Saturday, August 14, 2010


We wish to congratulate ICAI for undertaking several new initiatives to up-grade quality of the profession of Chartered Accountants significantly. One of those is up gradation of Examination process. The examination results of last 3-4 attempts have indicated that ICAI is committed to pass
all the students who achieve a level of excellence in professional knowledge, concept and their application. The changing trends of the CA examination have ensured that only those who undertake their training more seriously are able to pass the examination more easily. Practical and case study oriented outlook given to the examination process is a step in the right direction and the level of examination papers indicate high caliber of those who are involved in the examination process. The students need to concentrate with full energy on practical training as well as understanding the concept and principles and how these are going to be applied. The revised study material, revision test papers, suggested answers, ICAI publications including Accounting Standards, Standards on
Auditing, Guidance notes and compendium of opinion require detailed study. Most importantly in-depth study of various text books and reference books will enable development of necessary competence and capability to easily pass the chartered accountancy examination. The current trend of only taking oral classes and depending primarily on notes/small (brief and precise) books is one major reason for low success rate in the examination. The lack of concentration and devotion in practical training is another major reason. We are happy to note that ICAI Council and the Board of
Studies are committed to significantly improve the capacity and capability of the students by introducing virtual classroom, mandatory classroom teaching, intensive interaction and facilitation to improve conceptual clarity and understanding of principles and their application among CA students. The dummy training is the biggest enemy of the CA profession and we call upon Chartered Accountants in practice to ensure that this disease is completely eradicated. CA students are most important members of our family and all of us need to spend adequate time, energy and resources for their overall development and growth including directly helping them in improving their understanding so that they can pass the examination with flying colour.


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