CPA Practical Experience Requirements
In addition to formal education and the Common Final Examination (CFE), the new CPA certification program requires students to complete a term of relevant practical experience. The knowledge and competencies gained through practical experience complement those developed through education. The standards for practical experience apply only as qualification for entry into the CPA profession.
Practical experience requirements for the practice of Public Accounting are recognized separately from practical experience requirements for membership. The specific regulations and bylaws of CPA Ontario reflect the requirements of the Public Accountants Council for the Province of Ontario (PAC). PAC has authorized CPA Ontario to license public accountants in accordance with the Public Accounting Act, 2004 and these specific requirements take precedence over these general requirements.
Overview of the CPA Practical Experience Requirements
There are two pathways in which a student can achieve their practical experience requirements: