Institute Of Chartered Accountants Of Ontario

Institute Of Chartered Accountants Of Ontario

June 11, 2007 09:00 ET

The Institute of Chartered Accountants of Ontario: Students win COIN in Ontario CA challenge

Top students received awards at Toronto luncheon June 11

TORONTO, ONTARIO--(Marketwire - June 11, 2007) - Students considering a bright looking future in the Chartered Accounting profession scored some impressive prizes in this year's edition of COIN: The CA Challenge. The Institute of Chartered Accountants of Ontario held its annual competition on May 8 to give high school students considering a career as a Chartered Accountant the opportunity to compete, have fun and earn some cash prizes. The awards were presented to the Top 20 students and their teachers at a luncheon at the Institute in Toronto June 11.

"COIN is a popular Institute initiative to encourage students to consider becoming a Chartered Accountant," said Jon French, Associate Director, Career Information at the Institute. "This year almost 500 students from 153 high schools in 19 districts participated in this highly competitive contest."

Today, the Institute announced the contest winners from across Ontario. The first place prize provincially is $1,500, with the two people who tied for second place getting $1,000 each and the rest of the Top 20 Honour Roll members receiving $100 and an invitation to the awards luncheon. There are also separate $100 prizes and certificates of achievement for the top students from each of the 19 participating CA District Associations across the province. In cases where students finished on top in their region and in the top 20 province-wide, they received $200. In the case of ties, both students receive the full prize money.



The Ontario-wide winners are:
- 1st Place All Ontario: Chang Xu, Bell High School, Nepean
- 2nd place All Ontario (tie): Kelsey Letang, John McCrae Secondary
School, Nepean
Venus Lo, Unionville High School, Markham

Regional District winners (listed by name, school and school location):
- 1st place Central Ontario District Association - Marc Soares, J. Clarke
Richardson Collegiate, Ajax
- 1st place Eastern Ontario District Association - Ran Mo, Kingston
Collegiate and Vocational Institute, Kingston
- 1st place Essex-Kent District Association - Kimberly St. Denis, St.
Thomas of Villanova Secondary School, LaSalle
- 1st place Etobicoke District Association - Amanda Laszutko, Michael
Power-St. Joseph's High School, Etobicoke
- 1st place Georgian Bay District Association - Cody Rice, Sacred Heart
High School, Walkerton
- 1st place Halton-Peel District Association - Nathan Schoo, Iroquois Ridge
High School, Oakville
- 1st place Hamilton District Association - Connor Kingston, Nelson High
School, Burlington
- 1st place Lambton District Association - Peter Swanstrom, Northern
Collegiate Institute and Vocational School, Sarnia
- 1st place Niagara District Association - Kailai Chen, Ridley College, St.
Catharines
- 1st place North Bay District Association - Matt Caruso and Jon Brown,
Chippewa Secondary School, North Bay
- 1st place North York District Association - Sheila Wong, A.Y. Jackson
Secondary School, North York
- 1st place Ottawa District Association - Chang Xu, Bell High School,
Nepean
- 1st place Quinte District Association - Simon Couvrette, E.S. Marc
Garneau, Trenton
- 1st place Renfrew District Association - Amanda Trader, Madawaska Valley
District High School, Barry's Bay
- 1st place Scarborough District Association - Lily Wong, Agincourt
Collegiate Institute, Scarborough
- 1st place Toronto District Association - Amy (Yixiao) Wang, Northern
Secondary School, Toronto
- 1st place Waterloo-Wellington District Association - Yi Kang, Centennial
Collegiate, Guelph
- 1st place Western Ontario District Association - Alex Ngo, Sir Wilfrid
Laurier Secondary School, London
- 1st place York District Association - Venus Lo, Unionville High School,
Markham


To win, the students competed by answering 75-questions at the premises of a firm employing CAs. Think it's easy? Would you know:



- How to assess inventory market value according to Generally Accepted
Accounting Principles (GAAP)?
- The principles of revenue recognition?
- How to assess depreciation?


The 2007 winners knew all that and more.

All of the participants receive a certificate of participation and a chance to find out more about the exciting opportunities offered by a career as a Chartered Accountant.

About the Institute of Chartered Accountants of Ontario:

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's more than 32,000 CAs and 4,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's high standards of qualification and the enforcement of its rules of professional conduct. Recognized internationally, the CA designation denotes financial expertise, strategic thinking, business insight and leadership. The Institute website is: www.icao.on.ca and the student website is www.ca2b.biz.

Contact Information

  • The Institute of Chartered Accountants of Ontario
    Perry Jensen
    (416) 969-4271 or Toll Free: 1-800-387-0735 ext. 271
    Email: pjensen@icao.on.ca
    Website: www.icao.on.ca