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Licensed Public Accountant
Become a Licensed Public Accountant
Students in the CGA program have a clear path to becoming licensed public accountants. As a licensed public accountant (LPA), you’re qualified to perform assurance engagements and issue audit reports.
To qualify for a public accounting licence, a student in the CGA program must:
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Hold a four-year university degree with specified courses in auditing and accounting.
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Complete the Technical Proficiency Exam (TPE), Professional Applications 1 (PA1) and Applications in Public Practice 1 (AP1) courses and exams.
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Complete a minimum of 2,500 hours and 30 months of full-time, professional experience in public accounting, in an approved training office. The experience must include:
a) A minimum of 1,250 assurance hours with:
- a minimum of 625 hours in financial statement audit procedures
- a minimum of 100 hours in review procedures
b) A minimum of 100 hours in taxation services
c) 1,150 hours in other related services
The required experience must be verified by a licensee from the approved training firm where the experience was obtained.
Program Entrance Requirements:
A recognized four year bachelor degree which has been conferred with an average of 70 per cent on "51 Credit Hours" or a minimum of 65 per cent on each required course. Overall GPA is calculated numerically and not rounded up.
Click here for a list of accredited programs in the licensed public accounting path.
Conversion Table
|
Letter Grade |
Numerical Grade Assigned |
Numerical Grade Range |
|---|---|---|
|
A+ |
95 |
90<=99 |
|
A |
89 |
>=85 |
|
A- |
83 |
>=80 |
|
B+ |
78 |
>=77 |
|
B |
75 |
>=73 |
|
B- |
72 |
>=70 |
|
C+ |
68 |
>=67 |
|
C |
65 |
>=63 |
|
C- |
62 |
>=60 |
|
D+ |
58 |
>=57 |
|
D |
55 |
>=53 |
|
D- |
52 |
>=50 |
The "51 Credit Hours" is Public Accounting Council requirement necessary as an Entrance Requirement to the Licensing Program Stream. Below is a list of courses that are recognized by CGA Ontario as degree-credit courses with commerce and business administration. Students may have completed all the courses of the 51 Credit Hours at one institution or completed some course outside of their program.
Licensed Public Accounting Application for Enrolment
Want to know all there is about becoming a CGA and LPA?
Click here for a step-by-step guide.
Have more questions about becoming an LPA?
Click here to read FAQs.
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