Practical Experience Requirements - Upcoming Changes
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Practical Experience Requirements — Upcoming Changes This document outlines the details of the upcoming changes to Appendix A and Appendix B of the CPA Practical Experience Requirements, which will come into efect April 1, 2021. These changes are intended to enhance the clarity of the competencies as they relate to the CPA Competency Map. The changes are as follows: • Updated various competency descriptions to include Data Analytics and Information Systems (DAIS) and Taxation competencies to align with the CPA Competency Map • The term “review” was replaced with “evaluate” • Where multiple terms were used in the same statement (e.g. analyze/identify), they were either replaced by a single term or connected using “and” or “or” • Enabling questions were rewritten to better align with The CPA Way framework to help guide future CPAs in meeting all the criteria in the assessment rubric What does this mean for me? • If you have created an experience report prior to April 1, 2021, the previous technical and enabling competency questions and rubrics will not change • Any experience report created after April 1, 2021 will have the updated competency questions and rubrics CPA PRACTICAL EXPERIENCE REQUIREMENTS | CPA STUDENTS/CANDIDATES
Frequently Asked Questions When I submit my experience report for review that was created prior to April 1, 2021, will it be reviewed diferently in any way? No. Your reviewer will review your responses against the questions that are in the experience report. Do I need to get all my experience reports verifed/reviewed by April 1, 2021 in order to lock in the older competencies for that? If you created your experience report prior to April 1, 2021, the competencies and rubrics will not change in that experience report. You do not need to submit them by April 1, 2021; however, please ensure you complete that experience report by your Next Experience Report Date and then create a new experience report so that you can begin working with the updated competencies. If I just continue to update an experience report that I created prior to April 1, 2021, does this mean I can address the older questions right up until I am PER Standard Met? You will be able to address the older questions on that experience report; however, you should complete that experience report and set it to verifed status by your Next Experience Report Date, and create a new experience report after that so that you can begin addressing the updated competencies. What happens to my experience reports that were reviewed prior to April 1, 2021? Will anything change when I have my fnal review at completion? At completion, the CPA Reviewer reserves the right to review all Experience Reports, including Reviewed Experience Reports in order to reassess the recognized profciency levels from the perspective of a Completion Review. As a result, a previously awarded Level 2 may need some updating. In this case, you are asked to update your response in the most recent experience report (which will likely be to the newer questions). What if I have already achieved a Level 2 in one of the competencies that is changing. Do I need to address the updated questions on the report I create after March 31, 2021 to keep my Level 2? No. If you have addressed the competency to a Level 2 standard in a previously reported experience report, you will not need to answer the new questions after April 1, 2021. As mentioned previously, the reviewer will review your experience holistically at completion. As a result, a previously awarded Level 2 may need some updating. In this case, you are asked to update your response in the most recent experience report (which will likely be to the newer questions).
APPENDIX A — Technical Competency Sub-Area
DAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Financial Reporting
Financial Explain the fnancial Analyze/identify Explain the fnancial Identify and analyze
Reporting Needs reporting informa- fnancial reporting reporting informa- fnancial reporting
and Systems tion required by information required tion required by information required
various stakeholders, by various stake- various stakeholders, by various stake-
including regulatory holders, including including regulatory holders, including
requirements (can regulatory require- requirements (can regulatory require-
include specialized ments (can include include specialized ments (can include
fnancial reporting specialized fnancial fnancial reporting specialized fnancial
requirements); plus reporting require- requirements); plus reporting require-
ments); plus ments); plus
(a) Analyze/identify (a) Analyze the
√ √
the appropriateness (a) Evaluate/review appropriateness of (a) Evaluate the
of the basis of fnan- the appropriateness the basis of fnancial appropriateness of
cial reporting; or of the basis of fnan- reporting; or the basis of fnancial
cial reporting; or reporting; or
(b) Analyze the (b) Analyze report-
accuracy and reli- (b) Evaluate/ ing systems, data (b) Evaluate report-
ability of fnancial review reporting requirements or ing systems, data
information processes to sup- business processes requirements and
port reliable fnan- to support reliable business processes
cial reporting fnancial reporting to support reliable
fnancial reporting
Accounting Policies Analyze/research Evaluate/review Research the appro- Evaluate appropri-
and Transactions the appropriate appropriate priate accounting ate accounting
accounting policies accounting policies policies and proce- policies and proce-
and procedures (or and procedures; or dures (or explains dures; or
explains the basis the basis in which
Evaluate/review Evaluate treatment
in which they were they were selected
treatment for rou- for routine and
selected and ap- and applied to an √
tine and non-rou- non-routine trans-
plied to an organi- organization); or
tine transactions; or actions; or
zation); or
Research and
Analyze/research Research and
Analyze/research analyze treat-
treatment for analyze treatment
treatment for rou- ment for routine
complex events/ for complex events/
tine transactions. transactions.
