The landscape of the Chartered Accountancy CA Inter and Foundation Exams in India is undergoing a significant change. Starting from May/June 2024, the CA Intermediate and Foundation exams will be held thrice annually, a shift from the previous biannual schedule. This article explores the implications of this change for students and provides essential details for prospective exam candidates.
The New Exam Schedule Announcement
On April 24th, 2024, the Board of Studies at The Institute of Chartered Accountants of India (ICAI) made a crucial announcement regarding the scheduling of CA Intermediate and Foundation exams. Beginning in 2024, these exams will now take place three times a year, specifically in the months of May/June, September, and January. This adjustment aims to provide more flexibility and increase the opportunities for candidates to undertake their examinations.
Official Communication from ICAI:
Board of Studies
The Institute of Chartered Accountants of India
24th April, 2024
Announcement
Re: Cut-off date for enrollment in Foundation /Intermediate Course for appearing in September 2024/ January, 2025 Examinations.
The Institute has decided that from May/June 2024 onwards, Intermediate & Foundation course Examinations will be held thrice in a year in the month of May/June, September and January from the existing practice of twice a year and CA Final course examination will continue to be held twice a year in the month of May and November.
Students who are fulfilling the eligibility criteria for Admission to the Foundation course examination i.e registered with the Board of Studies of the Institute for a minimum period of four months on or before the 1st day of the month in which the examination is held along with other eligibility conditions specified in Regulation 25F and for Intermediate course Examination i.e registered with the Board of Studies of the Institute and produces a certificate to the effect that he has undergone a study course for a period of not less than eight months as on the first day of the month in which the examination is held along with other eligibility conditions specified in Regulation 28G can appear in the next eligible exam.
Students may note that as per the above eligibility criteria –
- The last date for registration in Foundation Course for appearing in September 2024 Examination is 1st May 2024.
- The last date for registration in Intermediate Course for appearing in January 2025 Examination is 1st May 2024 through both the routes.
It may be noted that students who have registered in Intermediate Course either through Foundation Route or Direct Entry Route up to 1st January 2024 are eligible for appearing in September 2024 Intermediate Examination.
For registration, students may visit the Self-Service Portal at ICAI e-services.
Joint Director,
Board of Studies
Implications of the New Schedule
The new schedule is set to benefit students by providing more frequent testing opportunities, which can help in better preparation and flexibility in exam planning. This change is particularly advantageous for those who may need to retake exams or wish to progress more quickly through the CA curriculum.
Frequently Asked Questions (FAQs)
Q: What are the new examination months for CA Inter and Foundation courses?
A: Starting from May 2024, the CA Inter and Foundation exams will be conducted in May/June, September, and January of each year.
Q: How will the new schedule affect the CA Final exams?
A: The CA Final exams will continue to be held twice a year, in May and November, with no changes to their frequency.
Q: What are the registration deadlines for the upcoming CA Inter and Foundation exams?
A: For the CA Foundation September 2024 exam, the registration deadline is May 1, 2024. Similarly, for the CA Intermediate January 2025 exam, the registration deadline is also May 1, 2024.
Q: Where can students register for the CA exams?
A: Students can register for the CA exams through the ICAI’s Self-Service Portal available at www.eservices.icai.org
Conclusion
The decision to increase the frequency of the CA Intermediate and Foundation exams to three times a year marks a significant change in the ICAI’s approach to facilitating education and testing. This change not only provides students with more opportunities to succeed but also aligns with the needs of a dynamic and evolving professional landscape.