The Institute of Board of Studies

Chartered Accountants of India (Academic)

New Scheme of Education and

Training
Scenarios arising from ICAI
announcement dated 24th August, 2023
The Institute of
Chartered Accountants of India

Case scenarios Intermediate level

 Intermediate
Group 1: Exemption in 1 paper / Group 2: Pass
Papers under Old Scheme Status
Paper 1: Accounting Exemption Fail Fail Fail
Paper 2: Business Laws, Ethics and Communication/Corporate
Fail Exemption Fail Fail
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Fail Fail Exemption Fail
Management Accounting
Paper 4: Taxation Fail Fail Fail Exemption
Group 2 Pass Pass Pass Pass

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Pass Pass Pass Pass
40 / 150 with 40 / 150 with
Paper 2: Corporate and Other Laws* 40 / 150 Exemption#
paper 4 marks paper 3 marks
40 / 150 with 40 / 150 with
Paper 3: Taxation* 40 / 150 Exemption#
paper 2 marks paper 4 marks
40 / 150 with 40 / 150 with
Paper 4: Cost and Management Accounting* 40 / 150 Exemption#
paper 2 marks paper 3 marks
Paper 5: Auditing and Ethics Pass Pass Pass Pass
Paper 6: Financial Management and Strategic Management Pass Pass Pass Pass
* Unit 3 comprises papers 2, 3 & 4 as per ICAI announcement dated 24th August, 2023.
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that unit.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Exemption in 2 papers / Group 2: Pass
Papers under Old Scheme Status
Paper 1: Accounting Exemption Exemption Exemption Fail
Paper 2: Business Laws, Ethics and Communication/Corporate
Exemption Fail Fail Exemption
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Fail Exemption Fail Exemption
Management Accounting
Paper 4: Taxation Fail Fail Exemption Fail
Group 2 Pass Pass Pass Pass

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Pass Pass Pass Pass
40 / 150 with 40 / 150 with
Paper 2: Corporate and Other Laws* Exemption# Exemption#
paper 4 marks paper 3 marks
40 / 150 with 40 / 150 with 40 / 150@ with
Paper 3: Taxation* Exemption#
paper 2 marks paper 4 marks paper 2 & 4 marks
40 / 150 with 40 / 150 with
Paper 4: Cost and Management Accounting* Exemption# Exemption#
paper 2 marks paper 3 marks
Paper 5: Auditing and Ethics Pass Pass Pass Pass
Paper 6: Financial Management and Strategic Management Pass Pass Pass Pass
* Unit 3 comprises papers 2, 3 & 4 as per ICAI announcement dated 24th August, 2023.
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that unit.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and unit.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Exemption in 2 papers / Group 2: Pass
Papers under Old Scheme Status
Paper 1: Accounting Fail Fail
Paper 2: Business Laws, Ethics and Communication/Corporate
Exemption Fail
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Fail Exemption
Management Accounting
Paper 4: Taxation Exemption Exemption
Group 2 Pass Pass

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Pass Pass
40 / 150@ with
Paper 2: Corporate and Other Laws* Exemption#
paper 3 & 4 marks
Paper 3: Taxation* Exemption# Exemption#
40 / 150@ with
Paper 4: Cost and Management Accounting* Exemption#
paper 2 & 3 marks
Paper 5: Auditing and Ethics Pass Pass
Paper 6: Financial Management and Strategic Management Pass Pass
* Unit 3 comprises papers 2, 3 & 4 as per ICAI announcement dated 24th August, 2023.
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that unit.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and unit.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Exemption in 3 papers / Group 2: Pass
Papers under Old Scheme Status
Paper 1: Accounting Exemption Exemption Exemption Fail
Paper 2: Business Laws, Ethics and Communication/Corporate
Exemption Exemption Fail Exemption
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Exemption Fail Exemption Exemption
Management Accounting
Paper 4: Taxation Fail Exemption Exemption Exemption
Group 2 Pass Pass Pass Pass

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Pass Pass Pass
40 / 150@ with
Paper 2: Corporate and Other Laws* Exemption# Exemption#
paper 3 & 4 marks
40 / 150@ with
Paper 3: Taxation* Exemption# Exemption# Intermediate
paper 2 & 4 marks
level pass
40 / 150@ with
Paper 4: Cost and Management Accounting* Exemption# Exemption#
paper 2 & 3 marks
Paper 5: Auditing and Ethics Pass Pass Pass
Paper 6: Financial Management and Strategic Management Pass Pass Pass
* Unit 3 comprises papers 2, 3 & 4 as per ICAI announcement dated 24th August, 2023.
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that unit.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and unit.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Pass / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Accounting Pass
Paper 2: Business Laws, Ethics and Communication/Corporate
Pass
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Pass
Management Accounting
Paper 4: Taxation Pass
Group 2 Fail

Minimum /
Papers under New Scheme aggregate
required
Paper 1: Advanced Accounting Pass
Paper 2: Corporate and Other Laws Pass
Paper 3: Taxation Pass
Paper 4: Cost and Management Accounting Pass
Paper 5: Auditing and Ethics* 40 / 100
Paper 6: Financial Management and Strategic Management* 40 / 100