transactions. transactions.
Financial Report Explain fnancial Analyze/prepare Explain fnan- Analyze or pre-
Preparation statements, includ- fnancial state- cial statements, pare fnancial
ing note disclosures ments, including including note statements, √
note disclosures. disclosures. including note
disclosures.
Financial Statement Explain the Analyze/prepare Explain the Analyze or prepare
Analyses management management com- management management com-
communication munication (e.g., communication munication (e.g.,
(e.g., MD&A), or MD&A), or (e.g., MD&A), or MD&A), or
Explain fnancial Analyze/prepare Explain fnancial Analyze or prepare
reporting results for fnancial reporting reporting results for fnancial reporting
stakeholders (exter- results for stake- stakeholders (exter- results for stake-
nal or internal), or holders (internal or nal or internal), or holders (internal or
√
external), or external), or
Explain the impact Explain the impact
of strategic and Analyze/prepare/ of strategic and op- Analyze or estimate
operational deci- predict the impact erational decision the impact of strate-
sion on fnancial of strategic, and on fnancial results gic, and operational
results (external or operational decision (external decision on fnancial
internal). on fnancial results or internal). results (external or
(external or internal). internal).DAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Management Accounting
Management Explain manage- Analyze manage- Explain manage- Analyze manage-
Reporting Needs ment information ment information ment information ment information
and Systems requirements, plus requirements, plus requirements, plus requirements, plus
Analyze the types Evaluate/review Analyze business Evaluate business
of information the types of infor- processes, systems processes, systems
systems used and mation systems and data require- and data require-
the role they play in used and the role ments and analyze ments and evalu-
an organization or they play in an or- potential improve- ate or recommend
analyze potential ganization or evalu- ments to meet improvements to
improvements to ate/recommend information needs, meet information
√ √
existing reporting improvements to plus needs, plus
systems to meet existing reporting
Explain ethical and Analyze ethical
information needs, systems to meet
privacy issues re- and privacy issues
plus information needs,
lated to information related to informa-
plus
Explain ethical and technology and its tion technology
privacy issues re- Analyze/research use. and its use.
lated to information ethical and pri-
technology. vacy issues re-
lated to information
technology.
