PUBLIC ACCOUNTING

COMPETENCY ASSESSMENT
RECORD
To be completed by the candidate - PLEASE PRINT
Member/Student
Number

Surname First Name Middle

Address Postal Code

Phone (business) ( ) Phone (home) ( ) E-mail

Assessment of Competence for Licensing

An integral part of qualifying for a public accounting licence is the demonstration and assessment of competence to the
standard expected by clients, the profession, and the general public. The Public Accounting Competency Assessment
Record enables a licensing candidate to document their ability to demonstrate the competencies expected of a public
accountant. Prior to being granted a public accounting licence, prospective licensees must demonstrate their proficiency
in all of the competencies detailed in this record and must meet the time-based requirements as detailed in CGA
Ontario's Public Accounting Licensing Regulations.

How to Complete the Public Accounting Competency Assessment Record (PACAR)

Within this record, competencies are classified into two types (both of which must be completed by all candidates):

A. Competencies requiring public accounting experience: Candidates must demonstrate these competencies in a public
accounting context and be assessed on them by a licensed accountant (i.e., while providing independent assurance
services, including audit and review engagements).

B. Competencies that may be obtained and assessed either through public accounting or other experience: These
competencies, while still essential for a licensed accountant, are more generally transferable and may be
demonstrated and assessed in non-public accounting contexts.

The tasks listed under each competency are illustrative of activities in which a licensee must demonstrate proficiency in
order to be deemed competent. It is expected that candidates will have demonstrated proficiency in the majority of the
tasks related to a given competency. Note, however, that the task lists are not exhaustive and other relevant activities
may be deemed by assessors as acceptable to support the competence of a potential licensee.

Candidates should document the relevant details and examples supporting their demonstration of one or more
competencies on their Engagement Competency Assessment (ECA) and/or Periodic Competency Assessment (PCA)
forms, and discuss these with their approved assessor. To document the assessors approval of a competency,
candidates should complete the relevant sections of each part of their PACAR and have the assessor sign off.

Approved assessors
All competencies must be assessed by a designated accounting professional who has sufficient knowledge of the
candidate's work through a supervisory or review capacity. For competencies requiring public accounting experience
(Part II, Section A) there is an additional requirement that the assessor be a licensee in Ontario or a public accountant
qualified in another Canadian jurisdiction.
PLEASE RETAIN A COPY OF YOUR COMPLETED RECORD PRIOR TO SUBMITTING IT WITH YOUR LICENCE APPLICATION

PART I: EMPLOYMENT HISTORY

Please provide details about your employment history below (or attach a resume). When including information about
previous employment, list your most recent positions first.

Current Employer (to be completed only at the time of final submission of this record)
Self-employed in public practice Employed in public practice Other (specify) ______________________
Firm/Employer name

Firm/Employer address

Number of employees in organization Total Number you supervise

Your title Duration with current employer (M/Yrs)

Immediate supervisor (Name, Title, and Designation)

Do you or your immediate family have a controlling interest in your employer company or organization Yes No
Previous Employers in Assurance, Accounting, or Financial Management (limit to the previous 5 years)

Period of Employment
Employers Name Positions Held Major Duties
From (M/Yr) to (M/Yr)
PART II: COMPETENCY ASSESSMENT

A. Competencies requiring practical experience that must be assessed in a public accounting environment

The practical experience used to demonstrate competence in this section must be obtained in a public accounting environment.
Competence must be assessed by a designated professional with sufficient knowledge of the candidate's work through a supervisory
or review capacity, and who is either a licensee in Ontario or a public accountant qualified in another Canadian jurisdiction.

Note: All assessors attesting to competencies in this section must be included in Part IV: Assessor identification and certification.

The following details must be documented for each competency in this section:
The ECA form number that supports demonstration of the competency.
The type of assurance engagement(s) during which the competencies were demonstrated to the satisfaction of an assessor (e.g.,
audit or review).
The signature of the assessor reviewing or supervising and attesting to the candidate's demonstration of the competency.
The date the assessor has attested to the candidate's demonstration of the competency.
Any additional comments, such as other tasks that are indicative of the candidate's competence (attach additional pages if
needed).

