Financial Services Commission to Improve CPA Exam... "Increase Proportion of IT Questions"

[Asia Economy Reporter Park Jihwan] Financial authorities are planning to increase the score allocation for the accounting audit subject in the Certified Public Accountant (CPA) exam and raise the proportion of IT-related questions.

On the morning of the 10th, the Financial Services Commission held the first meeting of the 'CPA Exam System and Practical Training Education System Improvement Task Force' at the Government Seoul Office, with the Financial Supervisory Service, the Korean Institute of Certified Public Accountants, accounting firms, and others to discuss these matters.

First, they plan to review whether to increase or maintain the required credits for the pre-credit completion system. Currently, to take the CPA exam, candidates must complete at least 24 credits in accounting, business administration, or related fields at a university or equivalent institution.

They also plan to review the possibility of separately categorizing IT-related subjects such as data analysis and the level of recognized credits.

Additionally, they will consider increasing the IT proportion in the exam subjects. This includes introducing questions related to data analysis, which has strong practical relevance, when IT-related topics are tested, and raising the proportion of IT-related questions within the accounting audit subject. Increasing the score allocation for the accounting audit subject is also under review.

The partial pass system and absolute evaluation system, which are applied when determining successful candidates in the second exam, are also under consideration. Regarding the practical training conducted by the Korean Institute of Certified Public Accountants after passing the exam, they plan to expand group training focused on essential content, considering the importance of professional ethics and IT competencies.

A Financial Services Commission official stated, "Over the next four to five months, we will hold meetings and prepare improvement measures by September, with related legal revisions and system improvements to be completed by the end of the year." Legal amendments will be implemented after a grace period of about three years following the revision, considering sufficient preparation time for examinees.

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