ICAI Proposed CA New Scheme of Education and Training 2023 – All You Need to Know

ICAI CA New Scheme 2023 – The ICAI has recently proposed a CA new scheme of education and training in June 2022. The revised scheme of education has some changes in all three levels of the CA Course and the practical training of three years.

Before that, ICAI revised the CA syllabus in 2017, where CA Foundation, CA Intermediate and CA Final new course syllabus was introduced.

In the CA new syllabus 2023, some papers from all three levels are merged, and some are removed. Moreover, in the new scheme, the CA articleship period is reduced from 3 to 2 years.

ICAI CA Course Level New Changes
CA Foundation 4 Subjects from 6 Subjects
CA Intermediate 6 Papers (3 in each Group)
CA Articleship Period Reduced from 3 to 2 years
CA Final 6 Papers (3 in each Group)

There are also many changes in the eligibility, registration validity, syllabus, subjects, paper pattern, passing criteria, exemptions, training leaves, and leaving the CA course.

For now, the new scheme of education and training is in the draft and waiting for approval by MCA. If the MCA approves the new syllabus before Feb 2023, then it will be applicable from Nov 2023 onwards.

Latest Update on ICAI CA New Scheme 2023 Applicability Date

So, in this article, we’ll tell you everything about the ICAI proposed new scheme of education and training 2023 and the comparison between the old and new schemes.

To understand all the points of the CA new syllabus 2023, watch the detailed video of CA RC Sharma sir.

CA New scheme 2023

Students can also check out our web story on CA New scheme 2023.

ICAI CA New Scheme of Education and Training 2023

Before jumping into the details of each course and training, let us first check out the CA Course duration under the new scheme.

So, in the CA new scheme, a student will now take 42 months to become a Chartered Accountant.

ICAI CA Course Level Current New Changes
CA Foundation Registration/ Appear 10 + 2 Start Start
CA Foundation Study Period 4 Months 4 Months
CA Intermediate Study Period 8 Months 8 Months
CA Articleship 36 Months 24 Months
CA Final Study Period 6 Months
Total CA Course Duration 48 Months 42 Months
Work Experience for CoP 12 Months

ICAI CA New Scheme 2023 Applicability Date – Latest Update

In the latest announcement by the ICAI member, CA Anupam Sharma, the ICAI and the MCA will decide on the applicability of the CA New scheme 2023 on February 7, 2023.

Further, as per the ICAI Vice-president, CA Aniket Sunil Talati, the CA New Scheme 2023 will be implemented from Nov 2023 attempt if the MCA approves it before Feb 2023. If the approval gets delayed by the MCA, then the new scheme will be applicable from May 2024 attempt.

CA Foundation New Course 2023

Currently, there are no criteria for a number of attempts in the CA Foundation course. Hence, students can give any number of attempts. The CA Foundation registration validity can also be revalidated multiple times.

But in the proposed scheme of education and training, students can register after the 10th, and the CA Foundation registration is valid for four years. Moreover, students cannot further revalidate their foundation registration after those 4 years.

Also, now there will be no cut-off dates like January 1 and July 1 for the CA Foundation registration. This will enable ICAI to conduct three exams in a year.

CA Foundation New Syllabus 2023

Currently, the CA Foundation syllabus comprises of 6 subjects and 4 papers. Now, in the new scheme, ICAI removed 2 subjects: Business Correspondence & Reporting and Business & Commercial Knowledge.

The CA Foundation new syllabus 2023 is as follows:

  • Paper – 1: Accounting (100 Marks)
  • Paper – 2: Business Laws (100 Marks)
  • Paper – 3: Quantitative Aptitude (100 Marks)
    • Business Mathematics
    • Logical Reasoning
    • Statistics
  • Paper – 4: Business Economics (100 Marks)
    CA Foundation Syllabus under new scheme of education and training

    CA Foundation Passing Criteria

    The ICAI has also made some changes in the CA Foundation exam pattern. In the new scheme, students have to get 50% marks to crack the CA Foundation exams, and there will be a negative marking of .25 for every wrong MCQ answer.

    Subjective and Objective bothSubjective and Objective with negative marking (.25)

    These are all the changes in the new scheme of education and training for the CA Foundation course.

    If you’re going to prepare for the 2023 exams, then you can enrol for the CA Foundation coaching of VSI Jaipur. Our classes are completely based on the latest ICAI exam pattern and study materials.

    CA Intermediate Course under New Scheme 2023

    CA Intermediate Eligibility

    The eligibility criteria for the CA Intermediate course are the same as before. However, to appear in the exams, the direct entry route students must undergo an 8-month study period.

    CA Intermediate Registration Validity

    The validity of the CA Intermediate registration is now for 5 years as against four years. And CA Intermediate students can revalidate their registration form only once with the prescribed fees.

    Changes in the CA Intermediate Registration validity

    Also Check: CA Course Fees

    CA Intermediate New Syllabus 2023

    Now, there will be only 6 papers in the CA Intermediate course and not the 8 papers. The changes proposed by the ICAI in the CA Intermediate subjects are:

    • Paper 1 and 5 are merged into one, and one paper that is – Advanced Accounting.
    • Enterprise Information Systems is removed from paper 7, and Economics for Finance is removed from paper 8. The remaining part is merged in paper 6 as Financial management and strategic management (50 marks + 50 marks).
    • Paper 2 of corporate law will cover the companies act entirely. Its portion of Business law will be covered at the CA Foundation level.
    CA Intermediate papers under new scheme of education and training

    Now, there will be 2 groups of 3 papers each.

