Exam Structure
The exam currently consists of case based simulations: one 5-hour "comprehensive" written on the first day, and a six multi-subject questions split between the remaining 2 days. Each multi-subject day is 4 hours, and consists of questions with suggested time limits ranging between 60 and 90 minutes.
Students answer questions which are presented in the form of business cases that include a combination of both explicit and implicit requirements for each case's "users", followed by a list of exhibits that provide case facts from which observations, suggestions and conclusions are derived. Common scenarios include providing advice on how to conduct an audit, advising a client on the pros and cons of investing funds in a given business venture, and providing support to an organization as an internal accountant or auditor.
Since 2003, the exam is marked according to a "competency map". In addition to scoring a total number of marks, candidates must score a minimum level of competency 'points' in each area to pass.
Previous versions of the UFE used a more traditional marking scheme. Older versions of the UFE lasted four days and some included multiple choice questions. The current version consists exclusively of full 'case style' questions, and no multiple choice questions.
Read more about this topic: Uniform Evaluation
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