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06 April 2020 | Story Nitha Ramnath | Photo Sonia Small
Students on Campus
UFS accounting students are flying the Kovsie flag high.

The School of Accountancy is proud to announce that 55 (74%) of the 2019 graduates for the BAcc Honours and Postgraduate Diploma in Chartered Accountancy programmes have passed the Initial Test of Competence (ITC) examination for the Chartered Accountant (SA) designation, compared to the national average of 68% for first-time candidates.

The results were recently released by the South African Institute of Chartered Accountants (SAICA). The ITC examination is the first of two professional examinations required for qualification as a chartered accountant (SA), and is written shortly after completing formal university studies, with two sittings of this examination annually, i.e. in January and June.

Of the 2019 Thuthuka Bursary Programme, seven out of eight graduates passed, translating into an 88% pass rate for this group.

Prof Frans Prinsloo, Director of the School of Accountancy, said: “I am pleased to report that these results confirm the quality and excellence of our CA programmes – a point repeatedly noted by the SAICA monitoring team during their formal feedback session last week.  These results are also testament to the hard work and dedication of the academic staff in the school.”

News Archive

UFS Director serves on international financial planning body
2010-03-29

Adv. Wessel Oosthuizen.
Photo: Supplied

Adv. Wessel Oosthuizen, Director of the Centre for Financial Planning Law at the University of the Free State (UFS) and Panel Chairperson of the Financial Planning Standards Board Ltd. (FPSB), was recently seconded to two FPSB meetings.

Adv. Oosthuizen is a member of two work groups that consist of representatives from Australia, Canada, China, Germany, Ireland, Japan, New Zealand, South Africa, the United Kingdom and the United States. The groups are tasked with developing a framework that would incorporate the abilities, professional skills and knowledge a student or candidate for certification would need to cover when developing viable written financial plans for clients. Additionally, the groups discussed the type and content of templates, tools and guidance documents that education, training and assessment bodies could use to ensure that financial planners were capable of integrating theory and practice when delivering financial planning to clients.

According to Adv Oosthuizen, the FPSB’s goal is to develop guidance documents and templates for practitioners, employers, educators and certification bodies that will support a robust evaluation of independent and supervised work experience for entrants to the field of financial planning, consistent with approaches taken by more established professions by the end of 2010.

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