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Chargeable-Hours Requirement
Students in the traditional, licensable stream are required to complete the following minimum number of chargeable hours before being admitted to membership:
Engagement Activity Prescribed Chargeable Hours: | Minimum Number of CA-Supervised Chargeable Hours |
Financial statement audit procedures in accordance with the CICA Handbook | 625 |
Other assurance procedures which must include a minimum of 100 hours of review procedures in review and other assurance engagements*, in accordance with the CICA Handbook, and may include one or more of such areas as environmental audit, forensic audit and non-financial performance measurement, as well as additional hours in financial statement audit procedures | 625 |
Total Assurance Procedures | 1250 |
Taxation and tax service assignments | 100 |
Total Prescribed Chargeable Hours | 1350 |
Elective Chargeable Hours: |
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For greater depth in any of the areas noted above and such other related activities as organizational effectiveness, control and risk management, information technology, finance, consulting, insolvency and valuations | 1150 |
Total CA-supervised Chargeable Hours | 2500 |
*The minimum 100 hours of review is applicable for all students registering with the Institute from September 1, 2001.
Note: Hours spent on taxation within an audit or a review engagement may be included as both a taxation and an audit or review engagement hour in the calculation of those specific hour requirements but such hours count only once in meeting the overall chargeable hour requirement.