The probability of passing all six CPA exam sections in one year is relatively low. Here's a detailed analysis:
Pass rates of each section
The pass rates for the core sections of the CPA Exam vary. For example, in 2024, the cumulative pass rate for the Auditing and Attestation (AUD) section through Q2 was 45.71%, Financial Accounting and Reporting (FAR) had a cumulative pass rate of 41.16%, and Regulation (REG) had a 63.44% cumulative pass rate.
Among the discipline sections, Tax Compliance and Planning (TCP) had the highest pass rate of 78.16%, while Business Analysis and Reporting (BAR) had a lower pass rate of 41.04%.
Overall difficulty
The CPA Exam is known for its rigor and breadth of knowledge required. Passing all six sections in one year would mean not only understanding a wide range of accounting topics but also being able to apply them effectively in the exam setting.
The average pass rate for each section is around 50%, and only about 20% of candidates pass all four sections on their first attempt. Considering the added complexity of the new discipline sections, the probability of passing all six sections in one year is even lower.
Factors affecting the probability
Preparation time and effort: Passing all six sections requires a significant amount of study time and dedication. Candidates would need to allocate several hours each day to review the extensive material, practice questions, and understand complex concepts.
Individual aptitude and background: Candidates with a strong accounting background, recent academic training, and good test-taking skills may have a higher chance of passing all sections in one year. However, even for such candidates, it remains a challenging feat.
Exam format and changes: The 2024 CPA Evolution introduced new discipline sections and changes to the exam format. Candidates need to adapt to these changes and understand the new content and structure, which can add to the difficulty of passing all sections in one year.
In conclusion, while it is not impossible to pass all six CPA exam sections in one year, the probability is quite low due to the exam's difficulty, the extensive content to be covered, and the need for significant preparation. Most candidates take multiple years to complete all sections, and it is more common to spread out the exam attempts over a period of time to allow for thorough preparation and better chances of success.