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SHAILY GUPTA (TAX CONSULTANT) (106 Points)

10 March 2017

i failed in nov 16 final exam due to aggregate. i applied for certified copy after checking the certified copy i come to know that eventhough i have the exact answer of some the sum in ama-costing . i have got the average marks. i wnt to know that , should i should go for Discrepancy or leave it as it is?? there is no totalling error &no carrying over of marks from inside to the cover page of the answer book, no question or part thereof has remained unevaluated... reply urgent .. i m very dipresssed..

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6 Replies

Suresh Pai S (Tax Consultant) (1029 Points)
Replied 10 March 2017

There is no revaluation by ICAI. Only way is to go for a suit. But doesn't think it is going to work. Because we have already agreed to their terms. You need to consult a lawyer.

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Suresh Pai S (Tax Consultant) (1029 Points)
Replied 10 March 2017

I have discussed these issues with a lawyer. From all those one thing I came to know that ICAI, unlike any other universities is controlled by Chartered Accountants who are one of the two major beneficiaries of these course ie students and the members which can be lifted if we move a suit. In other words when ICAI benefits both members and students and members are the one who administer ICAI, there will be conflict of interest. As per the Constitution it is not possible. I don't know how this Chartered Accountants Act itself has enacted. The only way to remove this conflict of interest is to remove members from administration.

For example, take the case of LLB, who are administering students? Universities isn't it? Bar associations is a separate one.

When it is ICAI, it is a whole different scenario. I don't know why no student has gone again this till now. If there was adequate finance, I may have tried. May be some coaching institutes can go for it.

Suresh Pai S (Tax Consultant) (1029 Points)
Replied 10 March 2017

What ICAI is trying to do is to make the best out of you. For that, they are keeping some if their valuation standards secret. In that way, everyone will not be copycats and will come with their own stuff.

The issue is when they try to reduce the marks. They want to do it because they need to keep the demand and supply in tact. They need to keep the value of the certificate.

It is not justice when some persons qualify when they raise the percentage. And another clear manipulation happens when they are in need of articles. They will qualify those students who may not have those standards for finals. They will struggle much at the final level.

If you are a lucky one you can get into the luckiest of times. Everyone doesn't pass by luck. But some are certainly benefited. We can see the examples in our own circle. It is really hard to digest.

Suresh Pai S (Tax Consultant) (1029 Points)
Replied 10 March 2017

What they need to do is to increase the quality of exams conducted rather than to play at the tabulation. Open book examination is the only way. They need to ask, purely application questions. Now they are asking direct questions which can be vomited by some students who doesn't even know what they have wrote. A chartered Accountant in his practical life needs less memorisation and more application as he can refer books at any time. The same thing should happen at the exam hall. The student should be given an opportunity to refer the books and present an opinion. Who needs direct questions?

The advantage of this is that students need less memorisation and more conceptual clarity. Isn't that the entire curriculum speak for?

Suresh Pai S (Tax Consultant) (1029 Points)
Replied 10 March 2017

In your case I will tell you not to write exactly like the suggested answers. Because I guess there is an instruction by the institute to give only half marks if they feel like student has produced the exact answer.

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Suresh Pai S (Tax Consultant) (1029 Points)
Replied 15 March 2017

What is the difference of the above app with the suggested answer provided by the ICAI?

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