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Topics: Certified Public Accountant, Accountant, Licensure Pages: 11 (3241 words) Published: September 10, 2013
Developing the Canadian CPA certification program was an immediate priority of the merged organization. By drawing on the best of existing programs, we are creating a certification program aimed at producing Canada’s pre-eminent professional accountants. The new program will: • • Be recognized as being at least as rigorous as all current programs. Require an undergraduate degree and specific subject area coverage for admission to the graduate-level CPA Professional Education Program (CPA PEP) being developed nationally and delivered regionally. • • Culminate in a comprehensive multi-day Common Final Evaluation. Include the CPA Prerequisite Education Program (CPA PREP), a part-time accelerated bridging program designed to appeal to the broadest possible group of potential candidates, including university graduates with non-business degrees, immigrants and career changers. The program will be attractive to all those individuals interested in developing and enhancing their business and accountancy skills. • • Appeal to employers for its development of accountancy and business skills in a high-quality, cost-effective professional program. Meet or exceed the requirements of the leading global accounting bodies, ensuring the new CPA profession can maintain existing, and establish new, Mutual Recognition Agreements (MRAs).

The Canadian CPA Certification Program | Updated June 2013

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The CPA Competency Map: Defining the competencies of the newly qualified Canadian CPA At qualification, new Canadian CPAs will demonstrate the competencies expected of leading professional accountants. Specifically they will be required to demonstrate: • TECHNICAL COMPETENCIES in advanced financial reporting, strategy and governance, and management accounting, as well as in audit and assurance, finance and taxation. • ENABLING COMPETENCIES including professionalism, ethical behaviour, written and oral communication, leadership, problem-solving and decision-making. The specific competency expectations of the new CPA are defined in The CPA Competency Map, which describes the knowledge, skills and proficiency levels expected of candidates and members. The CPA Competency Map was developed by a team of education experts, in consultation with accounting academics, practitioners and employers to ensure the needs of public practice, industry, and government would be met. It provides the basis for the development of the CPA certification program, including evaluations, accreditation, and practical experience requirements. The CPA Competency Map does not specify course requirements required for admission to the CPA program. Rather, the CPA map identifies requirements for specific subject area coverage. A separate document, the CPA Competency Map Knowledge Supplement, is available to help post-secondary institutions ensure their programs meet these . prerequisite requirements.

The CP A C ompetenc y Map

The CP A C ompetenc y Map Knowl edge S uppl ement

In The CPA Competency Map, the technical competencies of the new CPA certification program are categorized into six competency areas core to the vision of the new CPA: • • • • • • financial reporting, strategy and governance, management accounting, audit and assurance, finance, taxation. The Canadian CPA Certification Program | Updated June 2013 2

While financial reporting and management accounting will be central, the CPA certification program will require the demonstration of competence in all six competency areas. The new Canadian CPA certification program will not simply add together the requirements of the existing programs. It will be designed to meet the needs of industry, government and public practice by ensuring that all CPAs have the strong foundation of knowledge and skill as professional accountants to succeed in whatever role or position they take on. It will recognize that not all CPAs will be trained to be auditors at the point of qualification, though it will provide that...
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