The core of any profession should be clear. Lawyers practice law. Accountants practice accounting. Engineers practice engineering. Technical skills are the fundamental underpinning for entry into these professions. Soft skills, ethics, and so on, these are traditionally developed on the job, and where necessary, monitored and enforced by the profession. I hope that the public trust in the profession continues to be strengthened. I worry that shifting focus away from technical knowledge may do the opposite. When I read the roadmap, I wonder how much of it already applies to other professions, and what makes the CPA profession unique apart from those other professions in the context of the non-technical components of the roadmap.
Very true. The need for technical knowledge in accounting or tax is sorely missing in new CPA's. It could give rise to a new designation - CTTA (Certified Technical and Tax Accountant).
I fail to see how the potential topics maintain the integrity of the profession. This feels like it will cheapen the value of the designation. Unbelievably disappointing.
@@derekisaman3074 I have heard from many people that experience verification is not functioning properly. Firms may not be able to cover all the bases anymore. Candidates valid experience also appears to be not accepted. Firms appear to have limited pre-approved spots which leaves other employees doing similar jobs having to take the experience verification route which is much harder despite them doing the same job. Some very smart people I know left the program because of the CPA. So it is a problem. They could offer conversion to the new CPA for legacy people if needed IMO.
@@derekisaman3074 What the point of CPA anyways. he brought up a great point. Many things nowadays can be googled or searched and excel holds all the financial formulas. So that begs the question what value doe a designation provide. Most people can just get there work experience and be far better off than a student who has completed there CPA.
Hi Gevorg. How can CPA Canada posibly make these change despite the fact that almost everyone seems to be strongly against this? Do members just not get a say? I thought I was working towards becoming an accountant not some diversity and inclusion coach. What is this non sense about no longer testing technical accounting as much. It's an accounting designation for crying out loud. I really feel lost all of sudden. Thank you CPA Canada.
@@derekisaman3074 Hey, I'm not to familiar with the difference in prestige between the CAs, CMAs and CGAs. Were CAs really considered much more prestigious? Was the training much more rigorous?
Please tell me it is April 1st and this is a bad joke. How is diversity, equity, and indigenous views a central focus of a technically focused, analytical accounting program?
I'm afraid it's official, CFE as we know it is being replaced in 2025. Take a look at the CM 2.0 (link in video description), you'll see topics like organizational behaviour, human behaviour/bias, conflict management, sustainability/ESG, etc. Since CPAs are going to be mostly "people managers", they want to teach us "people skills", ie. how to handle conflict and how to deal with diverse group of staff. Hence why these new topics are being added to the new 2025 program.
@@GevorgCPACPAs as people manager is such a downgrade for me. That is just one of our hats above all CPAs are technically competent individuals in the field of accounting and its related field not just people manager. People skills can be develop outside of the designation. Why does CPA Canada decides this stupid things is a mystery to me.
Be ready to talk to others in the CPA. The CPA appears to be be creating some transition plan for current students. I think its absolutely necessary to do so, as well as to address the PERT concerns as well. A lot of students put time and money into the program, and will not be happy if they are cannot complete it because of the extremely bad PERT system as an example. All IMO.
I kept looking at the date on my PC, thinking it was April 1st. As someone in PREP, I was only just beginning to get a better hold on all of the requirements. I hate PERT EV. I'm glade to see it go but I also feel confused and demoralized. I was thinking of doing PEP through a MAcc. Working on my app today. Now would that even be worth it?
@@kawhi-theking_of_the_north3536 Are they going to offer the ability to convert legacy people to the new CPA? For someone who is doing the same job and getting the same experience, what are the issues? I think they need a conversion method for experience and courses IMO.
Thanks Gevorg for sharing this. May i know what would be the fate of RMA / MRA /MOU between CPA Canada and International Chartered Accountancy Institutes ? What exemptions should Members of such International Chartered Accountancy Institutes / Bodies, expect from CPA Canada ?
Law is increasingly going this way as well. It's... Not good. Things going this way are going to cause us to lose cross border recognition. This is a slow creeping disaster everywhere, with the lowering of standards across the board.
