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After ICAI proposed the ICAI New Scheme for 2023 exams, many changes have been made in Education and Training of the CA Course. There are a total of three levels in the CA Course and these levels include CA Foundation course, CA Inter course and CA Final course. A few sections have been removed, few have been merged and few new changes have been introduced in the ICAI New Scheme for 2023 exams. 

Scroll further to have a detailed understanding of the new scheme proposed by ICAI for 2023 exams in the CA Syllabus.

Changes made in the ICAI new exam pattern are mentioned below. Students are advised to go through all the changes carefully and be aware of the requirements before starting their preparations.

• 2 Subjects have been removed from the CA Foundation level.
• CA Intermediate level now has 6 papers, divided into two groups.
• CA Final level has 6 papers, again divided into two groups.
• Articleship period has been reduced to 2 years, from 3 years.

The changes that have been proposed in the ICAI new scheme of education and training, are mentioned below:

• The new scheme has reduced 6 subjects and 4 papers to 4 subjects and 4 papers. These subjects have been removed.

1. Business Correspondence & Reporting
2. Business & Commercial Knowledge

• A negative marking of .25 for every wrong answer. Previously there was no such negative marking.
• Now, the students have to score at least 50% to pass the Foundation level.

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Key highlights of the ICAI CA Inter New Syllabus:

• 2 subjects have been removed from the CA Inter new syllabus.
• Paper 1 and 5 are now merged into “Advanced Accounting”.
• “Enterprise Information Systems” is removed.
• “Economics for Finance” is no longer included in paper 8.
• Remaining part is included in paper 6, in the name of “Financial Management and Strategic Management”.
• Paper 2 of CA intermediate will be only about the “Companies Act”.
• In the ICAI new scheme 2023, there will be 2 groups of three papers in the CA Intermediate Syllabus. 
• Business Law is now a part of the CA Foundation Level syllabus. 

CA Intermediate exemptions and passing criteria are mentioned below. 

30% MCQ questions for all the papers of CA Intermediate exam.

• ICAI will be entertaining the exempted papers of CA Intermediate as permanently passed, after the new scheme. But students have to clear the rest of the papers with 50% marks individually.
• Negative marking of .25.
• If a student scores 60% in one or more papers in a single attempt, exemption of papers for immediate next three attempts is allowed in the intermediate level of CA. 
• Students can surrender the exempted papers only after three attempts.

• The CA Articleship duration has reduced to 2 years, from 3 years.
• Students must have at least 1 year of experience in a CA firm.

• Students have to clear the four sets of self paced modules to sit for the CA Final exam. These sets are divided as SET A, SET B, SET C and SET D. All these sets include the following subjects:
  1. Economic Laws(Compulsory set)
  2. Strategic Cost Management and performance evaluation(Compulsory set)
  3. Specialization Elective
  4. Incorporating multidisciplinary approach envisaged in NEP,2020
  5. Now, take a look at the key highlights of CA Final Syllabus changes proposed by ICAI:
     

     Categories	CA Final Level ICAI New Scheme	CA Final Level Old Scheme
     Eligibility for Admission	Same as the previous course structure of CA Final level.	Students who have passed both groups of CA Inter exam and completed integrated course on information technology and soft skills
     Registration Validity	10 year validity (Re-validation permitted but with prescribed fee)	No particular restrictions
     Eligibility for Exam	Completed advanced ICITISS course  Completed six months after the practical training Qualified the four self paced online modules	Completed advanced ICITISS course and 2.5 years of practical training

     • According to the CA Final new scheme, students have to score more than 50% in each module. 
     • Both the compulsory papers have been deleted from CA Final old course. 
     • In the remaining sets, students can choose their respective topics and then take their preparations forward. 
     • CA Final papers have been reduced from 6 papers from 6 papers, in the CA Final syllabus.
     • Subjects in paper 4 and 5 will be removed and added in self paced modules as compulsory sets.
     • Elective subjects like “Risk Management” and “Financial services” are now included in the Set C of self paced modules.

     In the new CA Final exam pattern, papers will have 30% MCQ based questions and there will be negative marking on every wrong answer. There was no negative marking in the previous scheme of CA but the newly proposed scheme has got negative marking which might be bad news for Aspirants. Students should not be intimidated by the results, as no matter what changes are proposed, if you are well prepared then nothing can stop you from achieving success.