The Institute of Certified Public Accountants on Monday released the Certified public accounts results of those that had sat for the papers in the June 2015 examinations.
However, results released indicate that their has been a great decline in the average pass mark for the Certified Public Accountants examination of June 2015. The pass mark that declined from 42.1% to 36.2% is greatly alarming at how rapidly it has decreased.
The ICPAU ( Institute of Certified Public Accountants Uganda) results for June 2015 indicate that 233 of 5,313 candidates passed to become Certified Public Accountants of Uganda compared to 192 of 5,259 candidates that sat for CPA exams at various stages completed and passed last November.
The standard pass mark from all the 18 papers that the institute offers for one to qualify as a Certified Public Accountants of Uganda is 50 per cent. Failed effort to raise that pass mark, one is not able to become a certified public account.
The examination manager Mr John Bosco Ntangaare, hinted that anyone fails to get 50 in a subject, is entailed to repeat the paper until he or she gets the required pass mark.
“Certified public accountant exams are terribly hard and difficult, you may wonder how they are to be passed. They require a lot of time and getting a retake is very easy”, stressed out Owere Gerald a student who did the exams.
Principals of Accounting Two, Economic and Business Mathematics/Statistics were the best subjects performed well by the students.
Mr Derick Nkajja, the chief executive ICPAU, attributes the poor performance on students’ failure to the old idea of selective reading and spotting. “The tendency of only reading what is anticipated to be brought is the sole cause of this large failure registration”, he noted
Approximately 469 out of 1,274 students are the only ones that passed Financial Accounting. The examinations continue to be failed by the students and many seem to drop out from the course taken as a result of failure to surpass the required mark.
