CPA certification program: Transitioning for CGA legacy students

Learn how you, as a CGA legacy student, can make the transition into the CPA certification program.

The CPA profession is committed to ensuring that education completed for a legacy designation will be recognized toward the CPA designation, you will therefore make the transition to the appropriate point in the CPA Professional Education Program (CPA PEP), or be required to gain specific subject knowledge, which is available through CPA preparatory courses (formerly CPA PREP).

Terminology:

  • Legacy CGA students — CGA students enrolled in the CGA program who completed all CGA program course requirements for the CGA designation by September 2015. They will become CPA, CGAs when legislation passes in their jurisdiction.
  • Transitioning CGA students — CGA students enrolled in the CGA program who did not complete all CGA legacy education requirements, including PA1 and PA2, by September 2015. These students will transition to the appropriate point in the CPA PEP or will be required to complete preparatory courses. On completion of the CPA program and the passing of legislation in their jurisdiction, they will become CPAs.

Three-year undergraduate degrees:

  • For transitioning students in a legacy program, three-year domestic and international undergraduate degrees will be accepted for admission to CPA preparatory courses and CPA PEP.
  • Degrees must be from post-secondary institutions approved by the appropriate ministry of advanced education and completed before student admission to CPA PEP Capstone 1 module.
  • Going forward, the CPA profession will assess these degrees to determine whether they meet recognition and accreditation standards for entry into CPA preparatory courses and CPA PEP.

Dates and deadlines:

By September 1, 2018:

  • Legacy CGA students who completed all CGA program course requirements, and have only the degree requirement remaining, will need to complete their degree.
  • Transitioning CGA students may complete CPA preparatory courses (formerly CPA PREP) or enter the CPA PEP at the appropriate point, and complete their degrees. They must, however, complete their degrees before beginning the CPA PEP Capstone 1 module. This means transitioning CGA students can enroll in CPA preparatory courses or CPA PEP and complete their degrees concurrently.

By June 1, 2020:

  • All CGA students must complete their undergraduate degree

Practical experience

All practical experience recognized for qualification toward the CGA designation will be recognized equally toward the CPA designation.

  • Legacy CGA students completing the CGA program should continue to have their experience evaluated through Professional Experience Required for Certification (PERC) online. You will have until September 1, 2018, to complete your professional experience which is required for certification as a CGA.

  • Transitioning CGA students should submit experience reports in accordance with CPA practical experience requirements. All experience, both duration and competency, recognized by the legacy CGA profession will count equally toward CPA experience evaluation.

Transfer credits

All CGA-approved transfer credits from post-secondary institutions (PSIs), as well as all PSI-equivalent courses taken in the CGA Program of Professional Studies, will be recognized for admission to CPA preparatory courses and CPA PEP.

CGA Levels 1 through 4

CGA Levels 1 through 4 will most likely cover the prerequisite knowledge requirements for admission to CPA PEP. However, all transitioning students — CGA, CMA and CA — will most likely require some bridging to prepare them for CPA PEP.

Bridging material has been developed by the CPA profession and is available to all transitioning candidates. Mapping of CGA Levels 1 through 4 to the CPA prerequisite requirements is now underway. More details on specific transitioning requirements will be released this fall following the completion of the mapping process.

Transferring from the CGA certification program to the CPA PEP

If you are currently enrolled in the CGA program but did not complete all CGA legacy education requirements — including complete Professional Applications and Competence Evaluations (PACE) requirements — by September 2015, you will have to make the transition to the new CPA program.

Transitioning students who have completed CGA courses equivalent to CPA preparatory courses or CPA PEP modules will be exempted from taking the equivalent CPA preparatory courses or CPA PEP modules.

Upon completion of the CPA program, including success on the Common Final Examination, completion of practical experience requirements and the passing of legislation in your jurisdiction, you will become a CPA.

Note to legacy CGA students and candidates in Quebec

Please contact CPA Québec for more information about transitions.

Highlights

Update your knowledge and strengthen your network at this must-attend conference covering the most important issues and trends affecting audit committee members.

It’s probable that someone you know is deep in debt. If you are observant, you might see one of these seven signs.