Students win ¢OIN in Ontario CA challenge

Top students received awards at Toronto luncheon June 1

Toronto, Ontario (June 1, 2006) – Students considering a bright looking future in the Chartered Accounting profession scored some impressive prizes in this year’s edition of ¢OIN: The CA Challenge. The Institute of Chartered Accountants of Ontario held its annual competition on May 9 to give high school students considering a career as a Chartered Accountant the opportunity to compete, have fun and earn some cash prizes. The awards were presented to the Top 20 students and their respective teachers at a luncheon at the Institute in Toronto June 1.

“¢OIN is a popular Institute initiative to encourage students to consider becoming a Chartered Accountant,” said Duane Soares, the Institute’s Director of Career Information. “This year students from 140 high schools in 18 districts participated in this highly competitive contest.”

Today, the Institute announced the contest winners from across Ontario. The first place prize provincially is $1,500, with second place getting $1,000 and third collecting $500, with rest of the Top 20 Honour Roll members each receiving $100 and an invitation to the awards luncheon. There are also separate $100 prizes and certificates of achievement for the top students from each of the 23 CA District Associations across the province. In cases where students finished on top in their region and in the top 20 province-wide, they received $200. In the case of ties, both students receive the full prize money.

The Ontario-wide winners are:

1^st Place All Ontario – Gena Jiang, A.Y. Jackson Secondary School, North York
2^nd place All Ontario – Daniel Adam, Thornlea Secondary School, York Region
3^rd place All Ontario – Kexin Hou, Albert Campbell Collegiate Institute, Scarborough

Regional District winners (listed by name, school and student’s hometown):

1^st place Central Ontario District Association – Vincent Kong, Sinclair Secondary School, Whitby
1^st place Cochrane District Association – Kyle Simunovic, O’Gorman High School, Timmins
1^st place Essex-Kent District Association – Rachel Neudorf, Blenheim District High School, Merlin
1^st place Etobicoke District Association – A tie between Joonha Lee, Michael Power-St. Joseph’s High School and Ragu Rajaratnam, North Albion Collegiate Institute
1^st place Georgian Bay District Association – Michael Monks, Collingwood Collegiate Institute, Collingwood
1^st place Halton-Peel District Association – Pantera Piskun, Gordon Graydon Memorial Secondary School, Mississauga
1^st place Hamilton District Association – Nanxi Zha, Nelson High School, Burlington
1^st place Niagara District Association – Katie Harding, E.L. Crossley Secondary School, Fonthill
1^st place North Bay District Association – Kody Carnevale, Chippewa Secondary School, North Bay
1^st place North York District Association - Gena Jiang, A.Y. Jackson Secondary School,
1^st place Northwestern Ontario District Association – Bud Arnold, Westgate Collegiate and Vocational Institute, Nolalu
1^st place Ottawa District Association – Chang Xu, Bell High School, Kanata
1^st place Quinte District Association – Bradley Howes, Quinte Secondary School, Corbyville
1^st place Scarborough District Association - Kexin Hou, Albert Campbell Collegiate Institute
1^st place Toronto District Association – A tie between Jordan Jenah, Lawrence Park Collegiate Institute and Kenny Cui, Northern Secondary School
1^st place Waterloo District Association – Menghan Yan, Centennial Collegiate, Guelph
1^st place Western District Association – Omer Shah, A.B. Lucas Secondary School, London
1^st place York District Association - Daniel Adam, Thornlea Secondary School

To win, the students competed by answering 75-questions at the premises of a firm employing CAs. Think it’s easy? Would you know:

How to assess inventory market value according to Generally Accepted Accounting Principles (GAAP)?
The principles of revenue recognition?
How to assess depreciation?

The 2006 winners knew all that and more.

All of the participants receive a certificate of participation and a chance to find out more about the exciting opportunities offered by a career as a Chartered Accountant.

About the Institute of Chartered Accountants of Ontario:

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's 32,000 CAs and 4,000 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 and the student website is www.ca2b.biz.

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For more information please contact:

Perry Jensen
Director of Media Relations
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