Planning, Analyze/prepare Evaluate/review Analyze or prepare Evaluate data
Budgeting and information inputs information inputs data and informa- and information
Forecasting for operational (including assump- tion inputs for inputs (including
plans, budgets and tions) for opera- operational plans, assumptions) for
forecasts, plus tional plans, bud- budgets and fore- operational plans,
gets and forecasts, casts, plus budgets and fore-
Explain/calculate
plus casts, plus
operational plans, Prepare operational √ √
budgets, and fore- Analyze/prepare plans, budgets, and Analyze operation-
casts, plus operational plans, forecasts, plus al plans, budgets,
budgets, and fore- and forecasts, plus
Explain/calculate Explain and calcu-
casts, plus
variances late variances Analyze implica-
Analyze implica- tions of variances
tions of variancesDAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Cost/ Revenue/ Cost management: Cost management: Cost manage- Cost management:
Proftability Explain/apply the Explain/apply ment: Explain the
Apply appropriate
Management appropriate cost appropriate cost appropriate cost
cost classifca-
classifcations and classifcations and classifcations and
tions and costing
costing methods costing methods costing methods
methods for man-
for management for management for management
agement of ongo-
of ongoing opera- of ongoing opera- of ongoing op-
ing operations,
tions, explain/apply tions, and explain/ erations, explain
and apply cost
cost management apply cost manage- cost management
management tech-
techniques ap- ment techniques techniques ap-
niques appropriate
propriate for spe- appropriate for propriate for spe-
for specifc deci-
cifc decisions, and specifc decisions, cifc decisions, and
sions, and evaluate
analyze potential and evaluate/rec- analyze potential
and recommend
changes identifed ommend either: (a) changes identifed
either: (a) change
by applying process change identifed by applying process
identifed by ap-
improvement meth- by applying pro- improvement meth-
plying process
odologies; or cess improvement odologies; or
improvement
methodologies or
Revenue manage- Revenue manage- methodologies or √
(b) cost manage-
ment: analyze/pre- ment: analyze or (b) cost manage-
ment improvements
pare information prepare informa- ment improve-
across the entity; or
to understand the tion to understand ments across the
sources/drivers of Revenue manage- the sources/drivers entity; or
revenue growth; or ment: evaluate/ of revenue growth;
Revenue manage-
review sources and or
Proftability man- ment: evaluate
drivers of revenue
agement: explain/ Proftability man- sources and driv-
growth; or
calculate the sensi- agement: explain ers of revenue
tivity analysis, and Proftability man- and calculate the growth; or
analyze alternatives agement: analyze/ sensitivity analy-
Proftability man-
for sustainable prof- prepare sensitivity sis, and analyze
agement: analyze
it maximization/ca- analysis, evaluate/ alternatives for
sensitivity analysis,
pacity management review sustainable sustainable proft
evaluate sustain-
performance. proft maximiza- maximization/ca-
able proft maximi-
tion and capac- pacity management
zation and capac-
ity management performance.
ity management
performance.
performance.
Organizational/ Analyze possible Evaluate/review Analyze possible Evaluate root
Individual root causes of per- root causes of root causes of causes of per-
Performance formance issues, performance issues performance issues, formance issues
Measurement through one of: through one of: through one of: through one of:
Explain the implica- Analyze/research Explain the Analyze the impli-
tions of manage- the implications of implications of cations of manage-
ment incentive management incen- management ment incentive
schemes and em- tive schemes and incentive schemes schemes and em-
ployee compensa- employee compen- and employee ployee compensa-
tion methods, or sation methods, or compensation tion methods, or √
methods, or
Analyze perfor- Evaluate/review Evaluate perfor-
mance using ac- performance using Analyze performance mance using ac-
cepted frameworks accepted frame- using accepted cepted frameworks
or KPIs; or works or KPIs, or frameworks or KPIs; or KPIs, or
or
Analyze perfor- Evaluate/review Evaluate perfor-
mance of responsi- performance of re- Analyze performance mance of responsi-
bility centers. sponsibility centers. of responsibility bility centers
centers.DAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Audit & Assurance
Internal Control Analyze/prepare Evaluate/review Analyze or prepare Evaluate the en-
the entity’s risk the entity’s risk the entity’s risk tity’s risk assess-
assessment pro- assessment pro- assessment pro- ment processes; or
