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Exam Highlights
  • Exam Name
    Indian Audit and Accounts Service (IAAS)
  • Exam Frequency
    Once a year
  • Official Website
    https://cag.gov.in/
  • Medium of the exam
    English/ Hindi
  • Exam Dates
    IAAS Main Examination September 16, 2022, to September 25, 2022,
Exam Dates
  • Official Notification
    February 02, 2022
  • Start of Registration Process
    February 02, 2022
  • End of Registration Process
    February 22, 2022,
Eligibilty Criteria

Candidates need to fulfill the eligibility criteria for the Indian Audit and Accounts Service (IAAS). The eligibility criteria have three components:

IAAS Age Limit 2022

The eligibility criteria for the IAAS Exam in the age limit are as follows:

  • Candidates from the General Category applying for the IAAS Exam must be between a minimum of 21 years and a maximum of 30 years.
  • Relaxation of 5 years in the upper age limit for the SC/ ST candidates.
  • Relaxation of 3 years in the upper age limit for the OBC candidates.
  • Relaxation of 5 years in the upper age limit for a candidate from the State of Jammu & Kashmir
  • Relaxation of 5 years in the upper age limit for Defence Services Personnel
  • Relaxation of 5 years in the upper age limit for Ex-servicemen including Commissioned officers and ECOs/ SSCOs who have rendered at least 5 years of Military Service and have been released.
  • Relaxation of 5 years in the upper age limit for ECOs/ SSCOs who have completed an initial period of assignment of 5 years of Military Service.
  • Relaxation of 10 years in the upper age limit for Blind, Deaf-Mute, and Orthopedically Handicapped Persons.

IAAS Educational Qualification 2022

To be eligible for the IAAS Exam, one must qualify for one of the following criteria under Educational Qualification. The criteria are –

  • Candidate must hold a Bachelor’s Degree from any of the recognized universities.
  • Candidates who have appeared for the qualifying examination and are awaiting results or those who are yet to appear for the qualifying examination are also eligible for the Preliminary Examination. Such candidates have to produce proof of passing the said examination along with the application for the Main Examination.
  • Candidates with professional and technical qualifications recognized by the Government or its equivalent are also eligible to apply.
  • Candidates who have passed the final year of MBBS or any Medical Examination but are yet to complete the internship can also appear for the Main Examination. However, they must submit a certificate from the concerned University that they have passed the final professional medical examination.

IAAS Nationality 2022

Candidates applying must fit any one of the following conditions/ criteria:

  • A Citizen of India
  • A subject of Nepal
  • A subject of Bhutan
  • A candidate who is a Tibetan refugee who shifted to India before January 1, 1962, and intends to permanently settle in India.
  • Candidates with an Indian origin migrated from Pakistan, Burma, Sri Lanka, or East African Countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, and Ethiopia or Vietnam intending to permanently settle in India.
Exam Pattern

IAAS Exam is conducted in two levels – Prelims and Main Exam. Aspirants should have proper knowledge of the Exam Patterns to prepare efficiently for the exam.

IAAS Exam Pattern For Prelims

The Exam Pattern for Prelims is as follows:

Paper Marks Time Duration Language Option
Paper – 1 200 Marks 120 minutes Hindi/ English
Paper – 2 200 Marks 120 minutes Hindi/ English

IAAS Exam Pattern For Mains

The Exam Pattern for Mains is as follows:

Paper Subject Total Marks
Paper A Optional Language Subject 300 Marks
Paper B English 300 Marks
Paper To be Counted For Merit (Ranking)
Paper 1 Essay 250 Marks
Paper 2 General Studies 1 250 Marks
Paper 3 General Studies 2 250 Marks
Paper 4 General Studies 3 250 Marks
Paper 5 General Studies 4 250 Marks
Paper 6 Optional Subject Paper – 1 250 Marks
Paper 7 Optional Subject Paper – 2 250 Marks
Subject Total (Written Test) 1750 Marks
Personality Test 275 Marks
Grand Total 2025 Marks
Syllabus

The candidates planning to appear for IAAS Exam 2022 should know the accurate syllabus for both exams beforehand.