    CA Intermediate Passing Criteria

    The passing criteria for the CA Intermediate exams will also change. So, there will be 30% MCQ-based questions in all 6 papers. Furthermore, the negative marking of .25 will deduct for every wrong answer.

    Must Check: CA Intermediate Classes for the Nov 2023 exams.

    Exemption Criteria for CA Intermediate

    After the new scheme, if you get an exemption in any paper, then the exemption will be permanent for that paper. That means the ICAI will treat the exempted papers as permanently passed. However, you need to clear the rest of the papers with 50% marks.

    Exemption Criteria proposed by ICAI for CA New course 2023

    Read More: CA Exemption Rules

    CA Articleship Training

    In the CA articleship Training, ICAI has proposed significant changes that will benefit the students.

    Practical Training Time Period/Duration

    ICAI has reduced the CA articleship duration from 3 years to 2 years. It is good news for all the CA aspirants as now they can become CA earlier than before.

    However, with the reduced period of CA Articleship, there comes a condition for aspirants who want to become a practitioner.

    Students who want to practice CA must have 1 year of experience in a Chartered Accountancy firm. Afterwards, they will get a certificate of practice.

    For existing CAs, if they have worked for one year in a CA firm in the last 5 years, then this condition will be treated as fulfilled. This condition does not apply to aspirants who want to do a job.

    CA Articleship period reduced in the ICAI New scheme 2023

    Note: Students can undergo industrial training for nine months to 1 year (in the last 1 year of the articleship).

    CA Articleship Eligibility

    Under the CA new scheme 2023, students have to clear both the groups of CA Intermediate and completion of ICITSS training to be eligible to start the articleship training.

    The move will benefit the student, as now they can focus entirely on the practical training and don’t have to worry about the exam preparation.

    CA Articleship Stipend

    Many students often complain that their CA articleship stipend is low. So, ICAI has decided to increase the stipend by 100%.

    CA Articleship Leaves

    Since students don’t have to give any exams during the practical training, ICAI has reduced the number of leaves. Students can take only 12 leaves in a year, which means 24 leaves in two years.

    CA Articleship Leaves

    ICAI Self-paced Modules

    ICAI has introduced the self-paced modules under the new scheme of education and training. Students can study these modules at their own pace and give online exams.

    The self-paced modules are divided into four sets: Set A, Set B, Set C, and Set D.

    Self-paced modules under new scheme

    To become eligible for the CA Final exams, students have to clear these 4 sets. To clear these modules, they have to score more than 50% marks in each module.

    Among the 4 sets, Sets A and B, which are Economics Law and Strategic Cost Management, are compulsory. Also, these are the deleted subjects of the CA Final old course.

    In the other two sets, students can choose the topic of their own choice. Students can study for these self-paced modules online during the articleship training and clear their exams simultaneously.

    CA Final Course under New Scheme of Education and Training

    CA Final Eligibility and Registration

    To become eligible to register for the CA Final course, students have to pass both groups of CA Intermediate exams and complete the ICITSS training.

    However, to appear in the CA Final exams, students need to:

    • Complete Advanced ICITISS Course
    • Complete 6 month study period after the practical training is over.
    • Crack all the 4 self-paced modules.

    The CA Final registration is valid for 10 years. Aspirants can revalidate their registration after 10 years with the prescribed fee.

    CA Final registration eligibility and validity

    CA Final New Syllabus 2023

    In the CA new scheme 2023, ICAI has reduced the CA Final papers from 8 to 6. Now, there are 2 groups that will include 3 papers each.

    Major changes done in the CA Final Subjects are:

    • Subjects of papers 4 and 5 will be removed and included in the self-paced modules.
    • Now, there will be no options in Paper 6. It will be a Multi-disciplinary case study with Strategic Management
    • Elective subjects such as risk management, and financial services and capital markets are now part of the Set C of the self-paced modules.
    CA Final subjects under new scheme of education and training

    CA Final Exam Pattern

    Like CA Intermediate new course 2022, all CA Final papers will also have 30% MCQ-based questions. And, there will be a negative marking of 25% on every wrong objective answer.

    Talking about the CA Final exemption rules, they are the same as CA Intermediate. Check the latest update on the CA Final Nov 2022 result in this detailed article.

    Exit Route – Business Accounting Associate

    The exit route will also change under the new CA Course 2023. Students generally exit the CA Course as they are not able to crack the CA Final exams.

    Now, instead of Accounting Technician, ICAI will provide the certificate of Business Accounting Associate. However, they need to fulfil the following criteria:

    • Cleared both groups of CA Intermediate.
    • Complete the CA Articleship Training.
    • Completed the soft skills and Information technology courses.
    • Cleared all 4 self-paced modules.

    Students can check the PPT presentation and pdf made by the ICAI for the new proposed scheme, which is also the source of this article.


    This is all about the CA New scheme of education and training proposed by ICAI recently. The new course will benefit future Chartered Accountants as it will prepare them for the International markets.

    Stay connected with this page of VSI Jaipur, as we will update this page with all the ICAI announcements regarding the new scheme of the CA Course.