ICAI seeks Govt nod for 'completely revamped' course curriculum

The curriculum, revised every 10 years, has been sent to the ministry of corporate affairs for an approval

Chartered accountants' body ICAI is awaiting an in-principle approval from the government for its "completely revamped" course curriculum that is in tune with current economic landscape.

The curriculum for the chartered accountants programme is revised every 10 years and the latest one has been prepared after long drawn consultations with stakeholders.

"Our (revised) course curriculum is in advanced stage of getting approval from the central government. It is a completely revamped course curriculum... It has gone to the Corporate Affairs Ministry (for approval)," ICAI President Manoj Fadnis told PTI.

The Institute of Chartered Accountants of India (ICAI), set up under an Act of Parliament, comes under the Corporate Affairs Ministry.

"It is an upgrade in 10 years. When we do it, we will look at what is the syllabus and how is it relevant with requirements of trade and commerce. The whole syllabus gets updated, with course corrections, new changes and (by incorporating) best practices worldwide," Fadnis noted.

Post the Ministry's approval, the curriculum would be put up for public comments. After taking into account the comments received from various quarters, the final draft would be sent to the Ministry.

Fadnis said once the final nod from the Ministry is received for the revised curriculum, then the same would be implemented in five to six months.

Thousands of students are pursuing chartered accountants' programme and there are more than two lakh qualified chartered accountants.