Less than a quarter of South Africa’s chartered accountants (CAs) are black, with Africans comprising only 9% of the total registered CAs in the country.
The figures were highlighted during a function organised by Eastern Cape government departments, the auditor-general and private firms to fete local candidates who passed their initial test of competence (ITC), one of the steps on the road to qualifying as a CA.
PWC director Asanda Myataza said at the function, held under the auspices of the Association for the Advancement of Black Accountants of Southern Africa (Aabasa), that the profession should remain committed to efforts to increase the numbers of black entrants to accounting.
Myataza said the number of black accounting professionals had grown to the current level from less than 2% in 2002.
The SA Institute of Chartered Accountants is the custodian of the assessment of professional competence test, which includes the ITC, undertaken at the end of university studies.
The focus of the ITC is on the technical skills that candidates are expected to exhibit at the entry level into the profession.
A total of 1002 black candidates passed the most recent ITC examination in January.
Myataza said that evidence still existed of the racial inequalities that Aabasa was founded to address.
SA in need of more black accountants
The figures were highlighted during a function organised by Eastern Cape government departments, the auditor-general and private firms to fete local candidates who passed their initial test of competence (ITC), one of the steps on the road to qualifying as a CA.
PWC director Asanda Myataza said at the function, held under the auspices of the Association for the Advancement of Black Accountants of Southern Africa (Aabasa), that the profession should remain committed to efforts to increase the numbers of black entrants to accounting.
Myataza said the number of black accounting professionals had grown to the current level from less than 2% in 2002.
The SA Institute of Chartered Accountants is the custodian of the assessment of professional competence test, which includes the ITC, undertaken at the end of university studies.
The focus of the ITC is on the technical skills that candidates are expected to exhibit at the entry level into the profession.
A total of 1002 black candidates passed the most recent ITC examination in January.
Myataza said that evidence still existed of the racial inequalities that Aabasa was founded to address.
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