Guidelines for transitioning and legacy CMA students

If you’re a student from the legacy CMA Strategic Leadership Program (SLP), learn the transition guidelines for completing the CPA certification program and how to complete your CMA practical experience requirements (PER).

The CPA profession is committed to ensuring that the education and experience you completed for a legacy designation will be recognized towards the CPA designation, and you will therefore make the transition to the appropriate point in the CPA certification program.

Transition guidelines

Legacy students have until September 1, 2018 (August 31, 2018 in B.C.) to complete legacy practical experience requirements (PER). The profession will continue to recognize legacy PER completed by September 1, 2018.

If you transitioned to the CPA Professional Education Program (CPA PEP), you must successfully complete the program and Common Final Examination (CFE) by June 30, 2022 to retain your exemption and transition rights.

If you complete the CPA PEP and CFE by June 30, 2022, you must complete the CPA PER by June 30, 2023 to attain certification.

For more detailed information, refer to the Transition Student Guidelines, which identifies the key CPA transition and requirement completion deadlines, as well as the consequences for not meeting these deadlines.

Transitioning to CPA PEP

It has been determined that knowledge gaps exist between the legacy education programs and the CPA PEP. Bridging material has been developed by the CPA profession and is available to all transitioning candidates. Transitioning CMA candidates fall into three key bridging areas:

  1. If you have completed the SLP but have made no attempt or an unsuccessful attempt of the CMA board report:
    • You will be exempt from the CPA PEP core and elective modules.
    • You will be required to take:
      • bridging modules in tax, audit and finance, if the necessary prerequisites in these topic areas have not been met
      • the breadth coverage module that covers competency knowledge gaps in tax, finance and assurance between CPA PEP Core 1 and Core 2 and the CMA legacy program
      • CPA PEP Capstone 1
      • CPA PEP Capstone 2
      • the Common Final Examination
  2. If you have completed year 1 of SLP and passed the case examination, you will be exempt from CPA PEP Core 2 and will require:
    • bridging modules in tax, audit and finance if the necessary prerequisites in these topic areas have not been met
    • challenging the CPA PEP Core 1 examination (If unsuccessful on the Core 1 examination, you will be required to complete the Core 1 module.)
    • two CPA PEP electives — If you are selecting the CPA PEP performance management elective, you will be allowed to challenge the CPA PEP performance management elective examination after taking the performance management bridging module. (If unsuccessful on the performance management elective examination, you will be required to complete the CPA PEP performance management module.)
    • CPA PEP Capstone 1
    • CPA PEP Capstone 2
    • the Common Final Examination
  3. If you have completed year 1 of the SLP but failed the case examination, you will require:
    • bridging modules in tax, audit and finance if the necessary prerequisites in those topic areas have not been met
    • challenging Core 1 and Core 2 examinations (If unsuccessful on the examination challenges, you will be required to complete the relevant core module.)
    • two CPA PEP electives modules
    • CPA PEP Capstone 1 and Capstone 2
    • the Common Final Examination

To prepare transitioning students and candidates for the CPA program, bridging programs to cover the required prerequisite knowledge in audit, tax and finance modules are now available in English. Please contact CPA Quebec for information on the bridging programs offered in French.

Challenge examinations

Transitioning CMA candidates who completed year 1 of the CMA SLP have the opportunity to challenge specific CPA PEP modules:

  • CMA candidates who completed year 1 and passed the case examination are allowed to write challenge examinations for Core 1 and the performance management elective modules.
  • Candidates selecting the CPA PEP performance management elective will be allowed to challenge the CPA PEP performance management elective examination after taking a top-up of the performance management bridging module. (If you fail the performance management elective examination, you will be required to complete the CPA PEP performance management module.)
  • CMA candidates who completed year 1 and failed the case examination are allowed to write the challenge examinations for the Core 1 and Core 2 modules.

All transitioning students are required to complete Capstone 1, Capstone 2 and the Common Final Examination.

Practical experience requirements

All practical experience recognized for qualification for the CMA designation will be recognized equally towards the CPA program until the transition deadlines as identified in Transition Student Guidelines.

If you have any questions about the CMA legacy practical experience requirements, please contact your provincial/regional body.