* Unit 2D comprises papers 5 & 6 as per ICAI announcement dated 24th August, 2023.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Exemption in 1 paper / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Accounting Exemption Fail Fail Fail
Paper 2: Business Laws, Ethics and Communication/Corporate
Fail Exemption Fail Fail
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Fail Fail Exemption Fail
Management Accounting
Paper 4: Taxation Fail Fail Fail Exemption
Group 2 Fail Fail Fail Fail

Papers under New Scheme Minimum / aggregate required

40 / 150 with 40 / 150 with
Paper 1: Advanced Accounting Exemption# 40 / 150
paper 2 marks paper 3 marks
40 / 150 with 40 / 150 with
Paper 2: Corporate and Other Laws Exemption# 40 / 150
paper 1 marks paper 3 marks
40 / 150 with 40 / 150 with
Paper 3: Taxation 40 / 150 Exemption#
paper 1 marks paper 2 marks
Paper 4: Cost and Management Accounting 40 / 150 40 / 150 Exemption# 40 / 150
40 / 150 with
Paper 5: Auditing and Ethics 40 / 150 40 / 150 40 / 150
paper 4 marks
40 / 150 with
Paper 6: Financial Management and Strategic Management 40 / 150 40 / 150 40 / 150
paper 4 marks
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Exemption in 2 papers / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Accounting Exemption Exemption Exemption Fail
Paper 2: Business Laws, Ethics and Communication/Corporate
Exemption Fail Fail Exemption
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Fail Exemption Fail Exemption
Management Accounting
Paper 4: Taxation Fail Fail Exemption Fail
Group 2 Fail Fail Fail Fail

Papers under New Scheme Minimum / aggregate required

40 / 150 with
Paper 1: Advanced Accounting Exemption# Exemption# Exemption#
paper 2 marks
40 / 150 with 40 / 150@ with
Paper 2: Corporate and Other Laws Exemption# Exemption#
paper 1 marks paper 1 & 3 marks
40 / 150@ with 40 / 150 with 40 / 150 with
Paper 3: Taxation Exemption#
paper 1 & 2 marks paper 1 marks paper 2 marks
Paper 4: Cost and Management Accounting 40 / 150 Exemption# 40 / 150 Exemption#
40 / 150 with 40 / 150 with
Paper 5: Auditing and Ethics 40 / 150 40 / 150
paper 4 marks paper 4 marks
40 / 150 with 40 / 150 with
Paper 6: Financial Management and Strategic Management 40 / 150 40 / 150
paper 4 marks paper 4 marks
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
 Intermediate
Group 1: Exemption in 2 papers / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Accounting Fail Fail
Paper 2: Business Laws, Ethics and Communication/Corporate
Exemption Fail
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Fail Exemption
Management Accounting
Paper 4: Taxation Exemption Exemption
Group 2 Fail Fail

Papers under New Scheme Minimum / aggregate required

40 / 150@ with 40 / 150 with
Paper 1: Advanced Accounting
paper 2 & 3 marks paper 3 marks
40 / 150 with
Paper 2: Corporate and Other Laws Exemption#
paper 3 marks
Paper 3: Taxation Exemption# Exemption#
Paper 4: Cost and Management Accounting 40 / 150 Exemption#
40 / 150 with
Paper 5: Auditing and Ethics 40 / 150
paper 4 marks
40 / 150 with
Paper 6: Financial Management and Strategic Management 40 / 150
paper 4 marks
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Exemption in 3 papers / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Accounting Exemption Exemption Exemption Fail
Paper 2: Business Laws, Ethics and Communication/Corporate
Exemption Exemption Fail Exemption
and Other Laws
Paper 3: Cost Accounting and Financial Management/Cost and
Exemption Fail Exemption Exemption
Management Accounting
Paper 4: Taxation Fail Exemption Exemption Exemption
Group 2 Fail Fail Fail Fail

Papers under New Scheme Minimum / aggregate required

40 / 150@ with
Paper 1: Advanced Accounting Exemption# Exemption#
paper 2 & 3 marks
40 / 150@ with
Paper 2: Corporate and Other Laws Exemption# Group 1 pass Exemption#
paper 1 & 3 marks
40 / 150@ with
Paper 3: Taxation Exemption# Exemption#
paper 1 & 2 marks
Paper 4: Cost and Management Accounting Exemption# 40 / 150 Exemption# Exemption#
40 / 150 with 40 / 150 with paper 40 / 150 with
Paper 5: Auditing and Ethics 40 / 150
paper 4 marks 4 marks paper 4 marks
40 / 150 with 40 / 150 with paper 40 / 150 with
Paper 6: Financial Management and Strategic Management 40 / 150
paper 4 marks 4 marks paper 4 marks
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
 Intermediate
Group 1: Pass / Group 2: Exemption in 1 paper
Papers under Old Scheme Status
Group 1 Pass Pass Pass Pass
Paper 5: Advanced Accounting Exemption Fail Fail Fail
Paper 6: Auditing and Assurance Fail Exemption Fail Fail
Paper 7: Enterprise Information Systems and Strategic
Fail Fail Exemption Fail
Management
Paper 8: Financial Management and Economics for Finance Fail Fail Fail Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Pass Pass Pass Pass
Paper 2: Corporate and Other Laws Pass Pass Pass Pass
Paper 3: Taxation Pass Pass Pass Pass
Paper 4: Cost and Management Accounting Pass Pass Pass Pass
40 / 100@ with 40 / 100@ with
Paper 5: Auditing and Ethics* 40 / 100 Exemption#
paper 6 marks paper 6 marks
40 / 100@ with
Paper 6: Financial Management and Strategic Management* 40 / 100 Exemption# Exemption#
paper 5 marks
* Unit 2D comprises papers 5 & 6 as per ICAI announcement dated 24th August, 2023.
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that unit.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and unit.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Pass / Group 2: Exemption in 2 papers
Papers under Old Scheme Status
Group 1 Pass Pass Pass Pass
Paper 5: Advanced Accounting Exemption Exemption Exemption Fail
Paper 6: Auditing and Assurance Exemption Fail Fail Exemption
Paper 7: Enterprise Information Systems and Strategic Fail Exemption Fail Exemption
Management
Paper 8: Financial Management and Economics for Finance Fail Fail Exemption Fail

