CFA® curriculum errata, explained

The curriculum is the gold standard.
Your copy of it stops being right in May.

CFA Institute corrects the curriculum weekly and updates the errata notice monthly — but the PDF and eBook versions are never updated during the year. exclam.ai applies the corrections into the readings and quizzes built from your own copy, so you study the official books without babysitting the notice.

Free to start. $8/week or $30/month if you upgrade. No credit card to start.

How the errata process works

These are CFA Institute's own published process facts — read the errata page on cfainstitute.org for the current notices.

The curriculum ships with errors

CFA Institute maintains an errata team and publishes a curriculum errata notice per level each cycle — miscalculations, incorrect explanations, mislabeled exhibits. This is normal for a document set of thousands of pages.

The notice keeps growing

Confirmed corrections are applied weekly inside the Learning Ecosystem, and the downloadable errata notices are updated monthly. The list you checked in June is not the list that exists in October.

Your PDFs are frozen

CFA Institute states that the PDF and eBook versions of the curriculum are not updated during the year. If you study from the PDFs or print — as most candidates using Schweser-plus-curriculum or curriculum-only setups do — every correction is your homework.

What handling errata by hand looks like

If you study from the PDFs or print, staying current is a recurring chore, not a one-time check:

  1. 1Re-download the errata notice every month and diff it against your memory of the last one.
  2. 2Find each affected page in your own copy and hand-mark the correction.
  3. 3Re-check any notes, flashcards, or practice questions you already made from the wrong number.
  4. 4Trust yourself to remember, in week 30, which of your annotations were corrections.

Skip a month and a misprinted figure quietly becomes a flashcard, then a wrong answer you were sure about.

How exclam.ai applies the corrections

The gold-standard curriculum, with the corrections where you actually study — in the readings, the reader, and the quizzes.

01

Upload your curriculum, add the errata notice

You upload the curriculum PDFs you are licensed to use, and the official errata notice alongside them. Both stay yours — nothing is redistributed.

02

Corrections are applied into the readings

Each correction is applied to the affected passage when your material is processed — including values derived from the corrected number, which a find-and-replace would miss. The application is scoped and verified: nothing outside the erratum changes.

03

The reader flags corrected values

When a reading touches pages with corrections, a notice in the reader lists the corrected values, and it distinguishes official published errata from corrections exclam.ai detected on its own.

04

Quizzes come from the corrected text

Practice is generated from your corrected pages, so a quiz does not test you on a misprint the notice retracted months ago.

The honest limits. Corrections come from the errata notice you upload — when CFA Institute updates it, upload the new version. exclam-detected corrections are labeled as unofficial and shown separately from published errata. For anything score-critical, the current notice on cfainstitute.org is the authority.

CFA curriculum errata questions

What is CFA curriculum errata?

Errata are confirmed errors in the published CFA Program curriculum — miscalculations, incorrect explanations, mislabeled exhibits. CFA Institute investigates reported issues and publishes a curriculum errata notice per level, updated monthly, with corrections applied weekly inside the Learning Ecosystem.

Are the curriculum PDFs and eBooks corrected during the year?

No. CFA Institute states that the PDF and eBook versions are not updated throughout the year — candidates are directed to the online errata notices instead. A PDF downloaded at registration stays wrong wherever the notice later corrects it.

How do I know if an error affects what I am studying?

Officially: check the current errata notice for your level and year on cfainstitute.org, and re-check it monthly. With exclam.ai: upload the notice with your curriculum, and the reader flags corrected values on the affected pages of the readings you are actually assigned.

What does exclam.ai do with the errata notice?

It applies each correction into your uploaded curriculum where the erratum lands — including values derived from the corrected number — then generates readings and quizzes from the corrected text. When CFA Institute updates the notice, upload the new version and the new corrections apply the same way.

Does exclam.ai have its own errata?

Sometimes. When processing finds an internal inconsistency the official notice has not confirmed, it can flag a correction of its own. These are always labeled as exclam-detected, never presented as CFA Institute’s, and shown separately from published errata.

Does this reproduce CFA Institute content?

No. Corrections apply only inside your own licensed, uploaded copy of the curriculum. exclam.ai does not publish errata content, curriculum text, or learning outcome statements, and this page reproduces none of them.

What does exclam.ai cost?

Free to start. $8/week or $30/month if you upgrade. No credit card to start.

Build my plan from the corrected curriculum

Free to start. $8/week or $30/month if you upgrade. No credit card to start.

exclam.ai is not affiliated with CFA Institute or any prep provider. CFA Institute does not endorse, promote, or warrant the accuracy or quality of exclam.ai. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. exclam.ai does not reproduce CFA Institute curriculum content, learning outcome statements, or official mock exams, and makes no claim about your result. The errata process, notices, and correction schedule are published by CFA Institute — confirm them at cfainstitute.org before you register.