ASSURANCE PROCESS

A01. Evaluates and consults on the organization's assurance needs ECA Number
Tasks:
Understands the criteria for determining the level of assurance needed by a client. Engagement type
Evaluates the client-specific situation to determine the most appropriate level of
assurance (e.g., audit, review, or a non-assurance engagement such as a
compilation). Assessors signature
Evaluates the client-specific situation to determine whether an assurance
engagement other than a standard audit or review is appropriate (e.g., review of
interim financial statements, audit of prospectuses, forecast or projection, direct Date signed
reporting engagements).
Explains to the client the rationale for selecting a particular type of assurance
engagement or mix of services (e.g., statutory requirement, requirement by Comments
shareholders, creditors, etc.).
Explains the assurance process to existing and potential clients (e.g., steps
involved, best practice guidelines, effects of IT environment or other situational
factors).
Explains the role and objectives of internal and comprehensive auditing, and
contrasts this with the role and objectives of external auditing.

A02. Determines the scope of the engagement ECA Number

Tasks:
Determines the extent of work to be performed, based on the type of engagement Engagement type
and the specific client needs and situation (e.g., stakeholder needs and
expectations, type of report needed and its intended uses, statutory authority for Assessors signature
the engagement, if applicable).
Considers factors such as related parties, foreign reporting requirements,
responsibility for annual report, MD&A, regulatory and environmental issues, and Date signed
relevant standards and practices, when determining the appropriate scope.
Ensures that the scope of the assurance engagement is accurately and completely
represented in the engagement letter, and is understood by the client (e.g., the Comments
client understands both their responsibilities and those of the auditor, as well as
the limitations of the engagement).
A03. Determines or advises on whether to accept the engagement ECA Number
Tasks:
Understands the criteria to be used to determine whether acceptance or retention Engagement type
of a client is appropriate.
Researches and evaluates potential client to understand risks and ensure
suitability (e.g., financial stability and reputation). Assessors signature
Communicates with predecessor auditor to request information regarding any
reason the client should not be accepted.
Date signed
Evaluates independence from the client.
Evaluates internal resources to ensure sufficient expertise and time are available
to properly perform the engagement. Comments
Evaluates whether a potential or continuing client is suitable given the firms client
profile and risk profile.
Decides whether to accept the engagement and documents the basis and terms of
acceptance.
Prepares an engagement letter to confirm the agreement and understanding of
terms.

A04. Determines the assurance engagement resource requirements ECA Number

Tasks:
Evaluates the nature and extent of assurance procedures and other specifics of Engagement type
the engagement to determine the appropriate level and timing of staffing
required.
When staffing the engagement, considers the expertise required, potential to Assessors signature
delegate, supervision and review requirements, client preferences and staff
continuity, staff availability and existing schedules.
Determines realistic time budgets, achieving a balance between client pressures Date signed
for reduced fees and the need for sufficient time to complete the engagement
properly.
With repeat assurance engagements, reviews the results of prior audits or reviews Comments
to identify problem areas or potential issues that may impact resource allocation.
Evaluates when external resources may be required (e.g., use of specialists), and
recommends or arranges external resources.
Ensures adequate procedures are in place to establish a basis for relying on the
work of external personnel.
Evaluates the technological tools that may be needed for an engagement (e.g., use
of computer assisted audit techniques, CAATs).

A05. Adapts programs or plans in response to new and/or emerging professional standards ECA Number
Tasks:
Monitors professional standards, such as GAAP and GAAS, and modifies assurance Engagement type
plans to reflect changes in requirements.
Stays current on exposure drafts to be forewarned of impending changes, their Assessors signature
rationale, and their impact on engagements.
Stays current on trends in the industry to anticipate changes (e.g., current audit
environment and public opinion, the trend toward international harmonization of Date signed
standards).

Comments
A06. Evaluates risks and business issues to determine their impact on the engagement ECA Number
Tasks:
Obtains sufficient knowledge of the client, their control environment, their Engagement type
industry, the economic environment, their objectives and strategies, and key
stakeholders to be able to accurately assess business risk areas and issues (such as
financial instability and/or debt covenants, intense competition, unstable supply Assessors signature
or demand, significant regulation).
Performs regular reviews of client information and proactively assesses changing
needs and impacts on the upcoming engagement. Date signed
With repeat assurance engagements, reviews the results of prior audits or reviews
for problem areas or potential issues that may impact risk.
Performs preliminary analysis of financial statements and other client information Comments
to scan for possible risk factors, including the appropriateness of the going
concern assumption and the risk of fraud (e.g., performs basic ratio/trend analysis,
considers client motivations, reads MD&A).
Develops materiality or significance levels in accordance with generally accepted
auditing standards and other appropriate standards.
Sets materiality level in consideration of how specific risks impact the users of the
statements, applying professional judgment to assess qualitative factors.
Considers the audit risk model when planning the audit (e.g., adjusts the
acceptable level of audit risk to reflect the presence of risks and business issues).
Assesses the risk of material misstatement based on relevant risks and business
issues, and adjusts the acceptable level of detection risk as appropriate.
Discusses risk assessment with client where appropriate.
Adjusts the nature, timing, and extent of work to reflect the impact of risks and
business issues, and adequately documents the changes and supporting rationale.

