The Institute of Chartered Accountants of India (ICAI) announced a significant change on March 7 in the pattern of the CA Foundation and Intermediate exams. According to the new guidelines, the Foundation and Inter exams will be held three times a year. Until now, the ICAI administered the CA Inter and Foundation exams twice a year.

A Central Council Member (CCM) of the ICAI, Dhiraj Khandelwal, announced the big change in pattern on his official X (formerly Twitter) account. “Welcoming move by the ICAI to bring a beneficial change in favour of the CA student fraternity by introducing CA examinations thrice a year for CA Foundation and CA Inter level. Further Updates shall be clarified by the ICAI soon,” reads Khandelwal’s post.

The ICAI foundation exam is the first stage or entry-level exam in India to become a Chartered Accountant (CA). Candidates who pass the Class 12 exam can sit for the CA foundation exam. Furthermore, CA Intermediate is the second step after the foundation exams. The CA intermediate stage is divided into two groups of four subjects. A student is eligible to register for the CA Intermediate course once they have completed Foundation. In addition, the CA final is the final stage in becoming a CA.

On the other hand, the ICAI has released the ICAI CA mock test series 1 for intermediate and final students who are going to appear in the ICAI CA May 2024 exams. To access the ICAI CA May 2024 mock tests, candidates must log in using their registration number and password. The ICAI CA mock test series 1 will be administered in both physical and virtual formats. Candidates who wish to take the physical mode test should contact the respective branches in their area. The official notice includes a list of the ICAI’s regional branch offices.

As per the timetable, the ICAI CA intermediate exams 2024 are scheduled for May 3, 5, and 7 for group 1 while May 9, 11, and 13 for group 2. Meanwhile, CA final group 1 and group 2 exams will be held from May 2 to 6, and May 8 to 12, respectively.