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ICAI New Exam Pattern For May 2024 Attempt Latest Update

ICAI New Exam Pattern For May 2024 Attempt Latest Update

By Smart Learning Destination, 16-01-2024

The detailed exam structure for the ICAI CA Exam 2024, aligned with the new scheme introduced by ICAI in 2024, is provided below. Explore the modifications in the CA Exam Pattern, including changes in subjects, marking schemes, and the criteria for passing.

The ICAI CA Exam Pattern is carefully designed by the Institute of Chartered Accountants of India (ICAI) to teach students skills in accounting, taxation calculations, and legal paperwork. The course has three levels: CA Foundation, CA Intermediate, and CA Final, and you need to complete them in order to become a Chartered Accountant.

Each level has a different exam pattern and difficulty level. Because the CA papers are quite challenging, the pass rates are usually low, and candidates often have to attempt the exams multiple times to pass each level.

ICAI CA exams happen twice a year, in May-June and November-December. They are conducted in a computer-based format over four days, with one paper per day. This article will give you all the details about the ICAI CA exam pattern for 2024.

CA Exam Pattern for May 2024

The ICAI has made big changes to the CA Exam Pattern in its latest scheme. They've reduced the number of exams for both CA Intermediate and CA Final from 8 to 6. Moreover, they've added multiple-choice questions (MCQs) to all subjects at these levels.

ICAI CA Exam Pattern 2024 Highlights

The CA exam pattern for 2024 has been updated. Check the table below for essential information regarding the ICAI CA exam pattern for Foundation, Intermediate, and Final courses.

CA Exam Features

Details

Exam Name

Chartered Accountancy (CA) exam

Exam Conducting body

ICAI

Exam Levels

  • CA Foundation
  • CA Intermediate
  • CA Final

Mode of Exams

Computer test mode based

Exam Frequency

Twice in a year

  • May-June
  • November-December

Total Marks per Paper

100

Level of Difficulty

Tough

Number of Attempts

Multiple

New Exam Pattern for CA Intermediate in May 2024

Significant alterations are on the horizon for CA Intermediate Accounting and Auditing, introducing a fresh set of ethical guidelines for CA Inter Auditing. Explore the updated CA Exam Pattern for the intermediate level examination in the table provided below:

New Exam Pattern For CA Inter May 2024 

Paper

Subject

Marks Distribution

Paper 1

Advanced Accounting

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 2

Corporate Laws

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 3

Cost and Management Accounting

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 4

Taxation

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 5

Auditing and Code of Ethics

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 6

Financial Management

35 Marks (Subjective)

   

15 Marks (Objective)

 

Strategic Management

35 Marks (Subjective)

   

15 Marks (Objective)

New Exam Pattern for CA Final in May 2024

New Exam Pattern For CA Final May 2024 

Paper

Subject

Marks Distribution

Paper 1

Financial Reporting

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 2

Advanced Financial Management (AFM)

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 3

Advanced Auditing and Professional Ethics

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 4

Multi-disciplinary case study with Strategic Management

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 5

Direct Tax Laws and International Taxation

70 Marks (Subjective)

   

30 Marks (Objective)

Paper 6

Indirect Tax Laws

70 Marks (Subjective)

   

30 Marks (Objective)

New Exam Pattern for CA Foundation in June 2024

New Exam Pattern CA Foundation June 2024 

Sl. No

Paper Name

Marks

Type of Questions

1

Accounting

100

Subjective

2

Business Laws

100

Subjective

3

Quantitative Aptitude:

100

 
 

Part A: Business Mathematics

 

Objective – 40 Marks

 

Part B: Logical Reasoning

 

Objective – 20 Marks

 

Part C: Statistics

 

Objective – 40 Marks

4

Business Economics

100

Objective

Duration of CA Course in the New Scheme as of May 2024

In the important phase of CA Articleship, where professionals learn and grow, there have been some notable changes. Currently, this period lasts for three years, but in the new scheme beginning May 2024, it has been shortened to two years. As a result, the overall duration of the entire course has been reduced from 48 months to 42 months in the new scheme.

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