Nihal Ali (Nil) (39 Points)
03 August 2015
prinkle choudhary
(vaishali nagar)
(23 Points)
Replied 03 August 2015
Deepak Gupta
(CA Student)
(15922 Points)
Replied 03 August 2015
1. Only draft scheme has been issued by the ICAI but it not yet effective.
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2. Anyhow, you’ll be able to carry on your studies in the existing curriculum itself. You'll only need to do the amendments as applicable for May 2016 exams. Like Ind-AS will be applicable for May 2016 exams (comparison and carve out/in) - View ICAI announcement
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3. Sufficient time will be given to students to clear their exams before transition provisions are applied. Similarly, when PCC scheme was launched in 2006, adequate time was given to old intermediate and final students to clear their exams before the old scheme was abolished.
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4. Furthermore, ICAI has also clarified the above points in CA Student Journal [June'15].
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Relevant Extract:
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