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The Canadian CPA Certification Program

Details of the Canadian CPA Certification Program

The vision of the new CPA designation is to be “the pre-eminent internationally recognized Canadian accounting and business credential that best protects and serves the public interest.

The new CPA certification program provides the foundation for that vision.
It builds on the best of existing education programs, creating a challenging and rigorous certification process that meets the needs of business, public practice and government.

The new CPA certification program will meet or exceed all International Federation of Accountants (IFAC) standards for education, assessment and practical experience. It will also meet or exceed the requirements of the leading global accounting bodies, ensuring the new profession can maintain existing and establish new Mutual Recognition Agreements (MRAs) or Reciprocal Membership Agreements (RMAs).

The new program is a nationally developed program that will be delivered by the provincial (or in some cases regional) bodies. It will:

be recognized as being at least as challenging as all current programs
appeal to employers for its development of accountancy and business skills in a high-quality, cost-effective professional program

The CPA certification program is 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 recognizes that not all CPAs will be trained to be auditors at the point of qualification, though that option
is provided.

The CPA certification program consists of:

academic prerequisites for admission to the CPA Professional Education Program
a graduate-level CPA Professional Education Program
examinations, including a Common Final Examination
relevant practical experience

Diagram of Implementation of CPA Professional Education Program