Exemption from appearing in CA exams: New Scheme of Education and Training of the Institute of Chartered Accountants of India has been implemented with effect from 1st July 2023. The examination at Intermediate and Final levels under the New Scheme of Education and Training will be held with effect from May 2024 Examination.
The Council of the Institute has decided to grant exemptions under New Syllabus approved by it for Intermediate Examination (under sub-regulation (4) of regulation 28G of the Chartered Accountants Regulations, 1988) and for Final Examination (under clause (v) of regulation 31 of the Chartered Accountants Regulations, 1988) to existing students for papers passed by them under the Old/Existing Scheme as follows: –
I. Final Examination
(i) Paper-wise exemption on the basis of securing sixty per cent or more marks
The Council decided (under sub-regulation (5) of regulation 38D of the Chartered Accountants Regulations, 1988) to continue to award exemption in a paper or papers to a candidate, granted earlier under Old/Existing Scheme (by virtue of having secured a minimum of sixty percent marks in one or more papers in a Group/s as per the existing criteria for grant of exemption), for the unexpired chance(s) of the exemption in the corresponding paper(s) approved by the Council under New Scheme as given below:
| Paper(s) under Existing Scheme | Corresponding paper(s) under New Scheme |
| Paper 1: Financial Reporting | Paper 1: Financial Reporting |
| Paper 2: Strategic Financial Management | Paper 2: Advanced Financial Management |
| Paper 3: Advanced Auditing and Professional Ethics | Paper 3: Advanced Auditing, Assurance and Professional Ethics |
| Paper 4: Corporate and Economic Laws | Self-Paced Online Module SET A: Corporate and Economic Laws |
| Paper 5: Strategic Cost Management and Performance Evaluation | Self-Paced Online Module SET B: Strategic Cost & Performance Management |
| Paper 6: Elective Paper | Paper 6: Integrated Business Solutions |
| Paper 7: Direct Tax Laws and International Taxation | Paper 4: Direct Tax Laws & International Taxation |
| Paper 8: Indirect Tax Laws | Paper 5: Indirect Tax Laws |
(ii) Details of papers/ group in which candidates are required to appear and pass in Final Examination under New Scheme
The Council decided that a candidate who has passed in any one but not in both the groups of the Final Examination under Existing Scheme shall be eligible for exemption in that particular group and shall be required to appear and pass in the remaining group / paper(s) in order to pass the Final Examination under New Scheme as given below:
| Group passed under Existing Scheme | Papers passed under Existing Scheme | Corresponding exemption under New Scheme | Papers required to be passed under New Scheme |
| Group-I | Paper 1: Financial Reporting | Paper 1: Financial Reporting | Paper 4: Direct Tax Laws & International Taxation
Paper 5: Indirect Tax Laws Paper 6: Integrated Business Solutions Self-Paced Online Module SET B: Strategic Cost & Performance Management* |
| Paper 2: Strategic Financial Management | Paper 2: Advanced Financial Management | ||
| Paper 3: Advanced Auditing and Professional Ethics | Paper 3: Advanced Auditing, Assurance and Professional Ethics | ||
| Paper 4: Corporate and Economic Laws | Self-Paced Online Module SET A: Corporate and Economic Laws | ||
| Group-II | Paper 5: Strategic Cost Management and Performance Evaluation | Self-Paced Online Module SET B: Strategic Cost & Performance Management | Paper 1: Financial Reporting
Paper 2: Advanced Financial Management Paper 3: Advanced Auditing, Assurance and Professional Ethics Self-Paced Online Module SET A: Corporate and Economic Laws* |
| Paper 6: Elective Paper | Paper 6: Integrated Business Solutions | ||
| Paper 7: Direct Tax Laws and International Taxation | Paper 4: Direct Tax Laws & International Taxation | ||
| Paper 8: Indirect Tax Laws | Paper 5: Indirect Tax Laws |
* Final Course Students appearing in May 2024 Examination under New Scheme may qualify Self-Paced Online Modules, as applicable, after passing May 2024 Examination but before applying for membership. Thereafter, the candidate would be eligible for subsequent examination only after qualifying Self-Paced Online Modules, as applicable.
Students who have appeared in Final Old/ Existing Scheme and converting to Final New Scheme are exempted from appearance in Self-Paced Online Module SET C and SET D.
