The CPA Competency Map: Defining the competencies of the newly qualified Canadian CPA
At qualification, new Canadian CPAs will demonstrate the competencies expected of leading professional accountants. Specifically they will be required to demonstrate:
The specific competency expectations of the new CPA are defined in The CPA Competency Map, which describes the knowledge, skills and proficiency levels expected of candidates and members. The CPA Competency Map was developed by a team of education experts, in consultation with accounting academics, practitioners and employers to ensure the needs of public practice, industry, and government would be met. It provides the basis for the development of the CPA certification program, including evaluations, accreditation, and practical experience requirements.
The CPA Competency Map does not specify course requirements required for admission to the CPA program. Rather, the CPA map identifies requirements for specific subject area coverage. A separate document, the CPA Competency Map Knowledge Supplement, is available to help post-secondary institutions ensure their programs meet these prerequisite requirements.
In The CPA Competency Map, the technical competencies of the new CPA certification program are categorized into six competency areas core to the vision of the new CPA:
While financial reporting and management accounting will be central, the CPA certification program will require the demonstration of competence in all six competency areas.
The new Canadian CPA certification program will not simply add together the requirements of the existing programs. It will be designed to meet the needs of industry, government and public practice by ensuring that all CPAs have the strong foundation of knowledge and skill as professional accountants to succeed in whatever role or position they take on. It will recognize that not all CPAs will be trained to be auditors at the point of qualification, though it will provide that option.