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About CA Intermediate Exam 2023
ICAI will release the CA Inter November 2023 result between January 5 to 10, 2023. ICAI CA Intermediate November exams were conducted from November 2 to November 17, 2023. The CA Intermediate November 2023 exams were held in over 250 exam centres in India and 08 overseas centres. Candidates who have registered for CA Intermediate programme and have completed the required study period can appear in the November session exams. Candidates who are registering for CA Intermediate after July 1 will become eligible to appear in May 2024 exams.
ICAI CA Intermediate New Scheme of Education and Training
ICAI has released the new education and training for CA course after consulting all stakeholders. The CA Intermediate new scheme 2023 has come into effect from July 1, 2023. Registrations for CA Intermediate has started from July 1, 2023. The first session for CA Intermediate under the new scheme will be held in May 2024. ICAI will conduct the last session under CA Intermediate existing scheme in November 2023. Let us have a look at the new changes under the CA Intermediate new scheme of education and training.
What's new in CA Intermediate New Scheme of Education and Training
- The CA Intermediate registration validity has been extended to 5 years from 4 years.
- Candidates will be able to revalidate their registration by paying prescribed fee only once.
- Candidates opting for the direct-entry route for CA Intermediate registration will be required to complete 8 months of study period.
- The number of papers have been reduced from 8 to 6.
- Advanced Accounting and Auditing and Code of Ethics have been merged and made a single paper.
- Enterprise Information Systems is removed from Enterprise Information Systems & Strategic Management, and Economics for Finance is removed from Paper 8 Financial Management & Economics for Finance.
- Code of ethics has been merged into Auditing and Assurance.
- The Corporate Laws paper will cover the Companies Act entirely and the business laws part has been moved to CA Foundation.
- A Provision of negative marking will be introduced in the CA Intermediate exam from May 2024. 0.25 mark will be deducted for each incorrect response.
- There will be 30% MCQs in all 6 Papers.
- ICAI has also reduced Articleship training from 3 years to 2 years.
CA New scheme will not be applicable from November 2023 session
The ICAI has clarified that CA new scheme of education for Inter and Final programmes will not be applicable for November 2023 session. This means candidates have to prepare for both the Final and Intermediate using the syllabus of the existing scheme.
What is the CA Intermediate Exam?
The CA Intermediate exam is the second level of the Chartered Accountancy Course and is divided into two groups- Group 1 and Group 2. Candidates have the option to appear in any of these or both groups. The Institute of Chartered Accountants of India (ICAI) conducts the national-level CA Intermediate exam twice a year - in May/ June and November/ December, in offline mode. CA Intermediate exam is the second stage of the 3-stage Charted Accountancy course. The CA Foundation is the 1st stage, while CA Final is the third and final stage. The CA Foundation exam is conducted twice a year: May/June or November/December.
New Syllabus of CA Intermediate Exam Under ICAI New Scheme
As per the new CA intermediate syllabus released on July 1, 2023, by ICAI, the following 6 papers are included in it
Corporate And Other Laws
Part I: Company Law And Limited Liability Partnership Law
Part Ii: Other Laws
Part I: 70 Marks
Part II: 30 Marks
Section A: Income Tax Law
Section B: Goods and Services Tax
Section A: 50 Marks
Section B: 50 Marks
Cost and Management Accounting
Auditing and Ethics
Financial Management And
Section A: Financial Management
Section B: Strategic Management
Exam Pattern of CA Intermediate Exam Applicable for Nov 2023
There are 8 papers in CA Intermediate exam which are divided as follows-
|Group I||Group II|
|Paper-1: Accounting (100 Marks)|
Paper-2: Corporate and Other Laws (100 Marks)
Part I: Company Law (60 Marks)
Paper-3: Cost and Management Accounting (100 Marks)
Section A: Income-tax Law (60 Marks)
Paper-5: Advanced Accounting (100 Marks)
Section A: Enterprise Information Systems (50 Marks)
Paper-8: Financial Management & Economics for Finance (100 Marks)
Section A: Financial Management (60 Marks)
CA Intermediate Qualifying Marks:
ICAI mandates all candidates to secure a minimum of 40% marks in each paper and an aggregate of 50% in all papers in order to quality CA Intermediate exam level.
