Institute Of Chartered Accountants Of Ontario

Institute Of Chartered Accountants Of Ontario

December 03, 2010 12:10 ET

Institute of Chartered Accountants of Ontario: Two Queen's Students Earn Honours in Canada-Wide CA Exam

Seven Local Students Pass One of the World's Most Challenging Professional Exams

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2010) - Two Queen's University Chartered Accounting students have achieved top marks on one of the world's most challenging professional entry examinations. According to the results of the Uniform Evaluation (UFE), a national accounting examination, Lloyd Canis and Clarisse Lau earned places on the prestigious National Honour Roll – the listing of the top 50 students in the country.

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

Mr. Kanis has a Bachelor of Commerce from Queen's University and is currently articling at KPMG LLP in Toronto. "I chose to pursue the CA designation because of its flexibility and the opportunity to experience working in different companies and industries," said Mr. Kanis. "I was happy and surprised to be on the Honour Roll because the UFE was such a tough exam. The UFE preparation process can drive people crazy, but in a good way because it challenges you."

Ms. Lau also has a Bachelor of Commerce from Queen's University and is currently articling at KPMG LLP in Toronto. On why she chose the profession, she said: ""I chose to become a Chartered Accountant because it provides excellent opportunities to enter diverse industries in your career. The education and experience needed to become a CA assists in developing technical knowledge and analytical abilities. The CA is a well-respected designation that will always be beneficial as my career goals evolve and change."

In total, Ontario had 1,172 of the country's 3,046 successful UFE writers and captured 18 of 50 National Honour roll spots. Vicky Au of Markham captured the Canada Gold Medal as the top writer of the Uniform Evaluation in the country.

The following seven other Kingston-area CA students successfully wrote the exam and, upon completion of their 30-month experience requirement, have earned the right to add the letters CA to their names:

Amherstview
  • Jennifer L. Haystead
Kingston
  • Erin A. Broad
  • Daniel C. Cuffari
  • Peggy S. Doody
  • Chad McLeod
  • Rebecca W. Prophet
  • Jonida Stavri

"Congratulations to all of the successful Toronto candidates," said Rod Barr, FCA, President and CEO, Institute of Chartered Accountants of Ontario. "Qualifying to become a CA is a very challenging process and the resulting career is rich in rewards and opportunities. I am confident that all of the students will make great contributions in their future careers and will uphold the high standards of the CA profession."

Photos of the Honour Roll students and interviews are available on request.

About the Institute of Chartered Accountants of Ontario:

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's 34,000 Chartered Accountants 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 the enforcement of its rules of professional conduct. Chartered Accountants are the professionals Canada's business leaders trust to help make the financial, strategic and leadership decisions that matter. The Institute's website is: www.icao.on.ca and the student website is www.guidetorulingtheworld.ca.

Contact Information

  • For more information or photos of the Honour Roll students,
    please contact:
    The Institute of Chartered Accountants of Ontario
    Perry Jensen
    416-969-4271 or 1-800-387-0735 ext. 271
    pjensen@icao.on.ca