IAAS Syllabus For Prelims

The syllabus is given below

IAAS Prelims Syllabus For General Studies Paper 1

  • Current events of national and international importance.
  • History of India and Indian National Movement.
  • Indian and World Geography-Physical, Social, Economic Geography of India and the World.
  • Indian Polity and Governance-Constitution, Political System, Panchayati Raj, Public Policy, Rights Issues, etc.
  • Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc.
  • General issues on Environmental ecology, Bio-diversity, and Climate Change - that do not require subject specialization.
  • General Science

IAAS Prelims Syllabus For General Studies Paper 2

  • Comprehension Interpersonal skills including communication skills.
  • Logical reasoning and analytical ability.
  • Decision-making and problem-solving.
  • General mental ability.
  • Basic numeracy (numbers and their relations, orders of magnitude, etc.) (Class X level).
  • Data interpretation (charts, graphs, tables, data sufficiency, etc. — Class X level).

IAAS Mains Syllabus

The syllabus is given below:

Topic Syllabus
Compulsory Papers
Business Mathematics & Statistics (Paper D)
  • Ratio and Proportion with simple applications.
  • A.P., G.P., Convergence, and Divergence of G.P. series.
  • Permutations
  • Combinations
  • Logarithm
  • Compound interest and Annuities
  • Set Theory
  • Correlation and Regression
  • Index Numbers
  • Interpolation
  • Measures of Central Tendency
  • Measures of dispersion
Auditing (Paper E)
  • Definition and Scope of Auditing.
  • Classification of Auditing.
  • Divisible Profits.
  • Divisible profits and Dividend-concept.
  • Treatment of Depreciation.
  • Reserve and Provision.
  • Auditor’s report and certificate.
  • Concept of True and Fair view-Materiality.
Optional Papers
Macro Economics (Paper A1)
  • Macro Economics
  • Public Finance
  • Principles of Taxation and government expenditure-benefit approach.
  • The excess burden of taxes
  • Development of Federal Finance in India-The constitutional arrangements.
  • Finance Commissions.
Indian Finance System (Paper A2)
  • Financial system
  • Capital Market
  • Interest Structure
  • Money Market
  • Financial Services
  • Other Financial Institutions.
Economics Principles and Indian Economic Problems (Paper A3)
  • Basics of demand and supply
  • Introduction
  • Theory of Production
  • Theory of Cost
  • Issues in the Indian Economy
  • Indian Economic Planning
Business Regulatory Framework (Paper B1)
  • Indian company Law
  • Sales and Goods Act
  • Indian Partnership Act
  • The Indian Contract Act
Cost and Management Accounting (Paper B2)
  • Definition of Material Cost
  • Classification of Material Cost
  • Materials Purchase Procedures
  • Different types of stock levels
  • Economic Order Quantity
  • Methods of Pricing of issues of Materials
  • Motor Transport Costing
  • Hotel Costing
  • Single or Output costing etc.
Advance Accountancy (Paper B3)
  • Nature of Accounting
  • Insurance Claims
  • Branch Accounting
  • Valuation
  • Company Final Accounts
  • Introduction to Accounting standards
  • Cash Flow Statement
  • Ratio Analysis
Business Management (Paper C1)
  • Evolution of Management
  • Management and society
  • Planning
  • Organization
  • Staffing
  • Leading
  • Motivation
  • Control
Direct and Indirect Taxation (Paper C2)
  • Income Tax Act
  • Sales Act
  • Service Act
  • Central Excise Act
Information Technology and Application in Business (Paper C3)
  • Fundamentals of computer
  • Date organization and Database management system
  • Date Communication and computer network
  • Introduction to the Internet
  • Security Issues
  • E-Payment
  • Introduction to ERP

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