The President,
The Vice President,
Members of Council,
Members of PAEB,
Secretariat and;
Members of the Press.
 
1.0      INTRODUCTION
 
I wish to take this opportunity to welcome you to this function where we are releasing the June 2018 examinations results.
 
Let me use this golden opportunity to congratulate the Council members upon your election. I also congratulate the President and Vice President who were elected this morning.
 
I thank the outgoing President with his Council and members of PAEB for the support rendered in strengthening the examinations process.  We continue to have a strong foundation for the sustainability of the Institute.
 
As you all know, The Accountants Act, 2013 mandates us to conduct accountancy examinations. Currently, we conduct examinations for three courses, which are duly approved by the National Council for Higher Education, namely:
1.  Accounting Technicians Diploma (ATD)
2.  Certified Public Accountants (CPA)
3.  Certified Tax Advisor (CTA)
 
The June 2018 examinations for the three courses were conducted from 28 May to 1 June 2018 at 7 examinations centres of Arua, Fort Portal, Gulu, Kampala, Mbale, Mbarara and Nkozi. 
 
A total of 6,142 candidates attempted the examinations.
 
2.0   ACCOUNTING TECHNICIANS DIPLOMA (ATD)
 
There were 271 candidates who attempted the June 2018 examinations compared to 308 candidates in November 2017. 
 
The overall average pass rate increased from 40.5% in November 2017 to 44.4% in the June 2018 sitting.
 
The individual subject performance was as follows

		June 2018			November 2017
	Subjects	No. of candidates	Pass		No. of candidates	Pass
			No.	%		No.	%
1	Business Accounting	63	15	23.8%	74	27	36.5%
2	Business Communication	35	23	65.7%	49	33	67.3%
3	Business Mathematics & Statistics	54	13	24.1%	81	39	48.1%
4	Principles of Law	57	34	59.6%	63	18	28.6%
5	Economics	37	28	75.7%	54	30	55.6%
6	Introduction to Management Accounting	100	15	15.0%	118	23	19.5%
7	Law of Business Associations	57	29	50.9%	47	9	19.1%
8	Information Systems	44	32	72.7%	41	21	51.2%
9	Business Management	36	12	33.3%	44	30	68.2%
10	Financial Accounting	42	23	54.8%	44	14	31.8%
11	Principles of Taxation	56	29	51.8%	61	15	24.6%
12	Entrepreneurship	34	28	82.4%	48	32	66.7%
13	Principles of Auditing	52	15	28.8%	67	29	43.3%
	Total	667	296	44.4%	791	320	40.5%

 
In terms of gender, 50.3% of those who passed were female and 49.7% were male.
 
Furthermore, 52% of the candidates who passed made it on first attempt.
 
It is important to highlight that 65% of those who passed were in the age bracket of 18-24 years. This implies that they are likely to serve the economy for a long time.
 
The following were the top candidates:

S/N	Subject	Surname	First Name
1	Business Accounting	Twalib	Halima
2	Business Communication	Kasusse	Aloysius
3	Business Mathematics & Statistics	Gumoshabe	Leonard
4	Principles of Law	Nakato	Fatuma
5	Economics	Okello	Godfrey
6	Introduction to Management Accounting	Omoyen	Daniel
7	Law of Business Associations	Karunga	Joseph
8	Information Systems	Nakayenze	Mildred
9	Business Management	Naluyange	Prisca
10	Financial Accounting	Nayebare	Racheal
11	Principles of Taxation	Kinene	Fagil Kyobe
12	Entrepreneurship	Agaba	Joshua
13	Principles of Auditing	Bafuta	Andrew

 
Coincidentally, 19 candidates completed the ATD course like in November 2017 (See Appendix 1).
 
Cumulatively, 1,708 students have completed the Accounting Technicians' course.
 
3.0   CERTIFIED TAX ADVISOR (CTA)
 
There were 101 candidates who attempted the June 2018 examinations compared to 103 candidates in November 2017. 
 
The individual subject performance is as follows:

		June 2018			November 2017
Paper	Subjects	No. of candidates	Pass		No. of candidates	Pass
			No.	%		No.	%
1	Principles of Accounting	9	4	44.4%	13	2	15.4%
2	Business Law	5<