Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Chartered Accountancy Charter

Section D : Challenges

17. Present and Future Activities

17.4 Challenges and Identified Strategies

17.4.1 Education

(c) Postgraduate and QE level

Purchase cart Previous page Return to chapter overview Next page

 

Challenges

Strategy

Programmes

Measures

•Poor throughput pass percentages at undergraduate and postgraduate levels amongst black students (mainly due to socio-economic problems)
•Poor pass percentage achieved by black entrants in the QE
•Perceived lack of transparency of the whole examination process (i.e. the setting, marking and adjudication of the QE)
•A focus primarily on technical skills, which leaves students unprepared for the life skills in their professional lives
•Many historically black institutions are still unable to achieve accrediation
•CTA (postgraduate level study) standards vary considerably
•A lack of funding leads to many black students studying on a part-time basis. This in turn means that they take longer to obtain a tertiary qualification
•Lack of an effective learning model — many students work hard, but not effectively
•Lack of mentoring and monitoring contribute to a high dropout level and poor throughput pass percentages
•To widen the scope of tertiary education to include life skill training and socio-economic coping mechanisms
•To attain uniformity of standards among all tertiary institutions
•To improve the provision of bursaries for the development of black CAs
•To provide more and better supervision with regard to bursaries
•To provide support mechanisms for black students at tertiary level, financially and particularly socially
•To ensure that (black) students are aware of all career and training opportunities at not just the bigger firms but also small and medium firms and all accredited training organisations
•To ensure, by means of the current education programmes and working with tertiary institutions, that black pass percentages in the QE equate to or are better than their white counterparts
•To introduce a formal education programme for repeat black QE candidates
•To publicise and communicate the marking and adjudication process
•To involve more black CAs in the setting, marking and adjudication process of the QE
•CTA/QE project 2005/6
•CTA/QE project 2004
•Thuthuka Small Practices Project 2006 to 2009 (Approved in 2005)
•University of Fort Hare Postgraduate Project 2006 (Approved in 2005)
•University of Johannesburg Postgraduate Project 2006 (Approved in 2005)
•Increased number of students entering tertiary institutions studying towards CA(SA)
•Students numbers that are representative of the population demographics both with regard to gender and race
•Pass percentages of all race and gender groups are equal