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UFS School of Accountancy pass rate trumps SAICA national average

02 April 2019 | Story Valentino Ndaba | Photo Charl Devenish

Accounting Students — Pictured are 8 of the 64 UFS School of Accountancy students who form part of the 84.2% pass rate achievers.

Students from the University of the Free State (UFS) School of Accountancy achieved a 84.2% pass rate compared to the national average of 76.2% during the Initial Test of Competence (ITC) examination facilitated by the South African Institute of Chartered Accountants (SAICA).

A total of 64 out of 76 UFS students who attempted the ITC for the first time were successful in the examination. The ITC is known for its challenging nature. Demographically, our African black students outperformed the 62.1% national pass rate by attaining an impressive 80.6%.

Collective congratulations

Prof Hentie van Wyk, Programme Director at the school, attributed diligence for the high pass rate. “This is due to our student-centred teaching module that was introduced four years ago and committed academic staff of the School of Accountancy from the first to the fourth year.”

Further future surge expected

“With the coming June 2019 ITC sitting, our pass rate for 2019 will most probably be more than 90%. Our three-year rolling average for 2015-2017, 2016-2018 and 2017-2019 were 83%, 86% and 90% respectively. Hopefully we can maintain the upward curve,” said Prof Van Wyk.

News Archive

Information session: New company legislation

2007-03-06

The Department of Trade and Industry, in co-operation with the Centre for Business Law, Faculty of Law, University of the Free State, will present an information session on the Draft Companies Bill, 2007, in the C R Swart Auditorium, Main Campus of the UFS, from 10:00 – 13:00 on Thursday, 8 March 2007.

There will be ample opportunity for public participation and translation services will be available.

The Companies Bill, 2007, which envisages the repeal of the Companies Act of 1973, and the eventual repeal of the Close Corporations Act, 1984, has just been released for public comment with a view to expeditious finalization. This information session is therefore of the utmost importance for members of the auditors and accounting professions, legal professions, local and provincial government officials, the financial services and financial planning professions, banks and insurance companies, etc., who would like to stay abreast of the envisaged new legal developments in the field of Company Law and / or Close Corporations Law and / or to make inputs thereto.

The information session is open to the public and attendance is free of charge. Booking is essential and can be made with Mrs Riekie Erasmus (051) 4012451 (8:00 – 12:45) or Mrs Ina Malan (051) 4012319 (14:00 – 16:30).

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