The Institute of Chartered Accountants of India (ICAI) is all set to revise the syllabus for CA examinations so as to incorporate the new indirect tax law, ie, Goods and Services Tax (GST) and corporate social responsibility (CSR)—Parliament was informed on Tuesday.
“The curriculum of the Chartered Accountants (CA) courses has been recently revised by the Institute of Chartered Accountants of India (ICAI),” minister of state for corporate affairs Arjun Ram Meghwal said in a written reply to the Rajya Sabha.
He further said that several contemporary and relevant topics including GST, integrated as well as CSR reporting, and global financial reporting standard have been included in the CA syllabus.
The Chartered accountant’s apex body also introduced chapters on Islamic finance, start-up finance, small and medium enterprises (SME). Certain redundant topics on indirect taxes—services tax, excise duty and value added tax (VAT)—have been deleted.