ICSI, ICMAI approve qualification-based subject exemption under syllabus 2022
Anu Parthiban | April 25, 2023 | 12:06 PM IST | 1 min read
Students applying for the subject exemption will have to pay Rs 1,000 for each subject. The exam based on the ICSI new syllabus will be held in December.
NEW DELHI: The Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India (ICAI) have approved Reciprocal Exemption Scheme to grant qualification based subject exemption under syllabus 2022.
The institutes signed an agreement on April 24. Earlier this year, the ICSI announced that the students enrolled under the old syllabus in 2017 can switch over to CS Executive new syllabus 2022 comprising seven papers. The examination based on the new syllabus will be held in December, it said. The students applying for the subject exemption will have to pay Rs 1,000 for each subject.
Exemption to ICSI passed students
ICSI candidates will get complete exemption from foundation course papers of Institute of Cost Accountants of India under syllabus 2022.
|
Exemption to ICSI passed candidates from papers of Institute of Cost Accountants of India under syllabus 2022 |
Papers |
|
Foundation course |
Full and complete exemption |
|
Intermediate course |
Group 1 - P7 - Direct and Indirect Taxation (DITX) Group 2 - P10 - Corporate Accounting and Auditing (CAA) |
|
Final course |
Group 3 - P13 - Corporate and Economic Law (CEL) Group 4 - P19 - Indirect Tax Laws and Practice (ITLP) Group 5 - Elective paper - P20B- Risk Management in Banking and Insurance |
Also read | New CA curriculum rollout likely in July; AI, Blockchain in new syllabus: ICAI president
Exemption to Institute of Cost Accountants of India passed students
|
Exemption to Institute of Cost Accountants of India passed candidates from papers of ICSI under syllabus 2022 |
Papers |
|
Foundation course |
Full and complete exemption |
|
Executive programme |
Group 1 - P4 - Corporate Accounting and Financial Management Group 2 - P7 Tax Laws and Practice |
|
Professional programme |
Group 2 - P5 - Strategic Management and Corporate Finance Group 1 elective paper P4.2 - Internal and Forensic Audit Group 2 elective paper P7.2 - Goods and Services Tax and Corporate Tax Planning Elective paper P7.4 - Banking and Insurance - Law and Practice (eligible for one exemption out of Paper 7.2 and 7.4) |
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