The Public Accountants Examinations Board (PAEB) has released examination results for March 2022 indicating a significant improvement in performance from 36.4% in March 2021 to 39.6% in March 2022.
However, the board expressed concerns on the decline in performance in subjects such as Financial Management, Management Decision & Control, Advanced Financial Reporting and Public Sector Accounting & Reporting.
PAEB Chairperson Geoffrey Byamugisha cited the ill-preparedness of candidates as the cause of low performance.
“The candidates need to improve their interpretation, computation, communication, and analytical skills in levels 2 and 3 papers. We call upon candidates to always endeavour to prepare for examinations, including doing practice/ trial questions to sharpen their analytical skills,” he said
Statistics:
2,890 candidates turned up, out of 3,081 who had registered for the March 2022 Examinations, representing a 93.8% presence, compared to 94.1% in March 2021 when this test was first introduced.
In terms of gender, out of the 1,560 papers passed, 838 (53.7%) are by female candidates while 722 (46.3%) are by male candidates.
Additionally, 534 (34.2%) of the papers passed were on first attempt. The board desires to see majority of the candidates passing on first attempt.
In terms of age, out of the 1,560 papers passed 213 (13.7%) were for candidates in the age bracket of 18 – 24 years, 588 (37.7%) for the age bracket of 25 – 29 years, 453 (29.0%) were for the age bracket 30 – 34 years, 165 (10.6%) in the age bracket of 35 – 39 years while the remainder 141(9.18%) are for candidates of 40 years and above.
The Institute of Certified Public Accountants of Uganda (ICPAU) is the National Professional Accountancy body that is responsible for the regulation and maintenance of the standard of accountancy in Uganda.
CPA offers comprehensive accountancy training in line with International Education Standards (IES), issued by International Federation of Accountants (IFAC).
In pursuance of functions enshrined in the Accountants Act, ICPAU, issues practicing certificates to accountants that would like to offer services to the public, and conducts continuous professional education to ensure that members keep up to date with the developments in the profession.
It also sets examinations for the aspiring accountants who will gradually become certified public accountants of Uganda (CPAU) and does whatever is required of the accountancy profession with due regard to the public interest.