The Public Accountants Examination Board of the Institute for Certified Public Accountants of Uganda has released results for the September 2022 Examinations.
Releasing the Examinations in Kampala, Geoffrey Byamugisha, the CPA PAEB Chairperson, said the average pass rate has slightly declined from 39.6% in March 2022 to 35.8% this September.
He noted that performance in the core/computational analytical subjects such as Financial Reporting, Management Decision and Control, Auditing and other Assurance Services, including integration of knowledge, has not been impressive.
Byamugisha revealed that those who failed the subjects were lacking, among others, in interpretation, computation, communication and analytical skills.
He called upon the students as well as tuition providers to assess these issues for better performance, future examinations and, especially the execution of assignments in the workplace.
The September 2022 examinations were conducted only in Kampala and only for the CPA (U) Course from Monday 12 to Friday 16.
Altogether, 3,555 candidates had registered for the September 2022 Examinations of which 94.7% ( 3,367) turned up for the examinations.
In terms of gender, out of the 4,762 papers attempted, 2,477 (52)% were by females and 2,285 (48%) by males. 897 (36.2%) of the females and 809 (35%) of the males passed the individual papers they attempted.
In addition, 733 (43%) of the 1,706 passes registered were on first attempt of the various papers. This represents an improvement compared with the March 2022 exams where 534 (34.2%) of the 1,560 passes were obtained on the first attempt.
The cumulative number of students who have completed the CPA course is now 4,687.
A total of 98 students completed the CPA course this September 2022 compared to 93 who completed in March 2022. Of the 98 students, 49 (50%) are female and 49 (50%) are male.
Revision of Syllabus
According to Byamugisha, the revised ATD and CPA syllabuses have been approved by the National Council for Higher Education as required by Section 16(2) of the Accountants Act 2013.
“The PAEB has approved the revised CTA syllabus and updates will be provided in due course,” he said.
Byamugisha said examinations under the revised syllabuses are expected to be conducted with effect from the May/June 2023 saying, it is for this reason that PAEB will not conduct examinations in March 2023.
“As PAEB, we acknowledge the resources expended by examiners, moderators, markers, security officials, invigilators, other service providers, the ICPAU Secretariat, and the candidates towards the success of the September,” he remarked.