In total, 4,194 students sat exams in March, and achieved the following pass rates:
- Audit and Assurance: 81.2%
- Business Planning: Taxation: 73.5%
- Business Strategy and Technology: 87.4%
- Financial Accounting and Reporting (IFRS): 82.9%
- Financial Accounting and Reporting (UK GAAP): 50.0%
- Financial Management: 79.4%
- Tax Compliance: 81.5%
The Level 4 Accounting Technician end-point assessment results have also been released today. The Portfolio and Reflective Statement, which was submitted by 90 students, had a 100% pass rate. Meanwhile, 93 students completed the Role Simulation exam, with a 94.6% pass rate.
Richard Eckersley, ICAEW Head of Assessment, said:
“We extend our congratulations to all ICAEW students who passed their Professional Level exams this session, and an extra well done to those who earned one of our Subject Order of Merit prizes.
“We wish all our students the utmost success in their future studies and careers."
PROFESSIONAL LEVEL, MARCH 2025
SUBJECT ORDER OF MERIT
Audit and Assurance
Joint first place and the Watts prize
- James McHenry, London (BTVK Advisory LLP)
- Caitlin Johnson, Dover (McCabe Ford Williams)
Business Planning: Taxation
First place and the Little prize
- Thomas McMahon, Watford (PricewaterhouseCoopers LLP)
Business Strategy and Technology
First place and the Railton prize
- Barnes Lloyd-Jenkins, Mold (Audit Wales)
Financial Accounting and Reporting
First place and Spicer and Pegler prize
- Shitong Yang, Birmingham (PricewaterhouseCoopers LLP)
Financial Management
First place and the Howitt prize
- Nairah Majid, London (G-Research)
Tax Compliance
First place and the Knox prize
- Catriona Littler, London (Sayer Vincent LLP)
ENDS
Notes to editors:
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About ICAEW
Chartered accountants are talented, ethical and committed professionals. ICAEW represents more than 208,000 members and students around the world.
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 12,000 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.
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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.
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