@@GevorgCPA I think perhaps we need to express our views to CPA Canada. I’m not fond of the devaluation of our designation. Edit after reading that link: Yea I don’t remember being consulted on this. If they want to change the CFE… whatever. It’s not that hard anyways. But this inclusivity, diversity, etc. stuff needs to go. Are we turning into the government?
Hi Gevorg, can you please elaborate on what it means "no more CFE" in the new program to become a CPA once you have new information? It's still unclear how to clear CPA level 1 through micro-credentials. Thanks for your videos!
The CFE "as we know it" is being cancelled, but there will be a "new" CFE. It may not be 3 days, it may be only 1 or 2 days, and it may have a presentation component or something similar. We don't know yet, but there is a pressure on CPA Canada to keep the exams rigorous. They will probably roll out extremely complex cases, since they want to test "critical thinking skills". Once I get more info, I'll let you all know.
@Gevorg CPA Thank you so much for your answer. I plan to write the September 2024 CFE. However, I like the idea of having micro-credentials because it helps candidates who choose the PEP pathway vs the graduate studies at University (Quebec and Ontario) to have a feeling of accomplishment. 🙏😊
@@GevorgCPA it makes sense to test critical thinking. That's how all old ufe and even cpa pep program has been. The entirety of exams isn't always about getting the write answers, even cpa themselves elaborate it's not always about that. But it always been how they mark you in carrying your professional analysis and logic Doing accounting is one thing, plenty ppl can do accounting, but it's that critical thinking and identifying problems, especially stuff in tax, is what makes you an accountant
I just registered as a student with CPA Ontario and should start my PREP courses soon (I have 10 PREPs) - this news is making confused, shall I still proceed or wait?
Hi Gevorg, thanks for the video, good stuff. I had a question, How about pursuing USA CPA via a Master of Accounting Degree in the USA and then later gaining experience and then transferring to Canadian CPA. Also would you say American CPA is world recognized compared to the Canadian CPA only recognized in Canada? Also in terms of career growth does US CPA pay more compared to the Canadian CPA ? Looking forward to hearing from you?
You’d need to look into the agreement between CPA Canada and USA as I thought there were residency requirements and minimum experience needed before Transferring
I'm currently in PREP, will the PREP courses still be enough to enter the CM2.0? I don't want to spend time studying 14 courses and then having to start from scratch to enter the new CPA program
As a legacy CGA student who fell two courses short of completion before the program wound up, and my professional education was put on an indefinite hiatus after that, this excited me greatly, and I will be following development and further announcements for entrance opportunities with great interest.
Maybe see what they will do about converting people to the new CPA. I dont know if you want what happened to you to happen to people just entering the current program. Also may want to ask for your money back if they did not offer the conversion option.
Thankfully I haven't yet reapplied, but am a little frustrated to see the videos removed without an update, or at least one that I've been able to find.
So for people that have, for example, completed Core 1/2 and Elective 1 during the current program, will they be eligible for the mini credentials for the next program?
@@JJ-vp3bd the cpa course isn't all just theories other than audit. But the other courses all teaches you technical work like tax and how to approach and analyze professionally on tackling problems. In a lot of case writing you do, it's not always about how much accounting you know it's always about how to apply the accounting into the problems that were identified. Work experience is one thing, but having that professional mindset is another. Plenty of ppl can do accounting and bkg, but know next to nothing about tie professional mindset and the type of problem solving you do when you are face to face with a client
I would wait for the CPA to confirm. I fear you will just waste time and money if they dont offer a conversion path. Maybe current students in the program are already wondering about this new path too and what it will mean if they cannot finish their courses and experience in time. CPA only exists because of dues paid by firms and students imo, and i think you know the implications of screwing stakeholders from your courses.
I showed clips of the CPA Canada webinars in the video. You can watch the full videos on their channel. More updates available here: www.cpacanada.ca/en/become-a-cpa/why-become-a-cpa/the-cpa-certification-program/new-certification-program. They don't say "no more CFE" like I did, but that's essentially what's happening: The CFE "as we know it" is being replaced. New CFE may not be 3 days, it may be only 1 or 2, and it may have a presentation component or something else. We don't know yet, it's still in early stages.
