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Two core modules  to develop competencies in management and financial accounting and build upon the remaining four core technical competency areas. The module focus is breadth.  

Two elective modules  to develop deeper skills in areas of career interest. Each candidate chooses two of: Assurance, Performance Management, Tax, and Finance. Anyone pursuing a license in public accounting must choose Assurance and Tax. The module focus is depth. 

Capstone 1 (integrative module), which integrates the core technical and enabling competencies. The module focus is application and integration.  

Capstone 2 (examination preparation module), which prepares candidates for the CFE, the national exam on which candidates demonstrate depth and breadth of competency development in accordance with the CPA Competency Map. 

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.

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Not-For-Credit (NFC) modules are self-study/self-directed modules. Candidates are only eligible to register for NFC modules in the following circumstances:

  • If they have been granted a module exemption.
  • If they have been granted a challenge exam.
  • If they have previously attempted the CFE.

Access to a NFC module includes the following:

  • Access to eight weeks of assignments (no submission required; no marking or feedback provided).
  • Access to eight weeks of solutions and debrief materials for all assignments.
  • Access to the peer discussion board for the module. Please note that this board will not be monitored or moderated.
  • An ability to optionally attend and write the module-end examination in exam conditions, with a results transcript provided. Please note that for candidates who fail a NFC module or exam, there are no consequences in terms of their standing.

As this is a self-study module there is no facilitator access and no opportunity to attend the live module workshop either in-person or virtually. However, the asynchronous module workshop materials are provided.

Candidates choosing to write the exam must register separately for the exam after registering for the module. Candidates can register in up to two NFC exams per session, provided the exams are not scheduled on the same day.

NFC modules are available for Core 1, Core 2, Assurance, Taxation, Performance Management, Finance, and Capstone 2. There are no NFC modules available for Capstone 1 or the CFE.

CPA PEP focuses on developing the competencies expected of professional accountants: