Finance Exam Prep is a daily podcast designed to help future tax and finance professionals pass their certification and licensing exams with clarity and confidence.
Built and operated by OpenExamPrep, this podcast breaks down major tax exams into focused, easy-to-digest episodes covering the CPA & Enrolled Agent (EA) Exam, including Part 1 (Individuals), Part 2 (Businesses), and Part 3 (Representation, Practices, and Procedures). Each episode targets one key tax concept, common exam trap, or high-frequency test topic—making it ideal for studying during commutes, workouts, or short study sessions.
Created by Ran Chen, EA, CFP®, a financial professional and exam specialist who has personally passed multiple professional licensing exams, Tax Exam Prep was developed from firsthand experience with how complex—and often poorly explained—tax exam material can be. The goal is simple: make tax exam preparation clearer, more accessible, and more effective through structured explanations and modern learning tools. Whether you’re preparing for the EA Exam, transitioning into a tax career, or reviewing before test day, this podcast is designed to guide you step by step—one concept at a time.
Free practice tools, AI-powered explanations, and additional exam prep resources are available at: https://open-exam-prep.com/
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[CFA Level I] 11, Communicating Risks and Keeping Research Records
vendredi 30 octobre 2026 • Durée 04:48
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
• How to distinguish historical facts from analytical opinions in research communications.
• The obligation to disclose investment process changes and material risk factors to clients.
• Key record retention rules and the CFA Institute seven-year recommendation when policies are silent.
• Why research files and analytical models created during employment remain firm property.
• An exam-relevant trap regarding departing analysts taking proprietary work product.
This independent study resource helps candidates prepare for the CFA Level I exam. Practice tools are available at https://open-exam-prep.com/practice/cfa-level1 and video tutorials at https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
• https://www.cfainstitute.org/standards/professionals/code-ethics-standards
[CFA Level I] 10, Diligence and Reasonable Basis for Research
jeudi 29 octobre 2026 • Durée 04:28
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- Core requirements of Standard V(A) Diligence and Reasonable Basis
- Why a reasonable basis does not require absolute certainty in investment outcomes
- Essential steps for evaluating and vetting third-party research reports
- How to address testing data, quantitative models, and overfitting risks
- A simple decision rule and exam trap analysis for research diligence
This independent study resource helps candidates prepare for the CFA Level I exam. Access more tools at https://open-exam-prep.com/practice/cfa-level1 and https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
https://www.cfainstitute.org/sites/default/files/2027levelitopicoutline_online.pdf
https://www.cfainstitute.org/standards/professionals/code-ethics-standards
[CFA Level I] 9, Loyalty to Employers and Additional Compensation
mercredi 28 octobre 2026 • Durée 04:28
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- Key requirements of Standard IV(A) Loyalty regarding employer benefits and duty of care.
- Rules governing outside independent practice and competitive work for compensation.
- Standards under IV(B) Additional Compensation Arrangements for client bonuses and gifts.
- The distinction between permissible preparations to leave a firm and unethical client solicitation or unauthorized record removal.
- A straightforward decision rule for handling competitive side work and third-party compensation.
This independent audio study lesson complements your CFA study plan. Practice questions and video explanations are available at https://open-exam-prep.com/practice/cfa-level1 and https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
https://www.cfainstitute.org/sites/default/files/2027levelitopicoutline_online.pdf
https://www.cfainstitute.org/standards/professionals/code-ethics-standards
[CFA Level I] 8, Performance Presentation Without Cherry-Picking
mardi 27 octobre 2026 • Durée 04:57
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
* Requirements for fair, accurate, and complete performance presentation under Standard III(D) in the 2027 CFA Level I curriculum.
* Why hiding unsuccessful terminated accounts in an aggregate strategy record creates survivorship bias.
* Transparency considerations including fee disclosures, benchmark consistency, and summary reporting.
* How Standard III(D) performance presentation principles relate to GIPS firmwide compliance.
* Essential traps and decision rules for evaluating historical return disclosures.
This independent prep content is designed to supplement your study plan. Access practice questions at https://open-exam-prep.com/practice/cfa-level1 and video tutorials at https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
https://www.cfainstitute.org/standards/professionals/code-ethics-standards/standards-of-practice-iii-d
https://www.gipsstandards.org/standards/gips-standards-for-firms
[CFA Level I] 7, Suitability and the Client Investment Mandate
lundi 26 octobre 2026 • Durée 04:40
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- Core requirements of CFA Standard III(C) on suitability and client Investment Policy Statements.
- How Standard III(C) mandates regular updates while guidance recommends annual review.
