ICAI 2023: Application Form, Exam Date, Eligibility Criteria

The Institute of Chartered Accountants of India conducts entrance exams at different levels of the Chartered Accountancy course. These are: Foundation Examinations (earlier known as Common Proficiency Test (CPT)) that has been changed according to ICAI revised scheme), Intermediate (Integrated Professional Competence (IPC)) Examination and Final Examination. The exams are held twice a year in the month of May and November and the candidates who fulfill the eligibility criteria can apply for the exams. This article provides the important details related to ICAI 2023 such as application process, eligibility requirements, important dates, etc to the candidates.

ICAI 2023 Important Dates

For May exam dates:

For foundation course:
Availability of application form	Feb 2023
Last date for application form submission without late fee	March 2023
Last date to submit the application form with late fee	Mar 2023
Release of admit card	2nd week of Apr 2023
Exam date	May 2023
Result declaration	3rd week of Jul 2023
For intermediate course:
Date to register with Board of Studies	1st week of July to last week of December 2022
Availability of application form	Feb 2023
Last date to submit the application form	March 2023
Last date to submit the application form with late fee	1st week of Mar 2023
Correction Window	2nd week of March 2023
Exam date	Old Scheme Group I: May 2023 Group II: May 2023 New scheme Group I: May 2023 Group II: May 2023
Result declaration	May 2023
For final course:
Date to register with Board of Studies	1st week of July to last week of December 2022
Availability of application form	Feb 2023
Last date to submit the application form	March 2023
Last date to submit the application form with late fee	1st week of Mar 2023
Correction Window	2nd week of March 2023
Exam date	For both old & new scheme Group I: May 2023 Group II: May 2023
Result declaration	May 2023

ICAI 2023 Application Form

The application form for the ICAI exam 2023 will be released on the official website in online mode. The candidates who wish to appear for the different levels of ICAI exam will have to submit their applications first. In the application form, the candidates will have to provide the basic details such as name, mobile number, phone number, date of birth, etc. After providing all the information asked in the application form, the candidates can make final form submission. The applicants will also have to make payment of the required application fee.

For foundation course:

• For Indian Centres: Rs 1000/-
• For Kathmandu Centres: Rs 1700/-
• For centers in Abu Dhabi, Doha, Dubai & Muscat: US$ 300

For intermediate course:

For Indian Centre(s)

• Single Group: Rs 1500/-
• Both groups: Rs 2700/-

For Overseas

• Single Group: US$ 325
• Both groups: US$ 500

For Kathmandu Centres

• Single Group: Rs 2200/-
• Both groups: Rs 3400/-

For final course:

For Indian Centre(s)

• Single Group: Rs 1800/-
• Both groups: Rs 3300/-

For Overseas

• Single Group: US$ 325
• Both groups: US$ 550

For Kathmandu Centres

• Single Group: Rs 2200/-
• Both groups: Rs 4000/-

ICAI 2023 Eligibility Criteria

The following are the eligibility criteria for different levels of ICAI 2023 exam:

For foundation course:

• The candidates should have qualified the senior secondary (10+2) examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
• A student should register themselves for the foundation course and should undergo a minimum of four months study period before appearing for the Foundation Examination. Students registered on or before 30^th June/ 31st December will be eligible to appear in November/ May examination respectively.

For intermediate course:

• Candidates, who have registered through Foundation Course route or Intermediate level examination passed students of The Institute of Cost Accountants of India or The Institute of Company Secretaries of India, are required to undergo 8 months study course before appearing for the Intermediate Examination (first time).
• Commerce Graduates/ Post Graduates having secured a minimum aggregate of 55% marks or equivalent grade (60% for other Graduates/ Post Graduates) in the examination conducted by any recognized University are exempted from Foundation course and are eligible for direct registration to Intermediate course. They are eligible to appear in the Intermediate Examination after completion of 9 months of practical training.

For final course:

• Students after qualifying both the groups of Intermediate Examination are eligible to register for Final course and would be allowed to appear in Final Examination during last six months of practical training. The candidates should also have completed 4 weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS).

ICAI 2023 Exam Pattern

For foundation course:

Paper-1: Principles and Practice of Accounting (100 Marks)

Paper-2: Business Law & Business Correspondence and Reporting (100 Marks)

• Section A: Business Law (60 Marks)
• Section B: Business Correspondence and Reporting (40 Marks)

Paper-3: Business Mathematics and Logical Reasoning & Statistics (100 Marks)

• Part I: Business Mathematics and Logical Reasoning (60 Marks)
• Part II: Statistics (40 Marks)

Paper-4: Business Economics & Business and Commercial Knowledge (100 Marks)

• Part I: Business Economics (60 Marks)
• Part II: Business and Commercial Knowledge (40 Marks)

Paper 3 and 4 are objective type papers with negative marking

For intermediate course:

Group I

Paper-1: Accounting (100 Marks)

Paper-2: Corporate Laws & Other Laws (100 Marks)

• Part I: Company Law (60 Marks)
• Part II: Other Laws (40 Marks)

Paper-3: Cost and Management Accounting (100 Marks)

Paper-4: Taxation (100 Marks)

• Section A: Income-Tax Law (60 Marks)
• Section B: Indirect Taxes (40 Marks)

Group II

Paper-5: Advanced Accounting (100 Marks)

Paper-6: Auditing and Assurance (100 Marks)

Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)

• Section A: Enterprise Information Systems (50 Marks)
• Section B: Strategic Management (50 Marks)

Paper-8: Financial Management & Economics for Finance (100 Marks)

• Section A: Financial Management (60 Marks)
• Section B: Economics for Finance (40 Marks)

The subjects of Intermediate Course are classified into two groups which a student can study and appear in the examination group-wise or both the groups together.

For final course:

Group I

Paper-1: Financial Reporting (100 Marks)

Paper-2: Strategic Financial Management (100 Marks)

Paper-3: Advanced Auditing and Professional Ethics (100 Marks)

Paper-4: Corporate and Economic Laws (100 Marks)

• Part I: Corporate Laws (70 Marks)
• Part II: Economic Laws (30 Marks)

Group II

Paper-5: Strategic Cost Management and Performance Evaluation (100 Marks)

Paper-6: Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers)

Elective Papers

• 6A Risk Management
• 6B Financial Services & Capital Markets
• 6C International Taxation
• 6D Economic Laws
• 6E Global Financial Reporting Standards
• 6F Multi-disciplinary Case Study

Paper-7: Direct Tax Laws & International Taxation (100 Marks)

• Part I: Direct Tax Laws (70 Marks)
• Part II: International Taxation (30 Marks)

Paper-8: Indirect Tax Laws (100 Marks)

• Part I: Goods and Service Tax (75 Marks)
• Part II: Customs & FTP (25 Marks)

ICAI Admit Card 2023

ICAI 2023 admit card of all the eligible candidates admitted to the Foundation, Intermediate (IPC) and Final examination will be hosted on icaiexam.icai.org. The admit card will contain the photographs and signatures of the candidates. The candidates will be able to download their admit card by using their login credentials (registration number and password). The candidate must check the details on the admit card and if any discrepancy is found, he/ she must contact the Helpline numbers immediately.

ICAI 2023 Result

The result of ICAI 2023 exam will be declared on the official website and the candidates will be able to check it using their roll number or registration number. The candidates will also be able to download their marks statement from the official website. The result for all the 3 levels of exam will be declared separately as per the specific schedule.