II. CA Intermediate Examination
(i) Paper-wise exemption on the basis of securing sixty per cent or more marks
The Council decided (under sub-regulation (7) of regulation 37D of the Chartered Accountants Regulations, 1988) to continue to award exemption in a paper or papers to a candidate, granted earlier under Old/Existing Scheme (by virtue of having secured a minimum of sixty percent marks in one or more papers in a Group/s as per the existing criteria for grant of exemption), for the unexpired chance(s) of the exemption in the corresponding paper(s) approved by the Council under New Scheme as given below:
| Paper(s) under Existing Scheme | Corresponding paper(s) under New Scheme |
| Paper 1: Accounting | Paper 1: Advanced Accounting |
| Paper 2: Corporate and Other Laws | Paper 2: Corporate and Other Laws |
| Paper 3: Cost and Management Accounting | Paper 4: Cost and Management Accounting |
| Paper 4: Taxation | Paper 3: Taxation |
| Paper 5: Advanced Accounting | Paper 1: Advanced Accounting |
| Paper 6: Auditing and Assurance | Paper 5: Auditing and Ethics |
| Paper 7: Enterprise Information Systems & Strategic Management | Paper 6: Financial Management and Strategic Management |
| Paper 8: Financial Management & Economics for Finance | Paper 6: Financial Management and Strategic Management |
(ii) Details of paper/unit/group in which candidates are required to appear and pass in Intermediate Examination under New Scheme
The Council also approved the “Unit” Scheme for those candidates who had completed one of the Groups under the erstwhile Intermediate Examination under the syllabus as specified in paragraph 2A of Schedule B to the Chartered Accountants Regulations, 1988 (held in November 1994 or thereafter) or Professional Education (Examination II) or Professional Competence Examination (PCE), or Intermediate (Professional Competence) Examination, or Integrated Professional Competence Examination or Intermediate (IPC) Examination or Intermediate Examination and are desirous of completing the Intermediate Course (New) Syllabus as given below:
| Scenario | Details of paper/unit /group passed | Papers passed under Old/Existing Scheme | Corresponding exemption under New Scheme | Papers required to be passed under New Scheme at Intermediate | Self-Paced Online Modules to be passed before appearing in Final Examination . |
| I | Group-I passed in Intermediate under Paragraph 2A of Schedule ‘B’ (i.e. November 1994 or later) or Professional Education Examination–II or Professional Competence Examination | Paper 1: Advanced Accounting/ Accounting | Group I Paper 1: Advanced Accounting | Unit1 Group I Paper 3: TaxationGroup II Paper 4: Cost and Management Accounting Group II Paper 6: Financial Management and Strategic Management |
SET A: Corporate and Economic Laws
SET B: Strategic Cost & Performance Management SET C: Specialization (elective) and SET D: Multi- disciplinary (elective) |
| Paper 2: Auditing/ Auditing and Assurance | Group II Paper 5: Auditing and Ethics | ||||
| Paper 3: Corporate and Other Laws/ Business and Corporate Laws/ Law, Ethics and Communication | Group I Paper 2: Corporate and Other Laws | ||||
| IIA | Group-I passed in Intermediate under Paragraph 2A of Schedule ‘B’ (i.e. November 1994 or later) or Professional Education Examination–II or Professional Competence Examination Group-I passed in Intermediate under Paragraph 2A of Schedule ‘B’ (i.e.
November 1994 or later) or Professional Education Examination–II or Professional Competence Examination and subsequently passed Unit 6 in Integrated Professional Competence Examination/Intermediate (Integrated Professional Competence) Examination |
Paper 1: Advanced Accounting/ Accounting | Group I Paper 1: Advanced Accounting | Unit 1A
Group I Paper 3: Taxation Group II Paper 4: Cost and Management Accounting |
SET A: Corporate and Economic Laws
SET B: Strategic Cost & Performance Management SET C: Specialization (elective) and SET D: Multi- disciplinary (elective) |
| Paper 2: Auditing/ Auditing and Assurance | Group II Paper 5: Auditing and Ethics | ||||
| Paper 3: Corporate and Other Laws/ Business and Corporate Laws/Law, Ethics and Communication | Group I Paper 2: Corporate and Other Laws | ||||
| Paper 7: Information Technology and Strategic Management | Group II Paper 6: Financial Management and Strategic Management | ||||
| IIB | Group-I passed in Intermediate under Paragraph 2A of Schedule ‘B’ (i.e.November 1994 or later) or Professional Education Examination–II or Professional Competence Examination and subsequently passed Unit 6A in Intermediate Examination | Paper 1: Advanced Accounting/ Accounting | Group I Paper 1: Advanced Accounting | Unit 1A
