Institute Of Chartered Accountants Of Ontario

Institute Of Chartered Accountants Of Ontario

June 15, 2009 11:00 ET

Students Win COIN in Ontario CA Challenge

Top students received awards at Toronto luncheon June 15

TORONTO, ONTARIO--(Marketwire - June 15, 2009) - 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 21 to give high school students considering a career as a Chartered Accountant the opportunity to compete, have fun and earn cash prizes. The awards were presented to the Top 20 students and their respective teachers at a luncheon at the Institute in Toronto on June 15.

"COIN is a popular Institute initiative to encourage students to consider becoming a Chartered Accountant," said Mona Ghiami, Director of Career Information at the Institute. "This year more than 430 students from 156 high schools across the province 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 second place winner receiving $1,000 and the two students who tied for third place getting $500, and the rest of the Top 20 Honour Roll members each 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 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 - Ms. Alison Frankish, Earl Of March Secondary School, Kanata

- 2nd place All Ontario - Ms. Xue Qi Liao, Albert Campbell Collegiate Institute, Scarborough

- 3rd place All Ontario (tie) - Ms. Janice H. Lai, A.Y. Jackson Secondary School, North York

- 3rd place All Ontario (tie) - Mr. Andrew Dhawan, The Woodlands School, Mississauga

Regional District winners (listed by name, school and student's hometown):

- 1st place Central Ontario District Association - Hera Misbah, J. Clarke Richardson Collegiate, Ajax

- 1st place Eastern Ontario District Association - Megan Thompson, Frontenac Secondary School, Kingston

- 1st place Essex-Kent District Association - Michael Sauro, Assumption College School, Windsor

- 1st place Etobicoke District Association - Ye (Lily) Liu, Etobicoke Collegiate Institute

- 1st place Georgian Bay District Association - Jennifer Thornton, Orangeville District Secondary School

- 1st place Halton-Peel District Association - Mr. Andrew Dhawan, The Woodlands School, Mississauga

- 1st place Hamilton District Association - Richard Bartens, St. Thomas More High School, Hamilton

- 1st place Niagara District Association - Brian Mueller, E. L. Crossley Secondary School, Fenwick

- 1st place Northwestern Ontario District Association - Brittany Beyak, Atikokan High School, Atikokan

- 1st place North York District Association - Ms. Janice H. Lai, A.Y. Jackson Secondary School

- 1st place Ottawa District Association - Ms. Alison Frankish, Earl Of March Secondary School, Kanata

- 1st place Quinte District Association - Sierra Patfield, Campbellford District High School, Campbellford

- 1st place Renfrew District Association - Keith MacDougall, Renfrew Collegiate Institute

- 1st place Scarborough District Association - Ms. Xue Qi Liao, Albert Campbell Collegiate Institute

- 1st place Toronto District Association - Si Mai Wang, Harbord Collegiate Institute

- 1st place Waterloo-Wellington District Association - Yang Ding, Centennial Collegiate, Guelph

- 1st place Western Ontario District Association - Charles Urquhart, Westminster Secondary School, London

- 1st place York District Association (tie) - Christian Coppola, St. Jean de Brebeuf Catholic High School, Maple, and Jessica Kwok, Langstaff Secondary School, Richmond Hill

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 2009 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 33,000 CAs and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's internationally recognized standards of qualification and conduct. A wide range of organizations and individuals count on Ontario CAs to provide trustworthy and strategic insight, business leadership and financial guidance. The Institute's website is: www.icao.on.ca and the student website is www.guidetorulingtheworld.ca.

Contact Information

  • The Institute of Chartered Accountants of Ontario
    Perry Jensen
    416-969-4271 or 1-800-387-0735 ext. 271
    pjensen@icao.on.ca