May 2023
The ICAEW March professional level exams are out, and for those who sat just one paper the pass rate was 74.3%.
That means 25.7%, or 613 students, came away from the March sitting with nothing to show this time around. Some 316 students opted to sit three papers and 72.5% of these sitters passed all three, another 17.1% passed two out of the three they sat.
When it comes to the papers, Business Strategy and Technology had the highest pass rate at 91.7%. The lowest pass rate this time around was the FAR (UK GAAP) paper with 61.5%, but only 13 students sat this paper in March. All the other paper pass rates ranged from 74.8% to 80.5% (see below).
A total of 3,937 students sat in the March 2023 session, and some 5,786 exams were attempted. In all 2,908 students passed all the exams they sat and some 914 now move on to the final level, having passed all the professional papers. Of these, some 433 passed all their level papers without failing an exam.
CAEW MARCH 2023
PROFESSIONAL LEVELS PAPER PASS RATES: Audit & Assurance 74.8%; FAR (IFRS) 80.5%; FAR (UK GAAP) 61.5%; Tax Compliance 75.3%; Business Planning: Tax 76.6%; Business Strategy and Technology 91.7%; Financial Management 80.5%
