2009 Chartered Accountancy
Reciprocity Examination
Summary Of Results And Successful Candidates

The CARE is the means by which the provincial and territorial CA institutes measure the professional competence, in a Canadian context, of members of accounting bodies outside Canada assessed by the International Qualifications Appraisal Board as having education, examination and experience requirements substantially equivalent to the Canadian CA qualification program. The CARE examines candidates on their knowledge of Canadian accounting and assurance standards, the rules of professional conduct, Canadian taxation and Canadian business law.

CARE PREPARATION PROGRAM 

The CARE Preparation program will be held at the Institute of Chartered Accountants of Ontario (69 Bloor St. East) from Sunday, August 16, 2009 to Friday, August 21, 2009.  

Registration will be allowed until August 14, 2009 without late registration fee.

The CARE Preparation program is a six-day course which will cover accounting and assurance standards, Canadian law, Canadian taxation and rules of professional conduct. On the last day of  the CARE Preparation program participants will be given a practice examination in the morning.  Experienced markers will evaluate each writers' answers and provide written comments together with a marking guide. An Examination Techniques seminar will be offered in the afternoon.

EXAMINATION

The CARE consists of two three-hour papers written over two consecutive days.  Day 1 of the CARE tests knowledge of accounting (approximately 50 marks) and assurance standards (approximately 50 marks).  Day 2 of the CARE tests knowledge of Canadian taxation (approximately 50 marks), rules of professional conduct/ethics (approximately 30 marks) and Canadian business law (approximately 20 marks).

EXAMINATION REGISTRATION DUE DATE

The completed registration form and examination fee is due at the Institute no later than 5:00 p.m. on Friday, September 18, 2009.

A late registration fee of $100.00 will be applicable for forms received at the Institute after Friday, September 18, 2009 and before 5:00 p.m. on Friday, October 16, 2009.

Please note that registrations will not be accepted after Friday, October 16, 2009.

EXAMINATION DATES, TIME AND LOCATION

The 2009 CARE will be held in the Institute’s building at 69 Bloor St. East, Toronto, as follows:
Day One Monday October 26, 2009 9:00 a.m. - 12:00 p.m.
Day Two Tuesday October 27, 2009 9:00 a.m. - 12:00 p.m.

RELEASE OF RESULTS

The results of the examination will be mailed to candidates on December 11, 2009. Candidates may call the Institute, after 10:00 a.m., on December 11, 2009, if they wish to receive a verbal result. Results are reported as successful or unsuccessful. No alpha or numeric grade is given.

Any questions in respect of the 2009 CARE examination and prep program should be directed to Dominique Charles Lecocq, CA, Associate Director, Education. Any questions related to registration for CARE and reciprocity should be directed to Ted Peart, Co-ordinator, Member and Student Records.

CARE EXAMINABILITY DATES

You can expect the 2009 CARE to cover the following material to the extent that it is integral to the demonstration of your knowledge of Canadian accounting and assurance standards, the rules of professional conduct, Canadian taxation and Canadian business law:

• Other Sources of Information
  You may acquire information from many sources during the course of your studies and work experience. In addition to those sources noted above for which you are responsible, you may integrate into your responses any relevant knowledge you have gained from any source published in printed or electronic media on or before March 31, 2009.

You are not responsible for:

• Provincial tax legislation; or
• Accounting and auditing terminology, pronouncements and practices or tax law applicable only to specific industries;
• Changes relevant to CICA pronouncements published, in printed or electronic media, after March 31, 2009.