cesses; or cesses; or cesses; or
Evaluate the infor-
Analyze the in- Evaluate/review Analyze the infor- mation system and √ √
formation system, the information mation system and processes, using
including related system, including processes, using knowledge of data
processes. related processes. knowledge of data requirements and
requirements and risk exposures
risk exposures
Internal audit or Explain an entity’s Analyze an entity’s Explain an entity’s Analyze an entity’s
external assurance assurance needs or assurance needs or assurance needs assurance needs
requirements, basis explain the implica- explain the implica- plus plus
and risk assessment tions of pending tions of pending
Basis: Explain Basis: Analyze
changes in assur- changes in assur-
which set of cri- which set of cri-
ance standards, ance standards,
teria to apply to teria to apply to
plus plus
the subject matter the subject mat-
Basis: Explain Basis: Analyze being evaluated, or ter being evalu-
which set of cri- which set of cri- explain which stan- ated, or analyze
teria to apply to teria to apply to dards/guidelines to which standards/
the subject matter the subject matter apply based on the guidelines to apply
being evaluated, or being evaluated, or nature and expec- based on the na-
explain which stan- analyze which stan- tations of the assur- ture and expecta-
dards/guidelines to dards/guidelines to ance engagement/ tions of the assur-
apply based on the apply based on the project, plus ance engagement/
nature and expec- nature and expec- project, plus
Risk assessment:
tations of the assur- tations of the assur-
Explain issues Risk assessment:
ance engagement/ ance engagement/
related to the un- Evaluate issues
project, plus project, plus
dertaking of the related to the
Risk assessment: Risk assessment: engagement or undertaking of the √ √
Explain issues relat- Evaluate issues project, explain engagement or
ed to the undertak- related to the un- and calculate project, or evalu-
ing of the engage- dertaking of the materiality for the ate materiality for
ment or project, engagement or assurance engage- the assurance en-
explain/calculate project, or evaluate ment/project, or gagement/project,
materiality for the materiality for the explain the risks or evaluate the
assurance engage- assurance engage- of the project (for risks of the project
ment/project, or ment/project, or audit engagements, (for audit engage-
explain the risks evaluate the risks explain the risks of ments, evaluate
of the project (for of the project (for material misstate- the risks of mate-
audit engagements, audit engagements, ment at the fnan- rial misstatement
explain the risks of evaluate the risks of cial statement level at the fnancial
material misstate- material misstate- and at the assertion statement level
ment at the fnan- ment at the fnan- level for classes of and at the asser-
cial statement level cial statement level transactions, ac- tion level for class-
and at the assertion and at the assertion count balances, and es of transactions,
level for classes of level for classes of disclosures). account balances,
transactions, ac- transactions, ac- and disclosures).
count balances, and count balances, and
disclosures). disclosures).DAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Internal audit Work plan: Ana- Work plan: Evalu- Work plan: Analyze Work plan: Evalu-
projects or lyze/perform the ate/develop/review or perform the ate or develop
external assurance work plan on less appropriate proce- work plan on less appropriate proce-
engagements complex/riskier dures based on the complex/riskier dures, considering
areas, evaluate identifed risk of areas, evaluate the the use of data
the evidence and material misstate- evidence and re- analytics, based on
results of analysis, ment, analyze/per- sults of analysis, the identifed risk
documents the form the work plan, documents the of material mis-
work performed evaluate the evi- work performed statement, analyze
and its results, plus dence and results and its results, plus or perform the
of analysis, docu- work plan, evalu-
Draw conclusion, Draw conclusion,
ments the work ate the evidence
communicate re- communicate re- √ √
performed and its and results of
sults, and contrib- sults, and contrib-
results, plus analysis, docu-
ute to a report for ute to a report for
ments the work
stakeholders. Draw conclusions, stakeholders, using
performed and its
communicate re- data visualization
results, plus
sults, and contrib- where appropriate.
ute to a report for Draw conclusions,
stakeholders. communicate re-
sults, and contrib-
ute to a report for
stakeholders, using
data visualization
where appropriate.
