The CA Final examination results – released on January 15, 2014 – have seen a drastic fall in the success rate, with only 3.11 per cent of the total 32,536 aspirants having passed. The CA Final exams are conducted twice a year by the Institute of Chartered Accountants of India (ICAI) for certification as a Chartered Accountant. The examinations were last held from November 5, 2013 to November 21, 2013. The November 2013 exam results have shown a success rate of a mere 3.11 per cent, a drop from the success rate of 10.03 per cent in the May 2013 exams.
The recent November 2013 exam results have had the lowest success rate from the past three years. For the November 2012 final exams, the pass rate was 12.97 per cent, a decrease from the 16.38 pass rate for the May 2012 exams.
ICAI president Subodh Agrawal, in a statement says one cannot attribute the lower success rate to any one reason. The CA exam reflects the performance of students. “The low success rate could not be blamed on any recent changes in curriculum or pattern as the curriculum was changed at least five years ago. The content in the question paper was totally from the study material provided to the students. Students have scored on what they have written,” he added.
The next CA final examinations for May 2014 are set to begin from May 21.