The low pass percentage in the latest CA final exams is causing the supply of good chartered accountants to stay low
Call it a result of the economic downturn, the Satyam effect or simply turning off the tap by the Institute of Chartered Accountants of India (ICAI). The Chartered Accountancy final examination results touched a record low in the November 2009 attempt. The CA exam is clubbed into two groups of four subjects each. Of the 18,502 students who appeared for both groups, only 1,454 passed. That is a pass percentage of 7.86 percent. Now compare this with the November 2007 results; a time when the economy was rocking. Of the 8,654 students who appeared for both groups, 2,446 cleared the exam. That’s almost 28.26 percent.
Correction: This article has been updated. The CA exam is clubbed into two groups of four subjects each and not three as stated earlier.
(This story appears in the 19 February, 2010 issue of Forbes India. To visit our Archives, click here.)