Finance
Financial Analyze the entity’s Evaluate/review Analyze the entity’s Evaluate the
analysis and fnancial state, or the entity’s fnancial fnancial state, or entity’s fnancial
planning state, or state, including
Analyze/prepare Analyze or prepare
an assessment of
fnancial proposals Evaluate/review fnancial proposals
reporting systems,
and fnancing plans fnancial proposals and fnancing plans
data quality and
and fnancing plans
the analytical mod-
els used to support
fnancial analysis
and decision-mak-
ing ; or
√ √
Evaluate fnancial
proposals and
fnancing plans in-
cluding an assess-
ment of reporting
systems, data qual-
ity and the analyti-
cal models used to
support fnancial
analysis and
decision-makingDAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Treasury Explain/calculate Analyze the entity’s Explain and calculate Analyze the en-
management the entity’s cash cash fow and work- the entity’s cash fow tity’s cash fow and
fow and working ing capital, plus and working capital, working capital,
capital, plus plus plus
Evaluate/review
Analyze/research the entity’s invest- Analyze or research Evaluate the en-
the entity’s invest- ment portfolio, or the entity’s invest- tity’s investment
ment portfolio (less ment portfolio (less portfolio, or
Evaluate/review
complex), or complex), or
sources of fnanc- Evaluate sources
Analyze/research ing and decisions Analyze or research of fnancing and
sources of fnanc- afecting capital sources of fnanc- decisions afecting
√
ing and decisions structure, or ing and decisions capital structure,
afecting capital afecting capital or
Evaluate/review
structure, or structure, or
the entity’s cost of Evaluate the en-
Analyze/research capital, or Analyze or research tity’s cost of capi-
the entity’s cost of the entity’s cost of tal, or
Evaluate/review
capital, or capital, or
decisions related Evaluate decisions
Analyze/research to distribution of Analyze or research related to distribu-
decisions related profts decisions related tion of profts
to distribution of to distribution of
profts profts
Capital Analyze/prepare Analyze/prepare Analyze or prepare Analyze or prepare
budgeting/ information to aid fnancial models or information to aid fnancial models or
Valuation/ in the capital bud- business plans as in the capital bud- business plans as
Corporate geting processes part of or in addi- geting processes part of or in addi-
fnance and related deci- tion to: and related deci- tion to:
sions, or sions, or
Evaluate/review Evaluate capital
Analyze/estimate capital budgeting Analyze or esti- budgeting pro-
the value of a tan- processes and deci- mate the value of a cesses and deci-
gible asset, or sions, or tangible asset, or sions, or
Explain/calculate Evaluate/review Explain and cal- Evaluate the value
value of a busi- the value of a tan- culate value of a of a tangible as-
ness, or gible asset or ana- business, or set or analyze or
lyze/estimate the estimate the value
Explain fnancial Explain fnancial
value of an intan- of an intangible
risk management risk management
gible asset, or asset, or
policies, or policies, or
Analyze/estimate Analyze or esti-
Explain the use Explain the use
the value of a busi- mate the value of a
of derivatives as a of derivatives as a √
ness, or business, or
form of fnancial form of fnancial
risk management, Evaluate/review risk management, Evaluate fnancial
or fnancial risk man- or risk management
agement policies, policies, or
Analyze the pur- Analyze the pur-
or
chase, expansion chase, expansion Analyze the use
or sale of a busi- Analyze the use or sale of a busi- of derivatives as a
ness, or of derivatives as a ness, or form of fnancial
form of fnancial risk management,
Analyze possible Analyze possible
risk management, or
solutions to aid a solutions to aid a
or
fnancially troubled fnancially troubled Evaluate the pur-
entity. Evaluate/review entity. chase, expansion
the purchase, ex- or sale of a busi-
pansion or sale of a ness, or
business, or
Evaluate or ad-
Evaluate/advise a vise a fnancially
fnancially troubled troubled entity.
entity.DAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Taxation
Income tax Explain the relevant Analyze/research Explain the relevant Research and
legislation and section of the In- treatment for trans- section of the In- analyze treatment
research come Tax Act, tax actions/events, plus come Tax Act, tax for transactions/
conventions and/ conventions and/or events, plus
Draw conclusion √
or treaties, as it treaties, as it relates
and communicate Draw conclusions
relates to specifc to specifc transac-
results. and communicate
transactions/events. tions/ events.
results.