Gevorg, I just started PREP through CPA and based on my goal on taking 1 Prep course per semester, I will be done in 2024. Once everything works out for me, I should be entering PEP starting 2025. Is PEP what you call CPA program already? Now, I'm not sure what it means to me? No more PEP? and No PERT so what does it mean for me? sorry, if you can please share what you think I know its new just not understanding. Thank you!
Yes, PEP is the current CPA program. PEP is the program that starts after PREP. It has the 6 modules, Core 1, Core 2, electives, etc. Then the final exam is CFE. If your plan was to start PEP in 2025, you'll probably be transitioned into this new program and take the "new PEP". We don't know what modules will be there, how long they will each take, what exams you'll write, that's still to be developed. The other item, PERT, is about writing experience reports. You don't have to worry about it for now, most report it later in the program and it may disappear completely.
@@GevorgCPA thank you! my luck eh? My take away from your video is CPA are now going to test us on our critical thinking skills and now I have to find out what that mean and how it will look like on the exam. TY for response. Looking forward for your updates on this matter.
Should I start my PEP this year or delay until 2025? If i start reporting my experience now and when the program kicks in in 2025 and i havent started my core 1 by then, will i be placed under the cpa 2.0 in 2025 or?
2025 is still 2 years down the road. As I said in my video, it's the "target date," it could be 2026 if there are delays. So I would start now. My understanding is that they will keep current students as "legacy students" and let you keep reporting under current PERT. When I get more information, I'll update you.
Hello, I'm new to the whole process, under the current program I have to take 5 courses from PREP, before I can enter into PEP. I'm planning on being done by the end of 2024, how will the new program will look like for someone like me?
same here. Nobody could be able to answer this I guess. I really hope that they would set up a legacy program where people like us could take the CFE instead of take everything from scratch again
I hope they can find a conversion path soon. I do not think it is at all fair to drop the ball on students like this. You put in the effort to learn and should be able to take that academic and work experience to finish the CPA IMO. Your time is important too. You probably spent money on their program too. I would say this is quite serious especially if you get nothing out of the program on account of them. Remember the cpa only exists because firms and students who by extension are the main stakeholders pay dues imo. If you read your courses you know what that means.
I start the CPA prep this year and the CPA PEP hopefully 2024. Was planning to write the CFE sometime 2025/26... do we know the requirements to take the legacy test or is that available for any student enrolled in the CPA PEP at that time?
Can't say for sure, it's still in the early stages. If you're already going to be in PEP in 2024, my guess is that you'll be under the legacy path and take the current CFE format.
This is something you could discuss with the CPA or your employer. I think that you should see if they are looking into converting legacy people to the new path which should not be that hard IMO.
I believe cpa would lose the credibility it has enjoyed so far if these changes are made. Nobody hiring new CPA because they are aware of diversity and inclusiveness and nothing how to do read a FS. CPA would be joke!
sadly this rings very true. I can see adding it in, much like legacy CMA we had more operational and management courses but still had vigorous technical requirments and exams to pass.
From May 2024(as of now), Indian CA(/CPA) course is going to be drastically changed as per ICAI and now CPA Canada is also announcing a major changes from 2025. It's going to be difficult adopting these changes as they can be favourable or unfavourable for each individual student. These changes will definitely increase their reputation around the world.
I am sorry. It will just make CPA a cheaper designation. Just like how they turned CA to CPA. A presentation and Team work based exam? no one will respect that.
What nonsense is this... while there are glaring issues with the current process of certification - AT LEAST - there is some standardization through exams. This new model looks like handing participation medals to everyone. Watering down our profession like this means eventually you'll get your CPA for bringing your pencil.
The core of any profession should be clear. Lawyers practice law. Accountants practice accounting. Engineers practice engineering. Technical skills are the fundamental underpinning for entry into these professions. Soft skills, ethics, and so on, these are traditionally developed on the job, and where necessary, monitored and enforced by the profession. I hope that the public trust in the profession continues to be strengthened. I worry that shifting focus away from technical knowledge may do the opposite. When I read the roadmap, I wonder how much of it already applies to other professions, and what makes the CPA profession unique apart from those other professions in the context of the non-technical components of the roadmap.
