The AICPA has released the Q4 2014 CPA Exam Pass Rates.

The Q4 Pass Rates are bad relative to the rest of 2014.

AUD 2014
Q1: 47.35%
Q2: 48.97%
Q3: 47.41%
Q4: 42.06%

BEC 2014
Q1: 53.28%
Q2: 58.20%
Q3: 57.90%
Q4: 51.95%

FAR 2014
Q1: 44.06%
Q2: 47.72%
Q3: 51.14%
Q4: 45.96%

REG 2014
Q1: 49.17%
Q2: 51.69%
Q3: 52.21%
Q4: 44.49%

However, Q4 is basically a push compared to previous years.

AUD
Q4 2014: 42.06
Q4 2013: 42.95
Q4 2012: 44.15

BEC
Q4 2014: 51.95
Q4 2013: 54.44
Q4 2012: 50.57

FAR
Q4 2014: 45.96
Q4 2013: 45.28
Q4 2012: 45.53

REG
Q4 2014: 44.49
Q4 2013: 46.61
Q4 2012: 46.02