Tax compliance: Explain the general Analyze the general Explain the relevant Analyze the rel-
corporate or tax issues (can in- tax issues (can in- tax issues plus evant tax issues
personal clude assessments, clude assessments, plus
Explain tax return
notice of objections notice of objection
or analyze or pre- Analyze or pre-
and appeals), plus and appeals), plus
pare information to pare a tax return
Explain tax return Analyze/prepare a support the prepa- √ √
or analyze/prepare tax return ration of the tax
information to return
support the prepa-
ration of the tax
return
Tax planning: Analyze/estimate Explain/calculate Analyze specifc Explain and cal-
corporate or tax consequences the tax conse- tax-planning op- culate specifc
personal or specifc tax-plan- quences or specifc portunities for tax-planning op-
ning opportunities tax planning op- individuals or portunities for
for: (a) sharehold- portunities for: (a) corporations, and individuals or
ers and/or their shareholders and/or applicable GST im- corporations, and
corporations, or their corporations, plications, such as: applicable GST im-
(b) complex corpo- or (b) individuals (a) income tax im- plications, such as:
rate transactions, (excluding estate plications of death (a) income tax im-
or (c) individuals planning), or of an individual plications of death
(excluding estate- (b) compensation of an individual
Explain/calculate
planning), or planning between (b) compensation √ √
the tax conse-
shareholders and a planning between
Analyze/estimate quences of other
corporation, or (c) shareholders and a
the tax conse- corporate and part-
purchase and sale corporation, or (c)
quences of other nership restructur-
of a corporation purchase and sale
corporate and part- ing transactions, or
of a corporation
nership restructur-
Explain/calculate
ing transactions, or
the tax estate-plan-
Analyze/prepare ning opportunities
estate-planning for individuals.
opportunities for
individuals.DAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Strategy & Governance
Governance, Explain describes Analyze/prepare Explain describes Analyze
Mission, the entity’s the entity’s the entity’s or prepare
vision, values governance governance governance the entity’s
& mandate policies, processes, policies, processes, policies, processes, governance
and/or code, and/or code, and and/or code, policies, processes,
and prepares analyze/prepare and prepares and/or code,
information to information and information to and analyze
aid in the analysis analysis to ensure aid in the analysis information and
to ensure entity entity remains to ensure entity analysis to ensure
remains compliant compliant with remains compliant entity remains
with regulatory/ regulatory/ with regulatory/ compliant with √
compliance compliance compliance regulatory/
requirements, or requirements, or requirements, or compliance
requirements, or
Analyze Evaluates whether Analyze
management management management Evaluate whether
decisions to the decisions align with decisions to the management
entity’s mission, the entity’s mission, entity’s mission, decisions align
vision and values. vision and values. vision and values. with the entity’s
mission, vision and
values.
Strategy Explain the entity’s Analyze the Explain the entity’s Analyze the
development / strategic objectives entity’s strategic strategic objectives entity’s strategic
implementation and analyze related objectives and and analyze related objectives and
performance evaluate related performance evaluate related
measures, or performance measures, or performance
measures, or measures, or
Analyze the Analyze the
entity’s internal Evaluate the entity’s internal Evaluate the
and external entity’s internal and external entity’s internal
environment and external environment and external
and explain its environment and explain its environment
impact on strategy and analyze its impact on strategy and analyze its
√
development; impact on strategy development; impact on strategy
explain strategic development; explain strategic development;
alternatives, or analyze strategic alternatives, or analyze strategic
alternatives, or alternatives, or
Explain the key Explain the key
operational issues Analyze the key operational issues Analyze the key
and explains the operational issues including the use of operational issues
alignment with and analyzes information assets including the use
strategy alignment with and explains the of information
strategy. alignment with assets and
strategy. analyzes alignment
with strategy.DAIS
Competency Level 1 Level 2 Level 1 Level 2 Verb
or Tax
sub-area (pre-April 1, 2021) (pre-April 1, 2021) (post-April 1, 2021) (post-April 1, 2021) Change
Change
Enterprise risk Analyze/research Evaluate/review Analyze or research Evaluate
management components of a components of components of a components of
risk management an effective risk risk management an effective risk
program and management program and management
analyze its impact program and analyze its impact program and
on shareholder evaluate its impact on shareholder evaluate its impact
value on shareholder value, or on shareholder
value. value, or
Analyze the √ √
impact of IT/IS Evaluate the
risks on enterprise impact of IT/
risk and identify IS risks on
appropriate risk enterprise risk
management and recommend
strategies appropriate risk
management
strategiesAPPENDIX B: Enabling competency reflective questions
If you have created an experience report prior to April 1, 2021, the pre-April 1, 2021 questions
will display.
