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2016 Media Releases

CPA Ontario welcomes 782 new grads!

Students passed the profession’s all-new exam

TORONTO, February 24, 2016 – On February 27, the Chartered Professional Accountants of Ontario (CPA Ontario) will hold its annual convocation ceremony in Toronto to celebrate the success of 782 CPA students who successfully wrote the challenging Common Final Examination (CFE). This is the first time Ontario’s accounting profession has a graduating class who all became CPAs by virtue of a single examination, marking a milestone in the history of accounting.

Toronto’s Erin Compeau will be honoured for achieving the highest marks of any student in Canada during the inaugural writing of the CFE, which makes her the first Governor General Gold Medallist in this new era. Erin has a Bachelor of Business Administration with Distinction from York University’s Schulich School of Business and works at Deloitte LLP in Toronto.

Journalists are invited to attend CPA Ontario’s 2016 Convocation.

WHAT: CPA Ontario’s Annual Convocation Ceremony
WHEN: Saturday, February 27, 2016 at 1:30 p.m.
WHO: Graduating CPA students, their families and prominent Chartered Professional Accountants
WHERE: Grand Metropolitan Ballroom of the Westin Harbour Castle, 1 Harbour Square, Toronto

Background:
On why she chose a career in the accounting profession, Erin Compeau said: “I appreciate the respect that the designation affords and that there is an element of altruism in being a CPA, in that it provides a valuable public service.

“This is definitely a transitional year for the accounting profession and being the first year of students to write the new CFE exam definitely brought with it a pressure to uphold the high standards set by past writers of the former Uniform Evaluation (UFE). Before each day of the CFE, I read a transcript of Sheryl Sandberg’s TED Talk and realized that this was my opportunity to ‘lean in’.”

The CFE, written in September, is a national three-day evaluation that assesses competencies including essential knowledge, professional judgment, ethics and the ability to communicate. It is an important component of the new CPA qualification program, which includes prescribed education, practical experience and examination requirements. Only those who complete this entire CPA program successfully are entitled to use the internationally recognized designation of Chartered Professional Accountant, a profession known for financial expertise, strategic thinking, business insight and leadership.

A total of 20 Ontario students placed on the prestigious 52-member National Honour Roll and Ontario had 782 of the country’s 2,218 successful CFE writers. CPA Ontario also celebrated more than 3,550 successful students, who were either admitted into membership or on the cusp of achieving it, during four convocation ceremonies that took place during November 2015.

The following 19 other Ontario CFE writers have also achieved recognition on the 2015 National Honour Roll are:

  • Benjamin Ahier of Toronto
  • Janine Cammara of Toronto
  • Nancy Dai of Calgary
  • Evan Feldstein of Thornhill
  • Dominic Franchi of Ottawa
  • Megan Hiltz of Orillia
  • Kenny Ho of Markham
  • Emily Hsiung of Ottawa
  • Richard Huynh of Windsor
  • Jeffrey Kong of Toronto
  • Brian Lee of Toronto
  • Kate Li of Markham
  • Megan MacKay of Markham
  • Hannah Ross of Toronto
  • Inderroop Sahota of Brampton
  • Kenneth Shum of North York
  • Carmen Wong of Toronto
  • Steven Yang of Mississauga
  • Jin Yi Zhang of Toronto

“Congratulations to all the successful Ontario candidates,” said Carol Wilding, FCPA, FCA, President and CEO of the Chartered Professional Accountants of Ontario. “Qualifying to become a CPA is a very challenging process and the resulting career is rich in rewards and opportunities. I am confident that all the students will make great contributions to the accounting profession and will uphold the high standards of the CPA designation.”

Interviews with Honour Roll students are available on request.

About the Chartered Professional Accountants of Ontario
CPA Ontario protects the public interest by ensuring its members meet the highest standards of integrity and expertise. CPA Ontario serves and supports its more than 85,000 members and 23,000 students in their qualification and professional development in a wide range of senior positions in public accounting, business, finance, government, not-for-profits and academe. Chartered Professional Accountants are valued by organizations of all types and sizes for their financial expertise, strategic thinking, business insight, management skills and leadership.

For more information, please contact:
Perry Jensen
Chartered Professional Accountants of Ontario
416-969-4271 or 1-800-387-0735, ext. 4271
pjensen@cpaontario.ca