Zambia Institute of Chartered Accounts (ZICA) President Frederick Banda has announced that the December examinations have been nullified due to leakage of examination papers.
Mr. Banda said ZICA instituted investigations following reports of leakage of examination papers and established that five out of the 20 papers, representing 25% of the examination papers were tampered with by people.
This is contained in a press statement made available to ZANIS Lusaka today by ZICA President Frederick Banda.
He said ZICA has decided to preserve the dignity of the ZICA qualification by nullification of the December examination papers saying they cannot allow a few students to engage in criminal activities and dent the good image of ZICA.
Mr. Banda said ZICA has a duty to the public to ensure that only generously qualified people should be admitted in the ranks of the accountancy profession hence it has regretted the inconvenience caused to many students by the action taken.
He said they have since referred the matter to the law enforcement agencies to help with investigations adding that ZICA wants to ensure that they produce accountants of the highest level of personal integrity.
Mr. Banda has since commended the affected students who came forward to complain to ZICA.
He said another examination session will be held in March 2014 for the students who have been affected to ensure that there is a level playing field for all the students and that the timetable will be announced in the student accountant magazine.