Fail rates are between 27% to 56% and it costs more that $6,000 in total to do the exams.
http://www.abc.net.au/news/2017-06-23/c ... ms/8643100Key points:
Between 27 and 56 per cent of CPA candidates failed their professional exams in 2016
Re-enrolments of failed candidates generates around $15 million a year according to an industry observer
CPA says it is defending industry standards
http://www.abc.net.au/news/programs/the ... ia/8644212
Personally I had no idea this was an issue. CA and IPA both had lower fail rates. But there is a similarity between what is going on here at CPA Australia and the unscrupulous RTOs that have been in the media.
Everyone can see the massive amount of spending on marketing to the youth. The opening of entry to people without a degree and with a degree in non accounting fields. A large portion of our membership base is ASA members, they won't tell us how many. This is dangerously close to an unethical conduct here. I think that heavy marketing and accepting people with little regard to their ability to pass could be seen as unethical.
We are not a for profit education company we are an accounting association!