CA Practical Experience Requirements

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ForewordCA Qualification is an integrated process of academic study, professional education,on-the-job knowledge, skills and attitude development, and formal evaluation. Itsfocus is on developing entry-level CAs with the competencies they need to be successfulin today’s marketplace. Practical experience is an integral part of this Qualificationprocess, enriching and consolidating the development of the core competenciesof the entry-level CA. The quality of practical experience provided to CA Studentsby the CA Training Offices who employ them is essential to the development of newCAs.CA Practical Experience Requirements lay out the CA profession’s practical experiencerequirements, updating those published in 2007. They apply to all CA TrainingOffices for all CA Students in Canada and Bermuda who register with a ProvincialInstitute/Ordre/Region on or after September 1, 2009.Practical experience requirements for the practice of Public Accounting are recognizedseparately from practical experience requirements for CA Qualification. Thespecific regulations and bylaws of the Provincial Institute(s)/Ordre for CA Qualificationand the specific licensing regime or authority within each province to controlPublic Accounting take precedence over these general requirements.CA Training Offices may be subject to regulations and bylaws of more than one ProvincialInstitute/Ordre. For more information, contact your Provincial Institute/Ordre.ii
ContentsCA Qualification and the Practice of Public Accounting:A glossary of defined terms .......................................... 11 The CA Qualification Process ....................................31.1 Overview .................................................31.2 Focus on competency .....................................41.3 The objectives of practical experience ......................51.4 The effective date of these requirements ....................61.4.1 Transition rules. ...................................62 The CA Training Office ..........................................72.1 Overview .................................................72.2 Characteristics of the CA Training Office ....................72.3 Characteristics of a CA Training Program ....................72.4 Responsibilities of a CA Training Office. .....................82.4.1 Overview .........................................82.4.2 Qualities of the working environment ...............92.4.3 Policies and practices .............................92.4.4 Terms of employment .............................92.4.5 Training .........................................102.4.6 Reporting requirements ..........................103 Qualifying Practical Experience ..................................113.1 Overview .................................................113.2 Minimum prescribed term of practical experience ............113.3 Depth and breadth of competency development .............113.4 The level of proficiency expected of the entry-level CA ......133.5 Minimum time requirements by specific competency area ...133.6 Minimum time requirements for individual competencies ....143.7 Practical experience requirements to practisePublic Accounting ........................................143.8 Experience beyond that expected of an entry-level CA ......16CA Practical Experience Requirements 2009iii
Page 1 and 2: CA Practical ExperienceRequirements
Page 3: CA Practical ExperienceRequirements
Page 7 and 8: CA Qualification and the Practice o
Page 9 and 10: 1 The CA Qualification Process1.1 O
Page 11 and 12: 1.3 The objectives of practical exp
Page 13 and 14: 2 The CA Training Office2.1 Overvie
Page 15 and 16: 2.4.2 Qualities of the working envi
Page 17 and 18: 3 Qualifying Practical Experience3.
Page 19 and 20: 3.4 The level of proficiency expect
Page 21 and 22: CA Students seeking to practise Pub
Page 23: 3.10 Practical experience on second
Page 26 and 27: Supervision Requirements4.2.4 Train
Page 28 and 29: Supervision Requirements• Conduct
Page 30 and 31: Supervision Requirements4.9 Limits
Page 32 and 33: Reporting to the Profession5.2.1 CA
Page 34 and 35: Reporting to the Profession5.5 Samp
Page 37 and 38: Appendix 1The information in this a
Page 39 and 40: 2. Assurance Competencies• Analyz
Page 41 and 42: Appendix 2Record of CA Qualifying E
Page 43 and 44: Assurance Competencies Level 0 Leve
Page 45 and 46: B. Pervasive Qualities and SkillsTh
Page 47: The Canadian Institute of Chartered

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