- Evaluating suitability within a whole-portfolio context versus pooled fund mandates.
- Compliance procedures for handling minor versus material unsolicited trade requests.
- Practical decision steps when a client insists on a material trade but refuses an IPS update.
This independent preparation resource helps candidates master CFA Level I concepts. Practice questions and AI tools are available at https://open-exam-prep.com/practice/cfa-level1 and video tutorials are available at https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
https://www.cfainstitute.org/standards/professionals/code-ethics-standards
https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
[CFA Level I] 6, Fair Dealing When Recommendations Change
dimanche 25 octobre 2026 • Durée 04:16
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- How Standard III(B) Fair Dealing governs material changes in investment recommendations.
- Why fair dealing requires equal opportunity to act rather than identical individual service.
- The requirements for disclosing tiered or premium services to current and prospective clients.
- The duty to notify clients of updated ratings before executing trades based on outdated research.
- Practical decision rules to avoid selective disclosure traps under Standard III(B).
This independent prep lesson is designed to supplement your study routine. For additional practice questions, visit https://open-exam-prep.com/practice/cfa-level1 and view video tutorials at https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
https://www.cfainstitute.org/standards/professionals/code-ethics-standards
https://www.cfainstitute.org/sites/default/files/2027levelitopicoutline_online.pdf
[CFA Level I] 5, Misrepresentation and Crediting Other Analysts
samedi 24 octobre 2026 • Durée 04:53
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
* The core scope of Standard I(C) Misrepresentation under the CFA Level I curriculum.
* How to distinguish recognized statistical reporting from third-party analytical research.
* Why research developed within a firm remains firm property when colleagues depart.
* How misrepresenting risks or guaranteeing investment returns violates professional conduct.
* Practical decision rules to prevent plagiarism and proper crediting practices in equity research.
This independent educational episode provides supplementary preparation for candidates studying for the CFA Level I examination. Practice additional questions at https://open-exam-prep.com/practice/cfa-level1 and subscribe to our YouTube channel at https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
* https://www.cfainstitute.org/standards/professionals/code-ethics-standards
* https://www.cfainstitute.org/sites/default/files/2027levelitopicoutline_online.pdf
[CFA Level I] 4, Material Nonpublic Information and the Mosaic Approach
vendredi 23 octobre 2026 • Durée 04:36
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
• The criteria for material nonpublic information under Standard II(A).
• How the mosaic approach permits combining public data and nonmaterial nonpublic clues.
• Why material nonpublic information cannot be sanitized by blending it into research reports.
• The distinction between broad public dissemination and selective insider disclosure.
• A two-step decision rule evaluating materiality and nonpublic status independently.
This independent study resource is not affiliated with or endorsed by CFA Institute. Explore more study material at https://open-exam-prep.com/practice/cfa-level1 and watch our videos at https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
https://www.cfainstitute.org/standards/professionals/code-ethics-standards
https://www.cfainstitute.org/sites/default/files/2027levelitopicoutline_online.pdf
[CFA Level I] 3, Professional Independence Under Gifts and Pressure
jeudi 22 octobre 2026 • Durée 04:35
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- How to distinguish modest gifts from third-party benefits that impair independence under Standard I(B)
- Standard practices for issuer-paid travel and when corporate transportation is permissible
- Why disclosure alone does not cure compromised research or non-independent recommendations
- The key procedural differences between handling client gifts and third-party benefits
- How flat-fee arrangements protect research independence in issuer-paid coverage
For independent study resources, practice tools, and video explanations, explore https://open-exam-prep.com/practice/cfa-level1 and https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
https://www.cfainstitute.org/standards/professionals/code-ethics-standards
https://www.cfainstitute.org/sites/default/files/2027levelitopicoutline_online.pdf
[CFA Level I] 2, Ethical Decisions When the Legal Minimum Is Not Enough
mercredi 21 octobre 2026 • Durée 04:26
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
* How ethical expectations differ from mere legal compliance in investment decision making
* The core principle of Standard I(A) Knowledge of the Law regarding conflicting requirements
* Why members and candidates must always adhere to the stricter law, rule, or regulation
* Common exam traps involving rationalizations, disclosure limits, and local custom arguments
* A practical decision framework for identifying stakeholders and taking appropriate action including dissociation
This independent study resource is designed to supplement your candidate preparation for professional exams. For practice modules, visit https://open-exam-prep.com/practice/cfa-level1 and subscribe to our video channel at https://www.youtube.com/@Open-exam-prep .
Sources checked: October 12, 2026
* https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
* https://www.cfainstitute.org/standards/professionals/code-ethics-standards