OFFICIAL STATEMENT ACCOMPANYING THE RELEASE
OF THE RESULTS OF THE PUBLIC PRACTICE
EXAMINATION 2014
Statement Issued 27 February 2015
Today, the Independent Regulatory Board for Auditors (IRBA)
released the results of the 2014 Public Practice Examination
(PPE) – the final assessment of professional competence for
candidates wishing to register as Registered Auditors (RA) or
Chartered Accountants (South Africa) (CA (SA)). This was the
last time that the PPE was presented in this format because of
the changes to the structure of the IRBA's final assessment of
professional competence. The 2014 examination was aimed
at providing a final opportunity for candidates (mainly repeat)
to demonstrate their professional competence.
The overall pass rate for the PPE, written in November 2014, is
56%. The pass rate achieved in 2014 cannot be compared to
pass rates in previous years due to the very different
composition of the candidate population. Although the results
of the 2014 PPE are lower than usual, the IRBA is pleased to
announce that of the 724 candidates who wrote the
examination, 407 candidates passed.
Only one candidate achieved honours (above 75%) and the
IRBA would like to congratulate Mr Molefi Mphirima on this
achievement. Due to the nature of the 2014 assessment and
candidate population, the IRBA decided not to announce a list
of the top ten candidates as has been the practice in previous
years.
of the profession is at the forefront of the
IRBA's agenda. In this regard the IRBA is delighted at the
throughput rates for Black candidates. Of the 531 Black
candidates that entered the 2014 PPE, 301 passed, resulting
in an overall pass rate of 57%.
The IRBA is particularly pleased to announce the results of the
2014 IRBA Support Programme. The IRBA has presented a
support programme for Black repeat candidates on an annual
basis for the past 13 years. In 2014, Fasset (the Seta for
finance, accounting, management consulting and other
financial services) once again provided the IRBA with funding
for the Support Programme. The candidates who attended the
Support Programme achieved better results on each question
Overall results
Transformation
Transformation
than repeat candidates who did not attend the IRBA's
programme. Of the 231 Black candidates who successfully
completed the programme 145 passed, representing a pass
rate of 63% compared to a pass rate of 52% achieved by Black
candidates who did not attend programme.
The PPE in its current format was written for the last time in
2014. In future, all candidates wishing to become RAs will be
required to successfully complete SAICA's Assessment of
Professional Competence (APC) and training contracts
(articles), register with the IRBA as a Registered Candidate
Auditor and undertake a specialisation period in an audit firm.
Specialist training for candidate RAs will take a minimum of 18
months and candidates will be required to demonstrate their
professional competence on the job with the submission of a
portfolio of evidence at the end of the specialism period.
Please refer to the IRBA's website for further information on
theAudit Development Programme (ADP)
.
es to acknowledge the significant contribution
made by the various education institutions, training offices and
SAICA towards the success of the PPE and the profession
over the years. The IRBA also extends a special word of
gratitude to the Examination Committee members who have
worked tirelessly over the years to ensure that the standard of
the examination has remained consistent and that the
examination continued to be relevant for a changing
profession.
The PPE has served the IRBAwell over the last 16 years and it
has positioned the RAdesignation as an internationally sought
after and respected brand. It is therefore with bitter sweet
nostalgia that the IRBAbids a final farewell to the PPE.
The IRBA wishes all candidates who have successfully
passed the PPE over the years well and thanks them for their
role in providing public protection both locally and
internationally.
The IRBA released the results for the 2014 Public Practice
Examination (PPE) on 27 February 2015 and also bid farewell
to Ms Hermien Drotsky, the Examination officer who retired
after five years of being an administrator to the PPE. The
department expressed its gratitude for the professional
services Ms Drotsky gave to the PPE over the years and
The end of an era
In conclusion
The IRBA wish
PPE results released
EDUCAT I ON , TRA I N I NG
AND PROFESS I ONAL DEVELOPMENT c o n t .
4
Issue 28 October 2014 - March 2015
