CA Pratibha Goyal | Jun 23, 2023 |
ICAI notifies Draft rules for CA New Education Scheme
The Institute of Chartered Accountants of India (ICAI) has notified Draft rules for New Education Scheme. These regulations are the Chartered Accountants (Amendment) Regulations, 2023.
The New scheme for Education and Training has been introduced by ICAI for developing a comprehensive curriculum at par with international standards.
After taking into account the suggestions from various stakeholders, the Institute of Chartered Accountants of India (ICAI) developed the New Scheme of Education and Training in accordance with international educational standards and the National Education Policy, 2020 (NEP). The New Scheme of Education and Training will take effect on July 1st, 2023, and was announced in the Indian Gazette on June 22nd, 2023.
Important dates for the implementation of New Scheme of Education and Training are given as under:
| S.No. | Particulars | Date/ Attempt |
| 1 | Last date for Registration in Foundation under Existing Scheme | 1st July, 2023 |
| 2 | Last date for Registration in Intermediate and Final Courses under Existing Scheme | 30th June, 2023 |
| 3 | Date of commencement of Registration and Conversion in Foundation Course under New Scheme | 2nd August, 2023 |
| 4 | Date of commencement of Registration and Conversion in Intermediate and Final Courses under New Scheme | 1st July, 2023 |
| 5 | First Foundation Examination under New Scheme | June, 2024 |
| 6 | First Intermediate and Final Examination under New Scheme | May, 2024 |
| 7 | Last Foundation Examination under Existing Scheme | December, 2023 |
| 8 | Last Intermediate and Final Examination under Existing Scheme | November, 2023 |
| 9 | Last date of commencement of three years Practical Training | 30th June, 2023 |
| 10 | Date of commencement of two years uninterrupted Practical Training | 1st July, 2023 |
Syllabus, Transition Scheme and Frequently Asked Questions (FAQs) will be hosted on 1st July, 2023. Paper wise exemption plan will be announced in due course.
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