Very true. The need for technical knowledge in accounting or tax is sorely missing in new CPA's. It could give rise to a new designation - CTTA (Certified Technical and Tax Accountant).
I fail to see how the potential topics maintain the integrity of the profession. This feels like it will cheapen the value of the designation. Unbelievably disappointing.
That’s how everyone felt about the transition from CA/CMA/CGA to CPA too.
@@derekisaman3074 I have heard from many people that experience verification is not functioning properly. Firms may not be able to cover all the bases anymore. Candidates valid experience also appears to be not accepted. Firms appear to have limited pre-approved spots which leaves other employees doing similar jobs having to take the experience verification route which is much harder despite them doing the same job. Some very smart people I know left the program because of the CPA. So it is a problem. They could offer conversion to the new CPA for legacy people if needed IMO.
@@derekisaman3074 What the point of CPA anyways. he brought up a great point. Many things nowadays can be googled or searched and excel holds all the financial formulas. So that begs the question what value doe a designation provide. Most people can just get there work experience and be far better off than a student who has completed there CPA.
Can't wait for the new wave of accountants to have dogshit technical knowledge. Getting a CPA in Canada is already a joke.
Extremely demoralizing
why
This sounds like bullshit considering how much work ppl in the past had to go through
Hi Gevorg. How can CPA Canada posibly make these change despite the fact that almost everyone seems to be strongly against this? Do members just not get a say? I thought I was working towards becoming an accountant not some diversity and inclusion coach. What is this non sense about no longer testing technical accounting as much. It's an accounting designation for crying out loud. I really feel lost all of sudden. Thank you CPA Canada.
Woke politics is ruining the profession.
Every single CA felt the same way about the amalgamation into the CPA program. The organization didn’t care.
@@derekisaman3074 Hey, I'm not to familiar with the difference in prestige between the CAs, CMAs and CGAs. Were CAs really considered much more prestigious? Was the training much more rigorous?
Lol, CPA taking marching orders from WEF. What a joke
Ruining the credibility of being a CPA. Absolutely ridiculous
citationmissing?
Please tell me it is April 1st and this is a bad joke. How is diversity, equity, and indigenous views a central focus of a technically focused, analytical accounting program?
I'm afraid it's official, CFE as we know it is being replaced in 2025. Take a look at the CM 2.0 (link in video description), you'll see topics like organizational behaviour, human behaviour/bias, conflict management, sustainability/ESG, etc. Since CPAs are going to be mostly "people managers", they want to teach us "people skills", ie. how to handle conflict and how to deal with diverse group of staff. Hence why these new topics are being added to the new 2025 program.
@@GevorgCPA
Thanks for doing the work and raising awareness. Likely would not have learned about this without your video.
@@GevorgCPA Why not just call it an MBA then if it's just about being a people manager.
@@GevorgCPA I am speechless .. oh my ...
@@GevorgCPACPAs as people manager is such a downgrade for me. That is just one of our hats above all CPAs are technically competent individuals in the field of accounting and its related field not just people manager. People skills can be develop outside of the designation. Why does CPA Canada decides this stupid things is a mystery to me.
ربنا يفرجها علينا و عليك يا عوبد و يجمع شمل كل مسجون او متغرب بأهله على خير و في خير
Thank you G for giving me more urgencies to study harder for this May CFE exam🙏🙏🙏
You're welcome. That was the key message of my video.
Looks like CPA Canada is also part of the JT liberal cabinet.
wait what? so why am I struggling and sending myself to a mental hospital over this course when I could stop and wait 2 years?
Be ready to talk to others in the CPA. The CPA appears to be be creating some transition plan for current students. I think its absolutely necessary to do so, as well as to address the PERT concerns as well. A lot of students put time and money into the program, and will not be happy if they are cannot complete it because of the extremely bad PERT system as an example. All IMO.
I’m sorry pardon…I’m currently busting my butt studying for my tax elective…this sounds frustrating
It sounds like too much of a DEI initiative that will reduce the rigour of the program.
