The Institute of Certified Public Accountants of Uganda (ICPAU) has Thursday released examination results of August 2019 for the Certified Public Accountants (CPA).
The examinations were conducted from August 19 to 23, 2019 at the Kampala Centre and were for the Certified Public Accountants (CPA) course only.
While releasing the results at Imperial Royale Hotel in Kampala, the Chairperson of Public Accountants Examinations Board, CPA Keto Nyapendi Kayemba noted that a total of 4,048 candidates attempted the examinations compared to 3,748 candidates in August, 2018 implies registering an increase of 8 percent.
Nyapendi noted that the average pass rate was 33.8% compared to 39.6% in August 2018, representing a 6 percentage point decrease.
“In terms of gender, 54.3% of those who passed were female while 45.7% were male. The female candidates are consistently outshining their male counterparts. In addition, 35.8% of those candidates who passed made it on first attempt,” Nyapendi said.
She noted that 47.4% of those who passed were in the age bracket of 25-29 years adding that 80 candidates completed the CPA (U) course compared to 107 in August 2018.
“Of the 80 candidates, 44 (55%) are female while 36 (45%) are male. The cumulative number of students who have completed the CPA (U) course since inception is 3, 741,” she said.
The Board has not released the examinations results for Public Sector Accounting and Reporting – Paper 14, resulting from an a complaint lodged relating to an irregularity.
“PAEB received an allegation that there was an examinations irregularity regarding the Paper. As an examinations Body for a professional accountancy qualification, we take any examinations matter very seriously, any matter must be thoroughly investigated,” Nyapendi said.
“Therefore, PAEB has taken the decision to withhold examinations results for this paper until investigations are completed. We regret the delay in the release of these examinations results, and we are working tirelessly to resolve this matter, within the shortest time possible, ” Nyapendi emphasized.
The President ICPA, Frederick Kibbedi further warned that whoever will be found culpable for participating and aiding examination malpractice will be brought to book since this is against the professional ethics.
“Those found culpable after investigations will be held accountable and risks losing practicing their profession world over,” Kibbedi said.