The CIPFA December pass rates are in and Audit and Assurance (AA) stood out for all the wrong reasons – with a 46.38% pass rate. Both Developing Strategy and the Strategic Public Financial Management papers also had pass rates below 60% – at 53% and 58.33% respectively.
Anna Howard, CIPFA Head of Qualifications Innovation and Development, said: “AA is one of the first written, non-computational exams taken by students. As a theoretical subject introduced early in the qualification it presents unique difficulties for both examiners and students.
Recognising this, the CIPFA team has spent the past year enhancing the audit workbooks to make the content more engaging and practical, helping students bridge the gap between theory and application.
“CIPFA students tend to have limited hands-on experience in external audit, making this subject particularly demanding.
The CIPFA assessment team will continue to closely monitor student performance and explore innovative ways to teach and assess this complex yet vital area.”
CIPFA DECEMBER 2024 PASS RATES:
Audit & Assurance 46.38%; Business Planning & Financial Management 73.53%; Business Reporting 64.71%; Developing Strategy & Data Analysis 53%; Financial Accounting 92.97%; Governance & Risk Management 89.3%; Implementing Business Change 82.19%; Management Accounting 95.81%; Tax & Law (UK) 98.88%; Tax & Law (international) 100%; Public Sector Financial Reporting (international) 92.5%; Public Sector Financial Reporting (UK) 74.44%; Strategic Case Study 73.2%; Strategic Public Financial Management 58.33%