The number on new CPAs has been decreasing. It's sounds like DEI is being used as an excuse to increase membership fees
I kept looking at the date on my PC, thinking it was April 1st. As someone in PREP, I was only just beginning to get a better hold on all of the requirements. I hate PERT EV. I'm glade to see it go but I also feel confused and demoralized. I was thinking of doing PEP through a MAcc. Working on my app today. Now would that even be worth it?
MAcc is a good choice, it's faster and cheaper. The transfer of credits from MAcc to CPA will also change with this, so I would start it ASAP.
Im waiting ti 2025 before doing CPA because I dont want to go through PERT EVR
@@kawhi-theking_of_the_north3536 Are they going to offer the ability to convert legacy people to the new CPA? For someone who is doing the same job and getting the same experience, what are the issues? I think they need a conversion method for experience and courses IMO.
So...after this starts our designation is basically worthless because it's so easy to get. Great job CPA Canada.
Literally thought this was an early April fool's prank video. Cmon CPA Canada, what is this??
Is CPA Canada expecting AI like chatgpt will gradually replace accounting technicals so they want to focus more on soft skills?
To be honest. Employers employee people more of soft kills and train them for technical skills. I guess that’s what they adopting.
@@rebeccasonubi4070citation?
Is this a joke?
No, it's official. www.cpacanada.ca/en/become-a-cpa/why-become-a-cpa/the-cpa-certification-program/new-certification-program
Thanks Gevorg for sharing this. May i know what would be the fate of RMA / MRA /MOU between CPA Canada and International Chartered Accountancy Institutes ? What exemptions should Members of such International Chartered Accountancy Institutes / Bodies, expect from CPA Canada ?
This change is so stupid... I can't believe accounting is going woke. I never thought this would ever happen.
If this is true, I’m going to law school and not renewing my CPA designation when I finish.
It's true. Here's official Q&A from CPA Canada's CM 2.0 website: cpaleadstheway.ca/questions-and-answers
Law is increasingly going this way as well. It's... Not good. Things going this way are going to cause us to lose cross border recognition. This is a slow creeping disaster everywhere, with the lowering of standards across the board.
@@GevorgCPA I think perhaps we need to express our views to CPA Canada. I’m not fond of the devaluation of our designation.
Edit after reading that link: Yea I don’t remember being consulted on this. If they want to change the CFE… whatever. It’s not that hard anyways. But this inclusivity, diversity, etc. stuff needs to go. Are we turning into the government?
what law roles you looking into
@@JJ-vp3bd I work in tax, so continue on with that but add the ability to litigate.
How is this going to affect the recognition of CPA designation internationally? It seems like a Raod Map for a liberal art degree to me.
Hi Gevorg, can you please elaborate on what it means "no more CFE" in the new program to become a CPA once you have new information? It's still unclear how to clear CPA level 1 through micro-credentials. Thanks for your videos!
The CFE "as we know it" is being cancelled, but there will be a "new" CFE. It may not be 3 days, it may be only 1 or 2 days, and it may have a presentation component or something similar. We don't know yet, but there is a pressure on CPA Canada to keep the exams rigorous. They will probably roll out extremely complex cases, since they want to test "critical thinking skills". Once I get more info, I'll let you all know.
@Gevorg CPA Thank you so much for your answer. I plan to write the September 2024 CFE. However, I like the idea of having micro-credentials because it helps candidates who choose the PEP pathway vs the graduate studies at University (Quebec and Ontario) to have a feeling of accomplishment. 🙏😊
@@mimianalystmind6014 You're welcome.
@@GevorgCPA it makes sense to test critical thinking. That's how all old ufe and even cpa pep program has been. The entirety of exams isn't always about getting the write answers, even cpa themselves elaborate it's not always about that. But it always been how they mark you in carrying your professional analysis and logic
Doing accounting is one thing, plenty ppl can do accounting, but it's that critical thinking and identifying problems, especially stuff in tax, is what makes you an accountant
A high proportion of current day CPAs could not pass the CFE today. I know one CPA who couldn't even do a bank reconciliation.
PERT is going away? Would you still need to report your work experience? How will they recognize your work experience?
I would suspect there will still be a reporting system but the current PERT is garbage.
They're working on it. Still 2 years to go, so there will be more info on this.
I just registered as a student with CPA Ontario and should start my PREP courses soon (I have 10 PREPs) - this news is making confused, shall I still proceed or wait?
Hi Gevorg, thanks for the video, good stuff. I had a question, How about pursuing USA CPA via a Master of Accounting Degree in the USA and then later gaining experience and then transferring to Canadian CPA. Also would you say American CPA is world recognized compared to the Canadian CPA only recognized in Canada? Also in terms of career growth does US CPA pay more compared to the Canadian CPA ?
Looking forward to hearing from you?
You’d need to look into the agreement between CPA Canada and USA as I thought there were residency requirements and minimum experience needed before Transferring
USA is not on IFRS.
CPA has proven they do not have a clue....Can we bring back CMA and CGA...
Does the breakup between CPA Canada and CPA Ontario have anything to do with this stupid move?
I'm currently in PREP, will the PREP courses still be enough to enter the CM2.0? I don't want to spend time studying 14 courses and then having to start from scratch to enter the new CPA program
Same here, just registered as a student and getting into PREP.
Anyone want study partner
I registered for July exam
@@niceboy6088 which subject are you in?
Time for a new designation that isn't woke.
As a legacy CGA student who fell two courses short of completion before the program wound up, and my professional education was put on an indefinite hiatus after that, this excited me greatly, and I will be following development and further announcements for entrance opportunities with great interest.
Maybe see what they will do about converting people to the new CPA. I dont know if you want what happened to you to happen to people just entering the current program. Also may want to ask for your money back if they did not offer the conversion option.
Thankfully I haven't yet reapplied, but am a little frustrated to see the videos removed without an update, or at least one that I've been able to find.
if I plan to write 2024 Sep CFE as my first attempt, what if I fail it? Will CPA offer ongoing CFE for the ones already in the program?
fingers crossed that is the case
Firms and students pay the cpa to exist. Make the cpa listen. Look back at your education.
So for people that have, for example, completed Core 1/2 and Elective 1 during the current program, will they be eligible for the mini credentials for the next program?
Welcome to a new age of CPAs are are absolutely useless and technically ill knowledge under this new program.
what technical would they be missing?
@@JJ-vp3bd the cpa course isn't all just theories other than audit. But the other courses all teaches you technical work like tax and how to approach and analyze professionally on tackling problems.
In a lot of case writing you do, it's not always about how much accounting you know it's always about how to apply the accounting into the problems that were identified.
Work experience is one thing, but having that professional mindset is another. Plenty of ppl can do accounting and bkg, but know next to nothing about tie professional mindset and the type of problem solving you do when you are face to face with a client
Again when is it going to be implemented? In 2026
I plan to write CFE in 2025. Just wondering do I have chance to rewrite the 2026 CFE if I can not pass CFE in 2025.
Talk to the CPA and other candidates. This is a serious issue they need to address IMO. You paid them for the program.
as someone who is graduating university in 2024 do you think its a good idea to just work full time and leave doing the CPA for a few years?
Yup
Thank you for this.
What if I just completed a economics degree and looking at getting the prep courses done through a post secondary institution?
I would wait for the CPA to confirm. I fear you will just waste time and money if they dont offer a conversion path. Maybe current students in the program are already wondering about this new path too and what it will mean if they cannot finish their courses and experience in time. CPA only exists because of dues paid by firms and students imo, and i think you know the implications of screwing stakeholders from your courses.
CFE next year. Caught the last chance
Hi where is your source on these updates?
I showed clips of the CPA Canada webinars in the video. You can watch the full videos on their channel. More updates available here: www.cpacanada.ca/en/become-a-cpa/why-become-a-cpa/the-cpa-certification-program/new-certification-program. They don't say "no more CFE" like I did, but that's essentially what's happening: The CFE "as we know it" is being replaced. New CFE may not be 3 days, it may be only 1 or 2, and it may have a presentation component or something else. We don't know yet, it's still in early stages.
Gevorg, I just started PREP through CPA and based on my goal on taking 1 Prep course per semester, I will be done in 2024. Once everything works out for me, I should be entering PEP starting 2025. Is PEP what you call CPA program already? Now, I'm not sure what it means to me? No more PEP? and No PERT so what does it mean for me? sorry, if you can please share what you think I know its new just not understanding. Thank you!
