Vadodara: Institute of Chartered Accountants of India (ICAI) plans to bring big changes in the pattern of examination in the next few years by focusing on the concept of open book inspection.
President Icai Jambusariya, who was in the city on Thursday, said that more papers in the final CA exam will be added to the open book system.
“At present only electrified paper is included in the book system open, but our committee is reviewing to bring more papers so students can have application-based knowledge,” Jambusariya said.
He added that situational case studies can be given and students can be asked whether they can find a solution to refer to the book.
“The committee still innocent so that even if it was completed in February 2022, we will be able to apply within the next six months to one year,” Jambusariya said.
Speaking to media people, Jambusariya said that after a pandemic, the placement of CA has increased.
“Previously only 35-40% CAS used to be placed but the ratio is now increasing to 70%.
The economy struggles because of a pandemic but the need for CAS is realized at this time because cas is not only an audit but can also bring a business awakening struggling and also doing Financial restructuring, “he said.
To improve audit quality, ICAI will also provide audit tools for all companies at no cost.
“Many large companies have developed audit tools, but if all can use these tools there will be an increase in the audit so that we plan to provide this tool for two to three years and then members can buy it,” he said.