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Witsies achieve success in SAICA exams

- By Buhle Zuma

Wits graduates have once again excelled in the external board exams written by prospective chartered accountants (CA).

In the Part I Initial Test of Competence (ITC) written by CA candidates country-wide - two Wits graduates passed with honours the professional exam set by the South African Institute of Chartered Accountants (SAICA).

Ebrahim Makda was placed eighth in the Top 10 while Anuradha Pandya also achieved an honours pass.

The Part I (ITC) examination is the culmination of at least four years of studying and forms one of the two final academic hurdles to be crossed in order to qualify as a chartered accountant (SA). The results of the examinations written in January 2015 were released on Friday, 27 March 2015.

The table below summarises the results of the examinations:

 

Wits

National Average

1st attempt pass rate

91%

82%

Overall pass rate

91%

76%

Black candidates overall

83%

68%

 

In addition, 20 out of 24 Wits Thuthuka first time students passed the ITC, resulting in a 83% Wits Thuthuka first time pass rate.

In the finale

In another set of results released in February, Witsies performed with distinction in the Assessment of Professional Competence (APC) Examination, the final exam before qualifying as a CA. Three Wits students made it onto the top ten honours list giving Wits the highest number of candidates on the honours list.

The Wits top performers were Priya Chiba (PWC), Gregory Khoury (Deloitte) and Aadila Noorgat (PWC). The overall national pass rate for the exam was 86% while Wits achieved an exceptional pass rate of 93%.

This was the first time that CA candidates wrote the APC after SAICA made changes to Part II of the qualifying examination. According to SAICA, the changes are to ensure that the qualification remains relevant and is abreast of international trends and meets evolving business needs.

The APC focuses on the strategic and managerial aspects of the broader accountancy discipline and its primary objective is to assess the professional competence developed during the combination of academic education, a professional training programme and practical training.

The Head of School, Professor Nirupa Padia, has congratulated the candidates and the School of Accountancy staff on their success.

The School of Accountancy has a SAICA Level 1 accreditation status.

 

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