ICAI committee to look into exam process
New Delhi: The Institute of Chartered Accountants of India (ICAI) has decided to constitute a high-level independent committee to look into the examination process regulations governing the CA examinations.
The decision by the institute follows protest by students alleging that the evaluation process is faulty. The students have been protesting outside the office for the past few days.
It is a five-member committee with two former presidents of ICAI, a former judge of Supreme Court of India, Anil R Dave, PC Jain as the government nominee and educationist Girish Ahuja. Rakesh Sehgal, the acting secretary of ICAI, is the secretary of the committee.
The statement by the institute said, “ICAI has decided to constitute a committee to look into the processes, including Regulation 39(4) of the Chartered Accountants Regulations, 1988 and suggest changes wherever required.”
The president of the ICAI, Prafulla Chhajed, addressed a press conference on Thursday and stressed that the evaluation process followed by ICAI ensures multiple levels of monitoring for quality evaluation of answersheets. “Students will be given an opportunity to appear before the committee. They can also provide a roadmap of the changes they want to bring in the examination and evaluation process,” he said. According to the administration, despite the protest, just 130 students had applied for rechecking.