×
Headlines

ICAI publishes Draft Report of High-Level Independent Committee on CA Exam Processes and Regulations for Public Comments [Read Report]

Financial Reporting - High-Level Independent Committee - COP Fees - Cash Flows - ICAI - Taxscan

The Institute of Chartered Accountants of India ( ICAI ) has published a draft report of the High-Level Independent Committee on Exam Process and Regulations for the public comments.

ICAI had on 26th September 2019, constituted a High-Level Independent Committee (HLIC) to look into the Examination processes/ Regulations governing CA Examinations including Regulation 39(4) of the Chartered Accountants Regulations, 1988 and suggest changes wherever required in the ICAI examination system.

Earlier, the Committee had invited the suggestions from stakeholders in a structured format on various issues relating to CA exams.

The Committee had deliberated on the issues within its terms of reference; considered the suggestions received from stakeholders and has since prepared a draft report which is hereby put in the public domain for the comments of the stakeholders.

Students and other stakeholders may give their further suggestions if any so that they can be examined and the report finalised. They can post their suggestions, with name, address and contact details (Mobile No. & E-mail ID) of the person forwarding, so that the Committee can communicate with the person, if need be, for further information or clarification.

In order to facilitate collation of all the suggestions/views received, it is desired that the suggestions be forwarded issue-wise under the following heads:

S. No. Issues
1 System/Structure of conducting Examination
2 Format/Structure of Question Paper
3 Evaluation Process of Answer books
4 Methodology for awarding marks including step by step marking
5 Existing System of verification of Answer Books
6 Re-evaluation of the Answer Books
7 Supply of certified copies of evaluated answer books, post result to the students
8 Procedural changes required, if any
9 Adoption of new technology and changes, if any, required in the existing technology being used.
10 Regulatory changes required, if any
11 Any other matter relating to CA exams

The suggestions be brief and in any case not exceed 150 words. The suggestions can be posted here.

The last date for posting the comments is 24th February 2020.

To Read the full text of the Report CLICK HERE
Top