The CFP(TM) Certification Examination process
a discussion of the modified Angoff scoring method
DOI:
https://doi.org/10.1016/S1057-0810(02)00098-7Keywords:
CFP examination, Beuk, AngoffAbstract
The CFP Certification Examination, unlike many other professional examinations, is scored using a system that reports scores on a pass-fail basis but does not provide specific numerical scores. This grading system, known as the modi®ed Angoff process, establishes a passing score for each examination and then incorporates adjusting factors to reconcile actual and expected testing results. The CFP Board also factors in an additional scoring adjusting to equate test scores for consistency overtime. The purpose of this paper is to explain the methodology of the modified Angoff process and, in particular, how it relates to the Certified Financial Planner Board of Standards Certification Examination. Copyright 2001 Elsevier Science Inc. All rights reserved.
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