A significant decision was made by the Council of The Institute of Chartered Accountants of India (ICAI) to hold the Chartered Accountancy (CA) exams three times a year starting in 2024. The decision was made at the ICAI’s 430th meeting, which took place in New Delhi on March 7, 2024.
The exams will take place in the months of January, May/June, and September, as decided by the council. Exams were only administered in January and May/June in the past. Three exams will be given for the Foundation and Intermediate courses.
According to an official ICAI release, “It has been decided that examinations for the Intermediate and Foundation courses will be held three times a year, in the months of January, May/June, and September, to better serve the students. Both exams were previously administered twice a year. Exam frequency is increasing globally to give students more opportunities to take the test. In light of this, ICAI has matched up with international best practices.”
Students will have more opportunities to take the exam after the new decision. Additionally, the exam interval has been shortened from the current six months to four months, saving two months.
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According to the official ICAI release, this will help students who finished their study period so they can take the exam without having to wait two months.
Almost 4,36,500 students have registered for the exam that is set to take place in May or June of 2024.
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