'New CA syllabus': AI, data analytics to enter ICAI’s curriculum— what it means for students

Students preparing for chartered accountancy in India may soon need to study subjects linked to artificial intelligence, data analytics, ESG and sustainability as the Institute of Chartered Accountants of India (ICAI) plans major changes in its curriculum.

The ICAI has formed a new Committee for Review of Education and Training (CRET) to examine the existing CA syllabus, training structure, soft skills and examination system. The committee is expected to complete its recommendations by December, after which the proposals will be opened for public feedback.

ICAI president Prasanna Kumar D said the changes are being planned because the accounting profession is rapidly changing with technology becoming central to both jobs and practice.

“We have formed the CRET. It is working to review the entire curriculum like what syllabus and subject need to be changed and training (articleship),” Kumar said in an interview with PTI.

At present, subjects such as AI, data analytics, ESG and sustainability are not formally part of the CA curriculum. However, ICAI now believes future chartered accountants will need these skills to remain relevant in the profession.

“For an engineer, AI is a separate subject but for us, AI is not a subject but without AI, no chartered accountant can survive. Be it in employment or in practice, AI is a must,” Kumar said.

For students, the proposed changes could mean a shift away from a curriculum focused mainly on traditional accounting and auditing. The revised syllabus is expected to include more technology-driven learning and practical industry requirements as companies increasingly rely on automation, digital systems and non-financial reporting.

The review committee will also examine articleship training, communication skills and the assessment system. This means future CA students may see changes not only in subjects but also in the way training and examinations are conducted.

In recent years, the accountancy sector has seen growing demand for professionals with knowledge of forensic auditing, ESG disclosures and digital financial systems. ICAI said the curriculum review is aimed at preparing students for these evolving requirements.

The institute had earlier introduced the New Scheme of Education and Training in 2023. The latest review is expected to build further on those reforms.

According to Kumar, the updated curriculum is likely to be implemented from 2028.

Ready to navigate global policies? Secure your overseas future. Get expert guidance now!