The new Public Accounting curriculum for CMA's is being set up by the CMA Ontario Society. Here is the information on the Education Program details that we have to date:
There will be 5 courses in the program of studies -- Audit I & II and Tax I, II & III. All students are required to complete all 5 courses. The cost for each of these courses will be $750 + GST. All courses will be offered through online distance education with the University of Waterloo. Students will have email contact with professors for assistance. A lesson plan will be provided but students will be required to purchase textbooks and a copy of the CICA Handbook separately. Each course will include a mid-term and a final exam.
After students have completed all 5 courses successfully, they will be required to write a 2-part, 5 hour comprehensive public accounting exam. This exam will be marked centrally by CMA Canada and a passing grade will be 60% or higher for each part of the exam. Part A of the exam will be a 2 hour exam comprised of approximately 50-60 objective questions testing Financial Accounting and Taxation syllabus topics. Part B of the exam will be 3 hour exam comprised of approximately 25-30 objective questions and 3 mini-case questions testing Assurance syllabus topics. Students must pass both parts of the exam to successfully complete the program. Students who are not successful in their first attempt will be permitted a maximum of 4 attempts at the exam.
The full program will have defined start and end times. A pilot of the first course, Audit I, is currently running with 13 students across Canada. General registration for the program of studies is expected to be available in January 2008.
We will post further updates on this blog as we receive them. If you would like to be added to a list of people who will be notified by email when course registration begins, please email Christa Janke at christa@cmabc.com with your contact information.
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2 comments:
Are there no courses being offereed which will deal with Financial reporting and all changes thta are occuring in thta area. I notice that only tax and auditing is catered for.
The CMA Ontario courses offered through the University of Waterloo, do focus on Audit and Tax. However, to do a proper Audit, you must know Financial Reporting standards, therefore, I believe that some financial reporting would be covered in the Audit courses. That being said, since I have not seen the course content, I can't say for sure. I will try to find out for you.
In the Interim Educational Requirements (Seminars offered by ICABC - January 21st post on this blog), some financial reporting would be covered in the Compilation and Review Engagement courses
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