Yes, PEP is the current CPA program. PEP is the program that starts after PREP. It has the 6 modules, Core 1, Core 2, electives, etc. Then the final exam is CFE. If your plan was to start PEP in 2025, you'll probably be transitioned into this new program and take the "new PEP". We don't know what modules will be there, how long they will each take, what exams you'll write, that's still to be developed. The other item, PERT, is about writing experience reports. You don't have to worry about it for now, most report it later in the program and it may disappear completely.
@@GevorgCPA thank you! my luck eh? My take away from your video is CPA are now going to test us on our critical thinking skills and now I have to find out what that mean and how it will look like on the exam. TY for response. Looking forward for your updates on this matter.
Should I start my PEP this year or delay until 2025? If i start reporting my experience now and when the program kicks in in 2025 and i havent started my core 1 by then, will i be placed under the cpa 2.0 in 2025 or?
2025 is still 2 years down the road. As I said in my video, it's the "target date," it could be 2026 if there are delays. So I would start now. My understanding is that they will keep current students as "legacy students" and let you keep reporting under current PERT. When I get more information, I'll update you.
Thanks God for my CFA. Hope the institute doesn't a pull quick one like this.. we are doomed.
Hello, I'm new to the whole process, under the current program I have to take 5 courses from PREP, before I can enter into PEP.
I'm planning on being done by the end of 2024, how will the new program will look like for someone like me?
same here. Nobody could be able to answer this I guess. I really hope that they would set up a legacy program where people like us could take the CFE instead of take everything from scratch again
I hope they can find a conversion path soon. I do not think it is at all fair to drop the ball on students like this. You put in the effort to learn and should be able to take that academic and work experience to finish the CPA IMO. Your time is important too. You probably spent money on their program too. I would say this is quite serious especially if you get nothing out of the program on account of them. Remember the cpa only exists because firms and students who by extension are the main stakeholders pay dues imo. If you read your courses you know what that means.
as if Canada didn't have enough accountants already ffs
I start the CPA prep this year and the CPA PEP hopefully 2024. Was planning to write the CFE sometime 2025/26... do we know the requirements to take the legacy test or is that available for any student enrolled in the CPA PEP at that time?
Can't say for sure, it's still in the early stages. If you're already going to be in PEP in 2024, my guess is that you'll be under the legacy path and take the current CFE format.
This is something you could discuss with the CPA or your employer. I think that you should see if they are looking into converting legacy people to the new path which should not be that hard IMO.
I believe cpa would lose the credibility it has enjoyed so far if these changes are made. Nobody hiring new CPA because they are aware of diversity and inclusiveness and nothing how to do read a FS.
CPA would be joke!
sadly this rings very true. I can see adding it in, much like legacy CMA we had more operational and management courses but still had vigorous technical requirments and exams to pass.
Everyone waits till 2025 and gets their CPAs
Piece of cake
Is this a joke? Our world is a joke now, Why don't we just make 3 year old fly our airplanes?
Cpa means nothing now lol
From May 2024(as of now), Indian CA(/CPA) course is going to be drastically changed as per ICAI and now CPA Canada is also announcing a major changes from 2025. It's going to be difficult adopting these changes as they can be favourable or unfavourable for each individual student. These changes will definitely increase their reputation around the world.
Same with US CPA, it's changing too.
@@GevorgCPA Really? I didn't hear of that.
there is still the work experience portion
This will be a disaster.
I am sorry. It will just make CPA a cheaper designation. Just like how they turned CA to CPA. A presentation and Team work based exam? no one will respect that.
I was legacy CMA....never EVER did I want to be CA. Was against this from the start and it has gone so far downhill....
Wow
CPA Canada is about to ruin the CPA designation...
What nonsense is this... while there are glaring issues with the current process of certification - AT LEAST - there is some standardization through exams. This new model looks like handing participation medals to everyone. Watering down our profession like this means eventually you'll get your CPA for bringing your pencil.
Boo
And...CPA is now woke?
Is this a joke?