To qualify as a CPA, students must complete Canadian CPA Certification program, which includes: (1) prerequisite education, (2) the CPA Professional Education Program (PEP), (3) the Common Final Examination (CFE), and (4) practical experience. For details, see Prospective Students.
As a CPA Canada accredited program, Ivey’s HBA in combination with the Graduate Diploma in Accounting (GDip Accounting) provides advanced standing into the CPA Professional Education Program (PEP). With the GDip Accounting, Ivey HBAs are exempt from the two Core and two Elective modules of the CPA PEP, including the related exams, and must complete only the two Capstone Modules before challenging the Common Final Examination (CFE). This option is described below in ‘Advanced Standing’.
As an alternative, Ivey HBAs can complete the required prerequisite education by taking courses covering specific competencies during the HBA program and then enter the CPA PEP at the beginning. This option is described below in ‘Entry Level’.
To qualify for entry into the CPA PEP, candidates must complete academic prerequisites and an undergraduate degree. Ivey offers all of the courses required to satisfy the academic prerequisites through a combination of required courses, elective courses and one accounting add-on course.
Required courses: BUS 2257 (Accounting and Business Analysis) (or equivalent), BUS 3321 (Accounting & Financial Fundamentals), BUS 3300 (Strategy), BUS 4624 (Managerial Accounting & Control), BUS 3303 (Finance), BUS 3322 (Leveraging Information Technology), BUS 4505 (Global Macroeconomics for Managers) (or ECON 1020), BUS 3316 (Decision Making with Analytics), and BUS 3301 (Marketing).
Elective courses: BUS 4417 (Corporate Financial Reporting), BUS 4497 (Auditing), BUS 4479 (Taxation for Managers), and BUS 4450 (Business Law).
Accounting add-on course: BUS 4477 (CFR II).
To qualify as prerequisite courses, students must obtain an overall average of 70% in the courses and a minimum grade of 60% in each course.
By completing this list of courses successfully, Ivey HBA graduates satisfy the prerequisite education requirements for entry into the CPA Professional Education Program (PEP).
Since Ivey’s CPA program is accredited by CPA Canada, Ivey HBA students may complete the Graduate Diploma in Accounting (GDip Accounting) and receive advanced standing into the CPA Professional Education Program (PEP). With the GDip Accounting, Ivey students are exempt from the two Core modules and the two Elective modules, including the related examinations. Students must only complete the two Capstone modules to be allowed to challenge the Common Final Examination (CFE).
The Ivey GDip Accounting runs for approximately 13 weeks each year from May to the end of July. The program consists of five courses: (1) Advanced Audit, (2) Advanced Corporate Financial Reporting, (3) Advanced Taxation, (4) Applied Research Methods in Accounting and Finance, and (5) Risk, Control and Governance.
Students must achieve an overall average of 72% across the entry level courses (excluding BUS 2257) for admission to the Ivey GDip Accounting Program.
Elective areas: Ivey’s HBA in combination with the GDip Accounting offers the necessary courses for students to choose any of the four elective areas of the CPA PEP: (1) Assurance, (2) Performance Management, (3) Taxation and (4) Finance. Public accounting candidates must choose the Assurance and Taxation electives.
CPA Certification Program Summary:
The chart below illustrates the potential entry points for Ivey students into the CPA Certification Program. Click the image to see the chart in higher resolution.
Prior Ivey Graduates (2014 and earlier):
Students who graduated under Ivey’s legacy program that was accredited by the Institute of Chartered Accountants of Ontario (ICAO) have some differences in the path to achieving a CPA.
Under Ivey’s legacy program, students must have completed 51-credit hours of courses as follows: Financial Accounting – BUS 2257, BUS 4477, BUS 4417 & BUS 4427; Cost/Managerial Accounting – BUS 3307 & BUS 3321; Advanced Accounting Elective – one of BUS 4457, BUS 4447 or ACCT 6007; Assurance and IT – ACCT 6002, ACCT 6005, ACCT 6006 & BUS 3322; Taxation – BUS 4479 & ACCT 6004; Finance – BUS 3321/BUS 3303; and Non-Core – BUS 3301/BUS 4505 & BUS 4450. For 2014 students, ACCT 6006 (EDP Auditing) was replaced with ACCT 6007 (Accounting, Tax and Audit – An Integrated Approach).
With the above courses, 2014 and earlier Ivey graduates must complete a transitional bridging program before being permitted to challenge the exams for the two Core modules and the two Elective modules. Ivey graduates from 2014 and earlier may challenge the Core and Elective exams without attending the modules themselves.
Once the Core and Elective exams are passed, 2014 and earlier Ivey graduates will complete the two Capstone modules before challenging the Common Final Examination (CFE). Once the CFE has been passed and qualifying practical experience has been obtained, the path to the CPA is complete.
As an alternative, 2014 and earlier Ivey graduates may enter the CPA Professional Education Program (PEP) at the beginning and attend all Core, Elective and Capstone modules.