Group I Paper 3: Taxation Group II Paper 4: Cost and Management Accounting |
SET A: Corporate and Economic Laws
SET B: Strategic Cost & Performance Management either of SET C: Specialization (elective) or SET D: Multi- disciplinary (elective) |
| Paper 2: Auditing/ Auditing and Assurance | Group II Paper 5: Auditing and Ethics | ||||
| Paper 3: Corporate and Other Laws/ Business and Corporate Laws/ Law, Ethics and Communication | Group I Paper 2: Corporate and Other Laws | ||||
| Paper 7: Enterprise Information Systems & Strategic Management | Group II Paper 6: Financial Management and Strategic Management | ||||
| Paper 8: Financial Management & Economics for Finance | |||||
| III | Group-I passed in Intermediate under Paragraph 2A of Schedule ‘B’ (i.e. November 1994 or later) or Professional Education Examination–II or Professional Competence Examination and subsequently passed Unit 4/4A in Integrated Professional Competence Examination/ Intermediate (Integrated Professional Competence) Examination/ Intermediate Examination | Paper 1: Advanced Accounting/ Accounting | Group I Paper 1: Advanced Accounting | Unit 1B
Group II Paper 6: Financial Management and Strategic Management |
SET A: Corporate and Economic Laws
SET B: Strategic Cost & Performance Management SET C: Specialization (elective) and SET D: Multi- disciplinary (elective) |
| Paper 2: Auditing/ Auditing and Assurance | Group II Paper 5: Auditing and Ethics | ||||
| Paper 3: Corporate and Other Laws/ Business and Corporate Laws/ Law, Ethics and Communication | Group I Paper 2: Corporate and Other Laws | ||||
| Paper 3: Cost Accounting and Financial Management/Cost and Management Accounting | Group II Paper 4: Cost and Management Accounting | ||||
| Paper 4: Taxation | Group I Paper 3: Taxation | ||||
| IV | Group-II passed in Intermediate under Paragraph 2A of Schedule ‘B’ (i.e. November 1994 or later) or Professional Education Examination–II | Paper 4: Cost Accounting/ Cost Accounting and Financial Management | Group II Paper 4: Cost and Management Accounting | Unit 2
Group I Paper 1: Advanced Accounting Group I Paper 2: Corporate and Other Laws Group II Paper 5: Auditing & Ethics Group II Paper 6: Financial Management and Strategic Management |
SET A: Corporate and Economic Laws and Economic Laws
SET B: Strategic Cost & Performance Management either of SET C: Specialization (elective) or SET D: Multi- disciplinary (elective) |
| Paper 5: Income Tax and Central Sales Tax | Group I Paper 3: Taxation | ||||
| Paper 6: Organisation & Management and Fundamentals of Electronic Data Processing/ Information Technology | |||||
| V | Group-II passed In Professional Competence Examination | Paper 4: Cost Accounting and Financial Management | Group II Paper 4: Cost and Management Accounting | Unit 2A
Group I Paper 1: Advanced Accounting Group I Paper 2: Corporate and Other Laws Group II Paper 5: Auditing and Ethics |
SET A: Corporate and Economic Laws
SET B: Strategic Cost & Performance Management SET C: Specialization (elective) and SET D: Multi- disciplinary (elective) |
| Paper 5: Taxation | Group I Paper 3: Taxation | ||||
| Paper 6: Information Technology and Strategic Management | Group II Paper 6: Financial Management and Strategic Management | ||||
| VI | Group-II passed in Intermediate under Paragraph 2A of Schedule ‘B’ (i.e. November 1994 or later) or Professional Education Examination–II and subsequently passed Unit 5/5A in Integrated Professional Competence Examination/ Intermediate (Integrated Professional Competence) Examination/ Intermediate Examination | Paper 4: Cost Accounting/ Cost Accounting and Financial Management | Group II Paper 4: Cost and Management Accounting | Unit 2B
Group I Paper 2: Corporate and Other Laws Group II Paper 6: Financial Management and Strategic Management |
SET A: Corporate and Economic Laws
SET B: Strategic Cost & Performance Management either of SET C: Specialization (elective) or SET D: Multi- disciplinary (elective) |
| Paper 5: Income Tax and Central Sales Tax | Group I Paper 3: Taxation | ||||
| Paper 6: Organisation & Management and Fundamentals of Electronic Data Processing/ Information Technology | |||||
| Paper 5: Advanced Accounting | Group I Paper 1: Advanced Accounting | ||||
| Paper 6: Auditing and Assurance | Group II Paper 5: Auditing and Ethics | ||||
| VII | Group-II passed in Professional Competence Examination and subsequently passed Unit 5/5A in Integrated Professional Competence Examination/ Intermediate (Integrated Professional Competence) Examination/ Intermediate Examination | Paper 4: Cost Accounting and Financial Management | Group II Paper 4: Cost and Management Accounting | Unit 2C