A07. Identifies, evaluates, and advises on internal control system, and communicates ECA Number
weaknesses to the appropriate level of the organization
Tasks: Engagement type
Studies business processes and systems, and understands the controls necessary
to ensure the systems function as intended, including controls related to
monitoring, decision-making and accountability processes. Assessors signature
Considers the feasibility of auditing around, through, or with the computer, and of
using computer assisted audit techniques to test control systems; collaborates to
design appropriate tests. Date signed
Evaluates internal controls by testing them with appropriate tools and
technologies under appropriate conditions (e.g., tests controls related to financial
approval authority, perpetual inventory system, credit control, segregation of Comments
duties, business continuity plan).
Considers the need for policies and procedures as well as electronic safeguards to
protect data integrity and security (e.g., access controls, information availability,
processing consistency).
Considers the presence of fraud risk factors and evaluates the impact on the
effectiveness of controls.
Communicates weaknesses in internal controls to the appropriate level of
management and/or the audit committee or equivalent.
Provides clear recommendations regarding the need for new or improved controls
and suggests a method of implementation.
A08. Develops and/or modifies appropriate assurance procedures for an engagement ECA Number
Tasks:
Determines criteria for evaluating subject matter and whether criteria are Engagement type
generally accepted.
In situations where generally accepted criteria do not exist, discusses alternatives
with colleagues, senior staff, and intended users as applicable. Assessors signature
Prepares appropriate audit procedures in terms of nature, timing, and extent,
based on factors such as knowledge of the client and preliminary risk assessment.
Considers the risk of material misstatement (through the assessment of combined Date signed
inherent and control risks) and engagement economics to determine whether a
combined or substantive approach is more appropriate and efficient.
Determines whether statistical or non-statistical sampling is more appropriate. Comments
Develops appropriate analytical procedures.
Develops assurance procedures to make use of the assurance work of other
parties (e.g., internal auditors, external auditors of related entities, and external
auditors of service providers).
Determines how computer assisted audit techniques should be used (e.g., adapts
audit procedures for evaluating controls in a computerized environment).
Modifies audit procedures in light of findings such as ineffective controls, known
errors, changes in circumstances, or the presence of fraud risk factors.
Documents the planned procedures (e.g., prepares the audit program).
Documents any program modifications, ensures changes are authorized as
needed, and ensures all team members are updated.
Ensures that any impact on the engagement scope has been discussed with the
client and authorized, and that the engagement letter is updated appropriately.

A09. Executes the assurance program or plan in accordance with professional standards ECA Number
Tasks:
Understands the purpose of the planned procedures and completes audit Engagement type
procedures as intended.
Performs and documents procedures with due care and an objective state of
mind. Assessors signature
Ensures that any assistants are adequately supervised and that their work is
reviewed.
Evaluates the relative reliability of evidence and gathers sufficient appropriate Date signed
evidence to support conclusions.
Ensures adequate control over evidence to maintain its integrity.
Resolves conflicting evidence and remains alert for evidence of fraud or error. Comments
Resists the tendency to simply follow last years file, and instead critically
assesses the way procedures are performed.
Ensures that assurance procedures adequately address areas such as subsequent
events, contingencies, commitments, and related party transactions.
A10. Analyzes and documents the evidence and results of the assurance engagement ECA Number
Tasks:
Uses professional judgment and skepticism when analyzing evidence. Engagement type
Analyzes evidence to determine whether:
- controls meet their objectives and are adequate to prevent and/or detect errors
- transactions and balances are accounted for fairly in accordance with GAAP (or Assessors signature
other applicable standards)
- processes are operating in accordance with specified standards.
Documents conclusions as to whether the assurance procedure meets its Date signed
objective.
Prepares clear working papers with sufficient detail to document the nature of the
control, transaction, balance, and/or process, and to support conclusions. Comments
Resolves inconsistencies and unexpected findings, and appropriately addresses
any findings that indicate possible fraud, error, or illegal acts.
Discusses any material issues noted with management and/or the audit
committee as appropriate, and recommends any required adjustments or actions.
Resolves all outstanding issues with the client.
Obtains management representations in writing.
Documents and/or facilitates debriefing of engagement results, issues, and client
feedback to consider for the following years engagement, to improve the quality
of service and effectiveness/efficiency of the engagement.