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Pass Pass Pass
Paper 2: Corporate and Other Laws Pass Pass Pass
Paper 3: Taxation Pass Pass Pass
Paper 4: Cost and Management Accounting Pass Pass Pass Intermediate
level pass
Exemption# 40 / 100@ with 40 / 100@ with
Paper 5: Auditing and Ethics*
paper 6 marks paper 6 marks
40 / 100@ with Exemption# Exemption#
Paper 6: Financial Management and Strategic Management*
paper 5 marks
* Unit 2D comprises papers 5 & 6 as per ICAI announcement dated 24th August, 2023.
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that unit.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and unit.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Pass / Group 2: Exemption in 2 papers
Papers under Old Scheme Status
Group 1 Pass Pass
Paper 5: Advanced Accounting Fail Fail
Paper 6: Auditing and Assurance Exemption Fail
Paper 7: Enterprise Information Systems and Strategic Fail Exemption
Management
Paper 8: Financial Management and Economics for Finance Exemption Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Pass
Paper 2: Corporate and Other Laws Pass
Paper 3: Taxation Pass
Intermediate level
Paper 4: Cost and Management Accounting pass Pass
40 / 100@ with
Paper 5: Auditing and Ethics*
paper 6 marks
Paper 6: Financial Management and Strategic Management* Exemption#
* Unit 2D comprises papers 5 & 6 as per ICAI announcement dated 24th August, 2023.
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that unit.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and unit.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Pass / Group 2: Exemption in 3 papers
Papers under Old Scheme Status
Group 1 Pass Pass Pass Pass
Paper 5: Advanced Accounting Exemption Exemption Exemption Fail
Paper 6: Auditing and Assurance Exemption Exemption Fail Exemption
Paper 7: Enterprise Information Systems and Strategic
Exemption Fail Exemption Exemption
Management
Paper 8: Financial Management and Economics for Finance Fail Exemption Exemption Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Pass
Paper 2: Corporate and Other Laws Pass
Paper 3: Taxation Pass
Intermediate level Intermediate level Intermediate
Paper 4: Cost and Management Accounting pass pass Pass level pass
40 / 100@ with
Paper 5: Auditing and Ethics*
paper 6 marks
Paper 6: Financial Management and Strategic Management* Exemption#
* Unit 2D comprises papers 5 & 6 as per ICAI announcement dated 24th August, 2023.
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that unit.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and unit.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Fail / Group 2: Pass
Papers under Old Scheme Status
Group 1 Fail
Paper 5: Advanced Accounting Pass
Paper 6: Auditing and Assurance Pass
Paper 7: Enterprise Information Systems and Strategic Pass
Management
Paper 8: Financial Management and Economics for Finance Pass

Minimum /
Papers under New Scheme aggregate
required
Paper 1: Advanced Accounting Pass
Paper 2: Corporate and Other Laws* 40 / 150
Paper 3: Taxation* 40 / 150
Paper 4: Cost and Management Accounting* 40 / 150
Paper 5: Auditing and Ethics Pass
Paper 6: Financial Management and Strategic Management Pass

* Unit 3 comprises papers 2, 3 & 4 as per ICAI announcement dated 24th August, 2023.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Fail / Group 2: Exemption in 1 paper
Papers under Old Scheme Status
Group 1 Fail Fail Fail Fail
Paper 5: Advanced Accounting Exemption Fail Fail Fail
Paper 6: Auditing and Assurance Fail Exemption Fail Fail
Paper 7: Enterprise Information Systems and Strategic
Fail Fail Exemption Fail
Management
Paper 8: Financial Management and Economics for Finance Fail Fail Fail Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Exemption# 40 / 150 40 / 150 40 / 150
40 / 150 with 40 / 150 40 / 150 40 / 150
Paper 2: Corporate and Other Laws
paper 1 marks
40 / 150 with 40 / 150 40 / 150 40 / 150
Paper 3: Taxation
paper 1 marks
40 / 150 40 / 150 with 40 / 150 with 40 / 150 with
Paper 4: Cost and Management Accounting
paper 5 marks paper 6 marks paper 6 marks
40 / 150 Exemption# 40 / 150 with 40 / 150 with
Paper 5: Auditing and Ethics
paper 6 marks paper 6 marks
40 / 150 40 / 150 with Exemption# Exemption#
Paper 6: Financial Management and Strategic Management
paper 5 marks
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Fail / Group 2: Exemption in 2 papers
Papers under Old Scheme Status
Group 1 Fail Fail Fail Fail
Paper 5: Advanced Accounting Exemption Exemption Exemption Fail
Paper 6: Auditing and Assurance Exemption Fail Fail Exemption
Paper 7: Enterprise Information Systems and Strategic Fail Exemption Fail Exemption
Management
Paper 8: Financial Management and Economics for Finance Fail Fail Exemption Fail

