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Practical experience is an essential part of the CASB program.
Through a combination of competency-based education and practical experience with exposure to standards and ethics of the highest calibre, you will become a 'business-ready' CA prepared to meet the challenges of today's global, ever-evolving business environment.
You complete 3 years of paid practical experience and, at the same time, successfully complete the series of CASB online modules, developing a broad set of professional competencies and gaining a wealth of experience in a range of different companies, industries, and areas.
The Practical Experience requirements for CA students changed on September 1,2007 . These new requirements apply to all students employed at Expanded Experience Opportunity employers since September 1,2007 and for all CA Students who register with CASB on or after September 1, 2009 . The new Practical Experience Requirements are intended to apply to all CA students who begin their employment in the fall of 2009. Although CASB requires you to register before that date, these new requirements will still apply to you if you begin employment in the fall of 2009.
If you registered with CASB and began employment in a CA Training Office before September 1, 2009, please click here.
To become a Chartered Accountant, you must develop and demonstrate two kinds of competencies:
- Pervasive Qualities and Skills:
- Ethical Behaviour and Professionalism
- Personal Attributes
- Professional Skills
- Specific Competencies:
- Performance Measurement and Reporting
- Assurance
- Taxation
- Governance, Strategy and Risk Management
- Management Decision-Making
- Finance
Under the competency-based practical experience model, you will have exposure to many competencies throughout your work term and your focus will be attaining one Depth and two Breadths in the six Specific Competency areas (listed above).
Depth of experience:
• Depth of experience is required in only one of Assurance or Performance Measurement. Therefore, you must designate either Assurance or Performance Measurement as your depth area.
• At the end of your practical experience:
- you must have had the opportunity to gain direct working experience in ALL the specific competencies within your chosen depth area.
- you must be able to demonstrate the ability to work independently in the majority of the specific competencies within your chosen depth area
Breadth of experience:
• You must designate two of the remaining five Specific Competency areas as your breadth areas.
• At the end of your practical experience:
- you must have had the opportunity to gain direct working experience in at least half of the competencies in each of your two chosen Specific Competency areas;
- you must be able to demonstrate the ability to work independently in one half of those competencies in which you have direct experience.
Each student will record his/her competency development on a Record of CA Qualifying Experience (RQE). This will be provided to you by CASB and will be available on the CASB website.
Practical experience requirements for attaining the right to practice Public Accounting are recognized separately from practical experience requirements for CA Qualification. If you would like to pursue the right to practice Public Accounting, in addition to the requirements listed above, you must complete the following at a CA Firm (including, for this purpose, Offices of the federal and provincial Auditors General and the Auditor General of Bermuda ) specifically approved by a provincial Institute/Ordre for such purposes:
• Choose Assurance as your area of Depth
• Develop your CA Specific Competencies on specific type of assignment – i.e. Assurance Services, Audit Engagements and Taxation Services
• Meet the specific chargeable hour requirements of your Provincial Institute, which generally include:
Minimum total chargeable hours |
2,500 |
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Minimum assurance (audit and review) hours |
1,250 |
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Minimum audit hours (within 1250 assurance hours above) |
625 |
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Minimum taxation hours |
100 |
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You can attain these hours concurrently with your competencies within the 3-year work term.
* The Institute of Chartered Accountants of British Columbia allows for a reduction in the minimum audit hour requirement for certification purposes (please review the specific policies of this institute). Additional audit hours to meet the 625 hour requirement may be required subsequently if you would like to have the right to practice public accounting in another province.
More information
You may have some questions about the new practical experience requirements. Additional information, including the answers to the most frequently asked questions we’ve had to date, can be found here:
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