If I am understanding the OP's description correctly, this sounds all too common in terms of a narrow, tick-box target and examination driven culture where what is needed to be done to gain the certificates is driven to the detriment of longer-term musicianship. The lack of aural and theory confirms this.
Not covering exam aural preparation doesn't necessarily mean a lack of aural awareness though coverage of exam requirement would be desirable as part of preparation for an exam.
Likewise it's possible to have a decent working knowledge of 'practical' theory while still having some gaps with regard to theory exams. These gaps would be fairly quickly sorted though.