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UM
lands No. 1
CPA exam ranking
UM's
School of Business Administration
has the No. 1 first-time pass rate in the nation for the
May 2000 Uniform Certified Public Accountant Examination,
according to the National Association of State Boards of
Accountancy.
UM
is ranked first in the category of candidates with advanced
graduate degrees. UM students achieved an 82.4 percent first-time
pass rate for all four subjects tested, compared to a national
average of 17.4 percent. Wake Forest University came in
second with a 71.9 percent first-time pass rate.
"This
ranking is a significant national honor," said Professor
Stanley Jenne, chair of the UM Department of Accounting
and Finance. "It directly measures the success of our
graduate students against every other graduate program in
the nation."
The
last time UM was ranked No. 1 in the nation was on the May
1987 Uniform CPA Examination.
In the four categories tested, UM ranked first in auditing
with a 94.1 percent first-time pass rate, took first in
business law and professional responsibilities with a 94.1
percent pass rate, tied for first in accounting and reporting-other
areas with an 88.2 percent pass rate, and placed second
in financial accounting and reporting-business enterprises
with an 88.2 percent pass rate.
Accounting
and finance Professor Joseph A. Weber led UM students through
a final review before they took this CPA exam.
Jenne
said the UM accounting program is one of only 156 in the
world that has separate accreditation for its undergraduate
and graduate accounting programs from AACSB International,
the leading accreditation organization for business and
accounting programs.
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