The Institute of Certified Public Accountants of Uganda (ICPAU) and the Public Accountants Examinations Board (PAEB) have released the CPA August 2018 Examinations Results, indicating that 107 candidates completed the CPA course compared to the 97 that completed in August 2017.
A total of 3,748 candidates attempted the examinations that were conducted from Monday 20 to Saturday 25 August 2018 at Mandela National Stadium, Nambole.
“Of the 107 candidates, 48 were female and 59 were male. Cumulatively, 3,353 students have completed the CPA course.
The number of candidates increased from 3,607 in August 2017 examinations diet to 3,748 in August 2018. This represents an increment of 3.8%,” said CPA Keto Kayemba, the Chairperson of PAEB.
She said the average pass rate was 39.6% compared to 31.9% in August 2017.
“In terms of gender, 48.8% of those who passed were female and 51.2% were male. Additionally, 30.7% of those candidates who passed made it on their first attempt. We congratulate them for their hard work,” she added.
Majority of the candidates, Kayemba said 42.9% were in the age bracket of 25-29 years, followed by 30-34 at 21%.
“This implies these candidates are likely to complete the course when they are still young and will, therefore, have a long time to serve the economy,” stressed Kayemba.
She encouraged candidates who failed the August diet to work harder and pass next time round.
“I convey our sincere appreciation to the examiners, moderators, markers, security teams, invigilators, service providers and the Secretariat for their contributions to the success of the August 2108 examinations,” said Kayemba.
CPA Fredrick Kibbedi, the ICPAU President said their commencement with the accreditation of the teaching institutions helped the pass rate to jump to 39% in the August 2018 seating from 31% in the August 2017 seating.
CPA Derrick Nkajja, the ICPAU Chief Executive Officer, said when all businesses in Uganda embrace proper accounting, they will grow and be able to expand.
“When a business has an accountant, it is very difficult for such a business to collapse even if the owner passes on. Such a business can easily be passed on to the next generation without any problem even when the entrepreneur has died,” said Nkajja.