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ACA Advanced Level exam results published

Author: ICAEW

Published: 11 Dec 2025

ICAEW students have today (THURSDAY 11 DECEMBER 2025) received the results of their November 2025 ACA Advanced Level exams.

In total, 7,264 students sat exams in November, and achieved the following pass rates:

  • Case Study: 87.3%
  • Corporate Reporting: 80.5%
  • Strategic Business Management: 87.0%

Will Holt, ICAEW Managing Director for Education and Training, said:

“Well done to all ICAEW students who passed their Advanced Level exams, and an additional congratulations to everyone that attained a Subject or Annual Order of Merit prize.”

“We wish all of our students many successes in their future studies and careers.”

ADVANCED LEVEL 
INTERNATIONAL SUBJECT ORDER OF MERIT
November 2025

Case Study

First place and the Whinney prize

  • Sofea Johan, London (Forvis Mazars LLP)

Corporate Reporting

First place and the Quilter prize

  • Amber Greaves, Guildford (S&W Partners LLP)

Strategic Business Management

First place and the Walton prize

  • Alison Bell, Barnstaple (KPMG LLP)

ADVANCED LEVEL
INTERNATIONAL ANNUAL ORDER OF MERIT
November 2025

First place and the Peat prize

  • Holly Riches, London (Grant Thornton UK LLP)

Second place and the Deloitte prize 

  • Thomas Cribb, Surrey (Menzies LLP)

Joint third place and the Fletcher prize 

  • Jeremy Gibbons, Kent (Grant Thornton UK LLP)
  • Alicia Evans, Kent (Moore Kingston Smith LLP)

Joint fifth place and the William G Frazer prize

  • Jack Smith, Watford (Ecovis Wingrave Yeats LLP)
  • Rhianna Cratchley, Leeds (KPMG LLP)
  • Ewa Glit, London (Ernst & Young LLP)
  • Ben Atkins, Birmingham (S&W Partners LLP

Joint ninth place

  • Alexander Vernon, St Albans (TC Citroen Wells Limited)
  • Constantin Waquet, Cambridge (Deloitte LLP)
  • Max Coen, Birmingham (Deloitte LLP)
  • James Boughtflower, London (BDO LLP)

ENDS 

Notes to editors:

About ICAEW 

Chartered accountants are talented, ethical and committed professionals. ICAEW represents more than 210,000 members and students around the world. 98 of the top 100 global brands employ ICAEW Chartered Accountants.* 87% of FTSE 100 companies, and 81% of FTSE 250 companies in the UK, have an ICAEW member on their board.

Founded in 1880, ICAEW has a long history of serving the public interest and we continue to work with governments, regulators and business leaders globally. And, as a world-leading improvement regulator, we supervise and monitor around 11,000 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct.

We promote inclusivity, diversity and fairness and we give talented professionals the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably.

ICAEW is working towards becoming net zero, demonstrating our commitment to tackle climate change and supporting the UN Sustainable Development Goal 13.

ICAEW is a founding member of Chartered Accountants Worldwide (CAW), a global family that connects over 1.8m chartered accountants and students in more than 190 countries. Together, we support, develop and promote the role of chartered accountants as trusted business leaders, difference makers and advisers.

We believe that chartered accountancy can be a force for positive change. By sharing our insight, expertise and understanding we can help to create sustainable economies and a better future for all.

* includes parent companies. Source: ICAEW member data March 2025, Interbrand, Best Global Brands 2024.

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