How many papers are in the CA Final syllabus?

There are six papers of 100 marks each under the new scheme. Group 1 has Financial Reporting, Advanced Financial Management, and Advanced Auditing, Assurance and Professional Ethics. Group 2 has Direct Tax Laws and International Taxation, Indirect Tax Laws, and Integrated Business Solutions.

Which Income-tax Act applies to Paper 4?

ICAI has said the Income-tax Act, 2025 will be tested from the May 2027 examination onwards. For earlier attempts, follow the law and assessment year that ICAI specifies in its study material and Revision Test Papers for that attempt.

Where can I find the official CA Final syllabus?

ICAI publishes the syllabus through its paper-wise study material and modules under the New Scheme of Education and Training on icai.org. Use that material, plus the Revision Test Papers for your attempt, as the final reference.

Which CA Final papers should I start with?

Most candidates begin with the conceptual and calculation-heavy papers, Financial Reporting and Advanced Financial Management, then add Audit and the two tax papers. Keep Integrated Business Solutions for after you have covered the other papers.

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CA Final Syllabus 2026: Paper-Wise Topics Guide

Q: Is there a separate syllabus for Paper 6, Integrated Business Solutions?

Paper 6 is a multidisciplinary open-book case-study paper. It does not have a chapter list of its own, because a case can draw on financial reporting, financial management, audit, tax, laws, strategy, governance, ethics and ESG assurance. Preparing the other five papers is the base for it.

The CA Final syllabus covers six papers in two groups under ICAI's New Scheme of Education and Training. Group 1 is built around financial reporting, financial management and audit. Group 2 covers direct tax, indirect tax and an integrated case-study paper. This guide lists the modules paper by paper so you can plan your study order.

ICAI does not publish one flat topic list for Final. It issues the syllabus through its paper-wise study material and modules. The Paper 1 chapter list below is taken from the ICAI study material page for May 2026 and onwards. For the other papers, the topic lists are compiled from the reported ICAI syllabus, so treat them as a working checklist and match them against the ICAI study material for your attempt.

CA Final syllabus at a glance
Key changes to know
Group 1 syllabus
Group 2 syllabus
Overlap between papers
Self-Paced Online Modules and the syllabus
How to cover the syllabus

CA Final Syllabus at a Glance

Group	Paper	Subject	Marks	Time
Group 1	Paper 1	Financial Reporting	100	3 hours
Group 1	Paper 2	Advanced Financial Management	100	3 hours
Group 1	Paper 3	Advanced Auditing, Assurance and Professional Ethics	100	3 hours
Group 2	Paper 4	Direct Tax Laws and International Taxation	100	3 hours
Group 2	Paper 5	Indirect Tax Laws	100	3 hours
Group 2	Paper 6	Integrated Business Solutions	100	4 hours

Key Changes to Know

Six papers: The new scheme has six Final papers. Corporate and economic laws and strategic cost and performance management are now handled through the Self-Paced Online Modules rather than as Final papers.
Twice a year: Final is held in May and November from May 2026, so syllabus planning is built around two attempts a year.
Income-tax Act, 2025: ICAI has said Paper 4 will test the new Act only from the May 2027 examination onwards. Until then, follow the law that ICAI specifies for your attempt in its study material and Revision Test Papers.
Paper 6 is integrated: It is an open-book case-study paper that tests several subjects together, so it has no chapter list of its own.

Older pages may still show the earlier eight-paper structure, so follow the ICAI study material for the scheme you are under.

Group 1 Syllabus

Paper 1: Financial Reporting

Paper 1 is the Ind AS paper. ICAI organises it into five modules.

Module	Chapters
Module 1	Introduction to Ind AS; Conceptual Framework; Ind AS on presentation (Ind AS 1, 34, 7); Ind AS on measurement and accounting policies (Ind AS 8, 10, 113)
Module 2	Ind AS on assets (Ind AS 2, 16, 23, 36, 38, 40, 105, 116)
Module 3	Ind AS on liabilities (Ind AS 19, 37); items affecting financial statements (Ind AS 12, 21); disclosures (Ind AS 24, 33, 108)
Module 4	Ind AS 115 Revenue from Contracts with Customers; other Ind AS (41, 20, 102); accounting and reporting of financial instruments
Module 5	Ind AS 103 Business Combinations; consolidated and separate financial statements; Ind AS 101 First-time Adoption; analysis of financial statements; professional and ethical duty of a CA; accounting and technology

Consolidation, financial instruments, business combinations and revenue recognition are the chapters that usually need the most practice, because they combine long calculations with standard-specific rules.

