026 The framework of the reform of CPA exams has been made
Financial Services Agency held on 30 July 2010 a forum
discussion for “The 9th forum discussion about Certified
Public Accountant System”. Published documents describe
“an interim progress report about CPA System”, and mention
a plan to create a certificate of “an accounting profession”.
The name of the new certificate is called “Financial
Accountant (provisional)”. They have yet to make some
adjustments in detail until they determine, but its position
is almost the same as a Pre-Accountant, called in the old
exam system. By the way, Audit & Assurance is still exclusive
to CPAs, same as before.
This reform has been considered since some incidents
such as unemployment of exam passers and corporate
accountants, and globalization of accounting tasks. It is
interesting that they newly added IT and English subjects
to the exams so that they could reflect the today’s requirements.
