If you registered with CASB and began employment in a CA Training Office on or before August 31, 2009, please click here.
Students who enrolled with CASB and began employment on or after September 1, 2009, must meet the following practical experience requirements.
To become a Chartered Accountant, you must develop and demonstrate two kinds of competencies:
- Pervasive Qualities and Skills:
- Ethical Behaviour and Professionalism
- Personal Attributes
- Professional Skills
- Specific Competencies:
- Performance Measurement and Reporting
- Governance, Strategy and Risk Management
- Management Decision-Making
Through their work experience, students are expected to demonstrate depth in one of the six specific competencies and breadth in two of the six specific competencies.
As of September 1, 2010, students can choose to develop depth in any of the six specific competencies. Depending on the selected depth, the breadth requirements differ slightly.
Students choosing to develop depth in performance measurement and reporting or assurance are required to develop breadth in any two of the remaining five areas.
Depth: Performance Measurement and Reporting or Assurance
Breadth area #1: Any Breadth area
Breadth area #2: Any Breadth area
Students choosing to develop depth in taxation; governance, strategy and risk management; management decision-making; or finance must develop breadth in performance measurement and reporting with breadth defined as a Level 2 proficiency in the three specific competencies identified below (achieving these three competencies at Level 2 satisfies the requirement for one breadth area); and any one additional breadth area in one of the remaining four competency areas.
Depth: Taxation; Governance, Strategy and Risk Management; Management Decision-Making or Finance
Breadth area #1: Performance Measurement & Reporting
Level 2 proficiency in the following three Specific Competencies
- Evaluates the impact of alternative and/or new accounting standards/policies
- Reviews, proposes, and accounts for the entity's transactions, including complex transactions
- Prepares and/or reviews financial statements and accompanying notes
Breadth area #2: Any of remaining four competency areas
The specific proficiency requirements for an area of depth and breadth, other than the three competencies listed above in Performance Measurement and Reporting, remain unchanged. Please refer to CA Practical Experience Requirements 2010 for details. Additional information is available at www.CAtrainingoffice.ca.
Depth of experience:
- Depth of experience is required in only one of the specific competency areas
- Students must spend one-third of their practical experience term developing their area of depth
- At the end of their practical experience:
- students must have gained direct working experience in ALL the specific competencies within their chosen depth area.
- students must be able to demonstrate the ability to work independently in the majority of the specific competencies within their chosen depth area
Breadth of experience:
- Students must designate two of the remaining five specific competency areas as their breadth areas
- At the end of their practical experience:
- students must have gained direct working experience in at least half of the competencies in each of their two chosen specific competency areas;
- students must be able to demonstrate the ability to work independently in one half of those competencies in which they have direct experience.
Students need to record their competency development on a Record of CA Qualifying Experience (links to www.CAtrainingoffice.ca).
Practical experience requirements for attaining the right to practice public accounting are recognized separately from practical experience requirements for CA qualification. Students who would like to pursue the right to practice public accounting, in addition to the requirements listed above, must complete the following at a CA firm (including, for this purpose, offices of the federal and provincial auditors general and the Auditor General of Bermuda) specifically approved by a provincial Institute/Ordre for such purposes:
- Choose assurance as their area of depth
- Develop their CA specific competencies on specific types of assignments – i.e. assurance services, audit engagements and taxation services
- Meet the specific chargeable hour requirements of their provincial institute, which generally include:
Minimum total chargeable hours
Minimum assurance (audit and review) hours
Minimum audit hours (within 1250 assurance hours above)
Minimum taxation hours
Students can attain these hours concurrently with their competencies within the three-year work term.
* The Institute of Chartered Accountants of British Columbia allows for a reduction in the minimum audit hour requirement for certification purposes (please review the specific policies of this institute). Additional audit hours to meet the 625 hour requirement may be required subsequently if students would like to have the right to practice public accounting in another province.