SOURCE: The Chartered Professional Accountants of Ontario

The Chartered Professional Accountants of Ontario

February 24, 2016 10:30 ET

CPA Profession Celebrates Ottawa Honour Roll Graduates

Duo Joins CPA Grads in Toronto Feb. 27

TORONTO, ON--(Marketwired - February 24, 2016) - Ottawa-area Chartered Professional Accounting students Dominic Franchi and Emily Hsiung were among just 20 Ontario students to make the prestigious Honour Roll for top marks on the 2015 Canada-wide Common Final Examination (CFE), one of the world's most challenging professional entry examinations. This is the first time Ontario's accounting profession has a graduating class who became CPAs by virtue of a single examination, marking a milestone in the history of accounting.

On February 27, the Chartered Professional Accountants of Ontario (CPA Ontario) will hold its annual convocation ceremony in Toronto to celebrate the success of CPA students who successfully wrote the Common Final Examination (CFE).

Dominic has Honours Bachelor of Accounting from the University of Ottawa and is currently working at Deloitte LLP in Ottawa. "I chose to become a CPA as it is a prestigious and recognized designation providing proof of competence in multiple areas of business," said Dominic. "It also allows me to pursue a career in a public accounting firm and to specialize in taxation, which is my field of interest."

Another employee of Deloitte LLP in Ottawa, Emily also has an Honours Bachelor of Commerce from the University of Ottawa. She cites her sister, who became a CPA before her, as an inspiration: "Watching her succeed in her career showed me how applicable the designation could be in a variety of fields and professions, as well as how much one can learn beyond accounting as a CPA."

The CFE, written in September, is a national three-day evaluation that assesses competencies including essential knowledge, professional judgment, ethics and the ability to communicate. It is an important component of the new CPA qualification program, which includes prescribed education, practical experience and examination requirements. Only those who complete this entire CPA program successfully are entitled to use the internationally recognized designation of Chartered Professional Accountant, thus entering a profession known for financial expertise, strategic thinking, business insight and leadership.

A total of 20 Ontario students placed on the prestigious 52-member National Honour Roll and Ontario had 782 of the country's 2,219 successful CFE writers. CPA Ontario also celebrated more than 3,550 successful students, who were either admitted into membership or on the cusp of achieving it, during four convocation ceremonies that took place during November 2015.

Toronto's Erin Compeau will be honoured for achieving the highest marks of any student in Canada during the inaugural writing of the CFE, which makes her the first Governor General Gold Medallist in this new era. Erin has a Bachelor of Business Administration with Distinction from York University's Schulich School of Business and works at Deloitte LLP in Toronto.

On why she chose a career in the accounting profession, Erin Compeau said: "I appreciate the respect that the designation affords and that there is an element of altruism in being a CPA, in that it provides a valuable public service. This is definitely a transitional year for the accounting profession and being the first year of students to write the new CFE exam definitely brought with it a pressure to uphold the high standards set by past writers of the former Uniform Evaluation (UFE)."

"Congratulations to all the successful Ontario candidates," said Carol Wilding, FCPA, FCA, President and CEO of the Chartered Professional Accountants of Ontario. "Qualifying to become a CPA is a very challenging process and the resulting career is rich in rewards and opportunities. I am confident that all the students will make great contributions to the accounting profession and will uphold the high standards of the CPA designation."

Interviews with Honour Roll students are available on request.

About the Chartered Professional Accountants of Ontario
CPA Ontario protects the public interest by ensuring its members meet the highest standards of integrity and expertise. CPA Ontario serves and supports its more than 85,000 members and 23,000 students in their qualification and professional development in a wide range of senior positions in public accounting, business, finance, government, not-for-profits and academe. Chartered Professional Accountants are valued by organizations of all types and sizes for their financial expertise, strategic thinking, business insight, management skills and leadership. For information on the profession, visit cpaontario.ca. To become a CPA in Ontario, visit gocpaontario.ca.

Contact Information

  • For more information, please contact:
    Perry Jensen
    Chartered Professional Accountants of Ontario
    416-969-4271 or 1-800-387-0735, ext. 4271
    pjensen@cpaontario.ca