• This is the last stage of the Chartered Accountancy curriculum.
  • Final level consists of two groups of 4 papers each (i.e. 8 papers in total)
  • One Elective Paper has been introduced in the curriculum of Final Course
  • Examinations are held twice a year in the months of May and November
  • A student can study and appear in the examination group-wise or both the groups together.
  • Proficiency Level expected is Expert Knowledge


  • Students after qualifying both the groups of Intermediate Examination are eligible to register for Final Course
  • They would be allowed to appear in Final Examination during last six months of practical training after successful completion of Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS).
  • Upon passing both the groups and applying for membership of ICAI, a candidate is declared to be a Chartered Accountant.

Subjects covered in Final Course

Group I
  • Paper-1: Financial Reporting (100 Marks)
  • Paper-2: Strategic Financial Management (100 Marks)
  • Paper-3: Advanced Auditing and Professional Ethics (100 Marks)
  • Paper-4: Corporate and Economic Laws (100 Marks)
  • Part I: Corporate Laws (70 Marks)
  • Part II: Economic Laws (30 Marks)
Group II
  • Paper-5: Strategic Cost Management and Performance Evaluation (100 Marks)
  • Paper-6: Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers)
  • Elective Papers
  • 6A Risk Management
  • 6B Financial Services & Capital Markets
  • 6C International Taxation
  • 6D Economic Laws
  • 6E Global Financial Reporting Standards
  • 6F Multi-disciplinary Case Study
  • Paper-7: Direct Tax Laws & International Taxation (100 Marks)
  • Part I: Direct Tax Laws (70 Marks)
  • Part II: International Taxation (30 Marks)
  • Paper-8: Indirect Tax Laws (100 Marks)
  • Part I: Goods and Service Tax (75 Marks)
  • Part II: Customs & FTP (25 Marks)
  • Paper 6 is an elective paper and is an open book exam.
  • In Papers 3, 4,7, 8 - 30 marks will be tested as Objective and 70 marks will be descriptive.
  • There will be no negative marking for Objective type questions.

Passing criteria in Final Examination

A Final course candidate shall be declared to have passed the examination if he/ she obtains at one sitting a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate of all the papers.