CPA Ontario Council has approved the following:
That, if otherwise eligible, students who complete the legacy CA program during transition by completing a CPA-Accredited program remain eligible for dual CPA, CA designation; and
That, if otherwise eligible, students completing the legacy CA program during transition by completing a CPA-Accredited program be deemed to have met the minimum grade requirements if they achieve:
– a minimum overall GPA of 70% (‘B-‘) in the courses that comprise the CPA-Accredited stream/program;
– a minimum of a passing grade in each course commenced before May 1, 2014; and
– a passing grade or a minimum of grade of 60%, whichever is higher, in each course commenced after April 30, 2014.
NOTE: The 60% minimum grade requirement in each course will never apply to students completing the legacy CA program (i.e. CKE, SOA and UFE) as they must complete the legacy CA 51 credit-hour requirement before April 30, 2014 to write the May CKE. Further, those completing the legacy CA 51 credit-hour requirement in order to challenge the first four CPA PEP module exams during the five-year grandparenting transition remain under the legacy CA minimum requirements of an overall ‘B-‘ GPA and a minimum of a passing grade in each course.