Here are the major points covered in ICAI webcast as addressed by ICAI President & Vice President:
1. ICAI is working to provide verification result within 7 Days
2. ICAI to reduce the time taken to announce the result by 15 Days 100% Machine Checking of Papers by 2024.
3. ICAI is creating a Case Study of Question Bank of 5000 Case Studies.
4. Council has approved the Virtual/Online Classes for Post Qualification Courses CDS Portal will be started immediately after Lockdown.
5. ICAI will come out with Research Paper on Revival of Economy post-COVID-19.
6. Guidelines might be issued for Digital Signing of Audit Reports due to COVID 19.
7. ICAI looking for Case Study Developer.
8. ICAI will promote work from home culture for women members.
9. No reduction in Job Opportunities for CA’s due to COVID-19.
10. Correction window might be reopened only for change of centre and not group.
11. No extension of the Last Attempt of Old Syllabus of IPCC/FINAL.
12. No postponement/preponement of June 2020 attempt.
13. Level of Examination of June 2020 exam will be same, Exam Postponement Will Not Make Exam Harder
14. ICAI – MTP will Commence After 1st May.
15. Whether MCQ Question Paper of June 2020 will be given or not – Is not clear yet.
16. Lockdown period will not be treated as Holidays for Articles and considered as working but those who are on leaves for examination it will not be considered as working.
17. Earmarked 100 crore for Student Scholarship.
18. No exemption for CS from CA Articleship.
19. Council Will Come Online every month to answer queries.