The Institute of Chartered Accountants of India (ICAI) has declared the results for the CA Foundation exam for the June 2024 session. Out of the 91,900 candidates who appeared for the exam, only 14.96% passed. Candidates can access their results online through the official websites icai.org or icai.nic.in by entering their registration and roll numbers. The results do not include any pass certificates or merit lists. However, candidates have the option to apply for certified copies of their evaluated answer books for a fee of Rs 500 per paper.
ICAI CA Foundation Result June 2024: Passing Percentage Drops to 14.96%
The Institute of Chartered Accountants of India (ICAI) has announced the results of the CA Foundation exam for the June 2024 session. The results show a significant drop in the passing percentage, which stands at a mere 14.96%. Out of the 91,900 candidates who appeared for the exam, only 13,722 passed.
This is the lowest passing percentage recorded in the last five years. In June 2023, the passing percentage was 18.01%, while in June 2022, it was 17.66%. The decline in the passing percentage has raised concerns about the quality of education and training provided to CA Foundation students.
Background
The CA Foundation exam is the first level of the Chartered Accountancy (CA) course. It is a three-hour exam conducted twice a year, in June and December. Candidates who pass the exam are eligible to register for the CA Intermediate exam.
The CA course is one of the most prestigious and recognized professional qualifications in India. Chartered Accountants are highly sought-after in both the public and private sectors.
Top 5 FAQs
1. What is the passing percentage for the CA Foundation exam in June 2024?
The passing percentage for the CA Foundation exam in June 2024 is 14.96%.
2. How can I check my CA Foundation exam result?
Candidates can check their CA Foundation exam result online through the official website of ICAI, icai.org or icai.nic.in. You will need to enter your registration number and roll number to access your result.
3. What if I have failed the CA Foundation exam?
Candidates who have failed the CA Foundation exam can re-appear for the exam in the next session. You will need to register again for the exam and pay the required fees.
4. Can I apply for a re-evaluation of my CA Foundation exam paper?
Yes, candidates who are not satisfied with their CA Foundation exam result can apply for a re-evaluation of their paper. The re-evaluation process involves a review of your answer book by a panel of experts.
5. What is the scope of a career in Chartered Accountancy?
Chartered Accountants are highly sought-after professionals in both the public and private sectors. They can work in various roles, including accounting, auditing, taxation, and financial management.
Conclusion
The drop in the passing percentage for the CA Foundation exam in June 2024 is a cause for concern. It is important for ICAI to take steps to improve the quality of education and training provided to CA Foundation students. This will help to ensure that more candidates are successful in the exam and that the CA profession continues to attract the best and brightest talent.
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