The Institute of Chartered Accountants of India (ICAI) has recently made important updates regarding the CA Foundation Exam 2023. Originally scheduled for December 24, 26, 28, and 30, 2023, the exam dates have been rescheduled to December 31, 2023, and January 2, 4, and 6, 2024. The unforeseen circumstances leading to this change have prompted ICAI to adjust the timetable to better accommodate candidates.
Admit Card and Other Key Details:
The admit cards for the CA Foundation Exam 2023, scheduled for the revised dates, were released on December 15, 2023. Candidates can download their admit cards from the official hall ticket website of ICAI – eservices.icai.org. It is imperative for candidates to carry the admit card to the examination hall along with a valid ID proof.
Registration and Exam Form:
The exam form for the CA Foundation December 2023 session was released on August 2, 2023. The deadline for registration without late fees was July 1, 2023. Late fees were applicable until August 23, 2023. Candidates were given a window for application correction from September 1 to 7, 2023.
Results and New Education Scheme:
The results of the CA Foundation June 2023 session were declared on August 7, 2023. Furthermore, ICAI introduced a new scheme of education and training for CA Foundation, effective from July 1, 2023. Candidates can register for the CA Foundation under the new scheme starting from August 2, 2023. The last exam under the existing scheme will be held in December 2023.
Changes in Syllabus and Exam Pattern:
Under the new scheme, there are notable changes in the CA Foundation syllabus and exam pattern:
- The number of subjects has been reduced from 6 to 4.
- Business & Commercial Knowledge and Business Correspondence Reporting subjects have been removed from their respective papers.
- ICAI is considering introducing negative marking, deducting 0.25 marks for each incorrect answer.
- The pass percentage under the new scheme is set at 50% for each paper.
These proposed changes are subject to finalization in the new syllabus released by ICAI.
CA Foundation Exam Overview:
The CA Foundation Exam serves as the entry level for the Chartered Accountancy Course. It comprises four papers, two of which are objective and two subjective. The exam is held twice a year, in June and December.
Important Dates:
- CA Foundation Exam (December Session): December 31, 2023, and January 2, 4, and 6, 2024.
Candidates are advised to stay updated with official ICAI notifications and regularly check the official website for any further announcements or changes.
In conclusion, aspiring candidates should adhere to the revised schedule, download their admit cards, and prepare for the CA Foundation Exam according to the updated syllabus and exam pattern.