INSIGHTS
Transformation more than a numbers game
The University of Johannesburg is helping to facilitate the development of CAs from underrepresented sections of the population
AKEY partner in the South African Institute of Chartered Accountants (Saica) Thuthuka Bursary Fund and Education Upliftment Project, the Department of Accountancy at the University of Johannesburg (UJ) once again confirmed its commitment to transformation with the most African candidates of all universities to pass the Saica Initial Test of Competence (ITC) written in January. The ITC — results of the examination were released at the end of March — is the first of two professional examinations that candidates have to pass to register as chartered accountants (CAs) with Saica. The results are also used to assess the qualitative and quantitative performance of universities offering Saica-accredited degrees. In January, 2,633 aspiring CAs sat the ITC examination. 1,954 (74%) passed — among them 239 first-time UJ candidates. This translates to an overall first-time pass rate of 87% for UJ candidates (the national first-time pass rate was 81%) and means 13.5% of all first-time pass candi...
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