THIS WEEK: Accountants institute release August CPA exams
Kampala, Uganda | THE INDEPENDENT |The Institute of Certified Public Accountants of Uganda (ICPAU) released the August 2017 Certified Public Accountants of Uganda – CPA (U) course results indicating 3.1% pass rate decline when compared with the June 2017 examinations. Under the management of the Public Accountants Examinations Board (PAEB), the results for the 18 papers showed that the average pass rate for August examinations was 31.9% down from 35.0% in June 2017.
Officials said that the decline in performance was partly attributed to limited time available for students to prepare for these examinations. They said that most candidates who sit for the August examinations are ones that fail ones (exams) for June. As such, Protazio Begumisa, the president of ICPAU urged students to improve performance by reading widely, getting practical training from resourceful institutions and utilising skills of experienced lecturers. The August examinations had 97 candidates compared to 107 candidates recorded in June 2017. “…our training is good,” Begumisa said.
“There are not so many ICPAU members on the street; they are competitive.” Derick Nkajja, the ICPAU chief executive officer said that the examinations being released and the training offered were the foundation of the accountancy profession and needed to be handled well for the betterment of the profession and the economy. Officials said the Institute aims to increase the number of professional accountants from the current 3,000 to 5,000 in the next three years to match the country’s development strategy.