Become a Licenced Public Accountant (LPA)
By completing specific subject area coverage and practical experience requirements, you can obtain a public accounting licence through the CPA certification program. Explore the public accountant path below.
Complete the required subject area coverage through courses offered by a post-secondary institution. Currently students who complete any of the prerequisites through the preparatory courses offered by CPA Ontario are not eligible for a public accounting licence.
CPA PEP Requirements
- Electives: Assurance and Taxation
- Common Final Examination: select the assurance role and show depth in assurance and financial reporting.
Practical Experience Requirement
To become eligible for a public accounting license with CPA Ontario, students need to complete all 30 months of work experience in a pre-approved External Audit Program, while meeting the following requirements:
|Practical experience route||Qualifying practical experience must be gained in an External Audit Pre-approved program only. Experience gained in the Experience Verification Route does not qualify.|
|Chargeable hours included within 30 month work term||
Minimum of 2,500 hours consisting of:
|Core requirements||Minimum of level 1 proficiency in at least 3 financial reporting sub-areas.|
|Depth requirements||Depth in Audit and Assurance competency areas, with the development of competencies in all three Audit and Assurance competency sub-areas, including a minimum of two sub-areas at level 2 proficiency.|
|Breadth requirements||The remaining two competency sub-areas are specified within each Pre-approved Program.|
|Diversity of experience||Variety of audit and review clients and/or a variety of audit and review experiences.|
|Mentorship||Mentors must be working in public accounting within the same Pre-approved Program.|
|Supervision||All chargeable hours must be obtained under the overall supervision of a Licensed Public Accountable from Ontario.|
(Section 4.3 of the CPA Practical Experience Requirement)
|Practical Experience will count towards the chargeable hour requirement for External Audit Pre-Approved Program if the secondment is within a registered with a recognized External Audit Pre-Approval Program. Otherwise, it will not be recognized toward the chargeable hour requirements for public accounting.|
If you are a member of CPA Ontario, you may apply to become a LPA.
For more information relating to Public Accounting, please refer to: