Bermudian trio pass gruelling UFE
A trio of Bermudians have passed a gruelling three-day accountancy exam.
The three all passed the tough Uniform Final Examination (UFE) in chartered accountancy in Canada.
Caroline Berlo and Kim Johnson of professional services firm Ernst & Young and Jozelle Escolastica of financial services firm KPMG all successfully completed the series of tests — the last of its kind to be held.
Annarita Woolridge Marion, the president and CEO of Chartered Professional Accountants of Bermuda (CPA) said that the UFE will be replaced by a unified examination to include chartered accountants certified management accountants and certified general accountants.
Ms Woolridge Marion added: “It’s huge — people don’t understand how hard it is. One of the girls nearly passed out with relief when she finished.”
The exams cover tax, audits and information technology and involves analysis of business cases where candidates have to give evaluations.
Ms Woolridge Marion said: “It’s an integrated exam — you’re not just regurgitating things. You have to integrate your knowledge.
“It’s quite a taxing exam and these students study hard for it. You have got the best of the best there.”
Gang members invited to join peace walk
We have no bananas: pest hits imports
Economist warns to expect deficit of $30m
Santucci defends public schools system
Candidates agree Olde Towne needs a boost
Defence opens case in Gibbings murder trial
Having designs on the carnival scene
Momentum grows for global minimum tax rate
Dickinson: no bailout for retailers
End of the road for Longbird Bridge
Miles Outerbridge: 1933-2020
Dickinson pressed on immigration and debt
Pioneering Gil always looks ahead
At an economic crossroads
Paget Primary takes dose of health history
Woman pushed police officer in chest
Take Our Poll