CA Intermediate Exam - Statistics
|Exam||Group I||Group II||Both Groups|
|November 2022 Intermediate||100265||21244||21.19%||79292||19380||24.44%||37428||4759||12.72%|
|July 2021 Intermediate||60335||17563||29.11||45423||10082||22.2||20668||2169||10.49|
|July 2021 INT. (IPC)||8873||385||4.34||26413||7957||30.13||3798||25||0.66|
CA Intermediate Exam 2023 Highlights
|Full Exam Name||CA Intermediate Exam|
|Conducting Body||The Institute of Chartered Accountants of India|
|Frequency of Conduct||2 times a year|
|Exam Level||National Level Exam|
|Mode of Application||Online|
|Application Fee (General)||18000 Rs [Online]|
|Mode of Exam||Offline|
|Exam Duration||3 Hours|
CA Intermediate Exam 2023 Important Dates
Past Dates and Events
19 Nov, 2023
Exam - November session - Group 2, paper 8 (resheduled-only for Chhattisgarh & Madya Pradesh States) | Mode: Online
17 Nov, 2023
Exam - November session - Group 2, paper 8 | Mode: Offline
15 Nov, 2023
Exam - November session - Group 2, paper 7 | Mode: Offline
13 Nov, 2023
Exam - November session - Group 2, paper 6 | Mode: Offline
10 Nov, 2023
Exam - November session - Group 2, paper 5 | Mode: Offline
08 Nov, 2023
Exam - November session - Group 1, paper 4 | Mode: Offline
06 Nov, 2023
Exam - November session - Group 1, paper 3 | Mode: Offline
04 Nov, 2023
Exam - November session - Group 1, paper 2 | Mode: Offline
02 Nov, 2023
Exam - November session - Group 1, paper 1 | Mode: Offline
16 Oct, 2023
Admit Card - November session | Mode: Online
01 Sep, 2023 - 07 Sep, 2023
Application Correction - November session | Mode: Online
24 Aug, 2023 - 30 Aug, 2023
Late Fee Application - November session | Mode: Online
02 Aug, 2023 - 23 Aug, 2023
Application - November session | Mode: Online
05 Jul, 2023
Result - May session - Result | Mode: Online
20 May, 2023
Exam - May session - Group 1 paper 4 for Karnataka exam centres | Mode: Offline
18 May, 2023
Exam - May session - Group II paper 8 | Mode: Offline
16 May, 2023
Exam - May session - Group II paper 7 | Mode: Offline
14 May, 2023
Exam - May session - Group II paper 6 | Mode: Offline
12 May, 2023
Exam - May session - Group II paper 5 | Mode: Offline
10 May, 2023
Exam - May session - Group I paper 4 | Mode: Offline
08 May, 2023
Exam - May session - Group I paper 3 | Mode: Offline
06 May, 2023
Exam - May session - Group I paper 2 | Mode: Offline
03 May, 2023
Exam - May session - Group I paper 1 | Mode: Offline
17 Apr, 2023
Admit Card - May session | Mode: Online
04 Mar, 2023 - 10 Mar, 2023
Application Correction - May session - Correction window | Mode: Online
25 Feb, 2023 - 03 Mar, 2023
Late Fee Application - May session - Deadline for filling exam form with late fee | Mode: Online
03 Feb, 2023 - 24 Feb, 2023
Application - May session - Exam form | Mode: Online
Eligibility criteria refer to the minimum set of requirements to be fulfilled by candidates before registering for the course. The ICAI prescribes the official CA Intermediate course eligibility criteria. Complete information related to the qualifying marks, age limit and related is mentioned under the eligibility criteria. Following candidates can register for the CA Intermediate course-
- Candidates who have cleared the CA Foundation.
- Candidates who have passed graduation or post-graduation in Commerce stream, securing a minimum of 55% marks in aggregate or its equivalent grade
- Candidates who are in their final year of graduation can also register for the CA Intermediate course on a provisional basis
Mode of Application : Online
Mode of Payment : Net Banking | Credit Card | Debit Card | NEFT | Other
The registration for CA Intermediate exam May 2024 session is currently open. Candidates can register in online mode in the official portal of ICAI. Candidates can register for the CA Intermediate exam through two routes - (i) after clearing CA Foundation exam, (ii) direct entry route.
Direct Entry Route is open for -
- Candidates who have completed graduation/ post-graduation in commerce with a minimum of 55% marks (for other graduates 60%) can register for the CA Intermediate exam
- Candidates who have passed the intermediate level of the Institute of Company Secretaries of India and Institute of Cost Accountants of India
Note- Since the CA Intermediate exam is conducted twice a year the registration process continues throughout the year. However, candidates who wish to appear in May/ June or November/ December session must register on or before January 1/ July 1 of the same year respectively.
CA Intermediate registration process -
- Step 1- Go to the official website - icai.org
- Step 2- Click on the link "e-services"
- Step 3- Select student services from the drop-down menu
- Step 4- Click on CA Intermediate form
- Step 5- Fill the CA Intermediate application form
- Step 6- Upload the required documents
- Step 7- Make an online payment
- Step 8- Save the receipt for future reference
CA Intermediate Registration Fees
|Fee details||Both Groups||Group I/ II|
|Students' activities fee||2000||2000|
*Students belonging from newly formed Union Territories are given concession.
The CA Intermediate November 2023 application window has been closed. Candidates who wish to give the exam need to fill the exam form of CA Intermediate. Candidates have the option to attempt either of Group I/ II or both groups together.
Exam form fee
CA intermediate exam fees
Both groups of CA intermediate exam
Abu Dhabi, Dubai, Doha and Muscat
Either group I or group II of CA intermediate
Abu Dhabi, Dubai, Doha and Muscat
Once the exam form window closes, ICAI also provides the facility of making corrections (if required). Thus, candidates who wish to make changes in their respective CA Intermediate exam forms can rectify the errors.
ICAI officially releases the list of CA Intermediate exam centres at the time of the registration process. The December session CA Intermediate 2023 exams will be conducted across 400 exam centres in India, 8 international exam centres.
|General, SC, EWS, ST, OBC||Online||Transgender, Female, Male||₹ 18000|
Process of formulation of accounting standards
|Including Ind ASs (IFRS converged standards) and IFRSs; convergence vs. adoption; objective and concepts of carve outs|
Framework for preparation and presentation of financial statements (as per accounting standards)
Applications of accounting standards
|AS 1: Disclosure of accounting policies, AS 2 : Valuation of inventories, AS 3 : Cash flow statements, AS 4 : Contingencies and events occurring after the balance sheet date|
|AS 5 : Net profit or loss for the period, prior period items and changes in accounting policies, AS 10: Property, plant, and equipment, AS 11: The effects of changes in foreign exchange rates, AS 12: Accounting for government grants|
|AS 13: Accounting for investments, AS 16: Borrowing costs, AS 17: Segment reporting, AS 22: Accounting for taxes on income|
|Preparation of financial statements-statement of profit and loss, balance sheet and cash flow statement; managerial remuneration; accounting for tax: Concept of deferred tax asset and deferred tax liability in line with AS 22 ''accounting for taxes''|
|Profit (loss) prior to incorporation; accounting for bonus issue and right issue; redemption of preference shares; redemption of debentures|
Accounting for special transactions
|Investment; insurance claims for loss of stock and loss of profit; hire-purchase and instalment sale transactions|
Special type of accounting
|Departmental accounting; accounting for branches including foreign branches; accounts from incomplete records|
Dissolution of partnership firms
|including piecemeal distribution of assets; amalgamation of partnership firms; conversion of partnership firm into a company and sale to a company; issues related to accounting in limited liability partnership|
Corporate and other laws (company law)
The companies act, 2013-sections 1 to 148
|Preliminary, incorporation of company and matters incidental thereto, prospectus and allotment of securities, share capital and debentures, acceptance of deposits by companies, registration of charges, management and administration|
The companies act, 2013-sections 1 to 149
|Declaration and payment of dividend, accounts of companies, audit and auditors|
Corporate and other laws (other laws)
The Indian contract act, 1872 (specific contracts covered from section 123 onwards)
|Contract of indemnity and guarantee, bailment, pledge, agency|
The negotiable instruments act, 1881
|Meaning of negotiable instruments, characteristics, classification of instruments, different provisions relating to negotiation, negotiability, assignability, right and obligation of parties, presentment of instruments, rules of compensation|
The general clauses act, 1897
|Important definitions, extent and applicability, general rules of construction, powers and functionaries, provisions as to orders, rules, etc made under enactments, miscellaneous|
Interpretation of statutes
|Rules of interpretation of statutes, aids to interpretation, rules of interpretation/ construction of deeds and documents|
Cost and management accounting
Overview of cost and management accounting
|Introduction to cost and management accounting: (a) Objectives and scope of cost and management accounting, (b) the users of cost and management accounting information, functions of management accounting|
|Introduction to cost and management accounting: (c) Role of cost accounting department in an organisation and its relation with other departments, (d) installation of costing system, (e) relationship of cost accounting, financial accounting|
|Introduction to cost and management accounting: (e) Relationship of management accounting and financial management, (f) cost terms and concepts, (g) cost reduction and cost control, (h) elements of costs, (i) cost behavior pattern|
|Introduction to cost and management accounting: (i) Separating the components of fixed, variable semi variable, and step costs, (j) methods of costing, techniques of costing, (k) cost accounting with use of information technology|
|Elements of cost and preparation of cost sheets: (a) Functional classification and ascertainment of cost, (b) preparation of cost sheets for manufacturing sector and for service sector|
Ascertainment of cost and cost accounting system
|Material cost: (a) Procurement procedures-store procedures and documentation in respect of receipts and issue of stock, stock verification, (b) valuation of material receipts, (c) inventory control-techniques of fixing level of stocks-minimum, maximum|
|Material cost: (c) Inventory control-techniques of fixing level of stocks-reorder point, safety stock, determination of optimum stock level, determination of optimum order quantity-economic order quantity (EOQ)|
|Material cost: (c) Inventory control-techniques of inventory control-ABC analysis, fast, slow moving and non moving (FSN), high, medium, low (HML), vital, essential, desirable (VED)|
|Material cost: (c) Inventory control-techniques of inventory control-just-in-time (JIT)-stock taking and perpetual inventory system, use of control ratios, (d) inventory accounting|
|Employee cost: (a) Attendance and payroll procedures-elements of wages-basic pay, dearness allowance, overtime, bonus, holiday and leave wages, allowances and perquisites, (b) employee cost control|
|Employee cost: (c) Employee turnover-methods of calculating employee turnover, causes of employee turnover, effects of employee turnover, (d) utilisation of human resource, direct and indirect employee cost, charging of employee cost|
|Employee cost: (d) Identifying employee hours with work orders or batches or capital jobs, (e) Remuneration systems and incentive schemes-premium bonus method (Halsey plan and Rowan plan)|
|Overheads: (a) Functional analysis-factory, administration, selling, distribution, research, and development, (b) behavioral analysis-fixed, variable, and semi-variable, (c) allocation and apportionment of overheads using absorption costing method|
|Overheads: (d) Factory overheads-primary and secondary distribution, (e) administration overheads- method of allocation to cost centres or products, (f) selling and distribution overheads-analysis and absorption of the expenses in products/ customers|
|Overheads: (f) Selling and distribution overheads-impact of marketing strategies, cost effectiveness of various methods of sales promotion, (g) Treatment of research and development cost in cost accounting|
|Concepts of activity based costing (ABC)|
|Recording and accounting of costs: (a) Non-integrated cost accounting system-ledger under non-integral system, (b) integrated (cost and financial) accounting system-ledgers under integral system|
|Recording and accounting of costs: (c) Difference between the non-integrated and integrated accounting system, (d) reconciliation of profit as per cost and financial accounts (under non-integrated accounting system)|
Methods of costing
|Single output/ unit costing|
|Job costing: Job cost cards and databases, collecting direct costs of each job, attributing overheads to jobs, application of job costing|
|Batch costing: Determination of optimum batch quantity, ascertainment of cost for a batch, preparation of batch cost sheet, treatment of spoiled and defective work|
|Contract costing: (a) Ascertainment of cost of a contract, progress payment, retention money, escalation clause, cost plus contract, value of work certified, cost of work not certified. b) Determination value of work certified, cost of work not certified|
|Contract costing: (b) Notional or estimated profit from a contact|
|Process/ operation costing: (a) Process cost recording, process loss, abnormal gains and losses, equivalent units of production, inter-process profit, valuation of work in process, (b) joint products-apportionment of joint costs|
