Business: Deloitte Board Candidates Excel Once Again
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Overall, the firm achieved a pass rate of 71%, which is on a par with last year’s 72% pass rate. A total of 332 Deloitte candidates passed the exam. SAICA’s national pass rate was 58% (1 972 candidates). The pass rate for first time candidates at Deloitte was 81%.
Sixty-seven percent of African Black candidates at Deloitte passed (2008: 68%), comparing favourably with the SAICA national average of 45% (2008: 42%).
“These results reflect how seriously we take our recruitment and the support we provide to our audit candidates. In particular, we are extremely pleased with the performance of the candidates who achieved the top ten ranking as well as the stellar results brought in by our African Black candidates,” remarked Geoff Pinnock, national audit leader, Deloitte Southern Africa.
Melanie Cope from Johannesburg and Port Elizabeth-based Craig Tudhope were placed joint first nationally. Both achieved honours. Andrew van der Burgh from Pretoria was placed fifth with honours.
“We attribute our firm’s success not only to the high calibre of talented trainees at Deloitte, but also to the high level of investment in our people in terms of training and support.
“In the first three years of an audit trainee’s life at Deloitte, they spend an average of 53 days in the classroom. This excludes on-the-job coaching, e-learning opportunities and paid QE study and exam leave,” said Pinnock.
The budget for formal audit training each year is R23-million, which equates to an average of R60 000 per trainee over three years.
“Our strategies for preparing audit trainees include structured and monitored mentoring programmes in conjunction with a range of supporting tutorials in addition to mock exams. This process has been refined over the years and continues to bear fruit for the audit profession in our country,” commented Pinnock.
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