Sioux Falls, SD – Augustana University accounting graduates continue to demonstrate exceptional performance on the Uniform Certified Public Accountant (CPA) Examination, achieving the highest pass rate in South Dakota and ranking sixth nationally among first-time test takers in 2024. This marks a continuation of the program’s success, with similar results achieved in 2023 and builds on a history of national recognition, including a No. 1 ranking in 2020.
The latest data, released by the National Association of State Boards of Accountancy (NASBA), reveals that Augustana alumni secured an average pass rate of 75% on the CPA exam, significantly exceeding the state average of 56.1% and the national average of 53.8%. Augustana graduates also outperformed their peers in scoring, achieving an average score of 77.8 compared to the state average of 72 and the national average of 71.3. NASBA has been collecting and reporting CPA exam candidate data since 1982, providing a consistent benchmark for program performance.
Younger Graduates, Stronger Results
Beyond pass rates and scores, Augustana’s accounting graduates are also notably younger than the average test taker. The average age of Augustana graduates taking the exam for the first time was 23.6 years old, compared to 28 in South Dakota and 27.9 nationally. This suggests the program is attracting and preparing students early in their careers for success in the accounting profession. Out of 721 institutions with 10 or more candidates, Augustana’s ranking as No. 6 nationally and No. 5 among 222 small institutions (those with 10-19 candidates) underscores the quality of the program.
Adapting to a Changing Exam
The 2024 CPA exam introduced a new “CPA Evolution Model” designed to better equip future CPAs with the skills needed to navigate evolving technologies and market demands. The exam structure shifted from four sections to three core sections – Auditing & Attestation (AUD), Financial Accounting & Reporting (FAR), and Regulatory & Legal (REG) – along with a choice of one discipline section: Business Analysis & Reporting (BAR), Information Systems & Controls (ISC), or Tax Compliance & Planning (TCP). Candidates are required to pass all sections within a 30-month timeframe, achieving a minimum score of 75 on each.
“Our students work remarkably hard in the classroom, and we update our curriculum frequently to stay abreast of the changing CPA exam blueprints,” said Angela Olson, Augustana Associate Professor of Business Administration. “With their hard work and dedication, and our focus on curriculum alignment to the CPA exam, AU alumni have proved they are fully prepared to take the exam and succeed at high levels.”
A Foundation for Future Success
Laura Hybertson, Augustana Associate Professor of Accounting and Director of the Master of Professional Accountancy (MPA) Program, emphasized the program’s adaptability. “We are very proud of our alumni and our accounting programs. We have held our high state and national rankings through the change of the CPA exam. This demonstrates how our program provides a solid foundation of skills and then builds on top the ability to adapt to the changing conditions they will find in the accounting industry.”
Augustana University’s consistent success on the CPA exam reflects a commitment to rigorous academic standards and a forward-thinking curriculum. The university’s accounting program has been nationally recognized in the past, achieving the No. 1 ranking among all 721 institutions in 2020 and among 234 small institutions that same year.
For those interested in learning more about the accounting major at Augustana University, visit augie.edu/accounting. Information about the Master of Professional Accountancy (MPA) Program can be found at augie.edu/MPA.
As the accounting profession continues to evolve, Augustana University’s commitment to preparing graduates for success positions its alumni for leadership roles in the field. The university’s ongoing focus on curriculum development and student support will likely remain a key factor in maintaining its high CPA exam pass rates in the years to come.
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