One hundred and twenty two prospective chartered accountants passed Part One of the Qualifying Examination written in January this year, the Institute of Chartered Accountants of Zimbabwe revealed last week when the results were announced.

With 222 students having sat the examination, this represents a pass rate of 55% compared to the 62% obtained last year.

ICAZ’s Examination Board Chairman, Bryan Thorn expressed satisfaction with the performance although there was I drop in the pass rate.

“Although not as good as last year, this year’s results are still satisfactory but performance in Tax and Auditing topics was disappointing” he said.

Mr. Thorn also revealed that the overall best student in this examination was awarded to Tinashe Matilda Chikara

The successful candidates will now go on, after completing their specialism courses in either auditing or financial management, to write later in the year either Public Practice Examination (Auditing) or Qualifying Examinations Part Two (Final Management), which constitutes the second and final part of their qualifying examination.

The students study for their examinations alongside the practical training, while serving articles of clerkship with an accounting firm, or a company accredited as a training office by ICAZ. Those who begin training without having obtaining a relevant accounting degree, study by correspondence for a B. Compt degree from the University of South Africa (Unisa) before sitting for the Zimbabwe Certificate of Theory in Accounting.

Those who wish to train as auditors train inside public practice (TIPP) with an auditing firm, while those who do not wish to be auditors can train outside public practice (TOPP) with an accredited training company.

The Institute of Chartered Accountants of Zimbabwe is one of the major accounting bodies in Africa and is a full member of International Federation of Accountants and Central (IFAC), Eastern Central and Southern African Federation of Accountants (ECSAFA) and the Pan African Federation of Accountants (PAFA).

ICAZ aims to enhance the International standing and recognition of the qualification Chartered Accountant (Zimbabwe), for the benefit of its members, to support them in providing quality services in the public interest

The institute also seeks to be the pre-eminent professional body in the development and promotion of accountancy, assurance and advisory services, business and good governance practices.

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The media release was prepared by the Institute’s Public Relations Office. For more information contact Dillon Kamutenga on 252672 0r 0773842214 or [email protected]