Serving the Public
ICAO Funding in Accounting in Ontario
ICAO accreditation generally attaches to a defined stream of courses delivered within a university accounting/business program, such as, a BComm or BAcc, but is not limited thereto. Where appropriate, ICAO accreditation may encompass an entire program, such as a Bachelors or Masters program in business/accounting. A specific approach may be requested in the accreditation submission or the appropriate approach may be determined during the accreditation process.
ICAO accreditation is not intended to lower the current CA qualification standard. Therefore, the current 51 credit-hour requirement with its minimum ‘B-‘ GPA and minimum of a passing grade in each course provides the benchmark for creating accredited streams/programs and, subsequently, for continuous improvement. The appropriateness of the number and the specific content of courses defined as the accredited stream/program is generally based on the principle that, as a whole, the package exposes students to a reasonable cross-section of competencies set out in the UFE Candidates’ Competency Map in order to develop pervasive qualities, professional skills and specific technical competencies to the proficiency level required. The minimum ‘B-‘ GPA and passing grade in each course relates to the specific courses defined as the accredited stream.