In total, 6,858 students sat exams in December, and achieved the following pass rates:
- Audit and Assurance: 79.3%
- Business Planning: Banking: 72.3%
- Business Planning: Insurance: 76.7%
- Business Planning: Taxation: 79.6%
- Business Strategy and Technology: 89.0%
- Financial Accounting and Reporting (IFRS): 78.4%
- Financial Accounting and Reporting (UK GAAP): 78.6%
- Financial Management: 91.3%
- Tax Compliance: 76.0%
Dana Day, ICAEW Chief Learning Officer, said:
"Congratulations to all ICAEW students who have passed their Professional Level exams, and an additional well done to those who have been awarded Subject or Annual Order of Merit prizes.
“We send our best wishes to all students as they continue with their studies and embark on the next stage of their careers.”
PROFESSIONAL LEVEL, DECEMBER 2025
SUBJECT ORDER OF MERIT
Audit and Assurance
Joint first place and the Watts prize
- Maria Papapetrou, London (FTI Consulting LLP)
- George Piper, London (Interpath Ltd)
- Molly Sankey, London (ZEDRA Corporate Reporting Services (UK) Limited)
Business Planning: Banking
First place
- Elizabeth Evans, Edinburgh (The Royal Bank of Scotland Group - Group Internal Audit)
Business Planning: Insurance
First place
- Baoji Lu, London (Deloitte LLP)
Business Planning: Taxation
First place and the Little prize
- Emily Vaughan-Williams, Bristol (Grant Thornton UK LLP)
Business Strategy and Technology
First place and the Railton prize
- Lara Kay Noden, Southend-on-Sea (Goldman Sachs International)
Financial Accounting and Reporting
Joint first place and Spicer and Pegler prize
- Jamie Ewers, London (PKF Littlejohn LLP)
- Smriti Mahamkali, London (Deloitte LLP)
- Adam Maidment, Solihull (Grant Thornton UK LLP)
- Harry Williams, West Malling (Forvis Mazars LLP)
Financial Management
First place and the Howitt prize
- Alastair Hughes, Amersham (BDO LLP)
Tax Compliance
First place and the Knox prize
- Lucie Hawkes, Redditch (Pinfields Limited)
PROFESSIONAL LEVEL, DECEMBER 2025
ANNUAL INTERNATIONAL ORDER OF MERIT
First place and the Plender prize
- Joshua Mawhinney, Holmfirth (BUPA - Finance & Governance Graduate Scheme)
Second place and the Stephens prize
- Lara Kay Noden, Southend-On-Sea (Goldman Sachs International)
Third place and the Hewitt prize
- Marcus Warrington-Brown, Addlestone (PricewaterhouseCoopers LLP)
Fourth place and the Northcott prize
- Emily Vaughan-Williams, Bristol (Grant Thornton UK LLP)
Fifth place and the Cassleton Elliott Prize
- Daniel Coukham, Manchester (BDO LLP)
Sixth place and the Arthur Swinson prize
- Flora Doimi Frankopan Subic Zrinski, London (PricewaterhouseCoopers LLP)
Joint seventh place
- Casey Harrington, Leighton Buzzard (Forvis Mazars LLP)
- George Virk, Hinckley (PricewaterhouseCoopers LLP)
Joint ninth place
- Angelica Melek, Manchester (Grant Thornton UK LLP)
- Eleanor Latham, Burnley (BDO LLP)
Eleventh place
- Morgan Squire, Par (Francis Clark LLP)
Joint twelfth place
- Jack Dewhurst, London (RSM UK Audit LLP)
- Margaret Khoryati, Knutsford (PKF Littlejohn LLP)
Fourteenth place
- Alexander Vernon, St Albans (TC Citroen Wells Limited)
Fifteenth place
- Aman Kataria, Ilford (Ernst & Young LLP)
Highest Non-Public Practice student and the Roger Lawson prize
- Joshua Mawhinney, Holmfirth (BUPA - Finance & Governance Graduate Scheme)
Simon Morris Memorial prize
- Casey Harrington, Leighton Buzzard (Forvis Mazars LLP)
ENDS
Notes to editors:
Contact ICAEW media office:
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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