The AICPA releases the pass rates for each section of the CPA exam on a quarterly basis. The pass rates are typically released two or three weeks after each quarter end. Universal CPA Review quickly processes and shares the latest CPA pass rate information with a breakdown of the trends.
Should a CPA candidate care about the latest trends in the pass rate? To an extent, yes. The trends by section can be compared to the latest CPA exam changes to understand the impact on exam performance. Universal CPA Review uses this information, along with student feedback, to ensure that the material in the course is best aligned with what a CPA candidate will be tested on.
| Exam Section | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Cumulative | |
|---|---|---|---|---|---|---|
|
AUD |
46.35% |
49.13% |
48.67% |
- |
48.16% |
|
|
BEC |
57.33% |
61.53% |
59.91% |
- |
59.68% |
|
|
FAR |
44.95% |
45.66% |
44.30% |
- |
44.93% |
|
|
REG |
60.03% |
61.25% |
61.78% |
- |
61.10% |
AUD: AUD decreased ~0.5% from Q2’22 to Q3’22, which puts the the YTD’22 average of 48.2% very close to the 2021 average of ~48.0%. AUD will continue to be a tricky exam do to the conceptual nature and difficult wording of MCQs and simulations. As you work through AUD, think about how you would explain the purpose of certain audit procedures to your audit client or audit partner. This will force you to think about the key risks in an engagement and how your audit procedures contribute to the overall audit. Visit our AUD CPA exam guide for more information and tips!
BEC: BEC decreased from 61.5% to 59.9%, which brings the 2022 average below 60%, which is ~2% lower than the 2021 average of 62%. Candidates continue to regard BEC as the easiest exam, but REG actually has a higher pass rate through Q3’22 (barely though)! Although the exam continues to hammer obscure IT topics, perhaps those are largely tagged as pre-test questions and don’t count in the calculation of the candidates score. Regardless, BEC needs to be taken seriously! Visit our BEC CPA exam guide for more information and tips!
FAR: While we saw a slight increase from Q1’22 to Q2’22, that was short lived as the pass rate dropped below 45% on average for 2022. With a pass rate of 44.3% in Q3’22, FAR continues to have the lowest pass rate. This brings the average pass rate for 2022 back to similar levels we saw for 2020 (49.9%) and 2021 (44.5%). To pass FAR, it’s all about simplifying every concept using your mental map so that you can repeat those steps on exam day! Visit our FAR CPA exam guide for more information and tips!
REG: After averaging 59.9% in 2021, REG continues to increase through 2022. In Q1’22, REG had a pass rate of 60.0%, which increased to 61.8% in Q3’22. With an average pass rate of 61.1% through Q3’22, REG has the highest pass rate (Yes, higher than BEC). Basis continues to be heavily tested, as well as the conceptual nature of the other topics. The biggest mistake candidates can make is getting wrapped up in trying to memorize specific thresholds and limitations, which you are almost never required to memorize. Instead, focus on how to apply the rules and how the rules fit into the big picture from a tax perspective! Visit our REG CPA exam guide for more information and tips!
When comparing the cumulative CPA exam pass rate data by section for 2022 to 2020, we see a decline across each section. BEC experienced the largest decline, with AUD also declining significantly. However, the AICPA commented that 2020 was an unusual year due to COVID and a smaller sample size of candidate data.
When we compare 2022 to 2021, the changes are minimal. We see a slight decrease for AUD and BEC, and a slight increase for FAR and REG (albeit minimal).
With actual pass rate data through Q3’22, we expect the 2022 average to relatively unchanged once the Q4’22 data is released in January 2023.
As a candidate, take note of the pass rate information, but use it to fuel your internal motivation to be one of the candidates that passes the exam. If you put in the time and effort, you will get this done! If you are looking for a different way to study for the CPA exam, give Universal CPA a try. We’re the only full review course that combines visual learning + video explanations for every question. This approach helps you learn a step-by-step approach that you can use on exam day when you are feeling the pressure!
Get started with our detailed CPA exam study guides by section. You will learn about the format and structure of each section, test taking strategies, and specific topics to focus on. The study guide for each CPA exam section is frequently updated to reflect the most recent trends.
CPA candidates have historically scored higher than those who are older. While every CPA exam candidate is different, there are a few reasons that this could be the case. For one, younger candidates have more recently graduated from their universities and the academic side of accounting is fresher. Thus, it might be more challenging for older candidates to get back in the mindset of studying when they haven’t sat down and opened a textbook in decades.
Now, if you are an older CPA candidate and you’re wondering if pursuing this designation is really worth it, remember that there is a path to success. Universal CPA Review’s visual learning approach has been known to simplify the most challenging topics covered within the AICPA blueprint. Having a visual-heavy CPA review course will definitely allow you to better grasp the materials and understand the intuition behind the topics that you haven’t seen in years!
The 2021 CPA exam pass rates are very similar to the 2022 rates. It does however seem as though CPA exam pass rates are going up from a year ago.
