The Institute of Chartered Accountants of India ( ICAI ) is all set to launch multiple choice questions and revaluation in CA Inter, Final exam from 2019.
Chartered Accountants body Chief, CA Naveen N D Gupta said that from May next year, the CA exam will have 30 percent multiple choice questions for selected papers at intermediate and final levels to strengthen conceptual clarity among the students. Besides, a pilot project of centralized evaluation of one paper in final level is also being implemented. In the central evaluation, examiners will be evaluating the answer books in the presence
“To strengthen conceptual clarity and sharpen the analytical skills of students. ICAI has introduced objective assessment for selected papers at the intermediate and final levels from May 2019 examination” Institute of Chartered Accountants of India (ICAI) said in a release.
This reforms will make the process of examination and evaluation more credible, it added. Apart from that, on technology front ‘Virtual ICAI’ portal for students is being created.
Using the portal, students will be able to fill the forms digitally for all purposes and check the status online. Once the platform is fully operational, there will be no need for students to visit any branch or regional office for any queries, said ICAI.
The Chartered Accountant Act 1949, which is the basis of the CA education does not allow re-evaluation of answers.
“Re-evaluation will soon be introduced for all the CA exams as ICAI is considering bringing together a scheme of amendments in the Chartered Accountant Act 1949, for which dialogues with the University Grants Commission (UGC), Ministry of Corporate Affairs (MCA) and Ministry of HRD have already been initiated to provide best practices being followed by universities across the nation,” Naveen Gupta, president.
“The Council has also approved changes recommended by the board in the syllabus at the foundation, intermediate and final levels. The updated details will soon be uploaded on the ICAI website,” added Gupta.
The Institute in partnership with Tata Consultancy Services (TCS) has also adopted Software as a Service (SaaS) model for precise digital evaluation. Through this analytical report will be generated to enable the examination committee to undertake prompt quality control checks.
