Only 37 are eligible to become chartered accountants
A total of 37 applicants successfully passed the final hurdle, on Friday April 23, to become full-fledged Chartered Accountants for the benefit and benefit of the public and private sector in Namibia. The 37 winners represented 38% of the candidates registered to take the localized professional skills assessment (PCA) exam, written on December 17, 2020.
Due to the Covid-19 regulations, applicants either obtained their results by email or chose to collect their results envelopes at the headquarters of the Institute of Chartered Accountants of Namibia (ICAN). Applicants also received sponsored gifts from Capricorn Group.
While the results reflect a drop in the pass rate, which was 51% for the APC cohort as of December 2019, the ICAN says it demonstrates the high professional standards required of future Chartered Accountants (CAs) to qualify.
“ICAN’s commitment to its members and the public is that the CA (NAM) designation is of the highest level of excellence, capable of meeting the demands of the future market, driven by 21st century skills,” said ICAN President Arne Stier said in his letter to all applicants.
Stier also underscored ICAN’s pride in its transformation initiatives across the pipeline, which are bearing fruit and translating into more African and female applicants.
The transformation initiatives ensure a constant flow of well-qualified professional accountants who are representative of the country’s demographics in the Namibian economy. 73% of the candidates who wrote the December 2020 CPA are previously disadvantaged, of which 51% are previously disadvantaged women.
Stier also congratulated Waylon Wentzel, who secured a place on ICAN’s prestigious APC Honors Board. The board is made up of candidates who demonstrate outstanding performance and show the greatest insight into how they complete the APC.
ICAN is Namibia’s main accounting body, with over 700 full chartered accountant members. The chartered accountancy profession opens the door to a wide range of exciting career opportunities across all sectors of business and finance, and successful applicants are encouraged to see themselves as part of the nation’s development.
“As one of the largest financial services groups in Namibia, Capricorn Group is proud of its partnership with ICAN and will continue to sponsor and support the Institute’s efforts to ensure the highest standards of excellence. for the accounting profession in Namibia, ”said Group Director: Brand and Corporate Affairs Marlize Horn.