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Exemption# Exemption# Exemption# 40 / 150
40 / 150 with 40 / 150 with 40 / 150 with 40 / 150
Paper 2: Corporate and Other Laws
paper 1 marks paper 1 marks paper 1 marks
40 / 150 with 40 / 150 with 40 / 150 with 40 / 150
Paper 3: Taxation
paper 1 marks paper 1 marks paper 1 marks
40 / 150 with 40 / 150 with 40 / 150 with 40 / 150@ with
Paper 4: Cost and Management Accounting
paper 5 marks paper 6 marks paper 6 marks paper 5 & 6 marks
Exemption# 40 / 150 with 40 / 150 with Exemption#
Paper 5: Auditing and Ethics
paper 6 marks paper 6 marks
40 / 150 with Exemption# Exemption# Exemption#
Paper 6: Financial Management and Strategic Management
paper 5 marks
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Fail / Group 2: Exemption in 2 papers
Papers under Old Scheme Status
Group 1 Fail Fail
Paper 5: Advanced Accounting Fail Fail
Paper 6: Auditing and Assurance Exemption Fail
Paper 7: Enterprise Information Systems and Strategic Fail Exemption
Management
Paper 8: Financial Management and Economics for Finance Exemption Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting 40 / 150 40 / 150
Paper 2: Corporate and Other Laws 40 / 150 40 / 150
Paper 3: Taxation 40 / 150 40 / 150
40 / 150@ with 40 / 150 with
Paper 4: Cost and Management Accounting
paper 5 & 6 marks paper 6 marks
Exemption# 40 / 150 with
Paper 5: Auditing and Ethics
paper 6 marks
Paper 6: Financial Management and Strategic Management Exemption# Exemption#
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.

Board of Studies (Academic), ICAI

 Intermediate
Group 1: Fail / Group 2: Exemption in 3 papers
Papers under Old Scheme Status
Group 1 Fail Fail Fail Fail
Paper 5: Advanced Accounting Exemption Exemption Exemption Fail
Paper 6: Auditing and Assurance Exemption Exemption Fail Exemption
Paper 7: Enterprise Information Systems and Strategic Exemption Fail Exemption Exemption
Management
Paper 8: Financial Management and Economics for Finance Fail Exemption Exemption Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Advanced Accounting Exemption# Exemption# Exemption# 40 / 150
40 / 150 with 40 / 150 with 40 / 150 with 40 / 150
Paper 2: Corporate and Other Laws
paper 1 marks paper 1 marks paper 1 marks
40 / 150 with 40 / 150 with 40 / 150 with 40 / 150
Paper 3: Taxation
paper 1 marks paper 1 marks paper 1 marks
40 / 150@ with 40 / 150@ with 40 / 150 with 40 / 150@ with
Paper 4: Cost and Management Accounting
paper 5 & 6 marks paper 5 & 6 marks paper 6 marks paper 5 & 6 marks
Exemption# Exemption# 40 / 150 with Exemption#
Paper 5: Auditing and Ethics
paper 6 marks
Paper 6: Financial Management and Strategic Management Exemption# Exemption# Exemption# Exemption#
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.

Board of Studies (Academic), ICAI

The Institute of
Chartered Accountants of India

Case scenarios Final level

 Final
Group 1: Exemption in 1 paper / Group 2: Pass
Papers under Old Scheme Status
Paper 1: Financial Reporting Exemption Fail Fail Fail
Paper 2: Strategic Financial Management Fail Exemption Fail Fail
Paper 3: Advanced Auditing and Professional Ethics Fail Fail Exemption Fail
Paper 4: Corporate and Economic Laws Fail Fail Fail Exemption
Group 2 Pass Pass Pass Pass

Papers under New Scheme Minimum / aggregate required

40 / 150 with 40 / 150 with
Paper 1: Financial Reporting Exemption#
paper 2 marks paper 3 marks
40 / 150

40 / 150 with 40 / 150 with

Paper 2: Advanced Financial Management
paper 1 marks
Exemption#
paper 3 marks
40 / 150

40 / 150 with 40 / 150 with

Paper 3: Advanced Auditing, Assurance and Professional Ethics
paper 1 marks paper 2 marks
Exemption# 40 / 150

Paper 4: Direct Tax Laws & International Taxation

Paper 5: Indirect Tax Laws Pass Pass Pass Pass
Paper 6: Integrated Business Solutions
Self-Paced Online Module SET A: Corporate and Economic Laws 50 50 50 Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass Pass Pass Pass
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.

