PAEB Speech - August 2019 Exams

THE PUBLIC ACCOUNTANTS EXAMINATIONS BOARD OF THE

INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA

RELEASE OF AUGUST 2019 EXAMINATIONS RESULTS

THURSDAY, 12 SEPEMBER, 2019 IMPERIAL ROYALE HOTEL, KAMPALA

The President,

The Vice President, Members of Council, Members of PAEB,

Staff of the Secretariat, Members of the Press Ladies and Gentlemen.

1.0 INTRODUCTION

I take this opportunity to welcome you for this function of releasing the August 2019 examinations results.

The examinations were conducted from Monday 19 to Friday 23 August 2019 at the Kampala Centre and were for the Certified Public Accountants (CPA) course only

2.0 EXAMINATIONS RESULTS

A total of 4,048 candidates attempted the examinations compared to 3,748 candidates in August, 2018. This implies an increase of 300 candidates, representing 8% increment.

Performance in the individual subjects is given as follows:

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.

47.4% of those who passed were in the age bracket of 25-29 years.

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 list of finalists is attached (see Appendix).

The cumulative number of students who have completed the CPA(U) course since inception is 3,741.

The Board is not releasing the examinations results for Public Sector Accounting and Reporting – Paper 14. 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. 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.

3.0 CLOSING REMARKS

On behalf of the Public Accountants Examinations Board, I congratulate those candidates who passed their various examinations papers, the top candidates in each subject and the 80 candidates who have completed the CPA courses.

To those who have not made it, please do not be discouraged but learn from this experience and focus on the goal of professionalisation.

I extend the Board’s sincere appreciation to the examiners, moderators, markers, security teams, invigilators, service providers and the Secretariat for their contributions to the success of the examinations.

I also thank the media for covering this event. Our expectation is that your news reports will contribute to strengthening the accountancy profession and building our economy.

It is, now my honour and privilege to invite you, Mr. President, to release the August 2019 examinations results.

CPA KETO NYAPENDI KAYEMBA CHAIRPERSON, PAEB

APPENDIX 1: LIST OF CPA FINALISTS