CA Inter and Foundation Exams to be held thrice a year [ICAI Releases Official Press Release]

As per the official press release of the Institute of Chartered Accountants of India (ICAI)dated 8th March 2024, CA Foundation and CA Intermediate Exams will be held 3 times in a year and the CA Final Exam will continue to be held 2 times in a year. Instead on May/June and November, the CA Foundation and CA Intermediate Exams will be now held in January, May/June, and September. However, Exams for the Final will continue to take place in May and November only. This Decision was taken in 430th Meeting of ICAI held on 7th March 2024 at New Delhi.

The Chartered Accountancy Education System is geared up to meet the diverse range of expectations of various stakeholders. the ICAI has been pro-actively redesigning the education and training scheme to have skilled and technology-savvy accounting professionals.

CA Exams May 2024: 4.36 lakh students to appear for CA Foundation, Intermediate and Final

The decision taken by the institute will benefit students who have completed their study period to appear for the exam without waiting for 2 months. Globally the frequency of examinations is increasing so as to give more opportunities to the students. ICAI was aligning itself to the global practices. This has been done to make sure that the young students are encouraged to pursue the course of Chartered Accountancy.

Currently, ICAI has 4 Lakh Members and 8.5 Lakh CA students. As per the ICAI President, the country needs 30 Lakhs Chartered Accountants (CAs) in the year 2047, when India will be among the developed nations.