For any experience report created after April 1, 2021, the post-April 1, 2021 questions will display.
1. Acting Ethically and Demonstrating Professional Values
(formerly Professional and Ethical Behaviour)
Question (pre-April 1, 2021) Question (post-April 1, 2021)
a) Describe a time when you had to negotiate conflicting a) CPAs can face complex situations where they may be in
professional values in executing your work. Include conflict with their professional values. These values (as defined
descriptions of the processes listed: in your provincial Code/Rules of Professional Conduct) are
— the specific values integrity, due care, objectivity, independence, professional
— what was at stake for all involved competence, and confidentiality. Describe a time where
— what you did you encountered a situation that challenged one of your
— how you decided that this was an appropriate course of professional values identifying:
action — which value was in conflict
— what was at stake for all involved, including yourself
b) What impact did your course of action have on all involved?
— what you did
c) If confronted with a similar situation in the future, specify:
b) How did you choose this course of action and what
— what would make it easier for you to act?
alternatives did you consider? What were the pros and cons
— what you would do differently?
of each alternative? What information did you need to gather
and/or who did you seek guidance from?
c) What impacts did your course of action have on all involved,
including yourself? If confronted with a similar situation in the
future, what would make it easier for you to act and what you
would do differently?
2. Solving Problems and Adding Value (formerly Problem-Solving and Decision-Making)
Question (pre-April 1, 2021) Question (post-April 1, 2021)
Question 2: Problem-solving and decision-making a) Describe a time when you attempted to improve a process,
product or service in the workplace, including the problem you
a) Describe a time when you solved a problem or made a
were trying to solve. What challenges did you encounter and
decision in the workplace. Include descriptions of your actions
what actions did you take to address them? Describe the CPA
listed.
value that was most applicable to this situation.
— defined the scope of the problem
— collected and verified relevant information b) How did you choose this course of action and what
— performed appropriate analyses alternatives did you consider? What were the pros and cons
— integrated information to investigate each potentially viable of each alternative? How did you apply existing knowledge in
solution or conclusion new or different ways? What were the risks and limitations of
— recommended and justified a solution or conclusion your chosen course of action and how did you address them?
— used creativity and innovation during the problem solving or
c) What did you learn from this experience about solving
decision making process
problems? How can you apply these learnings in the future?
b) What impact did your solution or conclusion have on your
organization?
c) What did you learn from this experience and how will it
influence your future behaviour?3. Communicating (formerly Communication)
Question (pre-April 1, 2021) Question (post-April 1, 2021)
ANSWER ONE OF THE FOLLOWING a) Describe a time when you adapted your oral or written
(3.1 or 3.2 or 3.3): communication to meet the needs of a specific audience.
