This isn't breaking news by any means…this is from the Fall 2008 Uniform CPA Examination Alert and I didn't get around to posting it when it first came out.
The bulletin says that 46% of those who sat for all four parts passed it the first time, which seems high to me. I have always thought that the first time pass rate was around 15 percent. The 17-25% quit rate also seems high. Likewise, I thought that 85% of those who start the exam eventually passed it. I don't remember where I got these figures from…maybe they're urban legends.
This bulletin is more interesting than previous ones. The Elijah Watt Sells winners are listed.
You can get it here.
Correction – after reading it 3x, they're saying that 46% of those who pass all four parts do so the first time. According to their figures, only 28% of those who sit for all four parts pass the first time.