IMPORTANT POINTS IN PROPOSED SCHEME CHANGES BY ICAI

1. Total course period could be reduced to 42 months from 48 months
2. Students may now register for the Foundation in 10th standard also.
3. Students may appear for Foundation Exams after their appearance for 12th exams compared to earlier students should have cleared 12th exams.
4. Total papers in Intermediate and final could be reduced down to 6 from 8 papers and the 2 papers at Intermediate and final will be for self study based.
5. Now it could be 30% MCQ in all 6 papers with a NEGATIVE marking of 25%.
6. The articleship period could be reduced to 2 years from 3 years.
7. Leaves in the articleship period could be reduced down to 24 days only from 156 days earlier.
8. Final attempt only after 6 months of completion articleship period.
9. For taking COP one has to undergo 1 year of work experience under FCA in practice.

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