ICAI to revise syllabus for Chartered Accountants soon

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A panel of experts will come up with a revised syllabus for Charted Accountants in about a month’s time to meet the new challenges for the profession, according to Institute of Chartered Accountants (ICAI) president M. Devaraja Reddy.

“A committee instituted for education and syllabus revision is coming out with a new syllabus (for CA) in a month’s time and it will get launched by the Prime Minister. The revised syllabus will have relevant subjects like IT, IFRS, Fraud accounting, to meet the new challenges for the CA profession,” said Reddy at the two-day international conference ‘Jnana-Yajna — The Quest for Excellence’ being held in Hyderabad from October 22-24.

To combat the menace of coaching institutes, the exam format has been changed from 200 marks of objective type questions to 400 marks. It comprises of “200 marks for objective type multiple choice questions and 200 marks for subjective type questions. Students going through coaching institute rote learning will be filtered out through this,” ICAI Vice-President Nilesh S Vikamsey said.

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According to Reddy, there are 30,000 India-trained CAs working in Gulf and African countries. “Currently, there are 2.6 CAs practising, but the demand for CAs by 2020 will be 10 lakh,” he added.

The conference was inaugurated by Union Urban Development Minister M. Venkaiah Naidu.

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