Universities have an incentive to pass you, and never claim to teach you technical skills -- they teach you theory.
This would be different because they would have an incentive to be an accurate measure of ability so that companies would continue to require them. Presumably the big companies would constantly contribute to the curriculum, and the small companies would then benefit from that.
Medicine and the law are constantly changing, and somehow those licensing exams stay up to date. I assume the same methods could be used.