NOTES & NEWS
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CPA Education Update
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REMINDER: Changes to the CPA Prerequisite
Education Program effective September 1, 2016
As noted in the July/August 2016 issue of CPABC in Focus, the CPA
profession has made some significant changes to the CPA Prerequisite
Education Program. The key changes are as follows:
• Effective May 30, 2016, the name of the CPA Prerequisite
Education Program (CPA PREP) and its modules has changed to
“CPA preparatory courses.” In addition, the prerequisite
sequencing of courses has been changed.
• The Economics and Statistics courses are still required for
admission to the CPA Professional Education Program (CPA
PEP); however, for Core preparatory courses starting after
September 1, 2016, they are no longer prerequisites. Introductory
Financial Accounting and Introductory Management Accounting
are still prerequisites for the Core courses.
• Starting after September 1, 2016, students no longer require a
degree to be eligible to take CPA preparatory courses. Instead, to
be eligible for enrolment, students have to have successfully
completed one of the following:
➢ One year (30 credit hours) of post-secondary study, which may
be in any discipline, in a diploma or degree program offered by
any recognized post-secondary institution (PSI); or
➢ Three years of relevant work experience, which includes
exposure to accounting and/or finance functions.
The new admission criteria are effective for preparatory courses
starting after September 1, 2016. Transcript evaluations for the new
criteria began on August 1, 2016, in time for the course registration period, which opened on August 15, 2016.
With the removal of the degree requirement for the CPA preparatory
courses,* those interested in pursuing the CPA Advanced Certificate
in Accounting and Finance (ACAF) will be able to take the ACAF Entry
and Technical courses through either a PSI or the CPA preparatory
course offerings (see chart on facing page).
For more information on the CPA preparatory courses or the CPA
ACAF, please visit goCPAbc.ca.
*Students are still required to complete a post-secondary degree before
admission to the CPA Professional Education Program (CPA PEP).
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