The institute of certified accountants of Uganda (ICPUA) has Monday released the August CPA results with a slightly declined average pass rate of 31.9%.
The released results are of the examinations that were held from Monday August 21 to Friday August 25, 2017 in Kampala exclusively for the certified public accountants of Uganda CPA (U) course.
Of the 3, 607 students that sat for the examination, only 97 candidates were able to successfully complete the CPA course.
While at the official release of the results that took place at imperial Royal hotel in Kampala, the chairman, the public accountants examination board ICPAU, CPA Uthman Mayanja noted that the institute has over 3,015 students who have completed the CPA course.
“We are happy to cross the 3,000 certified accountants mark. We are looking forward to increasing this number to 5,000 by 2020.”
He added, “We appreciate the examiners, moderators, markers, security team, invigilators, service providers and the Secretariat for the contribution to the examination process. Together we look forward to continue uplifting the accountant profession in Uganda and the rest of East Africa.”
This month’s performance is relatively poor compared to results of June 2017 where the pass rate was 35%.
However, this is explained by the fact that most of the students who sat for August exams are those that had failed in June hence less time to prepare well for the exams.
The institute is also positive that with the introduction of reading materials, the performance will relatively improve.