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Brock University accredited by Institute of Chartered Accountants of Ontario
St. Catharines, Ontario (September 30, 2005) - Brock University has become the second university in Ontario to have its Accounting Program officially accredited by the Institute of Chartered Accountants of Ontario. That achievement was recognized at an event at the Dr. Charles A. Sankey Chamber at Brock University on Friday, Sept. 30. It is fitting that this recognition coincides with Brock's 25th Anniversary celebration of the Co-op Accounting program, given its long history and success.
"While many universities have accounting programs that produce CAs, accreditation brings the Institute into a partnership with a university," said Brian Hunt, FCA, President and CEO of the Institute. "The Institute of Chartered Accountants has set high standards for a program's infrastructure, education processes and graduate success that must be met before a university is accredited."
Brock, with its newly accredited Bachelor of Accounting Program, Option A, joins the University of Toronto as Ontario's only two universities with accredited programs, although other universities are also pursuing Institute accreditation.
Accreditation pays dividends for the school and its students that go beyond the obvious benefits of meeting the Institute's high standards. A key component of the accreditation process is the provision of financial and other support through the creation of a joint CA/University Centre. Annual funding to the Joint Centre is provided on the basis of $1,000 per first-time Uniform Evaluation (UFE) writer who graduates from the program, up to a ceiling of $100,000.
"Brock University is honoured to be recognized with this accreditation from the Institute of Chartered Accountants of Ontario," said Martin Kusy, Dean of the Faculty of Business at Brock. "This affiliation with the ICAO provides a professional partnership for the Accounting programs, and will be of great benefit to the students who enroll in those outstanding programs."
About the Institute of Chartered Accountants of Ontario:
The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's 31,000 CAs and 3,500 CA students. Since 1879, the Institute has protected the public interest through the CA profession's high standards of qualification and the enforcement of its rules of professional conduct. The Institute website is: www.icao.on.ca
About Brock University:
Brock University, founded in March 1964, offers excellent undergraduate, graduate, and interdisciplinary programs that include co-op and other experiential learning opportunities to a student population of more than 17,000. The University is located in St. Catharines atop the Niagara Escarpment. The University serves the Niagara area as a cultural, academic and recreational centre.
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For more information please contact:
Susan Leblanc
Advancement Officer
Faculty of Business
Brock University
905-688-5550 ext. 4688
sleblanc@brocku.ca
Perry Jensen
The Institute of Chartered Accountants of Ontario
416-969-4271
Toll free: 1-800-387-0735 ext. 271
pjensen@icao.on.ca