Accounting & Business Knowledge Requirement
All applicants are required to demonstrate accounting and business knowledge. This requirement is met by passing the Knowledge Assessment. Applicants may be exempt from the Knowledge Assessment only if they have completed the required accounting and business coursework.
Applicants must pass the Knowledge Assessment within five years of admission to the CPA Professional Program unless the applicant qualifies for an exemption through accounting and business coursework.
To be eligible to register for the Knowledge Assessment Applicants must meet all three of the following academic admission requirements:
- Degree: A degree or equivalent.
- 120 Credit-Hour: Completion of at least 120 credit hours of post-secondary education.
- GPA: A minimum GPA of 65%.
Applicants may be exempt from the Knowledge Assessment and eligible to enter the CPA Professional Program directly at the Foundational Development Module if they meet all the academic and non-academic requirements including the accounting and business knowledge requirement.
To meet the accounting and business knowledge requirement and be exempt from the Knowledge Assessment, the following must be verified as completed:
- Having completed a minimum of 45 credit hours in accounting or business courses from a post-secondary institution(s), the CPA preparatory courses, or a combination of both.
- At least 21 of those credit hours cover the following required topic areas:
- Intermediate Financial Reporting
- Advanced Financial Reporting
- Management Accounting*
- Finance
- Assurance
- Taxation
*Introductory management accounting courses do not count towards the 21-credit hour requirement.
- The remaining 24 credit hours may be any accounting or business-related courses.
- At least 21 of those credit hours cover the following required topic areas:
- At least one course among the 45 credit hours must have been completed within five years of admission, demonstrating recent academic engagement in the field.