Factors Affecting CPA Examination Success

A new study was undertaken to examine the recent success rates for both first-time candidates and repeat candidates for the certified public accountant (CPA) examination and to consider some factors that may play a role in success. Data were provided by the National Association of State Boards of Accountancy for the 4 CPA examinations conducted during 1985 and 1986. The results indicate that the following factors may be related to success on the CPA exam: 1. an advanced degree, 2. the collegiate grade-point average, 3. public accounting experience, and 4. a formal course of supplementary study. Public accounting experience had a positive effect in passing the auditing and practice sections, while the other factors had a positive effect on success on all parts of the exam.