A11. Develops conclusions and prepares an assurance report or letter ECA Number
Tasks:
Performs final review of financial statements as a whole with respect to fair Engagement type
presentation.
Concludes on the appropriateness of disclosures.
Performs file review, including final analytical review. Assessors signature
Reviews the unadjusted errors in light of materiality or significance guidelines, and
determines if corrections are required or further assurance work is needed.
Performs a final review of findings and evaluates any indications of potential fraud Date signed
or illegal acts.
Evaluates whether quality control standards were adhered to and ensures
engagement quality control review is completed as applicable. Comments
Concludes on and prepares the appropriate assurance report to be issued based
on the reasonableness (audit) or plausibility (review) of the financial statements as
a whole.
Ensures that the report is supported by sufficient appropriate evidence that has
been properly documented.
Prepares a management letter with suggestions of how to, for example, improve
the effectiveness of internal controls and internal/external reporting.
Prepares a report or presentation to the audit committee or equivalent (those
with oversight responsibility for the financial reporting process), as required to
meet professional standards (e.g., reports on independence of the assurance
team, related party issues, significant unusual transactions).
Ensures that where information is provided in an organizations annual report, it is
consistent with the audited financial statements.
Prepares other special purpose assurance reports to meet client needs.
A12. Develops and advises on a framework for the detection of fraud ECA Number
Tasks:
Monitors changes in professional standards regarding the auditors responsibility Engagement type
with respect to fraud.
Reviews literature on fraud risk factors (e.g., with respect to payroll fraud, billing
fraud, computer fraud). Assessors signature
Develops audit procedures to assess fraud risk factors.
Explains fraud risk factors and detection techniques to the appropriate level of the
organization. Date signed
Considers and discusses the organizations ethical culture (e.g., the extent to
which the organizations mission, strategic direction, operational decisions, and
rewards systems are congruent with its stated ethical values), and the resulting Comments
impact on fraud risk.

CLIENT AND PRACTICE MANAGEMENT

A13. Prepares a wide variety of reports for specific purposes using clear, communicative, ECA Number
and professional language
Tasks: Engagement type
Identifies the intended purpose and uses of the report, the needs of the expected
users, and the time and resources available.
Decides the appropriate type of report for the information needed to be conveyed Assessors signature
(e.g., auditors report, management letter, consulting report, financial report,
academic paper).
Uses a logical structure and includes the appropriate detail, breadth and depth of Date signed
background information and new content.
Prepares the report using the appropriate tone and level of technical detail for the
intended audience. Comments
Includes the appropriate level of support or evidence, and organizes supporting
tables and appendices to provide the most utility for readers.
Includes appropriate visual aids to assist in conveying information (e.g., graphs,
tables, diagrams, etc.).
A14. Anticipates and meets the needs and expectations of internal and external clients ECA Number
Tasks:
Develops a solid understanding of a variety of industries including, for example, Engagement type
their operating environments, unique aspects, critical success factors, key
performance/economic indicators, trends, regulatory environments, and key
sources of information. Assessors signature
Develops a solid understanding of clients and their stakeholders, and performs
regular reviews to monitor changes.
Ensures processes are in place to regularly connect with clients and discuss critical Date signed
business issues and their impact on the assurance engagement (or for non-
assurance clients to discuss and develop plans for service opportunities).
Continuously pursues information that is relevant to the organization or the Comments
clients, and is vigilant of opportunities to add value to the organization, clients or
potential clients through the application of professional knowledge.
Identifies potential opportunities and improvements for internal or external
clients and stakeholders, discusses professional service needs and makes
suggestions or recommendations as appropriate.
Meets with client prior to engagement to discuss needs and expectations, and
negotiates an appropriate and realistic service plan, timeline and fee schedule to
meet or exceed client expectations.
Educates existing and potential clients as to the amount of work required in the
provision of professional services and fosters realistic expectations.
Determines the relevant information needed by clients for effective decision-
making based on critical business issues.
Proactively brings relevant information to clients attention and, where
appropriate, makes recommendations that are consistent with the clients
objectives and current situation.
Advises client on the implications and requirements resulting from decisions,
current plans, and anticipated changes.
Follows-up to ensure that client understands the required actions and has
sufficient information to carry through.
Ensures that recommendations to clients have been implemented and are
achieving the desired results.
Debriefs clients to confirm that their needs and expectations have been met and
seeks feedback for improvement; confirms areas where expectations may have
been exceeded.
Where client expectations are not met, negotiates how to resolve issues.

