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University of Northern Iowa ranks second in nation in pass rate for CPA candidates <br>

September 30, 2002

Gerald Smith, UNI head and professor of accounting, (319) 273-2394
Vicki Grimes, University Marketing & Public Relations, (319) 273-2761

CEDAR FALLS, Iowa -- Results released by the National Association of State Boards of Accountancy (NASBA) list the University of Northern Iowa in second place for the pass rate of first-time candidates on the Uniform Certified Public Accounting (CPA) Examination in May 2001, the most recent May exam for which data is available.

On that exam, 41.9 percent of UNI's first-time candidates without advanced degrees passed the complete exam, placing them second among the nation's colleges and universities represented. This compares to a national first-time pass rate of 14.4 percent. An additional 32.6 percent of UNI graduates passed some parts of the exam.

The University of Wisconsin-Whitewater was ranked first with a 45.5 percent pass rate.

Gerald Smith, professor and head of accounting at UNI, said that during the 10-year period from 1992-2001, Northern Iowa ranked fourth among the nation's colleges and universities for the highest percentage of candidates passing all subjects taken. Included during the decade were first place rankings on the May 1997 and May 2000 exams.

'Fourteen out of the last 15 years, UNI has been in the top 10 schools in the nation in terms of its ranking on May first-time pass rates,' he said. 'Our success has been over the long haul and not just a good ranking in one year. We are certainly pleased that our alumni continue to excel on this measure, but we're equally pleased with the success that they achieve in their careers, whether they go into public accounting, work in industry or go into the governmental or not-for-profit sector.'

When looking only at Iowa statistics on the May 2001 exam, UNI alumni were 48.6 percent of the successful first-time Iowa candidates and 24.1 percent of all Iowa successful candidates, from among 25 Iowa colleges and universities producing CPA exam candidates.