ICAEW.com works better with JavaScript enabled.

Certificate Level exam results update

Author: Learning and Professional Development

Published: 05 Nov 2025

Contents
592,615 certificate level exams have been sat by candidates since September 2007, with the majority of results delivered to the candidates and their firms the following day.

All results

The cumulative pass rates for all papers sat between 1 January 2025 and 31 December 2025 are:

All attempts

Module SAT PASS PR%
Accounting 3,455 2,343 67.8%
Assurance 3,133 2,478 79.1%
Business, Technology and Finance 4,637 4,171 90.0%
Law 5,856 5,261 89.8%
Management Information 5,849 4,419 75.6%
Principles of Taxation 6,232 5,155 82.7%
Accounting Fundamentals 4,684 4,198 89.6%
Assurance Risk Fundamentals 4,631 4,250 91.8%
Sustainability and Ethics 2,626 2,606 99.2%
Business Law 1,576 1,424 90.4%
Business Insight and Performance 1,643 1,387 84.4%
Tax Fundamentals 368 341 92.7%
Grand Total 44,690 38,033 85.1%

First attempt

Module SAT PASS PR%
Accounting 2,467 1,766 71.6%
Assurance 2,557 2,100 82.1%
Business, Technology and Finance 4,207 3,842 91.3%
Law 5,271 4,787 90.8%
Management Information 4,523 3,512 77.6%
Principles of Taxation 5,296 4,500 85.0%
Accounting Fundamentals 4,343 3,966 91.3%
Assurance Risk Fundamentals 4,331 4,031 93.1%
Sustainability and Ethics 2,623 2,603 99.2%
Business Law 1,486 1,355 91.2%
Business Insight and Performance 1,519 1,294 85.2%
Tax Fundamentals 358 331 92.5%
Grand Total 38,981 34,087 87.4%

Re-sits

Module SAT PASS PR%
Accounting 988 577 58.4%
Assurance 576 378 65.6%
Business, Technology and Finance 430 329 76.5%
Law 585 474 81.0%
Management Information 1,326 907 68.4%
Principles of Taxation 936 655 70.0%
Accounting Fundamentals 341 232 68.0%
Assurance Risk Fundamentals 300 219 73.0%
Sustainability and Ethics 3 3 100.0%
Business Law 90 69 76.7%
Business Insight and Performance 124 93 75.0%
Tax Fundamentals 10 10 100.0%
Grand Total 5,709 3,946 69.1%

Europe

The cumulative pass rates for all papers sat between 1 January 2026 and 31 January 2026 are:

All results (Europe)

Module SAT PASS PR%
Accounting 13 10 76.9%
Assurance 9 8 88.9%
Business, Technology and Finance 56 48 85.7%
Law 86 72 83.7%
Management Information 58 43 74.1%
Principles of Taxation 88 68 77.3%
Accounting Fundamentals 258 217 84.1%
Assurance Risk Fundamentals 340 302 88.8%
Sustainability and Ethics 1,252 1,251 99.9%
Business Law 1,221 1,107 90.7%
Business Insight and Performance 1,642 1,421 86.5%
Tax Fundamentals 1,056 995 94.2%
Grand Total 6,079 5,542 91.2%

First attempt (Europe)

Module SAT PASS PR%
Accounting 4 3 75.0%
Assurance 4 4 100.0%
Business, Technology and Finance 50 43 86.0%
Law 72 61 84.7%
Management Information 30 24 80.0%
Principles of Taxation 53 43 81.1%
Accounting Fundamentals 223 203 91.0%
Assurance Risk Fundamentals 300 271 90.3%
Sustainability and Ethics 1,251 1,250 99.9%
Business Law 1,138 1,038 91.2%
Business Insight and Performance 1,498 1,302 86.9%
Tax Fundamentals 1,033 976 94.5%
Grand Total 5,656 5,218 92.3%

Re-sits (Europe)

Module SAT PASS PR%
Accounting 9 7 77.8%
Assurance 5 4 80.0%
Business, Technology and Finance 6 5 83.3%
Law 14 11 78.6%
Management Information 28 19 67.9%
Principles of Taxation 35 25 71.4%
Accounting Fundamentals 35 14 40.0%
Assurance Risk Fundamentals 40 31 77.5%
Sustainability and Ethics 1 1 100.0%
Business Law 83 69 83.1%
Business Insight and Performance 144 119 82.6%
Tax Fundamentals 23 19 82.6%
Grand Total 423 324 76.6%

Rest of world

The cumulative pass rates for all papers sat between 1 January 2026 and 31 January 2026 are:

All attempts (rest of world)

Module SAT PASS PR%
Accounting 39 15 38.5%
Assurance 21 11 52.4%
Business, Technology and Finance 11 5 45.5%
Law 5 4 80.0%
Management Information 39 17 43.6%
Principles of Taxation 9 8 88.9%
Accounting Fundamentals 40 30 75.0%
Assurance Risk Fundamentals 22 19 86.4%
Sustainability and Ethics 8 7 87.5%
Business Law 1 1 100.0%
Business Insight and Performance 4 1 25.0%
Tax Fundamentals 1 1 100.0%
Grand Total 200 119 59.5%

First attempt (rest of world)

Module SAT PASS PR%
Accounting 19 5 26.3%
Assurance 8 4 50.0%
Business, Technology and Finance 11 5 45.5%
Law 4 3 75.0%
Management Information 31 12 38.7%
Principles of Taxation 3 3 100.0%
Accounting Fundamentals 31 27 87.1%
Assurance Risk Fundamentals 21 18 85.7%
Sustainability and Ethics 6 6 100.0%
Business Law 1 1 100.0%
Business Insight and Performance 1 1 100.0%
Tax Fundamentals 1 1 100.0%
Grand Total 137 86 62.8%

Re-sits (rest of world)

Module SAT PASS PR%
Accounting 20 10 50.0%
Assurance 13 7 53.8%
Business, Technology and Finance – – –
Law 1 1 100.0%
Management Information 8 5 62.5%
Principles of Taxation 6 5 83.3%
Accounting Fundamentals 9 3 33.3%
Assurance Risk Fundamentals 1 1 100.0%
Sustainability and Ethics 2 1 50.0%
Business Law – – –
Business Insight and Performance 3 – 0.0%
Tax Fundamentals – – –
Grand Total 63 33 52.4%