A total of 4,194 students sat the March 2025 Professional Level exam session. Some 6,486 exams were attempted (an average of 1.5 paper per PQ), with 3,154 passing all the exams they took.
However, 679 ACA PQs failed all the papers they sat. One student sat all six professional paper and failed them all. Two more PQs sat four papers each. One passed them all and another passed three.
The pass rate for those sitting just one paper was 76.9%.
Business Strategy and Technology had the highest paper pass rate in March – 87.4%. If you exclude FAR (UK GAAP), where just two people sat the paper, then the paper with lowest pass rate this time around was Business Planning: Taxation, at 73.5%.
The ICAEW publishes pass rates for Europe and the Rest of the World separately. The 42 students who took the Business Planning:
Taxation paper in the rest of Europe achieved a pass rate of 52.4%, compared with the Europe pass rate of 74.4%.
ICAEW March 2025 Professional Level exam results (all students): Audit and Assurance: 81.2%; Business Planning: Taxation: 73.5%; Business Strategy and Technology: 87.4%; Financial Accounting and Reporting (IFRS): 82.9%; Financial Accounting and Reporting (UK GAAP): 50.0%; Financial Management: 79.4%; Tax Compliance: 81.5%.
