ICAEW.com works better with JavaScript enabled.

Certificate Level exam results update

Author: Learning and Professional Development

Published: 05 Nov 2025

581,710 certificate level exams have been sat by candidates since September 2007, with the majority of results delivered to the candidates and their firms the following day.

All results

The cumulative pass rates for all papers sat between 1 January 2025 and 30 November 2025 are:

All Attempts

Module SAT PASS PR%
Accounting 3,368 2,296 68.2%
Assurance 3,008 2,407 80.0%
Business, Technology and Finance 4,538 4,084 90.0%
Law 5,698 5,124 89.9%
Management Information 5,644 4,259 75.5%
Principles of Taxation 5,607 4,637 82.7%
Accounting Fundamentals 4,467 4,028 90.2%
Assurance Risk Fundamentals 4,406 4,060 92.1%
Sustainability and Ethics 1,605 1,598 99.6%
Business Law 1,075 979 91.1%
Business Insight and Performance 693 601 86.7%
Grand Total 40,109 34,073 85.0%

First Attempt

Module SAT PASS PR%
Accounting 2,406 1,730 71.9%
Assurance 2,466 2,045 82.9%
Business, Technology and Finance 4,120 3,763 91.3%
Law 5,144 4,672 90.8%
Management Information 4,360 3,387 77.7%
Principles of Taxation 4,815 4,097 85.1%
Accounting Fundamentals 4,195 3,841 91.6%
Assurance Risk Fundamentals 4,177 3,889 93.1%
Sustainability and Ethics 1,603 1,596 99.6%
Business Law 1,057 972 92.0%
Business Insight and Performance 671 587 87.5%
Grand Total 35,014 30,579 87.3%

Re-sits

Module SAT PASS PR%
Accounting 962 566 58.8%
Assurance 542 362 66.8%
Business, Technology and Finance 418 321 76.8%
Law 554 452 81.6%
Management Information 1,284 872 67.9%
Principles of Taxation 792 540 68.2%
Accounting Fundamentals 272 187 68.8%
Assurance Risk Fundamentals 229 171 74.7%
Sustainability and Ethics 2 2 100.0%
Business Law 18 7 38.9%
Business Insight and Performance 22 14 63.6%
Grand Total 5,095 3,494 68.6%

Europe

The cumulative pass rates for all papers sat between 1 January 2025 and 30 November 2025 are:

All Results (Europe)

Module SAT PASS PR%
Accounting 2,561 1,792 70.0%
Assurance 2,509 2,065 82.3%
Business, Technology and Finance 4,273 3,888 91.0%
Law 5,389 4,845 89.9%
Management Information 5,165 3,939 76.3%
Principles of Taxation 5,282 4,370 82.7%
Accounting Fundamentals 4,313 3,885 90.1%
Assurance Risk Fundamentals 4,405 4,059 92.1%
Sustainability and Ethics 1,421 1,419 99.9%
Business Law 1,072 977 91.1%
Business Insight and Performance 658 572 86.9%
Grand Total 37,048 31,811 85.9%

First Attempt (Europe)

Module SAT PASS PR%
Accounting 1,767 1,322 74.8%
Assurance 2,088 1,767 84.6%
Business, Technology and Finance 3,912 3,600 92.0%
Law 4,858 4,412 90.8%
Management Information 3,986 3,125 78.4%
Principles of Taxation 4,532 3,851 85.0%
Accounting Fundamentals 4,042 3,699 91.5%
Assurance Risk Fundamentals 4,176 3,888 93.1%
Sustainability and Ethics 1,419 1,417 99.9%
Business Law 1,054 970 92.0%
Business Insight and Performance 636 558 87.7%
Grand Total 32,470 28,609 88.1%

Re-sits (Europe)

Module SAT PASS PR%
Accounting 794 470 59.2%
Assurance 421 298 70.8%
Business, Technology and Finance 361 288 79.8%
Law 531 433 81.5%
Management Information 1,179 814 69.0%
Principles of Taxation 750 519 69.2%
Accounting Fundamentals 271 186 68.6%
Assurance Risk Fundamentals 229 171 74.7%
Sustainability and Ethics 2 2 100.0%
Business Law 18 7 38.9%
Business Insight and Performance 22 14 63.6%
Grand Total 4,578 3,202 69.9%

Rest of world

The cumulative pass rates for all papers sat between 1 January 2025 and 30 November 2025 are:

All Attempts (Rest of World)

Module SAT PASS PR%
Accounting 807 504 62.5%
Assurance 499 342 68.5%
Business, Technology and Finance 265 196 74.0%
Law 309 279 90.3%
Management Information 479 320 66.8%
Principles of Taxation 325 267 82.2%
Accounting Fundamentals 154 143 92.9%
Assurance Risk Fundamentals 1 1 100.0%
Sustainability and Ethics 184 179 97.3%
Business Law 3 2 66.7%
Business Insight and Performance 35 29 82.9%
Grand Total 3,061 2,262 73.9%

First Attempt (Rest of World)

Module SAT PASS PR%
Accounting 639 408 63.8%
Assurance 378 278 73.5%
Business, Technology and Finance 208 163 78.4%
Law 286 260 90.9%
Management Information 374 262 70.1%
Principles of Taxation 283 246 86.9%
Accounting Fundamentals 153 142 92.8%
Assurance Risk Fundamentals 1 1 100.0%
Sustainability and Ethics 184 179 97.3%
Business Law 3 2 66.7%
Business Insight and Performance 35 29 82.9%
Grand Total 2,544 1,970 77.4%

Re-sits (Rest of World)

Module SAT PASS PR%
Accounting 168 96 57.1%
Assurance 121 64 52.9%
Business, Technology and Finance 57 33 57.9%
Law 23 19 82.6%
Management Information 105 58 55.2%
Principles of Taxation 42 21 50%
Accounting Fundamentals 1 1 100%
Assurance Risk Fundamentals 0 0
Sustainability and Ethics 0 0
Business Law 0 0
Business Insight and Performance 0 0
Grand Total 517 292 56.6%