ICAI To Revamp Chartered Accountancy Syllabus: 30 Per Cent MCQs To Be Introduced In Intermediate, Final Exam

The Institute of Chartered Accountants of India which serves as the national education body of accounting in the country is set to introduce 30 per cent multiple choice questions at the final and intermediate levels of the examination conducted from May 2019, reports The Tribune India.

Subjectivity in the exams will be reduced by this move and will also strengthen conceptual clarity among the students. The reform is another initiative among the several taken by the body to cater to the learning needs of its students by facilitating the best resources.

Last year, ICAI had adopted a newly initiated scheme of Education and Training which conformed to the International Education standards issued by the IAESB of International Federation of Accountants.

Electives in the emerging areas of Financial and Capital Markets, Global Financial Reporting Standards, Risk Management and International Taxation, have been introduced in the CA course to prepare students who specialise in their respective areas, as part of the new scheme.

The evaluation system applicable to the CA exam conducted by ICAI is also set for a major overhaul, a Pilot Project of centralised evaluation was introduced in the Final level exams held in November 2018.

As per the project, the examiners will be evaluating the answer books of one paper in the presence of Head Examiner/Associate Head Examiners under their supervision and guidance, as per the pilot.