The pass rates are in for the 3,377 PQs who took the March Professional exams. Some 2,596 students passed all the exams they took.
The best pass rate prize goes to Business Strategy & Technology. The 907 sitters here managed a 94.7% pass rate. Meanwhile, those sitting the Audit & Assurance exam brought in a pass rate of 89.2%.
However, the stand-out pass rate this time around was FAR (UK GAAP) – with a 14.3% pass rate. However, just seven PQ sat this paper compared to over 700 in all the other papers.
Hazel Garvey, ICAEW Managing Director for Education and Training, said: “These exams took place while the UK, and some other locations, were in lockdown and as a result were the biggest-ever sitting of exams by remote invigilation. The results are a testament to students’ commitment and adaptability to new ways of working over the past 12 months, which will stand them in good stead for the rest of their careers.”
ICAEW MARCH 2021 PROFESSIONAL PASS RATES: Audit & Assurance 87.7%; Financial Accounting & Reporting (IFRS) 82.3%; Financial Accounting & Reporting (UK GAAP) 14.3%; Tax Compliance 81.9%; Business Planning: Taxation 88%; Business Strategy & technology: 93.2%; Financial Management 85.1%. For all the latest news go to www.pqmagazine.com
