CIPFA publishes June 2011 pass rates

29-07-2011

Students from the Chartered Institute of Public Finance and Accountancy (CIPFA) have achieved an excellent set of results in the June examinations, with significant improvements in many papers on the already impressive marks from the exams in December 2010.

The pass rate for Finance and Management Case Study (75%), part of the Final Test of Professional Competence, was up a full 11% on December 2010 and was the highest figure achieved since June 2004.  Company audit at 92% had the highest overall pass rate whilst Taxation at 86% was second.

Compared to the previous sitting, these results show increases in the pass rate of eight subjects whilst three pass rates remain the same and three pass rates are lower than the previous sitting.

CIPFA Education & Membership Director, Adrian Pulham, said:

‘Congratulations to these students for their hard work.  It is clear the CIPFA qualification offers an unprecedented opportunity for those in public finance to advance their careers in today’s austere fiscal climate’.

Ends

Contact: Lindsay Machin / Chloe Forbes
CIPFA Press Office
t 020 7543 /5645/5787
e lindsay.machin@cipfa.org.uk/ chloe.forbes@cipfa.org.uk

Notes to Editors:

Subject

Pass rate (%)  June 2011

Pass rate (%)  Dec 2010

Financial Reporting (FR)

75

71

Management Accounting (MA)

63

73

Financial Management Systems & Techniques (FMST)

66

66

Financial Accounting (FA)

61

82

Audit and Assurance (A & A)

71

85

Company Audit (CA)

92

80

Leadership and Management (L & M)

74

69

Financial and Performance Reporting (F & PR)

63

63

Governance and Public Policy (G & PP)

71

56

Accounting for Decision Making (ADM)

73

70

Public Finance (PF)

76

75

Taxation

86

76

Strategic Business Management (SBM)

78

78

Finance and Management Case Study (FMCS)

75

64

About CIPFA

CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by our in-house CIPFA Education and Training Centre as well as other places of learning around the world. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. They include information and guidance, courses and conferences, property and asset management solutions, consultancy and interim people for a range of public sector clients. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services. This includes the development of local professional qualifications in African countries like Lesotho and Nigeria and in Europe in post conflict states in the Balkans.