CPA PEP Modules

Important: CPA PEP Is Winding Down

The final Core 1 registration period for the CPA Professional Education Program (CPA PEP) opens on October 13 and closes on November 23. Candidates who meet the admission requirements and are interested in pursuing CPA PEP should apply during this registration period.

The CPA PEP program is composed of six modules focused on preparing CPA candidates for a career in business and accounting. There are two core modules, two elective modules, and two capstone modules.

Candidates must complete six modules before they can write the three-day CFE. 

Candidates build the enabling and technical competencies required of a professional accountant. The modules develop competencies in management and financial accounting and are integrative, drawing on law, economics, finance, strategy, statistics, and IT, as well as the technical competency areas. The focus of these modules is breadth. 

  • Core 1
    Focuses on financial reporting, audit and assurance, finance, and taxation
  • Core 2 
    Focuses on management accounting, finance, strategy and governance, and financial reporting

Additional Core Module Details on the CPA Canada website.

Candidates build the enabling and technical competencies required of a professional accountant. The modules develop competencies in management and financial accounting and are integrative, drawing on law, economics, finance, strategy, statistics, and IT, as well as the technical competency areas. The focus of these modules is breadth. 

  • Core 1
    Focuses on financial reporting, audit and assurance, finance, and taxation
  • Core 2 
    Focuses on management accounting, finance, strategy and governance, and financial reporting

Additional Core Module Details on the CPA Canada website.

CPA PEP elective modules provide the opportunity to explore two fields of interest in greater depth. The focus of these modules is depth.

Elective 1 and Elective 2: Candidates must choose two modules from the options below:

  • Performance Management
  • Finance
  • Assurance
  • Taxation

Note: Candidates pursuing a career in public accounting must take Assurance and Tax. 

Additional elective module details are on the CPA Canada website.

CPA PEP elective modules provide the opportunity to explore two fields of interest in greater depth. The focus of these modules is depth.

Elective 1 and Elective 2: Candidates must choose two modules from the options below:

  • Performance Management
  • Finance
  • Assurance
  • Taxation

Note: Candidates pursuing a career in public accounting must take Assurance and Tax. 

Additional elective module details are on the CPA Canada website.

Candidates demonstrate what they have learned through the core and elective modules.

Capstone 1: Integrative Module 
Deepens strategic leadership competencies by using the knowledge acquired in prerequisite and earlier modules in a professional, team setting. Candidates complete a large business case, which relates to Day 1 of the CFE. The module focus is application and integration.

Candidates demonstrate what they have learned through the core and elective modules.

Capstone 1: Integrative Module 
Deepens strategic leadership competencies by using the knowledge acquired in prerequisite and earlier modules in a professional, team setting. Candidates complete a large business case, which relates to Day 1 of the CFE. The module focus is application and integration.

Candidates demonstrate what they have learned through the core modules, elective modules and Capstone 1 module.

Capstone 2: Examination Preparation Module
Focuses on preparing candidates for entry into the profession by applying competencies acquired throughout the CPA program in complex and highly integrative cases. Candidates develop enabling competencies in situations which simulate real-life projects and assignments that newly certified CPAs may encounter in their careers.

Candidates demonstrate what they have learned through the core modules, elective modules and Capstone 1 module.

Capstone 2: Examination Preparation Module
Focuses on preparing candidates for entry into the profession by applying competencies acquired throughout the CPA program in complex and highly integrative cases. Candidates develop enabling competencies in situations which simulate real-life projects and assignments that newly certified CPAs may encounter in their careers.

The Common Final Examination (CFE) is a three-day examination requiring candidates to demonstrate depth and breadth of competency development in accordance with the CPA Competency Map, which describes the knowledge, skills and proficiency levels expected of candidates and members.

The Common Final Examination (CFE) is a three-day examination requiring candidates to demonstrate depth and breadth of competency development in accordance with the CPA Competency Map, which describes the knowledge, skills and proficiency levels expected of candidates and members.

Starting Core 1

Before beginning Core 1, candidates must attend a mandatory two-day orientation workshop designed to prepare them for success in CPA PEP.

Capstone Modules and the CFE

The final modules have different assessment formats:

  • Capstone 1: Concludes with a group presentation.
  • Capstone 2: Focuses on preparing for the Common Final Examination (CFE).
  • CFE: Written after successful completion of Capstone 2.

Challenge Exam and Material Access

Candidates who are writing challenge exams will receive access to Review Materials Modules (RMM). This includes candidates who have:

  • been granted a module exemption,
  • been granted a challenge exam, or
  • previously attempted a module and only want to attempt the exam with access to the most recent module materials.

There is no RMM for Capstone 1. However, selected Capstone 1 module materials are publicly available on the CPA Canada website within a month after the conclusion of each offering.

Eligible candidates must email [email protected] to request RMM registration permission. 

Registration is ongoing and eligible candidates may register at any time through My CPA Portal. 

Note: Fees are non-refundable. 

Registration is ongoing and eligible candidates may register at any time through My CPA Portal. 

Note: Fees are non-refundable. 

  • Content is updated each session and candidates will receive access to the most recent RMM on the date of their registration request. 
  • Candidates in RMMs receive access to the module materials only. The modules are self-study/self-directed. That means: 
    • No facilitator or discussion board is available. 
    • Candidates do not complete or submit any activities or assignments. 
    • There are no workshops or exams.
  • Content is updated each session and candidates will receive access to the most recent RMM on the date of their registration request. 
  • Candidates in RMMs receive access to the module materials only. The modules are self-study/self-directed. That means: 
    • No facilitator or discussion board is available. 
    • Candidates do not complete or submit any activities or assignments. 
    • There are no workshops or exams.