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I special reports I qualifying exams two 10 TOP 10 Statistics Part II of the Qualifying Examination (Financial Management) SAICA is extremely pleased with the Further, one of the Top 10 candidates excellent pass rate achieved in the Part II is a repeat candidate. Having a repeat Financial Management Exam (QEII) written candidate in the Top 10 is extremely rare as in November 2008. An overall pass rate of statistics show that the chances of success 79% (previous year 53%) was achieved. amongst repeat candidates is lower than that of first time candidates, but the 2008 The first time candidate pass rate was 81% results revealed that if repeat candidates compared to 63% in the previous year. apply themselves diligently, qualifying for Repeat candidates also performed well in the CA(SA) designation is obtainable as this exam with a 64% pass rate compared evidenced this year. to last year’s 41% pass rate. See Key Statistics table below. The excellent pass rate is ascribed to a 35 combination of factors, among them: • The higher percentage of first-time Key Statistics candidates writing the examination (85% of the exam candidate population QE PART II – FINANCIAL MANAGEMENT compared to 50% in the previous year); • The implementation of a new case study FIRST TIMERS VS REPEAT CANDIDATES (2007 VS 2008) format which was introduced in 2007 and Fail Pass TOTAL % Pass which tests candidates’ ability to integrate First timers 32 140 172 81% and apply their technical and professional Repeats 10 18 28 64% skills in a written exam. This exam now features two separate integrated case TOTAL 2008 42 158 200 79% studies for which all candidates are given First timers 28 48 76 63% 20 minutes additional reading time before Repeats 41 29 70 41% commencing with the writing of the TOTAL 2007 69 77 146 53% examination; • Both candidates and training officers put a substantial effort into preparation for the examination; and The top 10 candidates for 2008 are: • Candidates receiving outstanding support from the SAICA-accredited PLACE NAME FIRM Accounting Professional Training (APT) programme in the form of additional 1 Mitan Nana * Investec Bank Ltd lectures, simulated examinations and 2 Andrew Da Costa * Investec Bank Ltd group tutorials. 3 Munyaradzi Muvezwa Standard Bank of South Africa 4 Lwanda Cenge Investec Bank Ltd Mr Mitan Nana and Mr Andrew Da Costa, both trainees from Investec, achieved 5 Ruveshan Moodliyar First Rand Bank honours being an average of higher than 6 Stuart Simpson Standard Bank of South Africa 75% in the QE II. 7 Niriksha Singh Standard Bank of South Africa In addition SAICA is pleased with the fact 8 Rona Louwrens Altron Management Services that 6 of the Top 10 candidates are Black 9 Borg Sauber First Rand Bank (3 African and 3 Indian). Two of the African 10 Mpho Mogoba Absa Bank candidates who were placed in the Top 10 * With Honours completed the Part 1 Thuthuka Support Programme in 2007 . asa I april 2009 I special reports I qualifying exams two Top Ten Candidate Profiles 1 2 3 Mitan Nana (23) CA(SA) – Andrew Da Costa (25) CA(SA) – Munyaradzi Muve
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