Serving the Public
ICAO Funding in Accounting in Ontario
Institute-Accredited University Programs and Streams
The Institute created and implemented its accreditation process for Ontario universities’ accounting programs/streams in 2004. This initiative was completed in 2010. Institute-accreditation was intended to promote the development of excellence and critical mass in Ontario universities’ accounting/business programs – quantity and quality of faculty, students, research and curriculum.
In conjunction with other rigorous criteria that reflect the high CA standards, the foundation of Institute-accreditation was provided by each university’s self-assessment of its accounting program/stream to The UFE Candidates' Competency Map. Institute accreditation indicates that there is a strong long-term partnership between each university and the Institute that includes a commitment to continuous improvement to ensure that graduates are always well prepared for careers as Chartered Accountants. Students who enrol in Institute-accredited programs/streams are assured to complete the Institute’s 51-credit-hour requirement within these unique programs/streams.
The following Institute/university partnerships were created through accredited accounting programs/streams (in alphabetical order):
Minimum ‘B-‘ GPA Requirement:
Graduates who achieve a minimum GPA of ‘B-‘ in Institute-accredited programs/streams ('B' in the University of Toronto's MMPA program) are deemed to have met all of the requirements for entry into the Institute’s Professional Program. The courses used as the basis for calculating the minimum GPA requirement depends on whether the graduates are from an Institute-accredited program or an Institute-accredited accounting stream within a program. For an Institute-accredited program, the GPA requirement is calculated on all of the courses in the program. For an Institute-accredited accounting stream within a program, the GPA requirement is calculated on the set of courses that define the stream.
University of Waterloo's Institute-Accredited Professional Program
The University of Waterloo's Master of Accounting (MAcc) Program was accredited by the Institute under its accreditation initiative about Professional Schools of Accounting in Ontario launched in 1981. Under this accreditation, graduates of the University of Waterloo's MAcc are considered to have met the Institute’s 51-credit-hour requirement and the Institute’s Professional Program, with the exception of the Staff Training Program and the UFE. Accordingly, MAcc graduates are eligible to attempt the Uniform Evaluation (UFE) upon graduation.