PracticeConsultingPass rate boost for new ICAS syllabus

Pass rate boost for new ICAS syllabus

Students taking second year exams at The Institute of Chartered Accountants for Scotland have fared substantially better under the Test of Professional Skills syllabus.

Of the 102 students who took the TPS exam, 70% passed under the new format, compared with just 44% who took the old-style exam in February.

This followed another batch of good ICAS results released last week, which saw 81% of students pass the Test of Professional Expertise, the final set of exams students must sit to obtain the CA qualification.

Mark Allison, director of education at ICAS, said the new TPS qualification ‘focused on financial reporting – at the expense of management accounts’ – with the remainder of the course made up of business systems and assurance, advanced finance and taxation.

He said it had been a challenge to keep the CA qualification relevant to ‘today’s business marketplace’, but praised the work of students, firms and the institute in keeping the standards high.

To obtain an CA qualification from ICAS, students must complete three levels of study – the Test of Competence, TPS and TPE – as well as a training contract.

ICAS has become increasingly popular with big firms with Ernst & Young and PricewaterhouseCoopers leading the way as more students begin to train with the Scots body.

With such a dramatic leap in the pass rate, more firms could now be encouraged to follow the lead, with some mid-tier firms already thought to be considering the option.

Links

ICAS syllabus

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer