The CFE is the three-day final exam that caps the education portion of the CPA certification program. Students may attempt the CFE three times.
The CFE evaluates students on the competencies defined by the Competency Map, which outlines the knowledge, skills and proficiency levels you must have as a Canadian CPA.
Students must demonstrate depth in either Financial Reporting or Management Accounting as well as depth in one of the other technical competency areas (elective depth role). Students also have to demonstrate breadth in all six technical competencies.
Students wishing to pursue a Public Accounting Licence must have passed Assurance and Taxation. Learn more on how to become a Licensed Public Accountant.
Case Writing Module
This supplemental case study module has been designed to assist students in preparing for the CFE. This optional self-study module will provide students with a number of videos that will walk through how to ensure a student appropriately reads, understands and answers the required in a case. The module consists of a number of short videos to help students read a case carefully, answer the required so as to demonstrate depth, use the calculations and numbers in a case etc. The case study module uses cases which have not been used in Capstone 2.
The Supplement to Capstone 2 module option can be purchased for $25.00 (plus HST) Enrol here to get started.
How to Enrol
- Go to the CFE Enrolment page for examination details.
- Log in to the CFE portal.
- Follow the prompts to select your elective depth role, location, etc.
- Pay the applicable fees.
Click here to watch the CPA PEP How to Enrol Video [Length: 8 minutes]
In 2018 and 2019, the CFE will be offered once in each respective year. The planned dates of the CFE are:
- 2018: September 12, 13 and 14
- 2019: September 11, 12 and 13
The decision as to whether to offer one or two CFEs in 2020 and beyond is currently under evaluation.
2018 CFE results will be available on Friday, November 30, 2018 at 10 a.m. Refer to the CPA PEP schedule for the results date.
All successful writers who gave their consent when they enrolled for the CFE will have their names posted on the CPA Ontario website.
CFE papers are the property of CPA Ontario. Under no circumstances will examination papers be returned or made available to a student after being submitted for marking.
Reviews and Reports
Unsuccessful writers may apply online for an appeal and/or a Performance Analysis Report (PAR). Learn more.
CPA Ontario publishes an ad with the names of all successful writers in the Globe and Mail within a few days of convocation.
Convocation celebrates the achievement of the successful writers. Ceremonies are held in March and November, and invitations are issued six weeks in advance of the celebration.
Admission to Membership
Students who have completed the practical experience requirements in addition to the CFE may be eligible for admission to membership.