Board of Studies (Academic), ICAI

 Final
Group 1: Exemption in 2 papers / Group 2: Pass
Papers under Old Scheme Status
Paper 1: Financial Reporting Exemption Exemption Exemption Fail
Paper 2: Strategic Financial Management Exemption Fail Fail Exemption
Paper 3: Advanced Auditing and Professional Ethics Fail Exemption Fail Exemption
Paper 4: Corporate and Economic Laws Fail Fail Exemption Fail
Group 2 Pass Pass Pass Pass

Papers under New Scheme Minimum / aggregate required

40 / 150@ with
Paper 1: Financial Reporting Exemption# Exemption# Exemption#
paper 2 & 3 marks
40 / 150@ with 40 / 150 with
Paper 2: Advanced Financial Management Exemption# Exemption#
paper 1 & 3 marks paper 1 marks
40 / 150@ with 40 / 150 with
Paper 3: Advanced Auditing, Assurance and Professional Ethics Exemption# Exemption#
paper 1 & 2 marks paper 1 marks
Paper 4: Direct Tax Laws & International Taxation
Paper 5: Indirect Tax Laws Pass Pass Pass Pass
Paper 6: Integrated Business Solutions
Self-Paced Online Module SET A: Corporate and Economic Laws 50 50 Pass 50
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass Pass Pass Pass
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
 Final
Group 1: Exemption in 2 papers / Group 2: Pass
Papers under Old Scheme Status
Paper 1: Financial Reporting Fail Fail
Paper 2: Strategic Financial Management Exemption Fail
Paper 3: Advanced Auditing and Professional Ethics Fail Exemption
Paper 4: Corporate and Economic Laws Exemption Exemption
Group 2 Pass Pass

Papers under New Scheme Minimum / aggregate required

40 / 150 with 40 / 150 with
Paper 1: Financial Reporting
paper 2 marks paper 3 marks
40 / 150 with
Paper 2: Advanced Financial Management Exemption#
paper 3 marks
40 / 150 with
Paper 3: Advanced Auditing, Assurance and Professional Ethics Exemption#
paper 2 marks
Paper 4: Direct Tax Laws & International Taxation
Paper 5: Indirect Tax Laws Pass Pass
Paper 6: Integrated Business Solutions
Self-Paced Online Module SET A: Corporate and Economic Laws Pass Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass Pass
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.

Board of Studies (Academic), ICAI

 Final
Group 1: Exemption in 3 papers / Group 2: Pass
Papers under Old Scheme Status
Paper 1: Financial Reporting Exemption Exemption Exemption Fail
Paper 2: Strategic Financial Management Exemption Exemption Fail Exemption
Paper 3: Advanced Auditing and Professional Ethics Exemption Fail Exemption Exemption
Paper 4: Corporate and Economic Laws Fail Exemption Exemption Exemption
Group 2 Pass Pass Pass Pass

Papers under New Scheme Minimum / aggregate required

40 / 150@ with
Paper 1: Financial Reporting Exemption# Exemption#
paper 2 & 3 marks
40 / 150@ with
Paper 2: Advanced Financial Management Group 1 pass Exemption# Exemption#
paper 1 & 3 marks
40 / 150@ with
Paper 3: Advanced Auditing, Assurance and Professional Ethics Exemption# Exemption#
paper 1 & 2 marks
Paper 4: Direct Tax Laws & International Taxation
Paper 5: Indirect Tax Laws Pass Pass Pass Pass
Paper 6: Integrated Business Solutions
Self-Paced Online Module SET A: Corporate and Economic Laws 50 Pass Pass Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass Pass Pass Pass
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
 Final
Group 1: Pass / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Financial Reporting Pass
Paper 2: Strategic Financial Management Pass
Paper 3: Advanced Auditing and Professional Ethics Pass
Paper 4: Corporate and Economic Laws Pass
Group 2 Fail

Minimum /
Papers under New Scheme aggregate
required
Paper 1: Financial Reporting Pass

Paper 2: Advanced Financial Management Pass

Paper 3: Advanced Auditing, Assurance and Professional Ethics Pass

Paper 4: Direct Tax Laws & International Taxation 40 / 150
Paper 5: Indirect Tax Laws 40 / 150
Paper 6: Integrated Business Solutions 40 / 150
Self-Paced Online Module SET A: Corporate and Economic Laws Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
50
Management

Board of Studies (Academic), ICAI

 Final
Group 1: Exemption in 1 paper / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Financial Reporting Exemption Fail Fail Fail
Paper 2: Strategic Financial Management Fail Exemption Fail Fail
Paper 3: Advanced Auditing and Professional Ethics Fail Fail Exemption Fail
Paper 4: Corporate and Economic Laws Fail Fail Fail Exemption
Group 2 Fail Fail Fail Fail

Papers under New Scheme Minimum / aggregate required

40 / 150 with 40 / 150 with
Paper 1: Financial Reporting Exemption# 40 / 150
paper 2 marks paper 3 marks
40 / 150 with 40 / 150 with
Paper 2: Advanced Financial Management Exemption# 40 / 150
paper 1 marks paper 3 marks
40 / 150 with 40 / 150 with
Paper 3: Advanced Auditing, Assurance and Professional Ethics Exemption# 40 / 150
paper 1 marks paper 2 marks
Paper 4: Direct Tax Laws & International Taxation 40 / 150 40 / 150 40 / 150 40 / 150
Paper 5: Indirect Tax Laws 40 / 150 40 / 150 40 / 150 40 / 150
Paper 6: Integrated Business Solutions 40 / 150 40 / 150 40 / 150 40 / 150
Self-Paced Online Module SET A: Corporate and Economic Laws 50 50 50 Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
50 50 50 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.

