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Foreign Accounting Credentials / Reciprocity
with International Institutes This document outlines the qualification process leading to the CA designation in New Brunswick for individuals currently residing in foreign jurisdictions. We are not in a position to evaluate foreign
qualifications. We recommend that foreign applicants write to
one of the larger provincial Institutes for this purpose. The
Institute of Chartered Accountants of Ontario or for french
inquiries, Ordre des
Comptables Agréés du Québec. Before You Immigrate to Canada Assessment Information Please see comments below to determine your status within the NBICA. You will be eligible to register in one of three general categories depending on which accounting body you are associated with, either through current or previous membership. Your category of registration determines what requirements you will need to fulfill to earn the CA designation in New Brunswick. Your category of registration depends on whether the accounting body in which you are a current or previous member has been assessed as "designated" or "non-designated" by the Canadian Chartered Accountants' International Qualifications Appraisal Board (IQAB). IQAB's findings are based on a review of the qualification program of the accounting body. 1. Members of "Designated" Accounting Bodies The Designated Accounting Bodies are: The Institutes of Chartered Accountants
of:
- Currently, the NBICA has no reciprocity arrangement with any state US CPA State Societies. You must have passed the final examination of your accounting body and completed at least two years (24 months) of acceptable public or other accounting experience. If you meet these requirements, you will be exempted from the education and examination requirements for the CA qualification program in New Brunswick. You will only be required to take and successfully complete the CA Reciprocity Examination (CARE). You must have a total of 30 months of public accounting experience assessed by the NBICA as being equivalent to experience acquired in CA offices in New Brunswick. The 24 months of experience noted above can count toward this total if it was public accounting experience. In total, the 30 months of required public accounting experience may be completed in the country of your accounting body or in another country. If you have 30 months of public accounting
experience that is acceptable to the NBICA, you will not be required
to complete public accounting experience in New Brunswick. If
you do not have 30 months of public accounting experience acceptable
to the NBICA, you will be required to work in an office in New
Brunswick for a specified amount of time in order to satisfy the
30 month requirement. The office must be approved by the NBICA
for training CA students. 2. Members of "Non-Designated" Accounting Bodies The Non-Designated Accounting Bodies are: The Institutes of Chartered Accountants
of:
IQAB has determined that programs offered by non-designated accounting bodies are not equivalent to the program offered by the NBICA. If you are associated with a non-designated accounting body, either through current or previous membership, you are required to complete:
Members of Non-Assessed Accounting Bodies Accounting bodies not listed under Members of Designated Accounting Bodies and Members of Non-Designated Accounting Bodies above, have not been assessed by the IQAB. If your accounting body is not mentioned in either of these, you come under the category of Members of Non-Assessed Accounting Bodies. If you belong to a non-assessed accounting body, you are not automatically eligible for exemptions from any education or examination requirement of the CA program. You may, however, ask for an individual assessment of your qualifications and those of your accounting body to determine if the Institute will grant you any education or examination exemptions in New Brunswick. If exemptions are not granted, you will be required to complete all the requirements of the ASCA program to qualify for membership in the Institute. Please visit their website at www.asca.ns.ca. All individuals associated with non-assessed accounting bodies would register as students, regardless of any exemptions granted. Not a Member of an Accounting Body If you are not a member of any accounting body but have a university degree in accounting, business or commerce, the Atlantic School of Chartered Accountancy (ASCA) will assess the courses you completed as part of your degree program to decide if you can get exemptions from some of the education requirements. Please visit their website at www.asca.ns.ca. Course and Examination Fees
CA Reciprocity Examination
(CARE) If you are a current or former member of a designated accounting body you will need to pass the CA Reciprocity Examination. The CARE is the means by which the provincial and territorial CA institutes measure the professional competence, in a Canadian context, of members of accounting bodies outside Canada assessed by the International Qualifications Appraisal Board as having education, examination and experience requirements substantially equivalent to the Canadian CA qualification program. The CARE examines candidates on their knowledge of Canadian accounting and assurance standards, the rules of professional conduct, Canadian taxation and Canadian business law. Please contact Dominique Lecocq, (ext.246) at the Ontario Institute of Chartered Accountants, for additional details on the CARE. The CARE consists of two, three-hour papers on consecutive days. The examination will consist of a mix of multiple choice, single subject questions, problems and short "situation" cases. The examination will be comprised of 200 total marks and will cover the following areas: Day 1 Day 2 There are no NBICA courses of study to assist an individual in preparing to write the CARE. A study source list and prior exams/suggested solution material are available to help guide study plans. For further information regarding the CARE exam, please contact, Jacqui Mulligan, Associate Director of education education programs at the Ontario Institute of Chartered Accountants. |
