4,066 out of the total 8,525 candidates passed the recent CPA Licensure Examinations (October 2011). That’s a whopping 47.7% passing percentage — compared to that during our time ten years ago, which was around 17-18% only.
Okay, so now I’m making a bold statement here. But this is just my opinion, and this is my blog.
I personally believe that passing the CPA board exams is not a matter of whether you pass or fail. It’s not you versus the exams per se. Instead, it’s you versus the other candidates to make it to the top whatever percent the examiners wish to pass.
That’s why I find it rather unfair that they only allowed a really small percentage of examinees — less than 20% — to pass during our time. I’m sure
some many of our contemporaries would have otherwise made it if they took the exams today, and thus enjoy the status as such — a licensed CPA. Statistics, by itself, does not necessarily mean the candidates of our time in general are any less intelligent/brilliant than the candidates of today.