The examination system for Chartered Accountancy course would be re-oriented completely from November. Focus would be to test the practical application skills of the students.
The Institute of Chartered Accountants of India (ICAI) also plans to launch its own coaching centre for students. ICAI president Amarjit Chopra said that coaching centres would be both physical and virtual. The fees would be one third of what the commercial classes charge.
Chopra who was in the city to attend a function to felicitate him addressed a media conference. He said that the institute wanted to produce best CAs. All efforts would be taken to ensure that students develop into well rounded professionals. As part of IT initiatives more virtual classrooms would be set up where students can access lectures on various subjects and download revisionary test papers, study material etc.
He also talked about Grievances cell and steps taken by the institute to make it more responsive and effective. According to Chopra the immediate challenge before the institute was implementation of IFRS.
The institute had started training programmes for members in the industry as well as in practice.
He described governments decision to implement GST across the country as path breaking and said that ICAI will suggest formats to the government to ensure compliance with the legislations. The ICAI will also organise country wide training programmes for GST.
ICAI will engage in capacity building exercise for small and medium practitioners through different approaches. The institutes knowledge portal would be made available to them. He said that there were ample opportunities for CAs both in private and government sector. The government has launched various bodies like NREGA, JnNURM etc. They need good CAs for their audit.
The felicitation programme was organized by the Ahmedabad branch of WIRC. Vice President of ICAI G Ramaswamy was also felicitated.