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Financial Supervisory Service Announces Reforms to CPA Exam System Including IT Prior Credit Recognition System

Financial Supervisory Service Announces Reforms to CPA Exam System Including IT Prior Credit Recognition System Financial Supervisory Service, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

The Financial Supervisory Service (FSS) announced on the 30th that with the implementation of the IT prior credit acquisition system, the expansion of the IT question proportion, and the advance notice system for the scope of questions starting in 2025, it has prepared an operational plan to ensure stable system establishment and enhance convenience.


Regarding the IT prior credit acquisition system, the FSS preliminarily reviewed over 3,100 courses collected from universities and decided to recognize 822 highly related courses as IT subjects. Courses not reviewed this time will be continuously examined and deliberated to expand the recognized subjects, and examinees can apply directly for subject recognition in the first and second halves of 2024 for additional review.


The proportion of IT questions will be maintained at a level exceeding 15% for the first two years after the system introduction, including data analysis problems. Mock questions related to basic database (DB) terminology that may be included in accounting audit questions and data analysis skills necessary during accounting audits will also be provided.


Additionally, the FSS will classify subjects into detailed 'fields' and disclose the question proportion by field. The public announcement will be made in advance to gather opinions from exam stakeholders, with a final announcement scheduled for March next year. The necessity for annual revisions will be reviewed, and if modifications are needed, changes will be notified between March and April.


An FSS official explained, "We will continuously monitor the introduction status of the new system, including the burden on examinees, and review improvement measures if necessary."


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