INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA 2018 RESULTS

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In short
On behalf of the Public Accountants Examinations Board, I congratulate those candidates who passed their various examinations papers, the top candidates and those who have completed the respective courses. I also encourage those who have not make it to persevere.

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
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