After conducting alternative days why the results are not better. Around 20% in 2008 where as 38% in 2006, is the quality intake was bad. In acadamics every time result will increase and rank percentage also increase. I think to save pwc hatred on icai they have cut down result. one more observation is south has done very bad, how it can possible, when same teaching and books availbe to all india. I am sure central council members cooked up the result , you see all theory marks cut down, as you cant question the institute. Remember there was a central council meeting on 12th and 13th.
REcession is not a issue, as new companies bill 2008, IFRS, LLP such kind of changes happeing rapidly, there is need of CAs MORE.