CA pass rate on the rise

Thuthuka helps

Finweek English Edition - - Focus On -

THE QUEST TO IN­CREASE the num­ber of South Africa’s char­tered ac­coun­tants – in par­tic­u­lar, the rel­a­tively small num­ber of black African CAs – is on track. Re­sults from part one of the Qual­i­fy­ing Ex­am­i­na­tion (QE1) – an im­por­tant mile­stone on the path to be­com­ing a CA – re­leased by the SA In­sti­tute of Char­tered Ac­coun­tants (Saica), re­flect a 53% pass rate com­pared to last year’s 46%. In this year’s re­sults 3 902 candidates sat the exam com­pared with 4 169 last year. De­spite fewer candidates sit­ting this year's exam more passed.

A sig­nif­i­cant high­light of this year’s re­sults is the in­crease in the pass rate among African first-time candidates from 54% last year to 63% this year. Over­all, the pass rate among first timers im­proved from 66% in 2007 to 75% in 2008. Other high­lights in­clude: Of all African candidates writ­ing the ex­am­i­na­tion 374 passed – a fig­ure up 28% from last year’s 292. The pass rate for re­peat stu­dents in­creased from 27% last year to 32% in 2008. A sig­nif­i­cant in­crease in the pass rate for African re­peat candidates from 19% to 30% in 2008. An 80% pass rate among Thuthuka stu­dents. Thuthuka, Saica’s trans­for­ma­tion ini­tia­tive, is an im­por­tant tool in the process of in­creas­ing the num­ber of black CAs in the pro­fes­sion. Saica ex­ec­u­tive pres­i­dent Ignatius Se­hoole says while the num­ber of Thuthuka stu­dents writ­ing the QE1 exam in 2008 had dropped, the pass rate among candidates was an in­di­ca­tion of the ini­tia­tive’s progress.

Pass rate an in­di­ca­tion of progress. Ignatius Se­hoole

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.