Paper 2: Advanced Financial Management

Strategy and risk: Financial policy and corporate strategy; risk management; advanced capital budgeting decisions.
Markets and securities: Security analysis; security valuation; portfolio management; securitization; mutual funds.
Derivatives and currency: Derivatives analysis and valuation; foreign exchange exposure and risk management; international financial management; interest rate risk management.
Corporate finance: Business valuation; mergers, acquisitions and corporate restructuring; startup finance.

Paper 3: Advanced Auditing, Assurance and Professional Ethics

Module	Topics
Module 1	Quality control; general auditing principles and auditor responsibilities; audit planning, strategy and execution; materiality, risk assessment and internal control; audit evidence; completion and review; reporting
Module 2	Specialised areas; related services; review of financial information; prospective financial information and other assurance services; digital auditing and assurance; group audits; special features of audit of banks and NBFCs
Module 3	Audit of public sector undertakings; internal audit; due diligence, investigation and forensic accounting; SDG and ESG assurance; professional ethics and liabilities of auditors

Group 2 Syllabus

Paper 4: Direct Tax Laws and International Taxation

Module	Topics
Module 1	Basic concepts; incomes not forming part of total income; profits and gains of business or profession; capital gains; income from other sources; clubbing of income; set-off and carry forward of losses; deductions from gross total income
Module 2	Assessment of various entities; trusts, institutions and political parties; tax planning, avoidance and evasion; taxation of digital transactions
Module 3	Deduction, collection and recovery of tax; income tax authorities; assessment procedure; appeals and revision; dispute resolution; offences and penalties; tax audit and ethical compliance
Module 4	Non-resident taxation; double taxation relief; advance rulings; transfer pricing; fundamentals of BEPS; tax treaties and model conventions; latest developments in international taxation

Paper 5: Indirect Tax Laws

Paper 5 has two parts: Goods and Services Tax, and Customs and Foreign Trade Policy (FTP).

GST, Module 1: Supply, charge of GST, place of supply, exemptions, time of supply and value of supply.
GST, Module 2: Input tax credit, registration, invoices and credit or debit notes, records and e-way bill, payment of tax, e-commerce and returns.
GST, Module 3: Imports and exports, refunds, job work, assessment and audit, inspection and search, demand and recovery, offences and penalties, appeals and advance ruling.
Customs and FTP: Levy and exemptions, types of duty, classification, valuation, importation and exportation, warehousing, refund and Foreign Trade Policy.

Paper 6: Integrated Business Solutions

Paper 6 is a multidisciplinary case-study paper with strategic management. A case can draw on financial reporting, financial management, audit, direct and indirect tax, corporate and economic laws, strategic cost management, business strategy and risk management, corporate governance and ethics, and SDG and ESG assurance. Treat it as a paper you prepare for by finishing the other five first.

Overlap Between Papers

Area	Papers it appears in	How to plan
Ind AS and financial statements	Paper 1, Paper 3, Paper 6	Learn the standard in Paper 1, then see how an auditor and a case-study reader would test it.
Valuation, mergers and restructuring	Paper 1, Paper 2, Paper 6	Study the accounting side and the financial side together.
Tax planning and compliance	Paper 4, Paper 5, Paper 6	Revise direct and indirect tax together before attempting integrated cases.
Ethics and governance	Paper 1, Paper 3, Paper 6	Keep one set of short notes and add case examples each time.

Self-Paced Online Modules and the Syllabus

The Self-Paced Online Modules (SPOM) are separate qualifying requirements for many candidates. They are not exam papers and do not carry Final marks. Which sets you must clear depends on your batch, so check your SSP status on the ICAI New Scheme of Education and Training page and your login.

How to Cover the CA Final Syllabus

Phase 1, first pass: Finish the ICAI modules for Papers 1 to 5 in the order that suits your group, with practice questions at the end of each chapter.
Phase 2, consolidate: Make short notes and an amendments sheet for the tax papers, and revisit weak chapters.
Phase 3, topic-wise practice: Attempt chapter-wise and module-wise tests with a time limit, and log every mistake.
Phase 4, Paper 6 and integration: Practise case studies that mix subjects, in the open-book, four-hour format.
Phase 5, full papers: Write full-length papers by hand, analyse them the same day and revise the error log.

For timed practice in the current pattern, you can attempt CA Final online tests on Testkart and use the paper-wise analysis to decide which modules to revisit.

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