The chances of passing the Common Final Examination (CFE) generally fall within the range of 71.3% to 73.6% based on combined average pass rates, with the 2022 CFE specifically seeing a pass rate of 71.3%.
Understanding CFE Pass Rates
The Common Final Examination (CFE) is a rigorous assessment for aspiring Chartered Professional Accountants. The pass rates provide a clear indication of the historical success rates for candidates undertaking this examination. These percentages represent the combined averages of both the May and September sittings of the CFE, offering a comprehensive view of candidate performance throughout the year.
Specifically, the pass rate for the 2022 CFE was 71.3%. This figure contributes to the broader understanding of the examination's difficulty and candidate readiness.
Key CFE Pass Rate Statistics
To provide a clearer overview, here are the key pass rate statistics:
Metric | Pass Rate | Notes |
---|---|---|
General Combined Average | 71.3% - 73.6% | Averages from both May and September CFE sittings. |
2022 CFE Pass Rate | 71.3% | The specific pass rate recorded for the 2022 CFE. |
Year-over-Year Trends
An important trend to note in CFE pass rates is a general decrease over time. There has been an observed decline of approximately 2-3% year-over-year in overall pass rates. This trend suggests a slight shift in the examination's outcomes or candidate performance over consecutive years.