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​The Institute of Chartered Accountants of India (ICAI) is the premier professional accounting body in India, responsible for regulating the profession of Chartered Accountancy. Established under the Chartered Accountants Act, 1949, ICAI plays a pivotal role in setting accounting standards, conducting examinations, and providing continuous professional education to its members.

📘 New Scheme of Education and Training

In June 2023, ICAI introduced a New Scheme of Education and Training aimed at modernizing the Chartered Accountancy curriculumKey highlights include

  • Revised Articleship Tenure:The duration of practical training has been adjusted to better align with current industry practices
  • Restructured Examination Pattern:Examinations now place greater emphasis on conceptual understanding and practical application
  • Enhanced Skill Development:The curriculum incorporates modules focusing on emerging areas such as data analytics and technology Updated study materials for the Foundation, Intermediate, and Final courses are available under this new scheme citeturn0search4

📚 Study Material Access

Students can access the latest study materials tailored to the New Scheme through ICAI's Board of Studies (BoS) porta:

  • Foundation Course Includes subjects like Accounting, Business Laws, Quantitative Aptitude, and Business Economic. citeturn0search10
  • Intermediate Course Covers areas such as Advanced Accounting, Corporate and Other Laws, Taxation, and Auditin. citeturn0search6
  • Final Course Encompasses advanced topics in Financial Reporting, Strategic Financial Management, and Professional Ethic. These resources are designed to equip students with the knowledge and skills required for the evolving business environmen.

📖 ICAI Knowledge Ban

The ICAI Knowledge Bank, an initiative by the Committee for Capacity Building of Members in Practice (CCBCAF), serves as a comprehensive repository of professional resourcs It offes:

  • *Technical Publications: Guidance notes on auditing standards, accounting treatments, and regulatory compliancs.
  • *Journals and Newsletters: Regular publications featuring articles on contemporary issues in accounting and finane.
  • *Other Publications: Resources on topics like taxation, corporate laws, and financial managemet.

Members can explore these materials to stay updated with the latest developments in the professin. citeturn0search1

For more detailed information and resources, you can visit the official ICAI website and the ICAI Knowledge Bank.