A15. Applies client focus, recognizing and observing the need for independence and ECA Number
objectivity
Tasks: Engagement type
Balances the need to serve the client and meet their expectations with the greater
need for maintaining objectivity and independence.
Establishes and maintains a strong rapport with the client in order to meet their Assessors signature
needs.
Puts client/employer interests ahead of their own self-interest.
Balances the interests of different clients to ensure one clients interests is not Date signed
favoured over anothers.
Maintains independence in fact and in appearance in order to make objective
decisions. Comments
Understands the nature of bias and is diligent to avoid bias and remain impartial.
A16. Assumes leadership at the appropriate phases of planning, action, and evaluation ECA Number
Tasks:
Recognizes internal and external situations that require a leadership role (e.g., Engagement type
internally with engagement teams and externally with clients).
Assumes responsibility for ensuring the efficiency and effectiveness of the
engagement. Assessors signature
Demonstrates an appropriate leadership style (e.g., encourages teamwork,
considers input from various stakeholders, motivates team members, recognizes
team member achievements, displays enthusiasm, creates synergy). Date signed
Closely monitors progress of engagements and takes prompt corrective action as
needed.
Determines the appropriate course of action and directs the efforts of others to Comments
achieve the desired outcomes.
Provides a professional role model to staff and clients by demonstrating an
understanding of the ideas, concerns, beliefs, and motivations of others, and by
maintaining focus on principles and goals.
Ensures sufficient debrief at the end of engagements or assignments to allow for
reflection, evaluation, and assimilation of lessons learned.
Leads group processes by determining the purpose and nature of the group effort
or negotiations, identifying and including the stakeholders and others from whom
input is needed, ensuring appropriate resources are distributed to group
members, and facilitating/coordinating the groups efforts through a logical
process.
Confirms and follows up on outcomes and next steps of group processes, including
ensuring adequate documentation of decisions reached, and assigning
responsibilities for action items.

A17. Effectively manages the practice ECA Number

Tasks:
Develops or contributes to the vision and mission of the practice, including its Engagement type
goals, niche or target market, corporate culture and position on social
responsibility.
Takes responsibility for practice administration, economics, and strategic growth. Assessors signature
Performs general administrative responsibilities in an organized and diligent
manner.
Develops and/or maintains a system of financial management for a practice. Date signed
Develops and maintains systems to manage attracting and retaining clients that
meet the firms risk and business profile.
Projects a positive and professional image when representing their firm. Comments
Fosters a working environment that promotes a quality-oriented culture.
Sets fees at an appropriate level to reflect the professional nature of the work
required and ensure high quality.
Negotiates fee adjustments with clients as needed to ensure mutual benefit and
collects fees.
Demonstrates an understanding of appropriate techniques to recruit and hire
competent staff, including assessing the firms needs, developing job descriptions,
promoting the profession and the firm to potential candidates, reviewing rsums,
conducting interviews, and ranking candidates.
Develops and/or maintains a system of staff coaching, development, performance
planning, and review.
Monitors changing needs of clients and confirms that the firms vision, mission,
policies, etc., continue to be aligned with the needs of the clients.
PROFESSIONAL VALUES, ETHICS, AND ATTITUDES

A18. Applies professional ethical standards ECA Number

Tasks:
Understands and adheres to CGA Ontario's Code of Ethical Principles and Rules of Engagement type
Conduct, both in general and particularly as it relates to the provision of public
accounting services, for example:
- acts honestly and with integrity Assessors signature
- maintains confidentiality
- maintains independence where required
- identifies and avoids conflicts of interest Date signed
- maintains competence and due professional care
- acts fairly to other members of the profession
- adheres to GAAP and GAAS Comments
- follows the letter and spirit of the law
- follows CEPROC regarding notification of breach of rules.
Appreciates and acknowledges how professional ethical standards serve to
protect the public interest.
Accepts responsibility for decisions and actions.
Follows a systematic approach to solving ethical dilemmas, such as through the
use of the CGA ethical decision-making framework.
Seeks guidance from the Association and/or legal counsel when faced with more
complex ethical dilemmas.
Makes decisions that are transparent and consistent.

