The CPA Examination Pass Rate as an Assessment Measure

Abstract

This paper investigates the performance of candidates taking the CPA examination for the first time. Factors influencing pe1formance are dependent 011 the candidate working in accounting prior to taking the examination. Satisfaction with quality of instruction, 011 indirect measure of assessment, has no explanatory power in a11y of the models. This paper discusses the implications of these findings on using lite CPA examination pass rate as an assessment measure in accounting programs.