ICPAU exam results out, female candidates outshine their male counterparts

Altogether, 6.067 candidates attempted the May 2023 examinations compared to 5,279 in December 2022, representing an increment of 14.9% in participation.

"It is worth noting that female candidates shone brighter than their male counterparts, showcasing their competence and dedication," the statement read.

 The ICPAU board also announced that more female candidates (3,655 (54.9%)) than their male counterparts (3,000 (45.1%)) sat for the exams.

The May 2023 session experienced a significant improvement, with a pass rate of 47% among the 98 candidates. This remarkable achievement reflects the aspirants' relentless pursuit of excellence and their commitment to the field of taxation.

The ICPAU board also revealed that changed the policy on recognising top candidates. For one to be declared a top candidate, one has obtained at least 60%. The pass mark in each subject is 50%.

The Public Accountants Examinations Board of ICPAU pointed out three factors that affected the performance of candidates this year.

 Insufficient student participation in engagement webinars was identified as a factor hampering success rates. Candidates are encouraged to take full advantage of these valuable learning opportunities to enhance their understanding and performance.

The Board noted that some candidates failed to prioritise learning outcomes, which had an adverse effect on their overall performance. A strong emphasis on comprehending and applying the syllabus is crucial for success in these examinations.

Weaknesses were identified in the candidates' approach, including selective reading and a lack of familiarity with the syllabus. A thorough understanding of the material is vital for comprehensive and accurate answers during the examinations.