Pass Rate on CPA Exam Hits 3-Year Low

Statistics from the AICPA show that first-quarter passing rates for the CPA exam have reached a three-year low, according to Accounting Today.

• The biggest drop occurred in the Regulation portion of the exam. Passing rates for the REG section were 41.28% in the most recent quarter, down from 49 percent in the year-ago quarter.
• Accounting Today notes that the AICPA has made some changes to the tests recently, which may account in part for the lower scores.