Education and training are crucial aspects of professional development, especially in the field of finance and accounting. Staying updated with the latest knowledge and skills is essential for aspiring professionals to excel in their careers. In this regard, the Institute of Chartered Accountants of India (ICAI) has made a significant announcement regarding a new scheme of education and training, aimed at enhancing the learning experience and ensuring the highest standards of professional competence. Let’s delve into the details of this exciting development.
Background:
The ICAI, as a premier accounting body in India, constantly strives to provide its students with the best educational programs and training opportunities. To align with the changing dynamics of the profession and meet the evolving needs of the industry, the ICAI has introduced a new scheme of education and training.
Transition Guidelines:
will be announced by ICAI on 01 July 2023
Exemptions to Existing Students:
This will also be announced by ICAI on 01 July 2023
Announcement for New Scheme of Education and Training
Board of Studies (Academic)
The Institute of Chartered Accountants of India
23rd June, 2023
The Institute of Chartered Accountants of India (ICAI) has formulated the New Scheme of Education and Training in lines with International Education Standards and National Education Policy, 2020 (NEP) after considering the inputs from various stakeholders. The New Scheme of Education and Training has been notified in the Gazette of India on 22nd June, 2023 and will come into effect from 1st July, 2023. The New Scheme of Education and Training at a glance, is available at Click here
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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.
Link to the Announcement: Click here to access the full announcement