CA Final Amendments May 2025 Exams Updates by ICAI

CA Final amendments for May 2025 exams are available for download which has been issued by the Institute of Chartered Accountants of India (ICAI). The next examinations of Chartered Accountancy Final course will be held in May 2025.

All updates till 31st October, 2024 is applicable for final level examinations to be held in the month of May 2025. CA Institute announces the applicability of Standards, Guidance Notes and Legislative Amendments etc. for May, 2025 – Final Examination.

Accordingly, you may download topic wise ICAI CA Final amendments for May 2025 exams. Accounting Standards, Standards on Auditing (SAs), Guidance Notes (GNs), Circulars, Notifications, Companies Act and Finance Act etc.

CA Final Amendments for May 2025

You may download CA Final amendments applicable for May 2025 exams. In this article you will be able to learn the recent amendments, latest updated notes and news for May 2025 examination.

You must go through the latest CA Final amendments and CA Final updates happened at least 6 months prior to the commencement of your CA Final Course examination. Accordingly, you may download the following resources provided by CA Institute on official website ICAI.org under Board of Studies (BoS) Knowledge Portal:

1. Study Materials (latest edition)
2. Additional Reading material
3. Supplementary Study Materials
4. CA Final Practice Manual
5. Compilation of Suggested Answers
6. CA Final RTP (Revision Test Papers); and
7. Download MTP (Mock Test Papers) with solutions
8. CA Final books recommended for May 2025 exams

CA Final Exam Time Table May 2025

The CA Final exams will be held from May 2, 2025, to May 13, 2025. Specifically:

• Group I: May 2, 4, and 6, 2025.
• Group II: May 8, 10, and 13, 2025.

As per the official notification from the Board of Studies (Academic) of the Institute of Chartered Accountants of India (ICAI), the applicability of standards, guidance notes, and legislative amendments for the May 2025 CA Final examination is here.

CA Final Amendments May 2025:

1. Paper 1: Financial Reporting
   • Certain Ind AS topics are excluded (e.g., Ind AS 29, 106, 114, 117).
   • The November 2024 edition of the study material is relevant.
   • Amendments up to October 31, 2024, will be applicable.
2. Paper 3: Advanced Auditing & Professional Ethics
   • Chapter 8 on specialized audits is applicable.
   • Legislative amendments up to October 31, 2024, are included.
3. Paper 4: Direct Tax Laws & International Taxation
   • Finance (No. 2) Act, 2024, is applicable.
   • Assessment year: 2025-26.
   • Study material must be supplemented with statutory and judicial updates.
4. Paper 5: Indirect Tax Laws
   • Includes amendments in CGST Act, IGST Act, Customs Act, and Customs Tariff Act.
   • Specific exclusions from GST syllabus (e.g., tax rates on goods/services, Kerala Flood Cess).
5. Paper 6: Integrated Business Solutions
   • A case-study-based paper covering concepts from Papers 1-5.
   • Also integrates self-paced modules on Corporate Laws and Strategic Cost Management.
6. Self-Paced Online Modules
   • Covers Corporate & Economic Laws, SEBI Act, FEMA, FCRA, and IBC.
   • Amendments up to October 31, 2024, are relevant.

The study material and amendments up to the specified cutoff date must be thoroughly referred to for the exam. Download official notification document at https://resource.cdn.icai.org/84924bos68375final.pdf.

Study Material for CA Final May 2025 Exams

Following edition of study mat is relevant for the upcoming ICAI CA Final May 2025 examinations:-

CA Final Model Test Papers for May 2025

When preparing for the CA Final exams, practicing with Model Test Papers (MTPs) is crucial. ICAI releases MTPs regularly, and they are designed to simulate the actual exam experience.

They allow you to assess your preparation level, identify your strengths and weaknesses, and focus on areas that require more attention. Practicing with MTPs helps you develop effective time management strategies, which are essential for completing the exam within the allotted time.

Download ICAI official MTPs for May 2025 examinations:-

1. Model Test Papers Group I 
2. Model Test Papers Group II

MTPs help you get accustomed to the exam format, time constraints, and question patterns. CA coaching institutes often provide their own set of MTPs as part of their study packages. Solving MTPs helps reinforce your understanding of the concepts and improves your problem-solving skills.

Self Paced Online Modules for May 2025

The Institute of Chartered Accountants of India (ICAI) has implemented Self-Paced Online Modules (SPOM) as a part of the new scheme of education and training for CA Final students. These modules are designed to provide flexibility and enhance the learning experience.

The SPOM program is a modern approach to CA Final education, offering students the flexibility and resources they need to succeed. The SPOM program comprises four sets of modules:

1. SET A: Corporate and Economic Laws
2. SET B: Strategic Cost & Performance Management
3. Set C: Elective subjects.
   • Paper-1 : Risk Management
   • Paper-2: Sustainable Development and Sustainability Reporting
   • Paper-3 : Public Finance and Government Accounting
   • Paper-4 : The Insolvency and Bankruptcy Code, 2016
   • Paper-5: International Taxation
   • Paper-6 : The Arbitration and Conciliation Act, 1996
   • Paper-7 : Forensic Accounting
   • Paper-8 : Valuation
   • Paper-9 : Financial Services and Capital Markets
   • Paper-10 : Forex and Treasury Management
4. Set D: Multidisciplinary subjects.
   • Paper-1: The Constitution of India & Art of Advocacy
   • Paper-2: Psychology & Philosophy
   • Paper-3: Entrepreneurship & Start-up Ecosystem
   • Paper-4: Digital Ecosystem and Controls

Completion of the SPOMs is a mandatory part of the CA Final curriculum. SPOM allows students to learn at their own pace, which is particularly beneficial for those balancing studies with other commitments.