Denver (Sept. 20, 2004) -- CPAs who sat for the recent Certified Financial Planner certification exam fared slightly better than their non-CPA counterparts, according to data from the CFP Board of Standards.
Among 127 CPAs who sat for the July exam, 84 passed and 43 failed, for a 66 percent pass rate, compared with an overall pass rate of 60 percent for all test-takers. The CFP Board said that 1,266 of the 2,104 people who sat for the 10-hour, two-day exam passed.
Since 1995, 35,342 candidates have sat for the exam and 26,096 have passed either on their first try or on subsequent attempts, for a cumulative pass rate of 74 percent, the CFP Board said.
The next exam will be held Nov. 19-20. The deadline for completed applications is Oct. 6.
According to the board, roughly 45,000 people are currently licensed to use the CFP marks in the United States.
-- Melissa Klein Aguilar
