This nationally developed, regionally-delivered CPA Professional Education Program (CPA PEP) has six modules:
- two common core modules, which all CPA candidates must take, focusing on the development of competencies in management and financial accounting, and the integration of the six core technical competency areas.
- two elective modules, which allow CPA candidates to develop deeper skills in their areas of career interest. Four electives will be offered: assurance; performance management; tax; and finance. All candidates must choose two, and candidates pursuing careers in public accounting must choose assurance and tax.
- a capstone integrative module that focuses on the development of the enabling competencies, such as leadership and professional skills, and the integration of core competencies.
- a capstone examination preparation module, which prepares CPA candidates for the Common Final Examination (CFE).
Throughout the program, CPA candidates develop the competencies expected of professional accountants. At qualification, 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 behavior, 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 profession will also develop national accreditation standards for post-secondary institutions interested in offering components of the CPA Professional Education Program.
Learn more from CPA Canada.