TNFMumbai/ TNF
The Institute of Chartered Accountants of India (ICAI) recently announced the results of the September Foundation and Intermediate exams, with girls taking the top spots. Mumbai’s Parmai Umesh Parekh secured first place in the Intermediate category with an impressive 80.67% score, while Tanya Gupta from Chennai took the second spot with 76.50%. Vidh Jain from Delhi achieved the third position, scoring 73.50%.
The ICAI Intermediate exam, which is divided into Group 1 and Group 2, saw thousands of students participating. In Group 1, out of 69,227 students, 10,505 successfully passed, resulting in a pass percentage of 15.17%. In Group 2, 50,760 students appeared, with 8,117 clearing the exam, giving it a pass percentage of 15.99%. For those who attempted both groups, 23,482 students took the exam, and 1,330 passed, marking a pass percentage of 5.66%.
The ICAI also released the Foundation exam results, which showed a slightly higher pass rate. A total of 70,437 students appeared for the Foundation exam, with 13,858 declared successful, bringing the pass percentage to 19.67%. Male students performed notably well, with a pass percentage of 18.76%, while female students outpaced them slightly with a pass rate of 20.47%.
This year’s results are remarkable for the prominence of female students, who took the top three positions in the Intermediate category. Girls’ outstanding performances underscore their growing representation and success in the field of accountancy.
What is ICAI?
The Institute of Chartered Accountants of India (ICAI) is one of the most prestigious accounting bodies in the country and plays a vital role in regulating the profession of chartered accountancy. Established in 1949, ICAI operates under the Ministry of Corporate Affairs and is responsible for setting accounting standards, providing professional education and training, and ensuring ethical practices among chartered accountants in India. Becoming a Chartered Accountant (CA) through ICAI is considered a significant achievement and opens up numerous career opportunities in accounting, auditing, finance, and business consultancy.
Importance of ICAI Certification
The ICAI certification process is rigorous, involving multiple levels of exams and training, including Foundation, Intermediate, and Final exams, along with practical experience. Passing ICAI exams signifies a high level of proficiency in accounting, taxation, and financial management. ICAI-qualified professionals are in demand not only in India but also globally, as Indian Chartered Accountants are recognized for their expertise and integrity.
This certification is not just an educational milestone but a professional license that allows individuals to provide financial guidance, audit services, and consultancy in various sectors. Given the critical role of chartered accountants in ensuring financial transparency and compliance, ICAI’s role in maintaining high standards is essential for both the profession and the Indian economy.
The recent exam results showcase ICAI’s commitment to fostering talent and reinforcing the profession’s standards, and with such remarkable results, particularly from female students, the future of accountancy looks bright and inclusive.
