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School of Accountancy graduates achieve exceptional results in SAICA ITC professional exams

09 July 2021 | Story Dr Nitha Ramnath | Photo Pixabay

Graduates in the University of the Free State School of Accountancy achieved exceptional results in the South African Institute of Chartered Accountants (SAICA) Initial Test of Competence (ITC). The UFS achieved an 81% pass rate in the April ITC exam for first-time writers of the BAcc Honours and PGDip (Chartered Accountancy) programmes, compared to the national average of 70%.

The ITC examination is the first of two qualifying professional examinations required to qualify as a chartered accountant (CA(SA)) in South Africa and is written by graduates shortly after completion of their formal university studies. There are two sittings for this examination annually, and the April exam is the first for 2021.

“These results were attained despite the very challenging circumstances of the emergency remote teaching environment during 2020 and is testament to the quality of our CA programme and the hard work and dedication of the staff of the School of Accountancy,” said Prof Frans Prinsloo, Director: School of Accountancy. He added that, “the results confirm the ‘quality’ / ‘excellence’ of our CA programme, and reinforce similar observations made by the SAICA monitoring team following their 2020 full visit (which included a detailed evaluation of our CA programme)”.

Transformation of chartered accountancy profession

Seventy percent of UFS graduates passed the April 2021 ITC examination, including 38 African and 3 Coloured graduates, while 10 out of 13 of the Thuthuka Bursary Programme graduates of 2020 passed. More than 60% of UFS graduates who passed the examination are black (i.e., African, Coloured, and Indian), with a pass rate of 73% compared to the national average of 52%, which include first-time and repeat candidates. The results are testimony of the interventions put in place to contribute to the transformation of the chartered accountancy profession.

Student-centred teaching approach

The School of Accountancy follows a ‘student-centred’ teaching and learning approach. During the COVID-19 pandemic, teaching was predominantly remote and was adapted to include ongoing, clear communication about the academic programme, comprehensive teaching materials containing additional explanations, learning notes, comments, cross-references to theory, and step-by-step learning guides per topic to enable students to navigate their learning.

Other interventions have also been put in place to support students financially via the school’s INTRABAS unit, mentorship and peer support initiatives, detailed tracking of student participation and performance, follow-up with students, and regular ‘check-ins’ with the student body to consider the student voice and ensure the relevance of the teaching offering.

The UFS is looking forward to the journey of our candidates and their contributions to the world of work.

News Archive

Public Protector addresses large audience

2012-04-23

Adv. Madonsela condemns corruption and poor service delivery in South Africa.
20 April 2012

Audio of the lecture

Video of the lecture

Apartheid cannot be blamed for poor service delivery in the country - corruption should shoulder the blame. Eighteen years into democracy, South Africa still has a long way to go before it becomes the society it envisaged for itself.

“We are not there yet,” South Africa’s Public Protector, Adv. Thuli Madonsela, told a packed Wynand Mouton Theatre on the University of the Free State’s Bloemfontein Campus on Tuesday 17 April 2012. She delivered a public lecture on “Academic freedom and corruption in the context of secrecy laws”.

“Are we closer to becoming a society where values such as human dignity are sacrosanct, where freedom for everyone is the order of the day?” Adv. Madonsela asked the audience comprising students, academics and community members. She said corruption is the silent thief that steals the country’s constitutional dream, causing the poor to live undignified lives.

Adv. Madonsela appealed to students and academics to help retrieve the constitutional dream. In encouraging academic discourse on corruption, she said corruption is not only one person’s problem, but that of everybody. She told academics they could help develop the law and so help in the fight against corruption.

Adv. Madonsela, who spent most of Tuesday on the Bloemfontein Campus, met with senior management from the university as well as students earlier.

Her public lecture late on Tuesday afternoon had the Wynand Mouton Theatre bursting at the seams. Some members of the audience sat on the steps inside the theatre to hear the lecture.

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