« Top Headlines » Open DEMAT Account in 24 hrs  Tax planning for 2025: How to maximise your savings before March 31 deadline  New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025 «  I-T dept firm on bringing co-op banks under scanner... CBEC`s reforms survey for a bit of soul searching... » CA syllabus to be revamped July, 18th 2006 The Institute of Chartered Accountants of India (ICAI) is gearing up to match industry expectation in every possible manner.    Harinderjit Singh, central council member, ICAI said, "Around 90 per cent of fresh CA pass outs are opting for jobs in the industry and remaining are coming into professional practice. The picture is exactly opposite of what used to be a decade ago."    Keeping the new demand in mind, ICAI is in the process of revamping its entire syllabus.    "We will be including several new papers of study in our syllabus keeping the emerging areas in mind. ICAI will include Generally Accepted Accounting Principles in the United States (US GAAP), International Financial Reporting Standards and International Accountings Standards (IAS) amongst others in the new syllabus that it is likely to be disclosed in next fortnight," he added.    He was speaking on the sidelines of the all India conference on 'Professional Enrichment & Excellence-Widening Horizon'.    Singh noted that there is huge demand of CAs in business process outsourcing (BPO) firms. The average salary received by successful CA pass outs this year at the institute's campus recruitment was Rs 6 lakh per annum with the highest touching Rs 15 lakh pa, he noted.    "CA students are required to do compulsory articleship in a practicing CA firm. They rarely develop industry experience and get 'practice' orientation. The institute is trying to address this issue keeping the requirement of time," Singh added.    Meanwhile, the institute has taken initiative to come up with 'white paper' with detailed note on industry requirement.    "We are in the process of distributing questionnaire at various seminars to industry representative and our members asking for their expectation and requirement. We are expecting the white paper to be ready within this year end," added Singh.