ensure that the practical training component is of high quality



• The need to ensure that the assessment system is fair and rigorous



• The need to ensure that the new scheme is affordable for students