News

20th June, 2006

ICAI may ratify new curriculum for CAs

The Institute of Chartered Accounts of India is likely to ratify the new curriculum for chartered accountants at the council meeting slated for June 20, 21 and 22. The new curriculum, already vetted by the government, will have a duration of three and half years, against more than five years at present.

It aims at increasing the IT proficiency of the students, besides imparting greater management skills. The new curriculum will be in tune with the latest global trends in the field of corporate management and technical education in accounting, said the ICAI President TN Manoharan.

As per the new curriculum, students who have passed the 10th standard will be able to acquaint themselves with the CA course. Once they pass Plus 2, they can enroll after passing common proficiency test, to be held every quarter. A student who passes the CPT, could undergo three-and-a-half-year articleship, after which he can take the professional competence examination.

The council meeting is also likely to endorse the revised guidelines for chartered accountants for the assessment of the fringe benefit tax. The new guidelines are expected to make FBT assessment practices more uniform.