What actions did you take? Describe the CPA value that was
3.1: Obtains accurate and relevant information through listening, most applicable to this situation.
interviewing and discussing b) How did you choose this course of action and what
a) Describe a time when you obtained accurate and relevant alternatives did you consider? What were the pros and cons
information through listening, interviewing, or discussing. What of each alternative? What would have been the result had you
actions did you carry out to obtain this information? not taken these steps?
c) What did you learn from this experience about
b) What did you learn from this experience and how did your
communicating? How can you apply these learnings in the
organization benefit from your learning?
future?
c) How will you build upon what you have learned going
forward?
3.2: Writes and speaks to enhance work performed
a) Describe a time when your communication, either written or
oral, enhanced your work. How did it do so?
b) How did your organization benefit as a result?
c) What did you learn from this experience and how will it
influence your future behaviour?
3.3: Adapts communications to meet audience needs
a) Describe a time when you adapted your communication to
meet the needs of a specific audience. What steps did you
take in order to do so?
b) What would have been the result had you not taken these
steps?
c) How will you behave when faced with a similar situation in the
future?4. Managing Self (formerly Self-Management)
Question (pre-April 1, 2021) Question (post-April 1, 2021)
ANSWER ONE OF THE FOLLOWING a) Describe a time when your performance did not fully meet
(4.1 or 4.2 or 4.3): your expectations. What challenges did you encounter and
what actions did you take to address them? Describe the CPA
4.1: Monitors and improves work performance value that was most applicable to this situation.
b) When you reflect on your course of action, what alternatives
a) Describe an instance when you were not fully satisfied with
could you have considered? What were the pros and cons
your performance on a specific task. What challenges did you
of each alternative? Who could you have consulted with or
face in executing the assignment?
sought guidance from?
b) What steps did you take to address the situation and what
c) Having carried out these actions, what would you do
were the results?
differently next time? What skills do you need to develop
c) How will you build upon this experience going forward? to help you meet your expectations going forward in your
career?
4.2: Engages in professional development How are you planning to gain them?
a) What are your career goals for the next three-to-five years?
b) What have you done to achieve these goals and what role
have others played in helping you achieve these goals?
c) c) What will you do to achieve these goals and what role will
others play in helping you achieve these goals?
4.3: Recognizes limits to professional competence
a) Describe an instance when you were assigned work that was
slightly more advanced than your capabilities at the time.
What actions did you take in order to execute the assignment
effectively?
b) Was the effort entirely successful? Why or why not?
c) Having carried out these actions, what would you do
differently next time?5. Collaborating and Leading (formerly Teamwork and Leadership)
Question (pre-April 1, 2021) Question (post-April 1, 2021)
ANSWER ONE OF THE FOLLOWING (5.1 or 5.2): ANSWER ONE OF THE FOLLOWING (5.1 or 5.2):
5.1: Plans and effectively manages teams and projects 5.1: Plans and effectively manages teams and projects
a) Describe a time when you managed a project or team. What a) Describe a time when you managed a team or project. What
did you do to plan and execute the assignment effectively? did you do to plan and execute the assignment effectively?
Describe the CPA value that was most applicable to this
b) What did you learn from this experience and how did your
situation.
organization benefit as a result?
b) How did you choose this course of action and what alterna-
c) How can you apply your learning to other workplace
tives did you consider? What were the pros and cons of each
situations?
alternative? How did you promote and gain support for your
ideas?
5.2: Works effectively as a team member
c) What did you learn from this experience about leadership?
a) Describe a time when, as a member of a team, you worked How can you apply these learnings in the future?
with others to achieve a particular objective. What challenges
did you encounter and how did you overcome them?
5.2: Collaborates effectively as a team member
b) What did this experience teach you about yourself and others?
a) Describe a time when, as a member of a team, you worked
c) Having gone through this experience, what would you do dif- with others to achieve a particular objective. What challenges
ferently next time? did you encounter and how did you overcome them? Describe
the CPA value that was most applicable to this situation.
b) How did you choose this course of action and what alterna-
tives did you consider? What were the pros and cons of each
alternative? Who did you consult with or seek guidance from?
c) What did you learn from this experience about yourself and
others? How can you apply these learnings in the future?You can also read
