The Institute of Chartered Accountants of India (ICAI) has released the Suggested Answers for the CA Final May 2025 examinations. These are available for both the new syllabus and the old syllabus under the CA Final course.
ICAI publishes Suggested Answers twice a year, following each examination cycle. These documents serve as a valuable resource for CA Final students, offering guidance on how to effectively approach and answer exam questions. They also provide insights into the presentation, structure, and level of professionalism expected by ICAI at the Final level.
The Suggested Answers for previous exam sessions, including those up to May 2025, are now available on ICAI’s official website icai.org under the BoS Knowledge Portal.
CA Final Suggested Answer May 2025
The Institute of Chartered Accountants of India (ICAI) has released the CA Final Suggested Answers for the May 2025 examinations, covering both the new and old syllabi. These answers, compiled by the ICAI’s Board of Studies (BoS) faculty, serve as a valuable resource to help students understand the expected approach and quality of responses in the exams. A direct download link is available on AUBSP.com for easy access.
ICAI declares CA Final May 2025 result on 6th July 2025 and thereafter CA Institute shall upload suggested answers in July 2025.
GROUP I May 2025
Paper-2: Advanced Financial Management
Paper-3: Advanced Auditing, Assurance and Professional Ethics
GROUP II May 2025
Paper-4: Direct Tax Laws & International Taxation
Paper-6: Integrated Business Solutions
ICAI consistently publishes suggested answers for previous exam sessions, which are officially available on its website through the BoS Knowledge Portal.
CA Final Suggested Answer Nov 2024
GROUP I Nov 2024
Paper-1: Financial Reporting
Paper-2: Advanced Financial Management
Paper-3: Advanced Auditing, Assurance and Professional Ethics
GROUP II Nov 2024
Paper-4: Direct Tax Laws & International Taxation
Paper-5: Indirect Tax Laws
Paper-6: Integrated Business Solutions
CA Final Suggested Answer May 2024
GROUP I
- Paper-1: Financial Reporting
- Paper-2: Advanced Financial Management
- Paper-3: Advanced Auditing, Assurance and Professional Ethics
GROUP II
- Paper-4: Direct Tax Laws & International Taxation
- Paper-5: Indirect Tax Laws
- Paper-6: Integrated Business Solutions
CA Final Suggested Answer Nov 2023
Suggested Answers – Final Course – November 2023
- Group I
- Group II
- Paper-5: Strategic Cost Management and Performance Evaluation
- Paper-6A: Risk Management
- Paper-6B: Financial Services and Capital Markets
- Paper-6C: International Taxation
- Paper-6D: Economic Laws
- Paper-6E: Global Financial Reporting Standards
- Paper-6F: Multidisciplinary Case Study
- Paper-7: Direct Tax Laws and International Taxation
- Paper-8: Indirect Tax Laws
CA Final Suggested Answer May 2023
| CA Final May 2023 | Suggested Answers |
|---|---|
| Financial Reporting (FR) | Download |
| Strategic Financial Management (SFM) | Download |
| Advanced Auditing and Professional Ethics (AAPE) | Download |
| Corporate and Economic Laws (CEL) | Download |
| Strategic Cost Management and Performance Evaluation (SCMPE) | Download |
| Elective Subjects | 6A, 6B, 6C, 6D, 6E, 6F |
| Direct Tax Laws and International Taxation (DTLIT) | Download |
| Indirect Tax Laws (IDT) | Download |
CA Final Suggested Answer Nov 2022
| CA Final Nov 2022 | Suggested Answers |
|---|---|
| Financial Reporting (FR) | Download |
| Strategic Financial Management (SFM) | Download |
| Advanced Auditing and Professional Ethics (AAPE) | Download |
| Corporate and Economic Laws (CEL) | Download |
| Strategic Cost Management and Performance Evaluation (SCMPE) | Download |
| Elective Subjects | 6A, 6B, 6C, 6D, 6E, 6F |
| Direct Tax Laws and International Taxation (DTLIT) | Download |
| Indirect Tax Laws (IDT) | Download |
May 2022 CA Final Suggested Answer
| CA Final May 2022 | Suggested Answer |
|---|---|
| Paper-1 Financial Reporting (FR) | Download |
| Paper-2: Strategic Financial Management (SFM) | Download |
| Paper-3: Advanced Auditing and Professional Ethics (AAPE) | Download |
| Paper-4: Corporate and Economic Laws (CEL) | Download |
| Paper-5: Strategic Cost Management and Performance Evaluation (SCMPE) | Download |
| Paper-6: Elective Subjects | 6A 6B 6C 6D 6E 6F |
| Paper-7: Direct Tax Laws and International Taxation (DTLIT) | Download |
| Paper-8: Indirect Tax Laws (IDT) | Download |
CA Final Suggested Answer Dec 2021
New Syllabus
Group-I Suggested Answers Dec 2021
| Dec 2021 Group-I Subjects | Suggested Answer |
|---|---|
| Financial Reporting | Paper-1 |
| Strategic Financial Management | Paper-2 |
| Advanced Auditing and Professional Ethics | Paper-3 |
| Corporate and Economic Laws | Paper-4 |
Group-II Suggested Answers Dec 2021
| Dec 2021 Group-II Subjects | Suggested Answer |
|---|---|
| Strategic Cost Management and Performance Evaluation | Paper-5 |
| Risk Management | Paper-6A |
| Financial Services and Capital Markets | Paper-6B |
| International Taxation | Paper-6C |
| Economic Laws | Paper-6D |
| Global Financial Reporting Standards | Paper-6E |
| Multidisciplinary Case Study | Paper-6F |