The Covid-19 pandemic was in full swing in 2020, making it very tough for the AICPA and NASBA to accurately reflect CPA exam candidate data. The reported scores in 2020 were some of the highest in exam history. With that being said, the sample set of total candidates was much lower.
| Exam Section | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Cumulative |
|---|---|---|---|---|---|
|
AUD |
48.56% |
50.49% |
47.21% |
45.04% |
47.98% |
|
BEC |
62.16% |
63.31% |
61.73% |
60.27% |
61.94% |
|
FAR |
46.64% |
42.63% |
47.83% |
40.70% |
44.54% |
|
REG |
59.29% |
58.81% |
63.12% |
57.78% |
59.88% |
| Exam Section | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Cumulative |
|---|---|---|---|---|---|
|
AUD |
47.97% |
65.29% |
56.89% |
47.50% |
52.84% |
|
BEC |
61.76% |
76.92% |
69.89% |
60.77% |
65.56% |
|
FAR |
46.37% |
62.86% |
55.67% |
43.53% |
49.98% |
|
REG |
55.42% |
74.97% |
66.12% |
58.00% |
62.29% |
We have provided the CPA exam pass rate information for historical periods of 2015 to 2019 below. While this information is helpful to review, we do not believe it is indicative of current trends in pass rates. There are frequent changes to the CPA exam and any CPA exam pass rate data that has aged more than 3 years becomes less predictive of future trends.
| Exam Section | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Cumulative |
|---|---|---|---|---|---|
|
AUD |
48.56% |
55.11% |
51.94% |
47.88% |
51.01% |
|
BEC |
58.00% |
59.74% |
63.04% |
58.61% |
59.98% |
|
FAR |
44.43% |
49.37% |
50.29% |
40.57% |
46.31% |
|
REG |
50.23% |
58.66% |
58.41% |
55.89% |
56.34% |
| Exam Section | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Cumulative |
|---|---|---|---|---|---|
|
AUD |
49.27% |
54.70% |
51.07% |
48.54% |
50.97% |
|
BEC |
56.43% |
60.31% |
60.17% |
60.13% |
59.35% |
|
FAR |
41.59% |
49.17% |
48.85% |
44.57% |
46.22% |
|
REG |
49.99% |
55.75% |
56.55% |
50.22% |
53.16% |
| Exam Section | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Cumulative |
|---|---|---|---|---|---|
|
AUD |
43.47% |
52.00% |
52.15% |
47.69% |
48.59% |
|
BEC |
50.39% |
55.09% |
55.35% |
55.33% |
52.99% |
|
FAR |
43.14% |
43.76% |
47.58% |
42.50% |
44.42% |
|
REG |
46.10% |
48.32% |
49.31% |
45.89% |
47.24% |
| Exam Section | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Cumulative |
|---|---|---|---|---|---|
|
AUD |
44.87% |
48.70% |
45.30% |
44.41% |
45.86% |
|
BEC |
55.40% |
56.33% |
57.55% |
52.87% |
55.41% |
|
FAR |
44.74% |
45.61% |
48.07% |
43.24% |
45.55% |
|
REG |
47.55% |
49.98% |
50.19% |
45.93% |
48.45% |
Based on recent CPA exam pass rates, there has been a decline in the pass rate over the last 5 years. However, that is due to the fact that the CPA exam is changing but the way the material is taught by most CPA review course providers has not changed. Universal CPA Review utilizes modern day teaching methods to help you better understand the information. Start a free trial today and you will see why!
The pass rate for each section tends to be the highest in Q2 and Q3 of each year. We attribute this to the fact that recent college graduates are studying for the exam full-time and won’t be starting their full-time job until Q3. The pass rates for Q1 and Q4 tend to be the lowest as most CPA candidates are working full-time.
Therefore, you should sit in Q1 or Q4 so you don’t have to go up against all of the CPA candidates who are studying full-time!
The cumulative CPA exam pass rates by section for 2021 were as follows:
AUD = 47.98%
BEC = 61.94%
FAR = 44.54%
REG = 59.88%
While we can’t predict the future, we don’t have any reason to expect any significant changes to the CPA exam pass rate in 2023. The Universal CPA Review team will continue to monitor the trends and provide the most up-to-date CPA review materials for you!
Over the last three years, BEC has the highest pass rate at 60%+!
Over the last three years, the FAR CPA exam has the lowest pass rate with an average of 47%.
FAR has a pass rate that fluctuates between 44% and 47%. We don’t anticipate any major changes to the FAR pass rate in future periods.
AUD has a pass rate that averages ~50% over recent periods. We don’t expect any major changes to the AUD pass rate in future periods.
BEC has a pass rate that averages ~60% over recent periods. We don’t expect any major changes to the BEC pass rate in future periods.
REG has a pass rate that averages ~60% over recent periods. We don’t expect any major changes to the REG pass rate in future periods.
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