On July 18, the Institute of Chartered Accountants of India (ICAI) declared the Chartered Accountants final examination and Common Proficiency Test (CPT) results. Raj Paresh Sheth from Dombivali has been announced to bag AIR1. His total score was 630 off 800 marks.The second rank is secured by Agathiswaran S from Vellore at 75.25% and third by Mumbai’s Krishna Pawan Gupta at 75.13%. Result has been updated on ICAI’s official website.
It is the candidates students who secure minimum 55% marks and up to 50th rank in the final exam who make it to the merit list. The reports say that 1,32,007 candidates took the exam for the CA Final in May 2017. The exams are taken in 2 groups and the pass percentage for the Final exam is different for each one of them, i.e., 13.62% for Group I and 16.2% for Group II.
The exam was held at 372 centres all around the planet. Te he pass percentage for the May’17 exam rests at 22.98%, qualifying about 34,500 candidates, as per the sources. Of these, about 41,370 are from Group I and 38,480 from Group II. The candidates who are not satisfied with the result have the option to apply for revaluation/verification of marks and can opt for disclosure of answer sheets.
The newly qualified CAs will be expecting campus placements in August or September of this year. Different cities have been allotted different dates.
The CA exam has been conducted twice a year in the months of May/June and November/December, all the way back since December 1949. The President of ICAI, CA. Nilesh S. Vikamsey stated on the occasion, “Success is no accident, It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing.”
Inspiring the aspirants and qualifiers all over, he further continued, “The nation has high hopes from Chartered Accountants as they are multidimensional professionals having expertise and knowledge to handle today’s robust corporate dynamics. Be honest, sincere, truthful, humble and polite. Be mindful of your thoughts and actions. Remember that you are respected for your character first and then for your achievements.”