Kiezzy Skeef, a 24-year old KwaZulu-Natal woman doing her articles has passed Part 1 of her chartered accountancy board exams, being the first woman from the Durban accounting firm BDO office to complete the Initial Test of Competence (ITC) Boot Camp.
Sally Juckes and Kiezzy Skeef BDO
The ITC Boot Camp is run by the SA Institute of Chartered Accountants (SAICA) which is one of the Thuthuka initiatives to help people prepare for their Part 1 Board exams. Funding for coloured candidates, including Skeef, was provided by the Bank SETA for the first time this year.
"Research shows that the pass rate of those who attend Boot Camp is between 15 and 20% higher than those who don't," says Sally Juckes, partner of Audit and Assurance at BDO in Durban. "We are proud to say that, while the national pass rate for the CA Part 1 Board exam is 41%, BDO's average is 46%."
Skeef joined BDO in January last year having completed her CTA, the Hons B.Compt degree accredited by SAICA, through Unisa. At the end of her three-year B.Compt degree, she worked in a recruitment agency for a year to save the money needed to pay for her Honours and also to give her money to live on.
Intense studying
Earlier this year, each regional office of BDO was asked to nominate staff members to attend Boot Camp. Juckes approached Skeef to ask if she was keen to participate, and her name was the only one from BDO Durban submitted to SAICA, along with others from BDO's Gauteng and Cape Town offices.
Skeef was one of those selected by SAICA to participate in the course and the Johannesburg Boot Camp was chosen as the most suitable venue. Skeef spent an intense month studying during the day, attending lectures every night of the week and writing a test every Saturday morning. At the end of the course, in June this year, the candidates wrote the Part 1 CA Board Exam. Of the 188 people who attended the 2013 Boot Camps in Johannesburg and Cape Town, 114 passed the Board exam, including Skeef.
Skeef's next step is to do her Auditing Professional Training exam before she can go on to take the Part 2 Board exam in November which will allow her to qualify as a CA. Her preparation starts at the end of September with lectures at the Westville Country Club. Results will be announced at the end of February 2014 and Skeef will complete her articles in January 2015.
"The pass rate for the Part 2 exam is usually higher than for Part 1," says Juckes. "In any event we are very proud of Kiezzy's achievements so far and are confident that she will go on to pass her final exams in November."