Exam info: FAE (Final Admitting Examination)
FAE Summer 2023 - Examination Results Information
Important Information
Please read the E-Assessment Information page, review the Exam and Appeals Regulations and Exam rules before sitting FAE exams.
Competency Statement at FAE for Academic year 2023/24
Exam enrolment for FAE
Students on an educational program for FAE will automatically be enrolled for their first sitting of their FAE exams. Students sitting for their first attempt at FAE must sit in the main summer sitting.
Students needing to repeat an exam at FAE will need to enrol on the exam through our website.
Students need to be aware that late exam enrolments are not permitted once the closing date for exam entry has passed.
Assessment at FAE for Academic year 2022/23
This examination completes the qualification process and marks the start of a career as a Chartered Accountant; a career of life-long learning. The final examination elements are:
FAE Core: the core syllabus is examined on day one and comprises of a single case study. Candidates will be expected to integrate knowledge, experience and skills across all technical areas when answering these cases. In addition, candidates will be expected to complete an interim assessment assignment in the area of Advanced Application of Financial Reporting Principles.
FAE Elective: five electives are currently on offer: one each in the areas of Advanced Auditing & Assurance, Advanced Taxation (ROI/NI), Advisory), Financial Services and Public Sector.
Students should also note that completion of the Advanced Auditing & Assurance elective will be a pre-requisite for obtaining an audit certificate.
Students of the Advanced Taxation elective may wish to pursue their studies in tax beyond FAE and may be interested in our professional tax qualification Chartered Tax Consultant (CTC) which can be completed in just six months with this elective. Students who successfully complete the Advanced Taxation elective will be eligible to avail of an exemption to join CTC at the final stage of the programme.
Assessment at FAE for Academic year 2022/23
Paper
|
Subject
|
Interim assessment
|
Examination
|
Weight
|
Description
|
Weight
|
Description
|
Paper 1
|
CORE
|
15%
|
AFR (Advanced Financial Reporting)
90 minutes (open book)
|
min 7 – max 9 questions
|
four hour + 30 minutes inclusive of reading time
(open book)
|
Paper 2
|
ELECTIVE: Advanced Audit & Assurance
|
|
Not examinable |
min 7 – max 9 questions
|
four hour + 30 minutes inclusive of reading time
(open book)
|
ELECTIVE: Advisory
|
|
Not examinable
|
min 7 – max 9 questions
|
four hour + 30 minutes inclusive of reading time
(open book)
|
ELECTIVE: Advanced Tax ROI & NI
|
|
Not examinable
|
min 7 – max 9 questions
|
four hour + 30 minutes inclusive of reading time
(open book)
|
ELECTIVE: Financial Services
|
|
Not examinable |
min 7 – max 9 questions
|
four hour + 30 minutes inclusive of reading time
(open book)
|
ELECTIVE: Public Sector
|
|
Not examinable |
min 7 – max 9 questions
|
four hour + 30 minutes inclusive of reading time
(open book)
|
- Duration of all papers is four and a half hours.
- Candidates are required to choose one of five Elective papers on offer.
- In the Elective paper, Taxation, candidates may choose to sit either the Northern Ireland (NI) or the Republic of Ireland (ROI) version of the paper.
Recommended education/study leave
The Institute recommends that training firms provide time off to their students to present for examination. The recommended education/study leave is intended to accommodate attendance on education courses, e.g. block release, and private study.
The following recommendations are made in relation to education/study leave for those preparing as first attempt candidates for the FAE exams:
Paper |
Recommended study leave |
Exam leave |
Papers 1 and 2 |
35 working days in total |
one day (on day of exam) per subject |
Any repeat/resit exam |
N/A |
one day (on day of exam) per subject
Excludes Interim Assessment resits |
NOTE:
Recommended education/study leave is exclusive of time required to sit the examination. Additional time off for sitting examinations is also recommended.
Please ensure you update your email address via the Profile page if you are going on study leave. There will be several important notifications being circulated in relation to the exams shortly before the exams and it is in your best interest to have this information as soon as it is circulated.
Number of attempts
Students may make a maximum of three attempts over three consecutive academic cycles. It is mandatory for students to make the main exam sitting their first attempt. Students may sit their remaining examinations over the main and/or resit sittings.
Should a student not present for either the main or resit sitting in an academic cycle, they are deemed to have forfeited one attempt.
Adjudication of results
- Candidates are required to pass each subject independently.
- In order to pass each subject, the candidate must achieve a minimum of 50% or better (based on amalgamation of any applicable Interim Assessment (AFR) component and the examination paper)
- Independent passes in each subject are referred to as credits. Where a candidate obtains a credit in every subject in the combination of subjects sat, his result will be adjudicated as Pass.
Exam results
The results for the FAE exams and AFR interim assessment will be published on the Exam Results page in the Student Centre area.
Have a query?
If you have a query, please refer to our Support & Services page and contact the relevant department with your query.
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