5 Biggest ICAI Silent Warnings that you must not IGNORE !!

Summary

In this video, the speaker discusses five silent moves made by the institute that are impacting students' exam performance and preparation. The speaker emphasizes how recent changes, such as the MCQ papers being sent home and a shift in exam patterns, aim to create strong, confident chartered accountants. The video warns against selective study, unpreparedness, and the need for deeper, focused learning. The speaker also highlights stricter grading, reduced passing percentages, and increased difficulty of exams, urging students to take their studies seriously and prepare effectively. The video encourages hard work and persistence to succeed in the exams.

Takeaways

• 😀 The Institute's recent move of allowing students to take home the MCQ paper is a psychological test to see how well students handle emotional setbacks and avoid distractions.
• 😀 Don't analyze your past exam papers, as it can lead to underconfidence and affect your preparation for the next paper.
• 😀 Selective study is a major mistake — the Institute now plays with student expectations, making some papers easier while others more difficult, so prepare for all subjects equally.
• 😀 The Institute expects professional-level answers with correct terminology and structure. A stricter marking system has been implemented, reducing the chance of getting grace marks.
• 😀 Passing percentages have decreased significantly, with the Foundation passing rate dropping to as low as 19%, signaling that only serious candidates will succeed in the exams.
• 😀 The Institute is pushing for higher standards and expects students to be fully committed to becoming a Chartered Accountant, not relying on shortcuts or easy methods.
• 😀 MCQs have become more difficult, requiring deeper understanding of concepts rather than simple memorization. Prepare for complex and challenging questions.
• 😀 Students must focus on emotional control and discipline, avoiding distractions like checking answers or watching videos immediately after an exam.
• 😀 Don't rely on luck or simple techniques — practice writing answers in a structured and professional manner to meet the Institute’s standards.
• 😀 Time management and consistent preparation are key. Don’t waste time on past papers or irrelevant material; focus on your upcoming exams and stay committed to the process.

Q & A

What is the significance of the institute's decision to allow students to take the MCQ paper home?

The decision to allow students to take the MCQ paper home is part of the institute's strategy to assess how students handle the pressure of their results. By checking answers after the exam, students may become underconfident and distracted, which can impact their preparation for the next exam. The institute is trying to filter out students who can't focus on future exams after a setback.

What should students do if they receive their MCQ paper after an exam?

Students should ignore the MCQ paper after the exam and not dwell on the answers. Instead, they should focus on preparing for the next paper and move on from the past exam. The institute aims to see how well students can manage their emotions and stay focused on their studies.

What does the speaker mean by 'selective study equals suicide'?

The phrase means that focusing only on certain subjects that students find easier or more comfortable, while neglecting others, will lead to failure. The institute has intentionally made the exams more unpredictable, ensuring that students must be well-rounded and study all subjects thoroughly to pass.

How has the institute changed its approach to marking and result patterns?

The institute has become stricter in its marking system, reducing the grace marks given in previous years. Students are expected to meet professional standards in their exam answers, and those who do not, even if they have studied, may receive fewer marks. The emphasis is now on quality over effort alone.

Why have passing percentages dropped in recent years?

The passing percentages have been intentionally reduced to ensure that only the most committed and serious students pass. The institute has also increased the number of exam opportunities, providing more chances to prove readiness. This is part of their strategy to filter out students who are not fully dedicated.

What does the speaker mean when they say the MCQs have become more difficult?

The MCQs have become more complex, with longer paragraphs and more difficult choices. This shift indicates that students can no longer rely on luck or simple memorization. A deeper understanding of concepts is now required to select the correct answers.

How does the institute's approach impact students who are not prepared for the rigor of the exams?

For students who are not fully prepared or dedicated, the institute’s tougher standards, reduced passing percentages, and unpredictable exam patterns will make it harder to succeed. These changes are meant to ensure that only those who are truly committed and capable of handling the professional standards of a Chartered Accountant can pass.

What is the institute's ultimate goal in these changes?

The institute's goal is to produce competent, skilled Chartered Accountants who are well-prepared for the profession. By making exams more challenging and focusing on deeper understanding, they aim to filter out students who are not serious or capable of handling the demands of the profession.

Why is it important for students to practice writing answers during their studies?

It is important to practice writing answers because students need to meet the institute's professional standards. Merely understanding concepts is not enough; students must also be able to write answers clearly, accurately, and with the correct terminology to meet the exam’s expectations.

How does the speaker suggest students approach their preparation for the upcoming exams?

The speaker suggests that students should study with full dedication, avoid shortcuts, and focus on in-depth understanding. They should practice writing answers, refrain from obsessing over past exam results, and prepare thoroughly for each subject. Students who do this will be better equipped to meet the challenges posed by the institute’s new approach.