Group I Paper 2: |
SET A: Corporate and Economic Laws SET B: Strategic Cost & Performance Management SET C: Specialization (elective) and SET D: Multidisciplinary (elective) |
| Paper 5: Taxation | Group I Paper 3: Taxation | ||||
| Paper 6: Information Technology and Strategic Management | Group II Paper 6: Financial Management and Strategic Management | ||||
| Paper 5: Advanced Accounting | Group I Paper 1: Advanced Accounting | ||||
| Paper 6: Auditing and Assurance | Group II Paper 5: Auditing and Ethics | ||||
| VIII | Group-II passed in Intermediate under Paragraph 2A of Schedule ‘B’ (i.e. November 1994 or later) or Professional Education Examination–II and subsequently passed Unit 7/7A in Integrated Professional Competence Examination/ Intermediate (Integrated Professional Competence) Examination/ Intermediate Examination |
Paper 4: Cost Accounting/ Cost Accounting and Financial Management | Group II Paper 4: Cost and Management Accounting | Unit 2D
Group II Paper 5: Auditing and Ethics Group II Paper 6: Financial Management and Strategic Management |
SET A: Corporate and Economic Laws
SET B: Strategic Cost & Performance Management either of SET C: Specialization (elective) or SET D: Multi- disciplinary (elective) |
| Paper 5: Income Tax and Central Sales Tax | Group I Paper 3: Taxation | ||||
| Paper 6: Organisation & Management and Fundamentals of Electronic Data Processing/ Information Technology | |||||
| Paper 1: Accounting | Group I Paper 1: Advanced Accounting | ||||
| Paper 2: Business Laws, Ethics and Communication/ Corporate and Other Laws | Group I Paper 2: Corporate and Other Laws | ||||
| IX | Group-II passed in Professional Competence Examination and subsequently passed Unit 7/7A in Integrated Professional Competence Examination/ Intermediate (Integrated Professional Competence) Examination/ Intermediate Examination | Paper 4: Cost Accounting and Financial Management | Group II Paper 4: Cost and Management Accounting | Unit 2E
Group II Paper 5: |
SET A: Corporate and Economic Laws SET B: Strategic Cost & Performance Management SET C: Specialization (elective) and SET D: Multidisciplinary (elective) |
| Paper 5: Taxation | Group I Paper 3: Taxation | ||||
| Paper 6: Information Technology and Strategic Management | Group II Paper 6: Financial Management and Strategic Management | ||||
| Paper 1: Accounting | Group I Paper 1: Advanced Accounting | ||||
| Paper 2: Business Laws, Ethics and Communication/ Corporate and Other Laws | Group I Paper 2: Corporate and Other Laws | ||||
| X | Group-I passed in Integrated Professional Competence Examination/ Intermediate (Integrated Professional Competence) Examination/ Intermediate Examination | Paper 1: Accounting | Group I Paper 1: Advanced Accounting | Unit 2D Group II Paper 5: Auditing and Ethics Group II Paper 6: Financial Management and Strategic Management |
SET A: Corporate and Economic LawsSET B: Strategic Cost & Performance Management SET C: SET D: Multidisciplinary |
| Paper 2: Business Laws, Ethics and Communication/ Corporate and Other Laws | Group I Paper 2: Corporate and Other Laws | ||||
| Paper 3: Cost Accounting and Financial Management/Cost and Management Accounting | Group II Paper 4: Cost and Management Accounting | ||||
| Paper 4: Taxation | Group I Paper 3: Taxation | ||||
| XIA | Group-II passed in Integrated Professional Competence Examination/ Intermediate (Integrated Professional Competence) Examination | Paper 5: Advanced Accounting | Group I Paper 1: Advanced Accounting | Unit 3
Group I Paper 2: Group I Paper 3: Group II Paper 4: |
SET A: Corporate and Economic Laws SET B: Strategic Cost & Performance Management SET C: Specialization (elective) and SET D: Multidisciplinary (elective) |
| Paper 6: Auditing and Assurance | Group II Paper 5: Auditing and Ethics | ||||
| Paper 7: Information Technology and Strategic Management | Group II Paper 6: Financial Management and Strategic Management | ||||
| XIB | Group-II passed in Intermediate Examination | Paper 5: Advanced Accounting | Group I Paper 1: Advanced Accounting | Unit 3
Group I Paper 2: Group I Paper 3: Group II Paper 4: |
SET A: Corporate and Economic LawsSET B: Strategic Cost & Performance Management either of SET C: Specialization (elective) or SET D: Multidisciplinary (elective) |
| Paper 6: Auditing and Assurance | Group II Paper 5: Auditing and Ethics | ||||
| Paper 7: Enterprise Information Systems & Strategic Management | Group II Paper 6: Financial Management and Strategic Management |
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