A TOTAL of 1,818 (47.2 per cent) candidates who sat for the National Accountancy Examinations in 14 different centres in Tanzania mainland and Zanzibar have failed their examinations while 703 (18.2 per cent) passed.
According to a statement by the National Board of Accountants and Auditors (NBAA) Executive Director, Mr Pius Maneno, 188 candidates qualify to be awarded the professional certificate of completion of the Certified Public Accountants (CPA) programme.
"NBAA congratulates all those who passed their examinations and encourage those who have failed to work hard in their future examination attempts," the statement read in part.
The results were released on Thursday in Dar es Salaam showing that out of 3,853 candidates who sat for the examinations, 624 (16.2 per cent) candidates were referred meaning they did not pass their exams while 708 (18.4 per cent) were re-referred meaning given a second chance.
Mr Maneno said that the successful candidates make a total of 4,323 successful CPA holders since the Board examinations became operational in May 1975. He said that the number of successful candidates in Module E was 304 (15.0 per cent) out of 2,033 candidates who sat in the module and that 241 (11.9 per cent) candidates had been referred while 280 (13.8 per cent) had been re-referred and a total of 1,208 (59.4 per cent) had failed.
The results also showed that in the intermediate stage module D examinations, 63 (48.1 per cent) candidates out of 131 candidates had passed and 25 (19.1 per cent) candidates had been referred while 28 (21.4 per cent) candidates had been referred and the remaining 15 (11.5 per cent) had failed.
Mr Maneno said that in the intermediate stage module C examinations, 25 (16.0 per cent) candidates out of 156 who had attempted the examinations had passed and 31 (19.9 percent) had been referred while 39 (25.0 per cent) had been re-referred and a total of 61 (39.1 per cent) had failed.
In module B of the foundation stage, 47 (43.1 per cent) candidates out of the 109 passed and 24 (22.0 per cent) candidates had referred while 30 (27.5 per cent) had been referred and 8 (7.3 per cent) had failed their examinations.
As for the foundation stage module A, the number of successful candidates was 24 (36.9 per cent) out of 65 candidates who attempted the examination, while 15 (23.1 per cent) candidates had been referred and 18 others (27.7 per cent) had been re-referred and 8 candidates had failed.
For the accounting technician level II examinations, 23 (19.7 per cent) candidates out of 117 who attempted passed and hence will be issued with Certificates of Completion of the Accounting Technician Certificate Examination while 26 (22.2 per cent) were referred, 12 (10.3 per cent) re-referred and 56 (47.9 per cent) failed.
Mr Maneno said that the results further showed that the accounting technician level I, 44 (33.3 per cent) candidates had passed out of 132 candidates who sat for the examination while 35 (26.5 per cent) had been referred, 26 (19.7 per cent) re-referred and 27 (20.5 per cent) failed.
The Board is expected at its next examinations from May 7 - 10, 2013 in examination centres that will be announced later and called upon all candidates in the referral status to clear their papers by May next year lest they be required to sit for the corresponding papers or modules under the new syllabus.