| Direct Tax Laws and International Taxation | Paper-7 |
| Indirect Tax Laws | Paper-8 |
Old Syllabus
Group-I Suggested Answers Dec 2021
| Dec 2021 Group-I Subjects | Suggested Answer |
|---|---|
| Financial Reporting | Paper-1 |
| Strategic Financial Management | Paper-2 |
| Advanced Auditing and Professional Ethics | Paper-3 |
| Corporate and Allied Laws | Paper-4 |
Group-II Suggested Answers Dec 2021
| Dec 2021 Group-II Subjects | Suggested Answer |
|---|---|
| Advanced Management Accounting | Paper-5 |
| Information Systems Control and Audit | Paper-6 |
| Direct Tax Laws | Paper-7 |
| Indirect Tax Laws | Paper-8 |
CA Final Suggested Answer May 2021
| Group-I Papers July 2021 | Suggested Answers |
|---|---|
| Paper-1 | Financial Reporting |
| Paper-2 | Strategic Financial Management |
| Paper-3 | Advanced Auditing and Professional Ethics |
| Paper-4 | Corporate and Economic Laws |
| Group-II Papers July 2021 | Suggested Answers |
| Paper-5 | Strategic Cost Management and Performance Evaluation |
| Paper-6A | Risk Management |
| Paper-6B | Financial Services and Capital Markets |
| Paper-6C | International Taxation |
| Paper-6D | Economic Laws |
| Paper-6E | Global Financial Reporting Standards |
| Paper-6F | Multidisciplinary Case Study |
| Paper-7 | Direct Tax Laws and International Taxation |
| Paper-8 | Indirect Tax Laws |
CA Final Old Syllabus Suggested Answer July 2021
| Group-I July 2021 | Suggested Answers |
|---|---|
| Paper-1 | Financial Reporting |
| Paper-2 | Strategic Financial Management |
| Paper-3 | Advanced Auditing and Professional Ethics |
| Paper-4 | Corporate and Allied Laws |
| Group-II July 2021 | Suggested Answers |
| Paper-5 | Advanced Management Accounting |
| Paper-6 | Information Systems Control and Audit |
| Paper-7 | Direct Tax Laws |
| Paper-8 | Indirect Tax Laws |
New Syllabus Suggested Answer Nov 2020
| CA Final Group-I [New Syllabus] Nov 2020 | Suggested Answer |
| Paper-1: Financial Reporting | Download |
| Paper-2: Strategic Financial Management | Download |
| Paper-3: Advanced Auditing and Professional Ethics | Download |
| Paper-4: Corporate and Economic Laws | Download |
| CA Final Group-II [New Syllabus] Nov 2020 | Suggested Answer |
| Paper-5: Strategic Cost Management and Performance Evaluation | Download |
| Paper-6A: Risk Management | Download |
| Paper-6B: Financial Services and Capital Markets | Download |
| Paper-6C: International Taxation | Download |
| Paper-6D: Economic Laws | Download |
| Paper-6E: Global Financial Reporting Standards | Download |
| Paper-6F: Multidisciplinary Case Study | Download |
| Paper-7: Direct Tax Laws and International Taxation | Download |
| Paper-8: Indirect Tax Laws | Download |
Old Syllabus Suggested Answer Nov 2020
| CA Final Group-I [Old Syllabus] Nov 2020 | Suggested Answer |
| Paper-1: Financial Reporting | Download |
| Paper-2: Strategic Financial Management | Download |
| Paper-3: Advanced Auditing and Professional Ethics | Download |
| Paper-4: Corporate and Allied Laws | Download |
| CA Final Group-II [Old Syllabus] Nov 2020 | Suggested Answer |
| Paper-5: Advanced Management Accounting | Download |
| Paper-6: Information Systems Control and Audit | Download |
| Paper-7: Direct Tax Laws | Download |
| Paper-8: Indirect Tax Laws | Download |
CA Final New Syllabus Group-wise Suggested Answer
Download group wise i.e. both groups (Group-I and Group-II) CA Final suggested answers under news syllabus from Nov 2019 to January 2021.
- Group-I
- January, 2021
- November, 2020
- November, 2019
- Group-II
Suggested Answer May 2019 [Old Course]
- January 2021 attempts Group-1 old syllabus CA Final suggested answers
- January 2021 attempts Group-2 old syllabus CA Final suggested answers
- Download Group-1 old syllabus CA Final suggested answer Nov 2020
- Download Group-2 old syllabus CA Final suggested answer Nov 2020
- Group-1 CA Final suggested answers Nov 2019 of old syllabus
- Group-2 CA Final suggested answers Nov 2019 of old syllabus
- Click here to download Group-1 old syllabus CA Final suggested answer May 2019
- Click here to download Group-2 old syllabus CA Final suggested answer May 2019
Download Suggested Answers of Past 2 Years
Suggested Answers May 2019 – Dec 2021 Exams:
You may click on the following officially hosted links to download suggested answers of CA Final Course Nov 2020 to Dec 2021 examinations:
Paper – 1: Financial Reporting [Download Now]
Paper – 2: Strategic Financial Management [Download Now]
Paper – 3: Advanced Auditing and Professional Ethics [Download Now]
Paper – 4: Corporate and Allied Laws [Download Now]
Paper – 5: Advanced Management Accounting [Download Now]
Paper – 6: Information Systems Control and Audit [Download Now]
Paper – 7: Direct Tax Laws [Download Now]
Paper – 8: Indirect Tax Laws [Download Now]
The above suggested answers shall help you in your second round of study i.e. your first revision should cover practice of suggested answers of recent three to five examinations.
Hence, you shall get an idea of what type of questions are asked in the CA Final examination and how to solve and present the solution for such questions in the examination.
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