|Process/ operation costing: (b) Joint products-methods of apportioning joint cost over joint products, (c) by-products-methods of apportioning joint costs over by-products, treatment of by-product cost|
|Costing of service sectors: (a) Determination of costs and prices of services|
Cost control and analysis
|Standard costing: (a) Setting up of standards, types of standards, standard costing as method of performance measurement, (b) calculation and reconciliation of cost variances-material cost variance, employee cost variance|
|Standard costing: (b) Calculation and reconciliation of cost variances-variable overheads variance and fixed overhead variance|
|Marginal costing: (a) Basic concepts of marginal costing, contribution margin, break-even analysis, break-even and profit volume charts, contribution to sales ratio, margin of safety, angle of incidence, cost-volume-profit analysis (CVP)|
|Marginal costing: (a) Multi-product break-even analysis, consideration of limiting factor (key factor), (b) determination of cost of a product/ service under marginal costing method, determination of cost of finished goods, work-in-progress|
|Marginal costing: (c) Comparison of marginal costing with absorption costing method- reconciliation of profit under the both methods, (d) short term decision making using the above concepts (basic/ fundamental level)|
|Budget and budgetary control: (a) Meaning of budget, essentials of budget, budget manual, budget setting process, preparation of budget and monitoring procedures, (b) the use of budget in planning and control|
|Budget and budgetary control: (c) Flexible budget, preparation of functional budget for operating and non-operating functions, cash budget, master budget, (d) introduction to principal/ key budget factor, zero based budgeting (ZBB), performance budget|
|Budget and budgetary control: (d) Control ratios and budget variances|
Taxation (income tax law)
|Income-tax law: An introduction, important definitions in the income-tax act, 1961, concept of previous year and assessment year, basis of charge and rates of tax|
Residential status and scope of total income
|Residential status, scope of total income|
Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)
|Incomes not included in total income, tax holiday for newly established units in special economic zones|
Heads of income and the provisions governing computation of income under different heads
|Salaries, income from house property, profits and gains of business or profession, capital gains, income from other sources|
Income of other persons included in assessee's total income
|Clubbing of income: An introduction, transfer of income without transfer of assets, income arising from revocable transfer of assets, clubbing of income of income arising to spouse, minor child and son’s wife in certain cases|
|Conversion of self-acquired property into property of HUF|
Aggregation of income; set-off, or carry forward and set-off of losses
|Aggregation of income, concept of set-off and carry forward and set-off of losses, provisions governing set-off and carry forward and set-off of losses under different heads of income, order of set-off of losses|
Deductions from gross total income
|General provisions, deductions in respect of certain payments, specific deductions in respect of certain income, deductions in respect of other income, other deductions|
Computation of total income and tax liability of individuals
|Income to be considered while computing total income of individuals, procedure for computation of total income and tax liability of individuals|
Advance tax, tax deduction at source and introduction to tax collection at source
|Introduction, direct payment, provisions concerning deduction of tax at source, advance payment of tax, interest for defaults in payment of advance tax and deferment of advance tax, tax collection at source-basic concept|
|Tax deduction and collection account number|
Provisions for filing return of income and self-assessment
|Return of income, compulsory filing of return of income, fee and Interest for default in furnishing return of income, return of loss, provisions relating to belated return, revised return etc, permanent account number|
|Persons authorized to verify return of income, self-assessment|
Taxation (indirect taxes)
Concept of indirect taxes
|Concept and features of indirect taxes, principal indirect taxes|
Goods and services tax (GST) laws
|GST laws: An introduction including constitutional aspects, levy and collection of CGST and IGST: (a) Application of CGST/ IGST law, (b) concept of supply including composite and mixed supplies, (c) charge of tax including reverse charge|
|Levy and collection of CGST and IGST: (d) exemption from tax, (e) composition levy, basic concepts of time and value of supply, input tax credit, computation of GST liability, registration, tax invoice; credit and debit notes; electronic way bill, returns|
|Payment of tax|
Application of accounting standards
|AS 7: Construction contracts, AS 9: Revenue recognition, AS 14: Accounting for amalgamations, AS 18: Related party disclosures, AS 19: Leases, AS 20: Earnings per share, AS 24: Discontinuing operations, AS 26: Intangible assets, AS 29: Provisions|
|AS 29: Contingent liabilities, and contingent assets|
Application of guidance notes issued by the ICAI on specified accounting aspects
Special aspects of company accounts
|Accounting for employee stock option plan; buy back of securities; equity shares with differential rights; underwriting of shares and debentures|
Reorganization of companies
|Accounting for amalgamation (excluding intercompany holding) and reconstruction; accounting involved in liquidation of companies|
Financial reporting of banking, financial services, and insurance (BFSI)
|Insurance companies; banking companies; non-banking financial companies; mutual funds and regulatory requirements thereof|
Valuation of goodwill
Consolidated financial statements
|Concept of consolidation and simple problems on consolidated financial statements with single subsidiary|
|Financial statements with single subsidiary (excluding problems involving acquisition off interest in subsidiary at different dates; different reporting dates; disposal of a subsidiary and foreign subsidiaries)|
Auditing and assurance
Nature, objective, and scope of audit
|Auditing concepts: Nature, objective, and scope of audit; relationship of auditing with other disciplines; standard setting process: Overview, standard-setting process|
|Standard setting process: Role of International Auditing and Assurance Standards Board (IAASB) and Auditing and Assurance Standards Board (AASB); standards on auditing, guidance note(s) issued by the ICAI; engagement standards: Qualities of auditor|
|Engagement standards: Elements of system of quality control (SQC 1 quality control for firms that perform audits and reviews of historical financial information, and other assurance and related services engagements)|
|Engagement standards: Ethical requirements relating to an audit of financial statements; inherent limitations of an audit (SA 200 overall objectives of the independent auditor and the conduct of an audit in accordance with standards on auditing)|
|Engagement standards: Preconditions for an audit; audit engagement; agreement on audit engagement terms; terms of engagement in recurring audits (SA 210 agreeing the terms of audit engagements); leadership responsibilities for quality on audits|
|Engagement standards: Concept of auditor’s independence; threats to independence; acceptance and continuance of client relationships and audit engagements (SA 220 quality control for an audit of financial statements)|
