UJ: Transforming Chartered Accountancy in South Africa
Date: Mar 18, 2016 | News
The results of the January 2016 Initial Test of Competence (ITC) of the South African Institute of Chartered Accountants’ (SAICA) were released on Friday 18 March 2016. The University of Johannesburg (UJ) is extremely proud of the performance of its students. “We are especially proud of the fact that one of our students, Zahir Mayet, obtained the number one position in South Africa” says Professor Alex van der Watt, Head of the Department of Accountancy.
The results confirm UJ’s leadership position in transforming the accounting profession in South Africa. Van der Watt adds that there can be no argument that performance against transformation indicators has become the most important yardstick when evaluating the performance of universities in the ITC. In this context, UJ is delighted to share the following highlights of its performance in the examination:
- UJ remains the biggest residential university contributor to successful African Chartered Accountants (CAs) in the country;
- UJ achieved the third highest pass rate when the performance of Black candidates in the examination is considered;
- UJ contributed 25 percent to African first timer passes in the 2016 ITC; and
- The university again achieved of the lowest differences in success rates between African and White passes when compared with other universities.
The ITC is the first of two professional examinations which candidate CAs are required to pass in order to register with SAICA as CAs, and the result tables compare the performance of all universities offering SAICA accredited degrees. UJ uses five key performance indicators in the ITC to measure its success rate. These include:
1. Number of successful candidates, also in relation to other universities,
2. Number of successful African candidates, also in relation to other universities,
3. Pass rate of first-timers (the 2015 UJ class),
4. Top 10 positions, and
5. Difference in pass rate between our White and African students and the percentage gap in relation to other universities.
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