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Membership Candidacy
In order to apply as a membership candidate, the accounting body you are associated with either through current or previous membership must be listed as "recognized" and you must have passed the final examination of that accounting body. If you are a US CPA, you must hold a CPA certificate in good standing (or a CPA certificate and a licence) issued by a state board of accountancy which has adopted the 150 hour education requirement prescribed by the National Association of State Boards of Accountancy and the American Institute of Certified Public Accountants. You may register with the Institute if you wrote all parts of the uniform CPA examination or the normal qualifying examination(s) of the recognized accounting body while not a resident, and not having been a resident, of Canada for a period of three continuous years immediately prior to writing the examinations. If you meet these requirements, you will be exempted from the education and examination requirements for the CA qualification program in Ontario. You will only be required to take the CA Reciprocity Examination (CARE).
To obtain membership in the Institute of Chartered Accountants of Ontario, you must have a total of three years of accounting experience assessed by the Institute as being equivalent to experience of an entry-level Chartered Accountant in Ontario. The Institute will assess your previously obtained accounting experience and determine whether you have acquired the depth and breadth of competencies and the levels of proficiency for the competencies that are required of an entry-level Chartered Accountant in Ontario. The competency requirements for CA qualification are grouped into six competency areas:
• Performance Measurement and Reporting
• Assurance
• Taxation
• Governance, Strategy and Risk Management
• Management Decision-Making
• Finance
The specific competencies that have been identified within each of the six competency areas are described in detail in the Institute’s CA Practical Experience Requirements 2007.
Qualifying practical experience is defined in terms of both the duration of the practical experience (i.e. the number of years) and the breadth and depth of competency development during the period(s) of practical experience. The minimum term of accounting experience that an applicant must have completed is three years. To meet the depth of competency development requirement, you must demonstrate all of the specific competencies within one or the other of:
• Performance Measurement and Reporting, or
• Assurance.
To meet the breadth of competency development requirement, you must demonstrate at least one-half (50 per cent) of the specific competencies in at least two of the five other competencies.
The Recognized Accounting Bodies are:
The Institutes of Chartered Accountants of:
- Australia
- England and Wales
- Ireland
- New Zealand (members must be admitted after December 1977)
- Scotland
- South Africa
Hong Kong Institute of Certified Public Accountants having completed the Qualifying Program (Professional Program and Final Professional Examination) after December 2001
The Japanese Institute of Certified Public Accountants
Ordre des experts comptables et des comptables agréés, France
The Institute des Reviseurs dEnterprises de Belgique
Instituto Mexicano de Contadores Publicos (members must be admitted after December 1997)
The Netherlands Institute of Register Accountants
Any State Boards of Accountancy with
CA-CPA Reciprocity in the United States of America which exempt Ontario CAs from the requirement to pass the AICPA final examination and have adopted the 150 hour education requirement prescribed by the National Association of State Boards of Accountancy and the American Institute of Certified Public Accountants.