Audit strategy, audit planning and audit programme
|Audit strategy; audit planning (SA 300); audit programme; development of audit plan and programme, control of quality of audit work-delegation and supervision of audit work; materiality and audit plan; revision of materiality; documenting the materiality|
|Performance materiality (SA 320 materiality in planning and performing an audit)|
Audit documentation and audit evidence
|Concept of audit documentation; nature and purpose of audit documentation; form, content and extent of audit documentation; completion memorandum; ownership and custody of audit documentation (SA 230 audit documentation)|
|Audit procedures for obtaining audit evidence; sources of evidence; relevance and reliability of audit evidence; sufficient appropriate audit evidence, evaluation of audit evidence (SA 500 audit evidence); written representations as audit evidence|
|Objective of auditor regarding written representation; management from whom written representations may be requested; written representations about management’s responsibilities (SA 580 written representations)|
|Obtaining evidence of existence of inventory; audit procedure to identify litigation and claims (SA 501 audit evidence-specific considerations for selected items); external confirmation procedures|
|Management's refusal to allow the auditor to send a confirmation request; negative confirmations (SA 505 external confirmations); audit evidence about opening balances; accounting policies relating to opening balances|
|Reporting with regard to opening balances (SA 510 initial audit engagements-opening balances); meaning of related party; nature of related party relationships and transactions|
|Understanding the entity's related party relationships and transactions (SA 550 related parties); meaning of subsequent events; auditor's obligations in different situations of subsequent events (SA 560 subsequent events)|
|Responsibilities of the auditor with regard to going concern assumption; objectives of the auditor regarding going concern; events or conditions that may cast doubt about going concern assumption|
|Audit procedures when events or conditions are identified (SA 570 going concern)|
Risk assessment and internal control
|Audit risk, identifying and assessing the risk of material misstatement, risk assessment procedures; understanding the entity and its environment; internal control, documenting the risks; evaluation of internal control system; testing of internal control|
|Internal control and IT environment (SA 315 identifying and assessing the risks of material misstatement through understanding the entity and its environment); materiality and audit risk (SA 320 materiality in planning and performing an audit)|
|Internal audit, basics of standards on internal audit (SIAs) issued by the ICAI; basics of internal financial control and reporting requirements; distinction between internal financial control and internal control over financial reporting|
Fraud and responsibilities of the auditor in this regard
|Responsibility for the prevention and detection of fraud; fraud risk factors; risks of material misstatement due to fraud; communication of fraud (SA 240 the auditor’s responsibilities relating to fraud in an audit of financial statements)|
|Provisions of the companies act 2013 relating to fraud and rules there under including reporting requirements under CARO|
Audit in an automated environment
|Key features, impact of IT related risks, impact on controls, internal financial controls as per regulatory requirements, types of controls, audit approach, understanding and documenting automated environment, testing methods, data analytics for audit|
|Assessing and reporting audit findings|
|Meaning of audit sampling; designing an audit sample; types of sampling; sample size and selection of items for testing; sample selection method (SA 530 audit sampling)|
|Meaning, nature, purpose, and timing of analytical procedures; substantive analytical procedures, designing and performing analytical procedures prior to audit; investigating the results of analytical procedures (SA 520 analytical procedures)|
Audit of items of financial statements
|Audit of sale of products and services; audit of interest income, rental income, dividend income, net gain/ loss on sale of investments ,etc|
|Audit of purchases, employee benefits expenses, depreciation, interest expense, expenditure on power and fuel, rent, repair to building, repair to machinery, insurance, taxes, travelling expenses, miscellaneous expenses, etc|
|Audit of share capital, reserve and surplus, long term borrowings, trade payables, provisions, short term borrowings and other current liabilities|
|Audit of land, buildings, plant and equipment, furniture and fixtures, vehicles, office equipments, goodwill, brand/ trademarks, computer software, etc|
|Audit of loan and advances, trade receivable, inventories, cash and cash equivalent, other current assets|
|Audit of contingent liabilities|
The company audit
|Eligibility, qualifications, and disqualifications of auditors; appointment of auditors; removal of auditors; remuneration of auditors; powers and duties of auditors; branch audit; joint audit|
|Reporting requirements under the companies act, 2013 including CARO; other important provisions under the companies act, 2013 relating to audit and auditors and rules made there under|
|Forming an opinion on the financial statements; auditor's report-basic elements (SA 700 forming an opinion and reporting on financial statements); types of modified opinion|
|Circumstances when a modification to the auditor’s opinion is required (SA 705 modification to the opinion in the independent auditor’s report)|
|Qualification, disclaimer, adverse opinion (SA 706 emphasis of matter paragraphs and other matter paragraphs in the independent, auditor’s report); nature of comparative information; corresponding figure|
|Comparative financial statements (SA 710 comparative information-corresponding figures and comparative financial statements)|
Audit of banks
|Understanding of accounting system in banks, audit approach, audit of revenue items, special consideration in bank audit with emphasis on advances and NPAS|
Audit of different types of entities
|Appointment of auditor, audit procedure|
|Audit report in respect of different category of entities mentioned below: Government; local bodies and not-for-profit organizations; partnership firms, audit of different type of undertakings, that is, educational institutions, hotels, clubs|
|Audit report in respect of different category of entities mentioned below: Hospitals basics of limited liability partnerships (LLPs) audit and co-operative societies audit|
Enterprise information systems and strategic management (enterprise information systems)
Automated business processes
|Introduction to enterprise business processes, benefits, risks and controls; diagrammatic representation of business processes using flowcharts; risks and controls for specific business processes: Procure to pay (P2P), order to cash, inventory cycle|
|Risks and controls for specific business processes: Hire to retire, supply chain management, fixed assets etc|
|Applicable regulatory and compliance requirements including computer related offences, privacy, cyber-crime, sensitive personal data information of information technology act, 2000|
Financial and accounting systems
|Integrated (ERP) and non-integrated systems with related risks and controls; business process modules and their integration with financial and accounting systems|
|Reporting systems and MIS, data analytics and business intelligence, business reporting and fundamentals of XBRL (extensible business reporting language)|