Board of Studies (Academic), ICAI

 Final
Group 1: Exemption in 2 papers / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Financial Reporting Exemption Exemption Exemption Fail
Paper 2: Strategic Financial Management Exemption Fail Fail Exemption
Paper 3: Advanced Auditing and Professional Ethics Fail Exemption Fail Exemption
Paper 4: Corporate and Economic Laws Fail Fail Exemption Fail
Group 2 Fail Fail Fail Fail

Papers under New Scheme Minimum / aggregate required

40 / 150@ with
Paper 1: Financial Reporting Exemption# Exemption# Exemption#
paper 2 & 3 marks
40 / 150@ with 40 / 150 with
Paper 2: Advanced Financial Management Exemption# Exemption#
paper 1 & 3 marks paper 1 marks
40 / 150@ with 40 / 150 with
Paper 3: Advanced Auditing, Assurance and Professional Ethics Exemption# Exemption#
paper 1 & 2 marks paper 1 marks
Paper 4: Direct Tax Laws & International Taxation 40 / 150 40 / 150 40 / 150 40 / 150
Paper 5: Indirect Tax Laws 40 / 150 40 / 150 40 / 150 40 / 150
Paper 6: Integrated Business Solutions 40 / 150 40 / 150 40 / 150 40 / 150
Self-Paced Online Module SET A: Corporate and Economic Laws 50 50 Pass 50
Self-Paced Online Module SET B: Strategic Cost & Performance
50 50 50 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
 Final
Group 1: Exemption in 2 papers / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Financial Reporting Fail Fail
Paper 2: Strategic Financial Management Exemption Fail
Paper 3: Advanced Auditing and Professional Ethics Fail Exemption
Paper 4: Corporate and Economic Laws Exemption Exemption
Group 2 Fail Fail

Papers under New Scheme Minimum / aggregate required

40 / 150 with 40 / 150 with
Paper 1: Financial Reporting
paper 2 marks paper 3 marks
40 / 150 with
Paper 2: Advanced Financial Management Exemption#
paper 3 marks
40 / 150 with
Paper 3: Advanced Auditing, Assurance and Professional Ethics Exemption#
paper 2 marks
Paper 4: Direct Tax Laws & International Taxation 40 / 150 40 / 150
Paper 5: Indirect Tax Laws 40 / 150 40 / 150
Paper 6: Integrated Business Solutions 40 / 150 40 / 150
Self-Paced Online Module SET A: Corporate and Economic Laws Pass Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
50 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.

Board of Studies (Academic), ICAI

 Final
Group 1: Exemption in 3 papers / Group 2: Fail
Papers under Old Scheme Status
Paper 1: Financial Reporting Exemption Exemption Exemption Fail
Paper 2: Strategic Financial Management Exemption Exemption Fail Exemption
Paper 3: Advanced Auditing and Professional Ethics Exemption Fail Exemption Exemption
Paper 4: Corporate and Economic Laws Fail Exemption Exemption Exemption
Group 2 Fail Fail Fail Fail

Papers under New Scheme Minimum / aggregate required

40 / 150@ with
Paper 1: Financial Reporting Exemption# Exemption#
paper 2 & 3 marks
40 / 150@ with
Paper 2: Advanced Financial Management Group 1 pass Exemption# Exemption#
paper 1 & 3 marks
40 / 150@ with
Paper 3: Advanced Auditing, Assurance and Professional Ethics Exemption# Exemption#
paper 1 & 2 marks
Paper 4: Direct Tax Laws & International Taxation 40 / 150 40 / 150 40 / 150 40 / 150
Paper 5: Indirect Tax Laws 40 / 150 40 / 150 40 / 150 40 / 150
Paper 6: Integrated Business Solutions 40 / 150 40 / 150 40 / 150 40 / 150
Self-Paced Online Module SET A: Corporate and Economic Laws 50 Pass Pass Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
50 50 50 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
 Final
Group 1: Pass / Group 2: Exemption in 1 paper
Papers under Old Scheme Status
Group 1 Pass Pass Pass Pass
Paper 5: Strategic Cost Management and Performance
Exemption Fail Fail Fail
Evaluation
Paper 6: Elective Paper Fail Exemption Fail Fail
Paper 7: Direct Tax Laws and International Taxation Fail Fail Exemption Fail
Paper 8: Indirect Tax Laws Fail Fail Fail Exemption

Papers under New Scheme Minimum / aggregate required

Group 1 Pass Pass Pass Pass
40 / 150 with 40 / 150 with
Paper 4: Direct Tax Laws & International Taxation 40 / 150 Exemption#
paper 6 marks paper 5 marks
40 / 150 with 40 / 150 with
Paper 5: Indirect Tax Laws 40 / 150 Exemption#
paper 6 marks paper 4 marks
40 / 150 with 40 / 150 with
Paper 6: Integrated Business Solutions 40 / 150 Exemption#
paper 4 marks paper 5 marks
Self-Paced Online Module SET A: Corporate and Economic Laws Pass Pass Pass Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass 50 50 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.

