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FAQs regarding CFAP and MSA

Frequently Asked Questions related to Certified Finance and Accounting Professional (CFAP) Examination
Q.1 In how many papers a student can appear in a single attempt, at CFAP stage?
A.1 A student may appear in as many papers as he/she wants at a time at CFAP stage.
Q.2 What is the deadline for opting for CFAP structure for students in transition registered under CA Final structure?
A.2 Existing students of CA Final can opt for CFAP structure till Winter 2017 attempt. Afterwards all students will be transferred to CFAP structure automatically.
Frequently Asked Questions related to Multi Subject Assessment (MSA) Papers
Q.1 What will be the time duration of MSA papers?
A.1 Duration of each MSA paper would be 4 hours.
Q.2 What is the structure of MSA papers?
A.2 There will be one 50 marks question and two 25 marks question in each MSA paper.
Q.3 What is the eligibility to appear in MSA papers?
A.3 MSA – 1 could be attempted after passing or getting exemption from  the following papers:
  1. CFAP-1: Advanced Accounting and Financial Reporting
  1. CFAP-6: Audit, Assurance and Related Services
MSA – 2 could be attempted after passing or getting exemption from  the following papers:
  1. CFAP-3: Business Management and Strategy
  1. CFAP-4: Business Finance Decisions