Thirty two BS Accountancy graduates of MSU-Iligan Institute of Technology – batch of March 2011 and tagged the Avanza team — made it to the list of new Certified Public Accountants (CPA) after passing the October 2011 licensure examinations.
The team, garnering for the first time a perfect passing rate attributed to one batch, is an historic achievement for the College of Business Administration and Accountancy (CBAA) and the MSU-IIT.
Averaging the marks that included those of previous batches of graduates who also took the exam this year, the results produced an overall average of 90.24% for the Institute, a record-breaking performance for the Department of Accountancy of the CBAA. Thirty-seven of forty-one takers, with four graduates coming from earlier batches, made the grade.
The National Passing Rate for the October 2011 examination is 47.69%, as compared to the May 2011 and October 2010 passing rates of 40.50% and 48.36%, respectively.
In the October 2010 CPA Board, MSU-IIT ranked among the top four best performing schools with a remarkable 81.48% passing rate. Passing rates of graduates of the Institute have been consistently higher than the national passing rate.
A testimonial program last November 10 held at the College of Education Amphitheater and highlighted by the presence of Chancellor Dr. Sukarno D. Tanggol feted the new CPAs. The celebration was also an occasion when the next batch, the Vivo team, was challenged to push up the passing rate and produce the next batch of board topnotchers.