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18 April 2024 | Story Anthony Mthembu | Photo Supplied
Mia Pretorius
Mia Pretorius, one of the accountancy graduates from the UFS Class of 2023, excelled in the SAICA ITC examination, securing the 6th position nationally.

The accountancy graduates of the University of the Free State (UFS), Class of 2023, have showcased their excellence by achieving an impressive 86% pass rate in the January 2024 Initial Test of Competence (ITC) examination administered by the South African Institute of Chartered Accountants (SAICA). This achievement underscores the rigorous academic standards and dedication upheld by both the students and the esteemed faculty of the UFS School of Accountancy.

Prof Frans Prinsloo, Director of the School of Accountancy at UFS, expressed profound satisfaction at these remarkable results. He remarked, ‘’This achievement bears testament to the many hours of hard work invested over many years by the UFS School of Accountancy team and its students, and it brings us great joy.’’

Among the shining stars of this accomplishment is Mia Pretorius, a SAICA Audit Trainee at Deloitte in Cape Town and a distinguished UFS alumnus. Pretorius clinched the sixth position nationwide in the exam, surpassing over 2000 graduates across the country. Reflecting on her achievement, Pretorius conveyed her overwhelming gratitude, acknowledging the challenging nature of the examination, particularly the time constraints. She attributed her success to the comprehensive preparation received at UFS, stating, ‘’We wrote some difficult examinations during my time at UFS, so I was well prepared and found the ITC to be a bit easier than some of the exams that were written at UFS.’’

Prof Prinsloo lauded Pretorius’s success as a testament to the effectiveness of the CA programme at UFS, stating,’ Our CA programme not only enables our graduates to pass the ITC examination but, in fact, empowers them also to excel.’’

The significance of this accomplishment extends beyond individual success stories. Prof Prinsloo emphasised that the SAICA ITC examination serves as a crucial benchmark for evaluating the quality of the Chartered Accountancy (CA) programme offered at UFS. He elaborated, ‘’These results signify that the CA programme offered by the UFS not only develops our students’ technical competence in the subject areas of Financial Accounting, Auditing, Taxation and Managerial Accounting and Finance to the appropriate level but also equips them with the essential professional skills.’’

With aspirations for their students to make meaningful contributions to their respective fields and communities, Prof Prinsloo expressed hope that these accomplished students uphold ethical standards and serve as inspiration for our future students.

The achievements of the UFS accounting graduates of 2023 in the SAICA ITC examination underscore the university’s commitment to academic excellence and the holistic development of its students. 

News Archive

University publishes its Integrated Report
2013-08-23

23 August 2013

The university is proud to have published an integrated report in line with the King III requirements on corporate governance. The university is one of the first universities – if not the first – in South Africa to do so. The UFS sees integrated reporting as a public process through which we report to all our stakeholders, using evidence-based data, on the achievements and challenges of a public university.

Our first Integrated Report reviews the overall performance, non-financial and financial, of the UFS for the 2012 academic year. It is the first report of its kind delivered to stakeholders and guided by the King III framework which recommends integrated, sustainable performance that is reported in a way that enables stakeholders to make an informed assessment of an institution.

The Integrated Report notes that the conditions under which higher education institutions operate have become more demanding in the last two decades and there is a growing need for universities to be more explicit and transparent about the manner in which their core functions (teaching, research and public duty), as well as its administrative operations, are defined by and support good governance, sustainability and corporate citizenship.

The university welcomes this opportunity to present in public an integrated account of itself. In particular, the UFS sees this report as an opportunity to align more strongly its financial and non-financial reporting in pursuit of organisational sustainability and social transformation in South Africa.

Prof Jonathan Jansen, Vice-Chancellor and Rector, notes in the report that in the past four years the university has made significant progress in respect of its two foundational commitments, the Academic Project and the Human Project.

There are now more students entering the university who satisfy the higher requirements set for admission. “This will improve the throughput and graduation rates of incoming students, ensuring their personal success and satisfaction with higher education.” The establishment of a state-of-the-art Postgraduate School, for example, is expected to increase the number, quality and success rates of postgraduate students.

The research output has increased steadily and the contribution of the new Senior Professors project, as well as the five research clusters, have helped to improve the quality of research and the spread of postgraduate recruitment beyond South Africa.

On transformation, the Vice-Chancellor observes that “We have made significant progress in building inclusive, democratic and embracing campus cultures which affirm the value and dignity of all students and staff. With the steady increase of black students in a majority black campus, our goal remains to retain our diversity in a university that serves as an experiment in teaching students to live and learn and love together.”

Financial sustainability is a major commitment and the UFS has not only maintained its record of unqualified audits, but has steadily built a culture of risk management and performance evaluation throughout the system. Internal auditing is a strong instrument in our arsenal to secure financial and operational compliance in every department of the university.

“What integrates the systems and functions of the university is the alignment of everything we do with our two pillars, the Academic and Human Projects, built on a solid foundation of professional support services as described in the Strategic Plan adopted in 2012. In the process of preparing the Integrated Report we discovered how much still needs to be done to align the still disparate and independent activities of the three campuses, seven faculties and more than 100 departments of this large university,” according to the Vice-Chancellor.

The report is available at: http://www.ufs.ac.za/content.aspx?id=184.

 

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