|Applicable regulatory and compliance requirements|
Information systems and its components
|Components of automated information systems: Application systems, database, network and operating system with related risks and controls|
|Mapping of organization structure with segregation of duties in information systems|
E-commerce, M-commerce, and emerging technologies
|Components and architecture of E-commerce and M-commerce with related risks and controls, business process flow with its related risks and controls, applicable regulatory and compliance requirements|
|Emerging technologies with its related risks and controls|
Core banking systems
|Components and architecture of CBS and related risks and controls, core modules of banking and business process flow and its related risks and controls, reporting systems and MIS, data analytics and business intelligence|
|Applicable regulatory and compliance requirements|
Enterprise information systems and strategic management (strategic management)
Introduction to strategic management
|Business policy, meaning and nature of strategic management, business strategy, strategic levels in organizations, strategic management in government and not-for-profit organization|
Dynamics of competitive strategy
|Competitive landscape, strategic analysis, industry and competitive analysis, core competence, competitive advantage, internal and external analysis, SWOT analysis, globalization|
Strategic management process
|Strategic planning, strategic intent-vision, mission, and objectives, strategy formulation|
Corporate level strategies
|Concepts and nature of corporate strategy, strategic alternatives at corporate level: Stability, growth/ expansion, business combinations-merger and acquisition, strategic alliances, retrenchment/ turnaround, combination|
Business level strategies
|Competitive strategies at business level, Michael porter’s generic strategies, best-cost provider strategy|
Functional level strategies
|Marketing strategy, financial strategy, operations strategy, human resource strategy, research and development|
Organisation and strategic leadership
|Organisation structure, strategic business unit, strategic leadership, strategy supportive culture, entrepreneurship and intrapreneurship|
Strategy implementation and control
|Strategy implementation, strategic change, strategic control, strategy audit, business process reengineering, benchmarking|
Financial management and economics for finance (financial management)
Financial management and financial analysis
|Introduction to financial management function: (a) Objective and scope of financial management, (b) role and purpose, (c) financial management environment, (d) functions of finance executives in an organization, (e) financial distress and insolvency|
|Financial analysis through ratios: (a) Users of the financial analysis, (b) sources of financial data for analysis, (c) calculation and interpretation of ratios: Analysing liquidity, analysing leverage, analysing solvency, analysing efficiency/ activity|
|Financial analysis through ratios: (c) Calculation and interpretation of ratios-analysing profitability, (d) limitations of ratio analysis|
|Sources of finance: (a) Different sources of finance, characteristics of different types of long term debt and equity finance, method of raising long term finance, (b) different sources of short term finance, (c) internal fund as a source of finance|
|Sources of finance: (d) International sources of finance, (e) other sources of finance-sale and lease back, convertible debt, venture capital, grants, etc|
|Lease financing: (a) Concept and classification, (b) significance and limitations of lease financing, (c) financial evaluation of leasing decision|
|Cost of capital: (a) Significance of cost of capital, (b) factors of cost of capital, (c) measurement of costs of individual components of capital, (d) weighted average cost of capital, (WACC), (e) marginal cost of capital, (f) effective interest rate|
|Capital structure decisions: (a) Significance of capital structure, (b) determinants of capital structure, (c) capital structure planning and designing, (d) designing of optimum capital structure|
|Capital structure decisions: (e) Theories of capital structure and value of the firm-relevancy and irrelevancy of capital structure, (f) EBIT-EPS analysis, breakeven-EBIT analysis. g) Under/ over capitalisation|
|Leverages: (a) Types of leverages-operating, financial, and combined, (b) analysis of leverages|
Capital investment and dividend decisions
|Capital investment decisions: (a) Objective of capital investment decisions, (b) methods of investment appraisal: Payback period, discounted payback period, accounting rate of return (ARR), net present value (NPV)-the meaning of NPV|
|Capital investment decisions: (b) Methods of investment appraisal-net present value (NPV)-strengths and limitations of NPV method, the working capital adjustment in an NPV analysis, capital rationing, equivalent annual costs|
|Capital investment decisions: (b) Methods of investment appraisal-internal rate of return (IRR)-limitations of the IRR method, multiple IRRs, modified internal rate of return (MIRR)-definition and explanation of MIRR, the process for calculating MIRR|
|Capital investment decisions: (b) Methods of investment appraisal-modified internal rate of return (MIRR)-strengths of the MIRR approach. Profitability index|
|Adjustment of risk and uncertainty in capital budgeting decision: (a) Probability analysis, (b) certainty equivalent method, (c) risk adjusted discount rate, (d) scenario analysis, (e) sensitivity analysis|
|Dividend decisions: (a) Basics of dividends, (b) forms of dividend, (c) determinants of dividend, (d) relevancy and irrelevancy of dividend policies-traditional approach, Walter’s model, Gordon’s model, Modigliani, and Miller (MM) hypothesis|
Management of working capital
|Management of working capital: (a) The management of working capital-liquidity and profitability, (b) the working capital financing decisions-primary and secondary sources of liquidity, (c) the working capital cycle (operating cycle)|
|Management of working capital: (c) Effectiveness of working capital based on its operating and cash conversion cycles, (d) assessment of working capital requirement, (e) management of accounts receivables (debtors)|
|Management of working capital: (f) Factoring and forfaiting, (g) management of accounts payables (creditors), (h) management of inventory, (i) management of cash, treasury management, (j) banking norms of working capital finance|
Financial management and economics for finance (economics for finance)
Determination of national income
|Macro economic aggregates and measurement of national income, the Keynesian theory of determination of national income|
The money market
|The concept of money demand: Important theories of demand for money, the concept of money supply, monetary policy|
|Fiscal functions: An overview|
|Market failure, government interventions to correct market failure, fiscal policy|
|Theories of international trade, trade policy-the instruments of trade policy, trade negotiations, exchange rates and its economic effects, international capital movements: Foreign direct investment|
To crack CA Intermediate exam candidates can refer to the official study material provided by ICAI. If you still look for some additional preparation material, then along with it, go to the market. It is filled with a number of books for CA Intermediate preparation. But first, figure out what you cannot find in the official study material and look for those books that can help you understand the basics related to those topics.
