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Review of Related Literature and Studies PDF
Review of Related Literature and Studies PDF
The literature and studies cited below are about the assessment of the performance of the
accountancy graduates in the CPA Licensure Examination.
Related Literature
The latest CPA board exam result is quite intriguing in terms of the passing percentage
that made some accountants ponder. At 27% overall passing rate, that’s way too low in
comparison to previous exam results. In recent occasions, the passing rate has gone from 30% to
40% on average and not below this range. I also think that the last May 2013 exam is special
which I will let you know later. And so I made a summary of the previous exam results and try to
look for a pattern of some sort or maybe a trend from which we could attribute this sudden
change in passing rate. I think 10 years or 20 exams would be appropriate as our data. Personally,
I would also want to know how things have changed ever since I took the exam years ago.From
the above summary, the following are the CPA Board Exam results and numbers for the past
decade plus some interesting trivia.
– When it comes to the top spot, there is no clear dominance of any school except for UP and
DLSU. Other top schools are also represented.
– The lowest passing rate for the past decade is 20% back in the year 2003. In addition, ten years
before that, it was only 17% in 1993.
– In May 2008, twin brothers made it to the top ten – Charles Bryan Marinas Tan was number 8
and his brother Christopher Ryan Marinas Tan was number 10.
– For the past decade, the number 1 spot has been tied twice. That was in October 2009 by two
candidates from two different schools and in October 2012 by two candidates from UST.
– The number 1 in the most recent CPA exam last May 2013 is also a registered nurse.
Interestingly, he was also a topnotcher placing number 6 in the Nursing board exam last 2007.
– What makes the May 2013 special is that it recorded the highest change or variation that
occurred in passing percentage, dropping a whopping 20%. That’s from 47.78% in October 2012
to 27.41% in May 2013.
– And finally, if you look closely, you will notice the great disparity of passing percentages
between the May and October exams. It seems that the May exams have the lowest passing rates.
This has created the perception from accountants that the May exams are harder than the October
which is obviously debatable.
Overall, there’s really no pattern or trend we could construct here except that there has been a
considerable increase in the number of takers and passers every year with a slight increase in
passing rate as well. We can expect a sudden increase in passing percentage this coming October
2013. I would predict between 40% to 50% and base on the increasing number of exam takers,
we might have over 10,000 takers this time.
Related Studies
The study analyzed the performance of CABEIHM graduates in the CPA Licensure
Examinations given by the Professional Regulation Commission (PRC). The ratings obtained in
the seven subject areas of the CPA board exam, namely, Theory of Accounts, Business Law and
Taxation, Management Services, Auditing Theory , Auditing Problems, Practical Accounting
Problems I, and Practical Accounting Problems II.