The new syllabus for the Chartered Accountancy (CA) course that will see a revamp is likely to be announced in the year 2016. This updated chartered accountancy (CA)curriculum is being prepared by the Institute of Chartered Accountant of India (ICAI) keeping in mind the expanding global economy and in the interest of budding CA professionals to compete favourably in the international market.

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With the vision that CA education should go hand in hand with global academic, technological and economic advancements, ICAI vice- president M. Devaraja Reddy, is keen to make the course practical, simplified and conducive to the students. The new course (with amendments being considered after a decade) will scrutinize and cover CA proficiency test (CPT) to CA final is expected to be introduced sometime in 2016. He said, that a draft of the proposed syllabus comprising of objective and subjective-type questions, has already been put up to the Union government for approval. CA aspirants can expect to write their first examination in the new syllabus in 2017.

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A career in chartered accountancy is fast gaining popularity with plenty of opportunities in India & abroad. Being one of the most affordable professional courses, it has nearly 8.4 lakh students pursuing the course in the country. To add to this number, ICAI with 147 branches is already conducting outreach programs to attract more students pan India. While the new proposal planned to encourage more students to take up this profession, the ICAI has also set aside an additional Rs. 10 crore to reach out to schools and colleges as part of awareness drives.

On account of the 66th year of establishment of ICAI, chairman of SIRC of ICAI, Chennai, P.R. Aruloli has arranged for a 66 feet banner to be taken across branches in August, as part of the awareness campaign. He said, while that these new initiatives by the ICAI has encouraged more entrants to this profession to over 2.45 lakh CAs over the last six years, there is still a gap to meet the demand for 6 lakh qualified CAs in India!