Overview of IFAC Pathway
If you have:
- A recognized post-secondary degree and at least three years of relevant experience* OR
- do not have a recognized post-secondary degree but at least eight years of relevant experience*
- May be granted challenge exams for Core 1, Core 2, and the two elective modules
- Must complete the Capstone 1 and Capstone 2 modules
- Must pass the Common Final Exam (CFE)
If you have:
- A recognized post-secondary degree with less than three years of relevant experience* or
- do not have a recognized post-secondary degree with less than eight years of relevant experience*,
- Must begin CPA PEP at Core 1, with no challenge exam opportunities
- Must complete the entire CPA PEP program
- Must pass the Common Final Examination (CFE)
*Relevant experience is defined and assessed as experience in any of the CPA technical competency areas: Financial Reporting, Strategy and Governance, Management Accounting, Audit and Assurance, Finance, and Taxation
- IFAC member applicants with a degree and at least three years of relevant experience must have developed any two competency sub-areas to at least Level 1 proficiency as identified in the CPA Practical Experience Requirements.
- IFAC member applicants with no degree and eight years of relevant experience must have developed any four competency sub-areas to at least Level 1 proficiency, as identified in the CPA Practical Experience Requirements.
To become a CPA, you will need to obtain 30 months of relevant practical experience. In addition to CPAWSB assessing your relevant experience towards the academic bridging placement as stated above, the Practical Experience Review Committee can assess your practical experience for eligibility for exemptions towards the 30-month requirement.
The academic bridging assessment is completed separately from the experience bridging assessment.
Applicants will receive experience bridging forms and instructions when they receive their academic bridging results.
You can submit your admission application and begin the CPA PEP modules once the academic bridging assessment is completed even if your experience bridging is still being assessed.
Only Canadian citizens, permanent residents of Canada, or persons who are otherwise lawfully permitted to work and study in Canada may be enrolled in the CPA PEP program. For details on the Canadian immigration process, please visit the Canadian government website or contact your local embassy. CPAWSB is not involved in the immigration process, nor do we provide housing or funding. Once admitted to CPA PEP, CPAWSB will be able to provide you with a letter of status to aid you in your application with Immigration, Refugees and Citizenship Canada (IRCC).
For more information, please refer to the Information for International Applicants.