Board of Studies (Academic), ICAI

 Final
Group 1: Pass / Group 2: Exemption in 2 papers
Papers under Old Scheme Status
Group 1 Pass Pass Pass Pass
Paper 5: Strategic Cost Management and Performance
Exemption Exemption Exemption Fail
Evaluation
Paper 6: Elective Paper Exemption Fail Fail Exemption
Paper 7: Direct Tax Laws and International Taxation Fail Exemption Fail Exemption
Paper 8: Indirect Tax Laws Fail Fail Exemption Fail

Papers under New Scheme Minimum / aggregate required

Group 1 Pass Pass Pass Pass
40 / 150 with 40 / 150 with
Paper 4: Direct Tax Laws & International Taxation Exemption# Exemption#
paper 6 marks paper 5 marks
40 / 150 with 40 / 150 with 40 / 150@ with
Paper 5: Indirect Tax Laws Exemption#
paper 6 marks paper 4 marks paper 4 & 6 marks
40 / 150 with 40 / 150 with
Paper 6: Integrated Business Solutions Exemption# Exemption#
paper 4 marks paper 5 marks
Self-Paced Online Module SET A: Corporate and Economic Laws Pass Pass Pass Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass Pass Pass 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.

Board of Studies (Academic), ICAI

 Final
Group 1: Pass / Group 2: Exemption in 2 papers
Papers under Old Scheme Status
Group 1 Pass Pass
Paper 5: Strategic Cost Management and Performance
Fail Fail
Evaluation
Paper 6: Elective Paper Exemption Fail
Paper 7: Direct Tax Laws and International Taxation Fail Exemption
Paper 8: Indirect Tax Laws Exemption Exemption

Papers under New Scheme Minimum / aggregate required

Group 1 Pass Pass
40 / 150@ with
Paper 4: Direct Tax Laws & International Taxation Exemption#
paper 5 & 6 marks
Paper 5: Indirect Tax Laws Exemption# Exemption#
40 / 150@ with
Paper 6: Integrated Business Solutions Exemption#
paper 4 & 5 marks
Self-Paced Online Module SET A: Corporate and Economic Laws Pass Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
50 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.

Board of Studies (Academic), ICAI

 Final
Group 1: Pass / Group 2: Exemption in 3 papers
Papers under Old Scheme Status
Group 1 Pass Pass Pass Pass
Paper 5: Strategic Cost Management and Performance
Exemption Exemption Exemption Fail
Evaluation
Paper 6: Elective Paper Exemption Exemption Fail Exemption
Paper 7: Direct Tax Laws and International Taxation Exemption Fail Exemption Exemption
Paper 8: Indirect Tax Laws Fail Exemption Exemption Exemption

Papers under New Scheme Minimum / aggregate required

Group 1 Pass Pass Pass Pass
40 / 150@ with
Paper 4: Direct Tax Laws & International Taxation Exemption# Exemption#
paper 5 & 6 marks
40 / 150@ with
Paper 5: Indirect Tax Laws Exemption# Exemption# Group 2 pass
paper 4 & 6 marks
40 / 150@ with
Paper 6: Integrated Business Solutions Exemption# Exemption#
paper 4 & 5 marks
Self-Paced Online Module SET A: Corporate and Economic Laws Pass Pass Pass Pass
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass Pass Pass 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.

Board of Studies (Academic), ICAI

 Final
Group 1: Fail / Group 2: Pass
Papers under Old Scheme Status
Group 1 Fail
Paper 5: Strategic Cost Management and Performance
Pass
Evaluation
Paper 6: Elective Paper Pass
Paper 7: Direct Tax Laws and International Taxation Pass
Paper 8: Indirect Tax Laws Pass

Minimum /
Papers under New Scheme aggregate
required
Paper 1: Financial Reporting 40 / 150
Paper 2: Advanced Financial Management 40 / 150
Paper 3: Advanced Auditing, Assurance and Professional Ethics 40 / 150

Paper 4: Direct Tax Laws & International Taxation

Paper 5: Indirect Tax Laws Group 2 pass

Paper 6: Integrated Business Solutions

Self-Paced Online Module SET A: Corporate and Economic Laws 50
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass
Management

Board of Studies (Academic), ICAI

 Final
Group 1: Fail / Group 2: Exemption in 1 paper
Papers under Old Scheme Status
Group 1 Fail Fail Fail Fail
Paper 5: Strategic Cost Management and Performance
Exemption Fail Fail Fail
Evaluation
Paper 6: Elective Paper Fail Exemption Fail Fail
Paper 7: Direct Tax Laws and International Taxation Fail Fail Exemption Fail
Paper 8: Indirect Tax Laws Fail Fail Fail Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Financial Reporting 40 / 150 40 / 150 40 / 150 40 / 150
Paper 2: Advanced Financial Management 40 / 150 40 / 150 40 / 150 40 / 150
Paper 3: Advanced Auditing, Assurance and Professional Ethics 40 / 150 40 / 150 40 / 150 40 / 150
40 / 150 with 40 / 150 with
Paper 4: Direct Tax Laws & International Taxation 40 / 150 Exemption#
paper 6 marks paper 5 marks
40 / 150 with 40 / 150 with
Paper 5: Indirect Tax Laws 40 / 150 Exemption#
paper 6 marks paper 4 marks
40 / 150 with 40 / 150 with
Paper 6: Integrated Business Solutions 40 / 150 Exemption#
paper 4 marks paper 5 marks
Self-Paced Online Module SET A: Corporate and Economic Laws 50 50 50 50
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass 50 50 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
Board of Studies (Academic), ICAI
 Final
Group 1: Fail / Group 2: Exemption in 2 papers
Papers under Old Scheme Status
Group 1 Fail Fail Fail Fail
Paper 5: Strategic Cost Management and Performance Evaluation Exemption Exemption Exemption Fail
Paper 6: Elective Paper Exemption Fail Fail Exemption
Paper 7: Direct Tax Laws and International Taxation Fail Exemption Fail Exemption
Paper 8: Indirect Tax Laws Fail Fail Exemption Fail

Papers under New Scheme Minimum / aggregate required

Paper 1: Financial Reporting 40 / 150 40 / 150 40 / 150 40 / 150
Paper 2: Advanced Financial Management 40 / 150 40 / 150 40 / 150 40 / 150
Paper 3: Advanced Auditing, Assurance and Professional Ethics 40 / 150 40 / 150 40 / 150 40 / 150
40 / 150 with 40 / 150 with paper
Paper 4: Direct Tax Laws & International Taxation Exemption# Exemption#
paper 6 marks 5 marks
40 / 150 with 40 / 150 with paper 40 / 150@ with
Paper 5: Indirect Tax Laws Exemption#
paper 6 marks 4 marks paper 4 & 6 marks
40 / 150 with paper 40 / 150 with paper
Paper 6: Integrated Business Solutions Exemption# Exemption#
4 marks 5 marks
Self-Paced Online Module SET A: Corporate and Economic Laws 50 50 50 50
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass Pass Pass 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
 Final
Group 1: Fail / Group 2: Exemption in 2 papers
Papers under Old Scheme Status
Group 1 Fail Fail
Paper 5: Strategic Cost Management and Performance
Fail Fail
Evaluation
Paper 6: Elective Paper Exemption Fail
Paper 7: Direct Tax Laws and International Taxation Fail Exemption
Paper 8: Indirect Tax Laws Exemption Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Financial Reporting 40 / 150 40 / 150
Paper 2: Advanced Financial Management 40 / 150 40 / 150
Paper 3: Advanced Auditing, Assurance and Professional Ethics 40 / 150 40 / 150
40 / 150@ with
Paper 4: Direct Tax Laws & International Taxation Exemption#
paper 5 & 6 marks
Paper 5: Indirect Tax Laws Exemption# Exemption#
40 / 150@ with
Paper 6: Integrated Business Solutions Exemption#
paper 4 & 5 marks
Self-Paced Online Module SET A: Corporate and Economic Laws 50 50
Self-Paced Online Module SET B: Strategic Cost & Performance
50 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
 Final
Group 1: Fail / Group 2: Exemption in 3 papers
Papers under Old Scheme Status
Group 1 Fail Fail Fail Fail
Paper 5: Strategic Cost Management and Performance Evaluation Exemption Exemption Exemption Fail
Paper 6: Elective Paper Exemption Exemption Fail Exemption
Paper 7: Direct Tax Laws and International Taxation Exemption Fail Exemption Exemption
Paper 8: Indirect Tax Laws Fail Exemption Exemption Exemption

Papers under New Scheme Minimum / aggregate required

Paper 1: Financial Reporting 40 / 150 40 / 150 40 / 150 40 / 150
Paper 2: Advanced Financial Management 40 / 150 40 / 150 40 / 150 40 / 150
Paper 3: Advanced Auditing, Assurance and Professional Ethics 40 / 150 40 / 150 40 / 150 40 / 150
40 / 150@ with
Paper 4: Direct Tax Laws & International Taxation Exemption# Exemption#
paper 5 & 6 marks
40 / 150@ with
Paper 5: Indirect Tax Laws Exemption# Exemption# Group 2 pass
paper 4 & 6 marks
40 / 150@ with
Paper 6: Integrated Business Solutions Exemption# Exemption#
paper 4 & 5 marks
Self-Paced Online Module SET A: Corporate and Economic Laws 50 50 50 50
Self-Paced Online Module SET B: Strategic Cost & Performance
Pass Pass Pass 50
Management
# If a candidate opts to make his/her Exemption permanent, he/she has to score minimum of 50% marks in each of the remaining paper(s) of that group.
@ If the Exemption secured is continuing (3 attempts have not been exhausted), then effectively 40 marks are required to pass the paper and group.
Board of Studies (Academic), ICAI
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