Results from the recently published 2010 C.P.A. exam shows accounting graduates from the University of Baltimore’s Merrick School of Business exceeding the national pass rate for the four-part exam, and surpassing all of the University’s in-state peer institutions except for the Smith School of Business at the University of Maryland, College Park.
UB alumni achieved a 52 percent pass rate on the 2010 exam—four-percent above the national pass rate of 48 percent. Of the nine state public and private institutions with reported results— Bowie State University, The Johns Hopkins University, Loyola University Maryland, Morgan State University, Salisbury University, Towson University, University of Maryland, College Park, and the University of Maryland University College—UB’s 52 percent pass rate was the second-highest finish and just six percentage points behind College Park.
UB’s graduates also compared well nationally on the four sections of the exam, scoring above the national average in auditing (56 percent pass rate; the national average is 48 percent), business environment (48 percent pass rate; the national average is 47 percent), and regulation (58 percent pass rate; the national average is 51 percent). Alumni scored one percentage point below the national average on the financial accounting and reporting section (47 percent pass rate; the national average is 48 percent).
Merrick School of Business Dean Darlene Smith said the NASBA results are indicative of a strong UB accounting program that continues to provide accounting talent to area employers.
“As businesses everywhere have strengthened their methods of accountability for their customers and their shareholders, the accounting profession has reached its rightful place as a top priority and a source of excellence,” Smith said. “In the past 15 or so years, accounting has become a nexus of dependable data and reliable rules; it’s the bedrock on which any business, large or small, is built. Many of our very best students and alumni have recognized that, and certainly we’ve been a consistent provider of a top-level accounting degree.”
Smith pointed to Merrick’s Honors Accounting program as an example of the institution’s determination not only to maintain a market-ready, forward-looking accounting program, but to build on that strength by keeping pace with trends in the accounting profession.
It’s not only in test results that Merrick School of Business accounting alumni are excelling. For the past several years, the school has been the single largest producer of graduates who go on to lead the largest accounting firms in the Baltimore area. According to the Baltimore Business Journal, which each year compiles the list of the 25 largest accounting firms with offices in metropolitan Baltimore, there are 10 UB alumni serving as managing partners in those firms. Over the past several years, no single institution can claim a larger number of its graduates holding the reins at these area firms.
The 2010 C.P.A. exam results are available in the 2011 edition of the Candidate Performance on the Uniform CPA Examination: Reports and Commentary on the 2010 CPA Examination, published by the National Association of State Boards of Accountancy.
Learn more about the NASBA.