Historic milestone for Canada's accounting profession

TORONTO, Dec. 4, 2015 /CNW/ - Chartered Professional Accountants of Canada (CPA Canada) congratulates the 2,219 students who successfully passed the profession's first-ever Common Final Examination (CFE).

"This is both an exciting and historic time for Canada's accounting profession," says Kevin Dancey, president and CEO, with CPA Canada. He notes that three legacy accounting designations have come together and are now operating under the Chartered Professional Accountant (CPA) banner across the country.

Currently, Canadian professional accountants who were grandfathered to CPA must also use their legacy designation in combination with the CPA designation.

"The individuals being recognized today will be among the first crop of Canadian CPAs with no legacy designation once they have completed their practical experience," explains Dancey. "These history makers should be proud of their accomplishment. They are on a career path that can offer a lifetime of rewards."

In addition to the technical skills associated with the profession, the CPA certification program offers a solid understanding of leadership, teamwork, communications and strategy. All of this skill and knowledge is combined with a strong understanding of what it means to be a professional and to act ethically.

"The new CPA is more than an accounting designation - it also is a business credential, one that can open many doors," stresses Tashia Batstone, CPA Canada's vice-president, education. "The program is designed to ensure it meets the needs of employers in all sectors of the Canadian economy." 

This year, the prestigious Governor General's Gold Medal along with the CPA Canada cash prize of $5,000 for the highest standing in Canada on the 2015 CFE has been awarded to Ms. Erin Compeau from Deloitte LLP in Toronto, Ontario.  

The CPA Canada regional Gold Medal awards for the highest standing in the CFE (and a cash prize of $2,500) go to:

  • Mr. Mathieu Isabelle, St-Étienne-des-Grès, QC, for achieving the highest standing in Quebec in the 2015 CFE;

  • Mr. Caleb Aaron Hagemeister, MNP LLP, Medicine Hat, AB, for achieving the highest standing in Western Canada in the 2015 CFE; and

  • Ms. Jisoo Ahn, Grant Thornton LLP, Halifax, NS, for achieving the highest standing in Atlantic Canada in the 2015 CFE.

For a complete list of honour roll members, please visit cpacanada.ca/CFEHonourRollList.

About CPA Canada   
The new Canadian designation, Chartered Professional Accountant (CPA), is now used by Canada's accounting profession across the country. The profession's national body, Chartered Professional Accountants of Canada (CPA Canada), is one of the largest in the world with more than 200,000 members, both at home and abroad. The Canadian CPA was created with the unification of three legacy accounting designations (CA, CGA and CMA). CPAs are valued for their financial and tax expertise, strategic thinking, business insight, management skills and leadership. CPA Canada conducts research into current and emerging business issues and supports the setting of accounting, auditing and assurance standards for business, not-for-profit organizations and government. CPA Canada also issues guidance and thought leadership on a variety of technical matters, publishes professional literature and develops education and professional certification programs. cpacanada.ca

SOURCE CPA Canada

For further information: Tobin Lambie, Principal, Media, CPA Canada, T: 416-204-3228, C: 647-302-3761, tlambie@cpacanada.ca; Diana Sorace, Manager, Media Relations, CPA Canada, T: 604-694-6700, C: 604-551-4487, dsorace@cpacanada.ca

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