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Institute of Chartered Accountants of Ontario requirements

Institute of Chartered Accountants of Ontario requirements

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Old May 16th 2008, 11:03 am
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Default Institute of Chartered Accountants of Ontario requirements

Has the Institute of Chartered Accountants of Ontario changed it's requirements for US CPAs ?

This is what their website stated 4 days ago;

Q 34: I am a Certified Public Accountant (CPA) in the United States. What is required in order to be licensed in Ontario?

A: To apply for membership in the Institute on the basis of being a CPA in good standing with a state board of accountancy in the United States with which the Institute has reciprocity (CA-CPA Reciprocity), you must have, while a resident of a country other than Canada, written all parts of The Uniform CPA Examination and completed at least two years (24 months) of acceptable public or other accounting experience within the United States of America or, if completed in whole or in part outside of the United States of America, that has been accepted for credit by the particular state board of accountancy. If you meet these requirements, you will be exempted from the education and examination requirements of the CA qualification program in Ontario. You will be required to successfully complete the CA Reciprocity Examination (CARE) and, if necessary, complete a period of prescribed public accounting experience in an approved training office in Ontario. For non-recognized boards of accountancy (boards that have not granted reciprocity to Institute members), please review the applicable other requirements for admission to membership in the Institute, at Occupational Career Path . [close]

This is what is stated now;
http://www.icao.on.ca/CA/PublicAccou...1page4820.aspx

Q 34: I am a Certified Public Accountant (CPA) in the United States. What is required in order to be licensed in Ontario?

A: To apply for membership in the Institute on the basis of being a CPA in good standing with a state board of accountancy in the United States with which the Institute has reciprocity (CA-CPA Reciprocity). You must hold a CPA certificate in good standing (or a CPA certificate and a licence) issued by a state board of accountancy which has adopted the 150 hour education requirement prescribed by the National Association of State Boards of Accountancy and the American Institute of Certified Public Accountants. If you meet these requirements, you will be exempted from the education and examination requirements of the CA qualification program in Ontario. You will be required to successfully complete the CA Reciprocity Examination (CARE) and, if necessary, complete a period of prescribed public accounting experience in an approved training office in Ontario. For non-recognized boards of accountancy (boards that have not granted reciprocity to Institute members), please review the applicable other requirements for admission to membership in the Institute, at Occupational Career Path . [close]
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Old May 19th 2008, 1:59 am
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Default Re: Institute of Chartered Accountants of Ontario requirements

Maybe ask them if they have really changed their policy?
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