The Institute of Chartered Accountants of India (ICAI) announced big news that the CA Foundation and Intermediate exams will be held three times annually. Starting in June 2024, This change is meant to give aspiring Chartered Accountants more flexibility and better chances of success.

 Dhiraj Khandelwal, a Central Council Member (CCM) of the Institute of Chartered Accountants of India (ICAI), announced the adjustment to CA exam frequency, now held three times annually, via the social media platform X, previously recognized as Twitter.

Great News for CA Aspirants: Exams Offered Three Times a Year!

The Institute of Chartered Accountants of India (ICAI) has announced a significant change for CA Foundation and Intermediate (Inter) exams. Starting in June 2024, these exams will be offered three times a year, instead of the previous twice-a-year schedule. This means you'll have more flexibility and opportunity to demonstrate your skills on the path to becoming a Chartered Accountant.

This modification aims to simplify matters for students, offering increased flexibility and reducing the pressure associated with preparing for these challenging examinations. While the CA Foundation and CA Inter exams are slated to be held three times a year, the CA Final exams will continue to occur twice yearly.

Highlights of ICAI's Announcement on CA Exams Thrice a Year
Aspect	Before June 2024	After June 2024
Exam Pattern for CA Foundation and Inter Exams	Two times in a Year	Now Both Exams will be held three times a year.
Date of Implementation	NA	June 2024
Exam Flexibility	Limited	Expanded Opportunities for Candidates
Stress Reduction	NA	Intended to alleviate student stress
CA Final Exams	Biannually	Biannually
Impact on CA Students	Limited flexibility	Greater flexibility

Why did ICAI decide to conduct CA Exams three times annually?

The Institute of Chartered Accountants of India (ICAI) has made a beneficial adjustment for CA students. They will now have the option to sit for CA exams three times a year, providing them with increased flexibility and improved prospects for success.

Note: This decision, announced by Central Council Member (CCM) Dhiraj Khandelwal, aims to reduce stress for students and provide them with more opportunities to succeed in their CA journey. ICAI wants to support students in a continuous learning approach by switching the CA Foundation and Inter exams to a triannual format. This change of the CA intermediate exam thrice a year is expected to improve their performance and reduce the risks of having only one chance at the exams. 

Revised timetable for CA Foundation and Intermediate Exams

The new schedule for CA Foundation and Intermediate exams is as follows:

• CA Foundation June 2024 exams are all set to be conducted on June 20, 22, 24, and 26, 2024.
• CA Intermediate May 2024 exams will be conducted from May 3 to 13, 2024.

These alterations signify a noteworthy transformation in the examination structure overseen by the Institute of Chartered Accountants of India (ICAI), offering students enhanced prospects for achievement. They also decrease the time between exam attempts for CA Foundation and Intermediate levels to four months.

New schedule for CA Foundation and Intermediate Exams
Exam Level	Exam Period	Exam Dates
CA Foundation June 2024	June 20, 22, 24, 26	2024
CA Intermediate May 2024	May 3 to 13	2024

 

Frequently Asked Questions (FAQs):

Q.1 Why has ICAI started conducting CA Foundation and Inter Exams three times a year now? 

Ans. ICAI aims to enhance flexibility and boost success rates for CA students by offering more exam opportunities throughout the year.

Q.2 When are the CA Foundation June 2024 exams scheduled under the new timetable? 

Ans. The CA Foundation June 2024 exams are set for June 20, 22, 24, and 26, 2024.

Q.3 What is the rationale behind reducing the interval between CA Foundation and Inter exam attempts to four months? 

Ans. The shortened interval is intended to expedite students' progress, providing them with faster chances to advance in their CA journey.

Q.4 How can these adjustments benefit CA students preparing for exams? 

Ans. The revised schedule grants students greater flexibility in planning their exam attempts, alleviates stress, and encourages a continuous learning approach, ultimately enhancing their performance.

Q.5 Has there been any change in the exam period for CA Intermediate May 2024 exams? 

Ans. Yes, the CA Intermediate May 2024 exams are scheduled from May 3 to 13, 2024, reflecting the new examination system introduced by ICAI.

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