The South African Institute of Chartered Accountants (SAICA) in March released the Initial Test of Competence (ITC) results. This year the results indicated a 59 % pass rate compared to a 64% in 2021. The ITC is one of the steps taken along the route to becoming a chartered accountant.
SAICA Executive for Learning, Development, and National Imperatives Robert Zwane says ITC tests the integrated application of technical competence that candidates develop within their programme.
“The ITC assesses how well a candidate evaluates the underlying problems in a given scenario through logical thinking and applying the theoretical knowledge that they have gained at the university. To pass the ITC candidates must firstly achieve a minimum of at least 50% but must also achieve a sub-minimum of at least 40% in three of the four professional papers. So, currently, ITC is written over two days and in each of the days there are two papers.”
Below is a podcast with SAICA Executive for Learning, Development, and National Imperatives Robert Zwane :