PracticePeople In PracticeExam results – Cheers as pass rates climb

Exam results - Cheers as pass rates climb

Anxious part-qualified chartered accountants gathered at London's major railway stations on Friday night to discover their final exam results in traditional manner.

PricewaterhouseCoopers’ Tew Berry said: ‘Deep down, I should be confident but the nerves have started to spiral.’ He waited until reaching Clapham Junction before learning his fate. ‘It’s superstition,’ he explained.

The release of the English ICA’s results followed last month’s pass figures from ACCA and CIPFA. The English ICA and ACCA saw overall pass rates climb, but CIPFA saw its rate drop by 9%.

Last year’s 59% English ICA success rate was surpassed by this year’s 2,501 candidates, with 61% celebrating over the weekend. Nearly half the candidates were first-time sitters. Of these, 1,242 passed, making a pass rate of 83% – up from 80% last summer.

Phil Armitage, director of education and training at the English ICA, said: ‘The demand for young chartered accountants has rarely been higher than it is today.’

For ACCA, 3,716 students took the final exam, with an overall pass rate of 40%. Mark Protherough, ACCA head of student affairs, said: ‘The demand for ACCA training is growing rapidly and our qualification is the most attractive financial management qualification worldwide.’

But the pass rate for CIPFA fell by nearly 10% from last year’s 58%, with just 218 students sitting the summer exam.

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