SAICA 2020 ITC results reaffirms UJ as a leader in Accounting education

Date: Mar 30, 2020 | News

​The results of the January 2020 Initial Test of Competence (ITC) of the South African Institute of Chartered Accountants (SAICA) were released on Friday 27 March 2020. The Initial Test of Competence (ITC) examination is the first of two Qualifying Examinations for prospective Chartered Accountants [CAs(SA)] and aims to assess candidates’ technical competence.

As we celebrate the success and achievements of our students, the 2020 results reaffirm the University of Johannesburg (UJ) as a leader in Accounting Education in South Africa.

UJ continues to contribute towards the growth of the Accounting profession with a total number of 171 candidates passing the SAICA ITC exams in January 2020. This represents a 77% first-time pass rate compared to the national first-time pass rate of 68%.

In line with our commitment to transformation, UJ is proud of the 124 Black candidates who passed the ITC. UJ’s pass rate for African candidates is 16% higher than the national pass rate for African candidates, which is testament to the success of our support interventions. Over the years UJ has been the largest provider of African students to the Accounting profession from all residential universities and has constantly been one of the largest role players in the SAICA Thuthuka programme, a national initiative by SAICA to promote transformation in the profession.

“Accountancy@UJ is committed to educating critical thinking accountants for the 4th Industrial Revolution. The ITC results are true testimony to the passion and commitment of all lecturing staff in the Department of Accountancy. These are exciting, but also quite challenging times, and we need to embrace the challenges and opportunities in the profession. Our programmes are distinctly focused on the development of well-rounded individuals by preparing graduates to be ethical leaders, critical thinkers and innovative enablers in the 4th Industrial Revolution,” says Professor Ben Marx, UJ’s Head of the Department of Accountancy.

“We strive to be future-thinking and creative in terms of our teaching and learning methods and delivery. In an ever-changing and dynamic environment, our team is always looking for innovative ways to teach and learn. The Department is at the forefront of developments in the 4th Industrial Revolution and how it relates to the future of accountants,” adds Prof Marx.

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