School of Business & Economics
MEDIA RELEASE: Laurier's School of Business and Economics receives CPA accreditation
WATERLOO – Wilfrid Laurier University’s School of Business and Economics has been accredited by the Chartered Professional Accountants of Ontario (CPA Ontario) under the new National CPA Accreditation Program. This achievement recognizes the excellent preparation provided by Laurier’s CPA-accredited programs for the CPA Common Final Evaluation (CFE), the national qualifying evaluation for CPA designation.
The accreditation includes Laurier’s proposed graduate diploma in accounting, which students will typically complete in the term after graduating with an Honours Bachelor of Business Administration (BBA) or Honours Bachelor of Arts in Economics and Accounting degree. Laurier’s BBA double-degree programs, including double-degree programs with the University of Waterloo, are also accredited by CPA Ontario and the National CPA Accreditation Program.
The CPA accreditation builds on Laurier’s longstanding relationship and accreditations with the Institute of Chartered Accountants of Ontario (CA designation) and the Society of Management Accountants of Ontario (CMA designation). Laurier’s success with both these legacy bodies, and its reputation as a leader in accounting education, helps to ensure success for students seeking the Chartered Professional Accountant (CPA) designation.
“Laurier accounting graduates have a long history of success on professional accounting examinations, including nine gold medals on the Chartered Accountants’ Uniform Final Evaluation since 1993,” says Bruce McConomy, director of the CPA/Laurier Centre for the Advancement of Accounting Research and Education who facilitated this accreditation for Laurier. “This accreditation will enable our graduates to continue to excel as accounting professionals, and as leaders in the accounting profession.”
The new CPA designation will unify the Canadian accounting profession and create a globally recognized professional accounting designation with a single set of high ethical and practice standards. The proposed national certification program requires a rigorous professional education experience for all future CPAs. Laurier’s School of Business and Economics worked closely with CPA Ontario to adapt its existing BBA, double-degree and BA Economics and Accounting programs to the new CPA requirements.
“CPA Ontario is proud of its longstanding partnership with Laurier’s School of Business and Economics, and CPA Accreditation ensures that its graduates will continue to be in high demand”, said Brian Leader, FCPA, FCA, vice-president of learning, CPA Ontario.