In total, 3,391 students sat exams in March, and achieved the following pass rates:
- Audit and Assurance: 76.4%
- Business Planning: Taxation: 75.1%
- Business Strategy and Technology: 91%
- Financial Accounting and Reporting: IFRS: 69.5%
- Financial Accounting and Reporting: UK GAAP: 33.3%
- Financial Management: 81.4%
- Tax Compliance: 79.2%
Students also achieved a 93.3% pass rate in the Portfolio and Reflective Statement, and a 100% in the Role Simulation, which together make up the Level 4 Accounting Technician Apprenticeship end-point assessment.
Hazel Garvey, ICAEW Managing Director for Education and Training, said:
“Congratulations to all the ICAEW students who passed their Professional Level exams in March, and well done to those who received one of our subject orders of merit prizes.
“We wish all our students the best of luck for their future studies and careers.”
Professional Level, March 2022
Subject Orders of Merit
Audit and Assurance
First place and the Watts prize
- Bailey Willmott, Caerphilly (PwC LLP)
Business Planning: Taxation
First place and the Little prize
- Matthew Hellis, London (Cooper Parry LLP)
Business Strategy and Technology
Joint first place and the Railton prize
- Lian May Tan, Birmingham (PwC LLP)
- Charlotte Bodger, Warrington (Grant Thornton UK LLP)
- Robert Emerton, London (BDO LLP)
Financial Accounting and Reporting
First place and the Spicer and Pegler prize
- Anonymous, Cardiff (Audit Wales)
Financial Management
First place and the Howitt prize
- Corinne Rogers, Redhill (FTI Consulting LLP)
Tax Compliance
First place and the Knox prize
- Anonymous, Kettering (Azets Holdings Limited)