Aspiring Chartered Accountants (CAs) in India have reason to rejoice! The Institute of Chartered Accountants of India (ICAI) has announced a significant increase in exam attempts for the Foundation and Intermediate levels." There is good news for students preparing for CA," said ICAI Chairman Aniket Talati at a dialogue program held by the Gujarat Chamber of Commerce and Industry (GCCI). "The CA Foundation and Intermediate exams, which were previously conducted twice a year in May and November, will now be held thrice a year," he announced.
This move comes in response to the "ever-increasing number of students" pursuing the CA course, according to Talati. The new format will be implemented from May 2024 onwards, offering students greater flexibility and more chances to succeed. Finance Minister Nirmala Sitharaman, who was also present at the event, acknowledged the growing importance of the CA profession in Gujarat. "Ahmedabad is today the second largest branch of ICAI across India," she said, highlighting the presence of over 15,000 CAs in the city. Sitharaman also commended Talati for his efforts in securing approval for a new CA course.
Sitharaman's address extended beyond the CA announcement. She noted a shift in Gujarat's economic focus, stating, "you were known as stock operators, traders, CA, but now the Gujarat community is identified as a manufacturer." This comment suggests a growing emphasis on manufacturing within the state's economy.
In a separate press conference, Sitharaman elaborated on the government's commitment to social welfare. "Following the Lok Sabha elections, leaders including the PM are campaigning,Modi government has done the job of uplifting the smallest class," she said. This statement highlights the government's focus on social initiatives in the lead-up to the upcoming elections. The ICAI's decision to increase exam frequency is a positive step for CA aspirants. With more opportunities to attempt the crucial exams, students will have greater control over their study schedules and career progression. This, coupled with the evolving economic landscape in Gujarat, paints a promising picture for the future of the CA profession in the state.
