PQ magazine is for part qualified accountants.
Read the latest web issue here – if you like what you see sign up today
CIPFA June exam results are in
09 August 2017
CIPFA’s June results are out and they all look great, except for the Public Service Financial Reporting (PSFR) paper!
There were some really good paper pass rates in June, particularly at the Strategic (final) Level.
Those sitting Audit & Assurance - 94.3%, achieved the top pass rate in the summer exams. The Corporate Governance & Law paper pass rate was also a healthy 89.5%.
However, the institute quickly acknowledged the pass rate of PSFR at 40.5% “is significantly below that of previous sittings and is also significantly below that of the subject prior to candidates sitting their exams online”.
The examiner said that answers to the exam highlighted that many candidates were not able to complete basic, non-sector specific financial accounting adjustments, or able to demonstrate the level of evaluation and application of knowledge expected at this level of exam.
In order to assist future candidates CIPFA has released the June 2017 exam questions from the live exam question bank. The examiner has also provided more guidance on how to best approach the PSFR exam questions with seven webinars.
CIPFA JUNE 2017 RESULTS: FA 69%; MA 86.7%; CFR 82.3%; AA 94.3%; PSFR 40.5%; TAX 88.6%; CGL 89.5%; BCM 88.6%; SPD 81.3%; FM 65.9%; SPF 69.2%; SCS 79.4%
Subscribe to RSS