Best books for CA Intermediate preparation will help you get hold of the topics which otherwise you would not have understood. Along with it, you can also solve sample papers/ previous year question papers to do indepth analysis of the types of questions asked.
The Institute of Chartered Accountants of India (ICAI) prescribes the official exam pattern for the CA Intermediate exams 2023. Complete information related to the time duration, number of questions asked, difficulty level, modules, number of papers, mode of the exam can be found in the exam pattern.
CA Intermediate Exam Pattern 2023
Mode of exam
Frequency (twice a year)
Level of CA Intermediate exam
Intermediate - 6 papers (ICAI New Scheme)
Intermediate - 8 papers (New syllabus)
Intermediate (IPC) - 7 papers (Old syllabus)
Duration of the question papers
Type of questions asked
Subjective and Objective type
For the CA Intermediate exams, the Institute of Chartered Accountants of India (ICAI) had released the admit card for November 2023 session on its official website on October 16, 2023. Admit card of CA Intermediate is an important document. All candidates must download a copy of the admit card before appearing in the exam. Going to the exam centre without admit card may lead to disqualification. Complete exam related instructions are mentioned in the CA Intermediate admit card. Candidates must read them before heading for the exam.
How to Download the CA Intermediate Admit Card?
- Visit the ICAI official website - icaiexam.icai.org
- Go to “Login/Registration” tab
- Enter with your CA Intermediate login credentials
- Click on the option view admit card
- Verify your details mentioned on CA Intermediate admit card
- Download the admit card
Details Mentioned on the CA Intermediate Admit card
- Candidate’s name and address
- Photograph and signature of the candidate
- Candidate’s registration number
- Exam centre details
- Reporting time
- Module/ Papers
- Exam day instructions
Documents Required at Exam
- Hard copy of CA Intermediate admit card, Government ID Proof such as Aadhaar card/ pan card/ voter ID card.
The CA Intermediate November 2023 result will be available on the official website of ICAI - icai.org. Candidates can check their CA Intermediate result 2023 by logging into the examination portal, using the CA registration number or PIN number. Along with the result, ICAI will also release the toppers list and pass percentage.
Steps to check CA Intermediate 2023 result
Step 1- Go to ICAI's official website
Step 2- Click on the option result
Step 3- Select "Intermediate 2023" from the available options
Step 4- Enter your roll number and pin/ registration no. and captcha code
Step 5- The result will appear on the screen
Step 6- Download and take a printout for future reference
Candidates who wish to receive their CA Intermediate result through SMS facility or email can check details here.
Details mentioned in CA Intermediate Result 2023
- Name and roll number of the candidate
- Marks obtained in Group I/ II/ both
- Qualifying status of the candidate
- A combined score of Group I/ II/ both
Note - As per ICAI, candidates need to secure minimum 40% marks in each paper and an aggregate of 50% marks in all subjects to qualify for the next stage - CA final exam.
CA Intermediate pass percentage November 2022
No. of candidates appeared
No. of candidates passed
CA Intermediate pass percentage 2021 (July) statistics
|Exam||Group I||Group II||Both Groups|
|July 2021 Intermediate||60335||17563||29.11||45423||10082||22.2||20668||2169||10.49|
|July 2021 INT. (IPC)||8873||385||4.34||26413||7957||30.13||3798||25||0.66|
CA Intermediate pass percentage 2021 (Jan) statistics
|Exam||Group I||Group II||Both Groups|
CA Intermediate toppers Novemeber 2022
The list of toppers of CA Intermediate is also declared along with the result. Diksha Goyal had secured AIR 1 in CA Inter Nov 2022 session with 86.63%, Tulika Shrawan Jalan had got second rank with 84.63%, and Saksham Jain had secured third rank with 84%.
CA Intermediate toppers 2022 - Nov session
|Tulika Shrawan Jalan||677||2||Mumbai|
Frequently Asked Questions (FAQs)
Question:When will ICAI release the CA Inter 2023 result for November session?
ICAI will release the CA Inter November 2023 result between January 5 to 10, 2023.
Question:When will CA Intermediate Nomveber 2023 exams be conducted?
ICAI will conduct the CA Intermediate November 2023 exams from November 2 to May 17, 2023, in offline mode.
Question:I am in final year of graduation, but I want to register for CA Intermediate exam. Can I register?
Yes, through the direct entry route, you can register yourself. Keep in mind the cutoff dates of registration. Also, through "Direct Entry Route", a student can appear in CA Intermediate only after the completion of 9 months of practical training. A student has to commence the practical training latest by August 1/ February 1 for being eligible to appear in May/ November examinations respectively.
Question:What is the cutoff date to register for CA Intermediate exam?
CA Intermediate exam registration deadlines for May/ July and November/ December are September 1 and March 1 respectively.
Question:Do I need to qualify both groups of CA Intermediate exam to register for CA Final?
Yes, in order to register for the next stage (CA Final) candidates have to qualify both the groups of CA Intermediate exam.
