UFH Accounting Graduates achieve 91% pass rate in SAICA ITC Test
The University of Fort Hare today announced that graduates of the Nkuhlu Department of Accounting attained a 91% pass rate for the second sitting of the 2021 Initial Test of Competence (ITC), the first of two examinations that Accounting graduates have to pass to become chartered accountants (CA’s).
In addition to outperforming the national pass rate average of 59% by a landslide, UFH achieved the second highest pass rate in the country after the University of the Free State (UFS). In July this year, UFH obtained an overall pass rate of 81% in the first sitting of the ITC exam. This placed the institution in 7th position nationally, a position shared with Nelson Mandela University (NMU).
“This achievement is extraordinary given the unprecedented circumstances under which the 2020 academic year had to be concluded,” said Professor Renuka Vithal, DVC: Academic Affairs at UFH. “It is further testimony to outstanding work ethic and dedication of both our Accounting Department and our accounting student graduate. We wish to extend a note of appreciation to the Department and its students for the stellar achievements during the first and second sitting of the ITC exams in 2021,” she said.
The ITC test is administered to evaluate to technical competence and critical thinking abilities of graduates after completion of a three undergraduate programme and the postgraduate programme, and the marks were released by SAICA earlier this month.
Recently, Mail and Guardian noted UFH’s accounting graduates often outperform many other leading South African universities in an article that examined the creation of high-calibre chartered accounting graduates in historically disadvantaged universities.
UFH’s Nkuhlu Department of Accounting is accredited by various professional bodies, including: the South African Institute of Chartered Accountants (SAICA), Association of Chartered Certified Accountants (ACCA) and South African Institute of Professional Accountants (SAIPA). The accreditation by these professional bodies enhances the value of our qualifications and ensures that our graduates are sought after by employers in the market.
The Department’s programmes include the Bachelor of Commerce (Accounting), the Advanced Diploma in Accounting (ADA), Post Graduate Diploma in Accounting (PGDA), Bachelor of Commerce (General Accounting), and the Bachelor of Commerce (Honours – Taxation)