Disturbingly low pass rate for chartered accountants exam
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Johannesburg - A shockingly low 43% of the countryâs latest aspiring chartered accountants have passed the SA Institute of Chartered Accountants (Saica) examination.
In an even more concerning outcome, just 24% of the 1Â 792 black candidates passed Saicaâs Assessment of Professional Competence (APC) exam written in December.
The pass rates among all other races were not something to write home about either. The 1Â 315 white candidates achieved a 64% pass rate, 53% of the 535 Indian candidates passed and 45% of 238 coloured potential chartered accountants passed.
The number of black chartered accountants has remained low in the country, prompting Saica and the government to go on a transformation drive in recent years.