Introduction: The Institute of Cost Accountants of India (ICAI) has issued a crucial notification (Ref. No.: G/128/01/2024) dated January 30, 2024. This announcement pertains to the withdrawal of the exemption in Paper 5 – Business Laws & Ethics for CAT Qualified Students under Syllabus 2022, effective from the December 2024 term of examinations.
Detailed Analysis: The decision to withdraw the exemption was made during the 349th meeting of the Council of ICAI. The existing exemption granted to CAT Qualified Students in Paper 5 – Business Laws & Ethics, as outlined in Syllabus 2022, will no longer be applicable starting the December 2024 term of examinations.
This move carries implications for students, and it reflects a strategic reassessment by ICAI regarding the exemptions granted to CAT qualified individuals. The decision is likely rooted in the continuous evolution and refinement of the institute’s policies to align with industry standards and the changing landscape of cost accountancy.
Conclusion: In conclusion, the notification from ICAI marks a significant shift in the exemption policies for CAT Qualified Students, particularly in the domain of Paper 5 – Business Laws & Ethics. As of the December 2024 term of examinations, students falling under this category will no longer enjoy the exemption, emphasizing the institute’s commitment to maintaining the relevance and rigor of its examinations.
This decision underscores the dynamic nature of professional education and the need for candidates to stay informed about any changes in examination patterns and policies. Students affected by this withdrawal are encouraged to review the official communication thoroughly and prepare accordingly for the upcoming examinations under the revised guidelines.
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)
CMA BHAWAN
12, SUDDER STREET, KOI.KATA — 700 016.
Ref. No.: G/128/01/2024
Date:- January 30, 2024
NOTIFICATION
Sub: Withdrawal of Exemption in Paper 5- Business Lams & Ethics for CAT Qualified Students under Syllabus 2022 from December 2024 term of Examination.
The Council of the Institute of Cost Accountants of India at its 349th Meeting has decided that existing exemption for CAT Qualified Students in Paper 5- Business Laws Ethics under Syllabus 2022 shall be withdrawn from the December -2024 term of examination.
This is for information of all concerned.
CMA (Dr.) Kaushik Banerjee
Secretary
e- Distribution:
1) President’s Office
2) Secretary, T&EF
3) All HODs at Headquarters, Delhi Office and Hyderabad Centre of Excellence.
4) All Regional Councils of the Institute.
5) All Chapters of the Institute.
6) All CMA Support Centres of the
7) All Overseas Centres.
8) IT Department- for uploading on the website of the Institute.
9) Secretariat
10) Notice Board
Copy to:
1) President, The Institute of Cost Accountants of India.
2) Vice President, The Institute of Cost Accountants of India
3) All Council Members
