Public Accountants Examinations Board (PAEB) of the institute of Certified Public Accountants of Uganda (ICPAU) has Wednesday 26 released its May 2019 examinations results.
The examinations that covered mainly three courses namely; Accounting Technicians Diploma (ATD), Certified Tax Advisor (CTA) and Certified Public Accountants (CPA), indicated an increase of 122 candidates that constitute to about 2%.
The examinations were held between May 27 to 31, 2019 in the institute’s seven centers of Arua, Fort Portal, Gulu, Kampala, Mbale, Mbarara, Mbale and a special arrangement in Nkozi University.
While releasing the results at Imperial Royale Hotel, CPA Derick Nkajja, the CEO ICPAU revealed that a total of 6,324 candidates attempted the examinations compared to 6,202 candidates in November, 2018 and a total of 143 candidates completed the CPA (U) course compared to 163 in November 2018.
There was also an increase on the number of candidates who sat for the June 2019 examinations compared down from 5,853 who sat in November 2018 to 5,992 in May 2019, representing an increase of 2.4%.
The average pass rate was 36.7% compared to 39.7% in November 2018, representing a 3% decrease.
The report indicates that out of the 143 candidates who completed their CPA (U) course, 64 (44.8%) were female while 79 (55.2%) were male.
CPA Fredrick Kibedi, the President of ICPAU said that “it has been noted by Public Accountants Examinations Board that there’s been increased enthusiasm in the Examinations and as well as increased performance in some of the areas as we expect.
As an institute, we are trying to ensure that the work for professional accountants and related services is properly occupied by those who have been thoroughly trained and prepared for the job because that job calls upon competence in a person to drive agenda of a that organization.”
Mr. Kibedi congratulated students who passed the exams and those who have finished the course.
He further encouraged those who finished the course to go out there and demonstrate the best practices they have learned from the institute so as to make accountancy a transparent and a reliable practice in the Country.
According to the report, cumulatively, over 3,659 students have completed the CPA (U) course since its inception in 1999 which saw a number of only about 44 students that year.
The report indicates that 54% of those who passed CPA (U) course were female while 46% were male, a clear evidence that the female candidates are consistently outshining their male counterparts following this year’s and last year’s performances respectively.
In addition, 64.3% of those candidates who passed made it on their first attempt. Which is highly commendable as the whole process, rather period of doing the course is shortened.
The majority of those who passed (46%) were in the age bracket of 25-29 years, followed by 30-34 at 20% and 18-24 at 19.4% respectively.