Question:Is it difficult to pass CA Intermediate exam?
Candidates can pass the CA Intermediate exam with right set of preparation strategy.
Question:What is the validity of CA Intermediate exam registration?
CA Intermediate registration is valid for 4 years and can be revalidated further by paying additional amount.
Question:Are there any restrictions on number of attempts in CA Intermediate exams?
No, ICAI has not fixed any restrictions on the number of attempts one can give. However, candidates must note that they can give the exams only till their registration period is valid.
Question:Where can I register for CA Intermediate exam?
You can register on the official website of ICAI under the e-services dashboard. Registration can be done post-qualifying CA Foundation exams or through the direct entry route.
Questions related to CA Intermediate Exam
what is the exam pattern of of the CMA exam ? Is it discriptive or objective?
CMA or Cost and Management Accounting is a certificate course providing CMA designation to the qualifiers. CMA has both descriptive and objective questions. CMA foundation is a mixture of questions. It is a three hour long exam conducted by ICMAI and it is a paper based on mainly class 12th concepts.
CMA examination has a mixture of objective and descriptive questions.
I hope this helps,
All the best
who is the best univercity from CA
Hope you are doing great. A common course that covers accounting, taxation, financial analysis, and financial economics is called chartered accountancy, or CA. The three-level CA course offered in India is in high demand both domestically and internationally. Delhi, Bangalore, Mumbai, and Ahmedabad are a few of the most well-known Indian cities for studying accounting. Students frequently see each other studying B.Com and CA at the same time. Students from Nepal are also seen travelling to India to enroll in a CA programme in addition to students from India.
In India, CA programmes are typically offered by private and semi-government institutions. The Institute of Chartered Accountants of India (ICAI) considers the students certified and qualified Chartered Accountants after they complete this course (CAs).
Top CA Colleges in India:
- Vista Academy, Dehradun
- ETEN CA, Guwahati
- PIRON Scholl of Business and Finance, Mumbai
- Siddhartha Academy, Thane
- Navkar Institute, Ahmedabad
- The Institute of Chartered Accountants of India (ICAI), Noida
- Indian Institute of Finance and Accounts, Pune
- Pearn Accountants, International Accountants and Business Consultants, Kochi
- Zell Education Mumbai
- CMS For CA, Hyderabad
- PIRON School of Business and Finance, Bangalore
- International School of Financial Studies, Secunderabad
ALL THE BEST
Currently, Im doing my bba and my 2nd semester has just ended. As i want to start my ca preparation, my question is should i prepare for ca foundation exam or directly for ca intermediate exam?
For being eligible for the direct entry route in CA i.e for giving CA Intermediate exam directly without apppearing for the CA foundation exam you need to atleast complete your graduation. Since you have just completed your second semester exam you are not eligible for the direct entry route as you have not completed your graduation. Hence, you must prepare for your CA foundation exam first . Only when you clear CA foundation you will be eligibe for appearing for your CA intermediate exam.
Hope this helps
I have passed Graduation with B.A Streem with 71% , Can I apply for CA Intermediate ?
To become a CA one needs to go through given 4 levels, listed below :-
1) ca foundation
2 ) ca intermediate
3) articleship Training
4 )ca final
>>>>>>>>> Class 12th pass students need to start with foundation
>>>>>>>>>>> while graduates
commerce graduates with at least 55%
and non commerce graduate with at least 60% in their graduation
don't have to go through CA Foundation, they can start directly start from level 2 i. e CA Intermediate through direct scheme.
As you are a BA i. e non- commerce graduate with 71 % i. e more than 60 % , so yes, you can definitely directly start with CA Intermediate through direct entry scheme .
To register you need to visit the official website i. e icai.org (http://icai.org/) . And after registration you need at least 8 months of study to appear for CA intermediate examination.
Each level you need to go through is described below briefly :-
----------------) 2. CA Intermediate
In your CA Intermediate, you have 2 groups with 4 papers or subjects in each group
>>>>>CA Intermediate Group 1:- You have following subjects :-
* cost and management accounting
*corporate and Other laws
>>>>>CA Intermediate Group 2:- You have following subjects :-
*enterprise information systems & strategic management
*auditing and assurance
*financial management & economics for finance
In oder to clear CA intermediate , you need at least 40% marks individually in each subjects and at least 50% in overall aggregate .
----------------) 3. Articleship Training
You can register for articleship after 1 or both groups of CA Intermediate. Articleship Training is of 3 years. During the last 2 years of your Articleship Training you have to complete your AICITSS i. e Advanced Integrated Course on Information Technology and Soft Skills
----------------) 4. CA Final Group
After qualifying both groups of CA Intermediate, you become eligible for CA Final registration. And can appear in CA final examinations either after completion of your Articleship Training or when you are in the last 6 months of your articleship training.
There are 2 groups with 4 subjects in each which are given below:-
>>>>>CA Final Group 1:
*advanced auditing and professional ethics
*strategic financial management
*corporate and allied Laws
>>>>>CA Final Group 2:
*advanced Management Accounting
*direct Tax Laws
*indirect Tax Laws
*information Systems Control and Audit
After the completion of articleship training and clearing CA Final , you become eligible for applying for the membership of the Institute of Chartered Accountants of India after which become a CA.
For detailed information visit
what is last date for Nov 2022 admission For CA Intermediate
The last date to register for CA Intermediate 2022 November is March 1, 2022. The Institute of Chartered Accountants of India (ICAI) keeps the registration for CA Intermediate open throughout the year. To register for CA Intermediate course, candidates have two options - admission through direct entry route or after clearing CA Foundation exam. There is no upper age limit for CA Intermediate registration. Candidates who are in their final year of graduation can also register for the CA Intermediate course on a provisional basis.