Korean Institute of Certified Public Accountants Holds Seminar on Improving CPA Selection and Practical Training

Joint Study with the Korean Accounting Association and the Accounting Policy Research Institute

The Korean Institute of Certified Public Accountants, in collaboration with the Korean Accounting Association and the Accounting Policy Research Institute, has announced the results of a study on improving the selection and practical training of certified public accountants.

On May 6, the institute held a related seminar at the FKI Tower Conference Center in Seoul, according to an announcement on the 11th. The research team from the Accounting Association, led by Professor Kwon Sewon of Ewha Womans University’s School of Business, proposed measures to stabilize the training process for accountants. These included stabilization plans for accountants who have not been assigned to a training institution, strategies to expand non-accounting firm training institutions, and proposals to improve the supervisor certified public accountant system.

In particular, the researchers emphasized that the training stabilization plan should be operated as a temporary supplementary measure. They explained that fundamental solutions—such as improving supply and demand by reducing the number of certified public accountant passers—must be implemented in parallel to address the issue of unassigned trainees.

Panel discussion at the seminar on improving the selection and practical training of certified public accountants held on the 6th at the FKI Tower Conference Center in Yeouido, Seoul. Korean Institute of Certified Public Accountants

Regarding the selection system for accountants, the research team recommended the advancement of demand estimation for trainee accountants that incorporates changes in the technological environment, strengthening the connection between the selection and training systems, and increasing predictability by formalizing the selection process.

The panel discussion featured Byungchan Hwang, President of the Young Certified Public Accountants Association; Yeonju Song, Human Capital Partner at Samil PwC; Dongwon Kim, Compliance Officer at Taeil Accounting Corporation; Jung-Hoon Hyun, Professor at Chung-Ang University; Sunmi Kim, Professor at Chonnam National University; Chulhee Kim, Head of Educational Planning at the Korean Institute of Certified Public Accountants; and Seongjae Ryu, Head of the Accounting System Team at the Financial Services Commission.

A representative from the Korean Institute of Certified Public Accountants stated, "We plan to continue a variety of policy studies and collect stakeholders’ opinions to ensure that the certified public accountant system and accounting professional development framework can appropriately respond to the changing market environment."

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