CPA Exam Candidates' Language Test Scores Recognized for 5 Years
Enforcement Decree of the Certified Public Accountant Act Passed at the Cabinet Meeting
On the 23rd, amid concerns over the spread of the novel coronavirus infection (COVID-19), examinees wearing masks lined up in front of the testing site set up at Hongik University in Mapo-gu, Seoul, for the 55th Certified Public Accountant exam. Photo by Moon Honam munonam@
View original imageThe recognition period for official language test scores for the Certified Public Accountant (CPA) exam will be extended from the current 2 years to 5 years.
The Financial Services Commission announced on the 28th that it approved the amendment to the Enforcement Decree of the Certified Public Accountant Act at the Cabinet meeting.
This amendment was promoted to reduce the exam burden for CPA exam candidates. It is part of the government's pledge to extend the recognition period for official language test scores.
Candidates who wish to extend the recognition period for official language test scores that substitute the English subject in the first exam must register their scores, which expire after January 1 next year, on the CPA exam website before the expiration of the validity period (2 years) to receive recognition of passing.
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Additionally, the amendment includes revisions to related provisions following the integration of the CPA Qualification Review Committee and the CPA Disciplinary Committee into the CPA Qualification and Disciplinary Committee under the revised Certified Public Accountant Act.
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