Institute of Chartered Accountants of India (ICAI) is all set to revamp the curricula and the training to produce ‘global chartered accountants' who are equally comfortable with Indian accounting standards and international financial reporting standards, according to ICAI central council member Babu Abraham Kallivayalil.
Suggestions
“We have recently readied the draft of the remodelled version of the syllabus and final touches would be given to the document on February first week. The suggestions incorporated will get implemented once the necessary ratification for the same was obtained from the Union Ministry for Corporate Affairs,” he told The Hindu on the sidelines of the inauguration of a ‘Smart’ conference room at the ICAI (Tirupur branch) here.
As part of the initiative to raise the standards of chartered accountants to the global levels, the ICAI would be making the changes from the selection of candidates for the CA course itself.
“Presently, the Common Proficiency Test for selection of candidates is 100 per cent objective type. We are now going to make it as a mixture of objective and descriptive pattern so as to test the aptitude levels, command of English and presentation skills of the aspirants,” Mr. Abraham said.
Apart from that, the ICAI in its draft report on remoulding of curricula had decided to take out the 100 hours of IT training and two-week-long general management and communication skills training from the three-year articleship training.
“Instead, the IT training, orientation programme and communication/management skills training will be given separately either before or after the three-year articleship course.” Mr. Abraham said that ICAI plans to open 50 more reading rooms in as many branches of ICAI across the country.
“We are also planning to build a ‘signature building’ for the Southern Indian Regional Council of ICAI with the edifice embedded with state-of-the-art classrooms and conference halls,” he added.
