ICAI CA Result May 2024 Analysis, Over 20,000 New CAs with New Scheme
ICAI released the CA Result May 2024, showing significant improvement in pass rates under the new education scheme. Check the key highlights and insights from these results.
Mridula Sharma12 Jul, 2024
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CA Result May 2024 Analysis: The Institute of Chartered Accountants of India (ICAI) released the CA May 2024 Final and Intermediate results on July 11. These results are available on the official ICAI website, icai.nic.in. This was the first set of exams conducted under the new CA education and training scheme introduced in 2022, which included updated syllabuses and revised question patterns.
The new scheme has led to better results compared to previous years. The pass percentage has increased significantly, with over 20,000 new Chartered Accountants qualifying this session, compared to just 8,650 in the previous session.CA Result May 2024 Analysis
The Institute of Chartered Accountants of India (ICAI) announced the CA May 2024 results for Final and Intermediate exams on July 11. These exams were the first under the new education and training scheme introduced in 2022, featuring updated syllabuses and revised question patterns. The new scheme significantly improved results, with the pass percentage rising notably. This session saw over 20,000 candidates qualifying as Chartered Accountants, compared to just 8,650 in the previous session. CA Result May 2024 are available on the ICAI official website, icai.nic.in. This marked a significant milestone in the CA qualification process in India.CA Final Pass Percentage May 2024 Analysis
In the CA Final May 2024 exams , 74,487 candidates took Group 1 and 58,891 candidates took Group 2. The pass rates were 27.35% for Group 1 and 36.35% for Group 2. This is a significant improvement from the last session, where only 9.46% passed Group 1 and 21.6% passed Group 2. For candidates who appeared in both groups, the overall pass rate also increased from 9.42% to 19.88%.
| CA Final Pass Percentage May 2024 Analysis | |||
|---|---|---|---|
| Particulars | No. of Candidates Appeared | No. of Candidates Passed | Pass Percentage |
| CA Final May 2024 | |||
| Group I | 74,887 | 20,479 | 27.35% |
| Group II | 58,891 | 21,408 | 36,35% |
| Both Groups | 35,819 | 7122 | 19.88% |
| CA Final November 2023 | |||
| Group I | 65,294 | 6176 | 9.46 |
| Group II | 62,679 | 13520 | 21.6 |
| Both Groups | 32,907 | 3090 | 9.42 |
CA Intermediate Pass Percentage May 2024 Analysis
The CA Intermediate results for May 2024 showed a notable increase in pass rates. These exams were conducted under the new education and training scheme. Historically, the pass rates for the CA Intermediate , the second stage of the CA program, have been low. For Group 1 of CA Intermediate, 1.17 lakh candidates took the exam, with 27.15% passing. This is a significant improvement compared to the 16.78% pass rate in the previous session. However, the pass percentage for Group 2 saw a slight decrease, from 19.18% to 18.28%. Despite this, the overall pass rate for candidates who took both groups doubled from the previous exam.
| CA Intermediate Pass Percentage May 2024 Analysis | |||
|---|---|---|---|
| Particulars | No. of Candidates Appeared | No. of Candidates Passed | Pass Percentage |
| CA Intermediate May 2024 | |||
| Group I | 74,887 | 20,479 | 27.35% |
| Group II | 58,891 | 21,408 | 36,35% |
| Both Groups | 35,819 | 7122 | 19.88% |
| CA Intermediate November 2023 | |||
| Group 1 | 1,17,304 | 19,686 | 16.78 |
| Group 2 | 93,638 | 17,957 | 19.18 |
| Both groups | 53,459 | 5,204 | 9.73 |
Key Highlights and Insights from CA Result May 2024
The CA Result May 2024 have set a new benchmark, demonstrating the positive impact of the updated education and training scheme. With a significant increase in the pass percentages across both CA Final and Intermediate exams, the new scheme has proven effective in better preparing candidates. This shift not only highlights the evolving nature of the CA qualification process but also underscores the importance of continuous improvement in educational standards. The increase in successful candidates is a promising sign for the future of the accounting profession in India.Factors Contributing to Improved CA Pass Rates
The significant improvement in pass rates for the CA May 2024 exams can be attributed to several factors. The new education and training scheme introduced in 2022 brought about a comprehensive overhaul of the syllabus, making it more relevant to current industry standards. The revised question patterns also played a crucial role, allowing candidates to better demonstrate their understanding and application of concepts. Moreover, increased access to quality study materials and online resources has empowered students to prepare more effectively. The introduction of regular mock tests and interactive learning sessions has further enhanced their readiness for the exams. These factors combined have contributed to a more supportive and effective learning environment, leading to higher pass rates.CA Result May 2024 Analysis FAQs
When were the CA May 2024 results announced?
The CA May 2024 Final and Intermediate results were announced by ICAI on July 11.
Where can I check the CA May 2024 results?
The results are available on the official ICAI website, icai.nic.in.
What changes were introduced in the new CA education and training scheme?
The new scheme, introduced in 2022, features updated syllabuses and revised question patterns.
How many new Chartered Accountants qualified in the May 2024 session?
Over 20,000 new Chartered Accountants qualified in the May 2024 session.
What was the pass rate for Group 1 of CA Final May 2024 exams?
The pass rate for Group 1 of the CA Final May 2024 exams was 27.35%.
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