CA pass rate on the rise
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