Denver (Sept. 16, 2003) -- CPAs fared slightly better than their non-CPA counterparts on the latest Certified Financial Planner Certification exam, according to statistics from the CFP Board.
Sixty-one percent (92) of the 151 CPAs who sat for the July exam passed, compared to 57 percent (1,123) of the total 1,963 total candidates who took the 10-hour, two-day test. The exam, which is administered by the CFP Board, was conducted at 50 sites nationwide and three international sites.
The cumulative pass rate for the exam is 73 percent, compared to about 65 percent for CPAs, according to the CFP Board. Since the exam completed transition to its current format in 1995, 30,326 candidates have sat for the exam and 22,275 have passed either on their first try or on subsequent attempts.
More than 42,000 individuals are currently authorized to use the CFP marks in the United States. The next exam will be held Nov. 21-22. The deadline for completed applications is Oct. 8.
-- Melissa Klein
