ICAI CA Final Examination Syllabus & Exam Pattern 2026 (New Scheme)

Introduction to Indian Accounting Standards (Ind AS), Framework for Preparation and Presentation of Financial Statements.

Application of Ind AS (Ind AS 1, 2, 7, 8, 10, 12, 16, 19, 20, 21, 23, 24, 33, 34, 36, 37, 38, 40, 41, 101, 102, 103, 105, 108, 109, 110, 111, 112, 113, 115, 116).

Consolidated Financial Statements (Business Combinations, Subsidiaries, Associates, Joint Ventures).

Accounting and Reporting of Financial Instruments.

Analysis of Financial Statements and Integrated Reporting.

Corporate Social Responsibility Reporting & Business Responsibility and Sustainability Reporting (BRSR).

Financial Policy and Corporate Strategy.

Risk Management: Identification, measurement and management of financial risks.

Advanced Capital Budgeting Decisions and Project Planning under uncertainty.

Security Analysis and Valuation (Equity, Debt, Hybrid Securities).

Security Valuation and Portfolio Management (Modern Portfolio Theory, CAPM, APT, Portfolio Performance Evaluation).

Securitization.

Mutual Funds.

Derivatives Analysis and Valuation (Futures, Options, Swaps, Greeks, Hedging Strategies).

Foreign Exchange Exposure and Risk Management (Currency Futures, Options, Swaps, Interest Rate Risk).

International Financial Management.

Interest Rate Risk Management.

Business Valuation and Mergers, Acquisitions & Corporate Restructuring.

Startup Finance.

Quality Management (SQC 1, SA 220).

General Auditing Principles and Auditor Responsibilities (All Standards on Auditing SAs 200 to 720).

Audit Planning, Strategy and Execution (Materiality, Risk Assessment, Internal Financial Controls).

Specialized Areas of Audit: Group Audits (SA 600), Digital Auditing and Data Analytics, Forensic Accounting and Fraud Investigation.

Audit of Banks, NBFCs, Insurance Companies, Public Sector Undertakings (PSUs).

Internal Audit, Due Diligence, Investigation and Peer Review.

Sustainable Development Goals (SDG) & ESG Assurance.

Professional Ethics and Code of Conduct under the Chartered Accountants Act, 1949.

Part I: Direct Tax Laws (70 Marks): Comprehensive computation of Total Income and Tax Liability of Companies, LLPs, Trusts, Securitization Trusts, Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs); Assessment Procedures, Search, Seizure and Reassessment; Appeals and Revision; Settlement of Cases; Penalties and Offences; Dispute Resolution Scheme; General Anti-Avoidance Rules (GAAR); Tax Deducted at Source (TDS), TCS, Advance Tax.

Part II: International Taxation (30 Marks): Transfer Pricing and other anti-avoidance measures (Sections 92 to 92F); Non-resident Taxation; Double Taxation Relief (DTAA under Section 90, 90A, 91); Advance Rulings (BAR); Equalisation Levy; Base Erosion and Profit Shifting (BEPS) Action Plans; Model Tax Conventions (OECD & UN Models); Application and Interpretation of Tax Treaties.

Part I: Goods and Services Tax (GST - 80 Marks): Supply, Charge, Exemption, Place of Supply, Time and Value of Supply, Input Tax Credit (ITC) utilization and distribution; Registration, Tax Invoice, Accounts and Records, Returns, Payment of Tax; Refund procedures; Job Work, E-Way Bill; Assessment and Audit; Inspection, Search, Seizure and Arrest; Demand and Recovery; Liability to Pay in Certain Cases; Advance Ruling; Appeals and Revisions; Offences and Penalties; Transitional Provisions.

Part II: Customs & Foreign Trade Policy (20 Marks): Levy of and Exemptions from Customs Duty; Types of Duties; Classification and Valuation of Imported and Exported Goods; Importation, Exportation and Transportation of Goods; Duty Drawback; Refund; Foreign Trade Policy (FTP 2023) - Advance Authorisation, EPCG, RoDTEP schemes, EOU/SEZ units.

Multi-disciplinary Case Studies integrating concepts of Financial Reporting, Advanced Financial Management, Advanced Auditing & Ethics, Direct Tax Laws & International Taxation, Indirect Tax Laws, Corporate Laws, Strategic Management, and Risk Management.

Testing candidate's capacity to synthesize cross-functional knowledge, evaluate complex real-world business scenarios, analyze legal & tax implications, and deliver comprehensive strategic advisory solutions.