ND Accountancy Students Pass CPA with Flying Colors
Notre Dame accountancy students earned some of the highest marks in the nation for CPA pass rates, according to the most recent “Candidate Performance on the Uniform CPA Examination” report.
Students with a bachelor's degree ranked first in pass rates in two areas and second in the remaining two parts of the exam.
Members of the accountancy faculty view the results as testimony to the talent of Mendoza accountancy students, as well as validation of its curriculum and the continual efforts to keep it current with industry practices.
“The faculty as a group determines how to prepare our students for a career, so our focus is not really on preparing them to pass a national exam. Our focus is to prepare them for careers,” said department chair Thomas Schaefer, KPMG professor of accountancy.
Professor Jamie O'Brien ('88, JD '93) teaches business law classes and advises students on state requirements for sitting for the CPA. He also earned his BBA at Notre Dame and garnered the third highest score in Indiana when he took the CPA in 1988. “Because of the rigor of our general business requirements, our broad base of accounting courses, the students are familiar with a broad range of business concepts, methodologies and business issues,” he said.
In 2004, the CPA exam changed its format to become computer-based. Candidates also can now take any section of the four-part exam during any of four testing periods throughout the year. Previously, the two-day test was offered as a comprehensive paper exam twice a year. About 44,500 candidates sat for the exam in 2004.