the average jse-listed business has more than 2 cas(sa) on its board. a total of 3,037 candidates sat for the apc in november 2018, which the south african institute of chartered accountants (saica) says is the highest figure recorded. i can finally remove the “aspiring” away from the ca(sa) in my bio? pic.twitter.com/ihe05jd3pk some 2,529 were taking the apc for the first time, while 508 were repeating the assessment. more than 72- first-timers and nearly half of the repeaters failed the apc, making it the highest number of failed candidates in a long time. that 48% is haunting me!!
@saica_ca_sa @nowicansaica we need to dig deeper, we need to find out what happened, what are the barriers. 48% of the black-african candidates who wrote board exams for ca(sa) passed. some denied. “while, on the face of it, it [declining pass rate] may seem negative,” olivier says “it is proof of saica’s continued commitment to producing cas(sa) of the highest standard.” “what is particularly satisfying,” adds oliver, “is the number and diversity of the 12 candidates who earned a place on saica’s prestigious apc honours roll,” which includes three from embattled audit firm, kpmg. according to saica, the honours roll is made up of candidates who demonstrate exceptional performance and show the greatest insight into the way they complete the case study tasks. nedbank was second with two candidates in top 12. kpmg has been embroiled in various auditing scandals for work relating to gupta-related entities, the south african revenue service and vbs.
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