A19. Exercises consistently high level of professional judgment ECA Number

Tasks:
Applies knowledge and experience to make appropriate suggestions, Engagement type
recommendations, or decisions in specific client situations.
Considers and resolves ethical implications of possible decisions.
Makes consistent decisions with respect to similar fact patterns. Assessors signature
Observes the actions and decisions of more experienced professionals and
mentors and determines what lessons can be learned.
Seeks input and/or guidance from the Association or other professionals when in Date signed
doubt about the appropriate course of action to take.

Comments
A20. Demonstrates professional courtesy ECA Number
Tasks:
Treats with respect and is helpful to successor accountant when a client chooses Engagement type
to engage the services of another professional.
Maintains a professional attitude, regardless of differences in opinion.
Speaks respectfully of others. Assessors signature
Extends professional courtesy to members of other designations and professions.

Date signed

Comments

A21. Applies professional scepticism ECA Number

Tasks:
Recognizes that circumstances may exist with respect to an assurance Engagement type
engagement that cause the financial statements to be materially misstated and
remains vigilant for such circumstances when planning and performing assurance
engagements. Assessors signature
Trusts their own judgment when doubts arise and takes appropriate action to
confirm or dispel doubts.
Maintains professionalism and is not obsessively sceptical or overly suspicious. Date signed

Comments
ANALYSIS AND PROBLEM SOLVING

A22. Collects, selects, verifies, and evaluates information relevant to the defined problem ECA Number
Tasks:
Defines the nature and context of a problem in terms of its root causes.
Identifies the primary purpose(s) for collecting and analyzing information and the Engagement type
relevant sources of information to be considered for a given situation.
Based on the purpose, determines the level of precision needed (precise
calculations or estimates), and determines whether forecasts or projections are
required. Assessors signature
Where precision is limited by measurement uncertainty, considers how estimates
can be used to achieve goals.
Gathers or develops the necessary data, facts, ideas, opinions, etc., using methods
that are appropriate under the circumstances (e.g., sampling, document review, Date signed
direct observation, interviews, internal or external electronic sources).
Breaks information down to essential elements to uncover new perspectives and
gain new insights into relationships and components.
When gathering information through observation, ensures that the reasons for Comments
observation are understood, the activities to be observed are well defined, and
that the observations are well documented.
Tests or validates as necessary, ensuring that the premise to be tested is well-
defined, the criteria for determining and interpreting test outcomes are well-
specified, and the appropriate type and precision of testing is used (e.g., 100%
verification, statistical sampling or judgmental sampling).
Selects sample documents or data based on an appropriate sampling plan.
Applies appropriate controls over data and test procedures to protect data and
ensure validity of results.
Evaluates observations and test results within the defined parameters and
context, and draws relevant conclusions, including with respect to the validity of
results and whether further testing or other action is required to deal with
unexpected results or inconsistencies.
Verifies information is reliable, accurate and correct (e.g., by considering factors
such as the credibility and integrity of the source, and comparing data,
observations, and test results for consistency with other internal and external
sources to corroborate information).
Identifies biases in information and distinguishes between fact and opinion.
Calculates accurately, applying the necessary precision and expertise.
Evaluates the relevance of information, observations, and test results to the
engagement, as well as the limitations and further insights or implications.
Calculates appropriate measures and uses appropriate tools and methods to
prepare and interpret information for financial decision-making, such as financial
ratios, cost of capital, cash flows or discounted cash flows.
Considers the appropriate amount of time and resources to invest in collecting
and analyzing the information, and performs tasks accordingly.
Undertakes appropriate technical research.
Recognizes the degree of expertise required to complete computations and
evaluations, and arranges expertise as needed.
Evaluates results to determine whether primary purpose for gathering and
evaluating information was ultimately met.
A23. Applies cross-functional technical knowledge to create integrative solutions ECA Number
Tasks:
Adequately considers accounting, tax, and assurance implications and the impact Engagement type
on critical success factors when advising clients on a course of action.
Applies information technology knowledge and skills to develop efficient and
effective procedures for assurance or tax work, or to assist the client. Assessors signature
Applies knowledge and skills from other business areas (e.g., statistics, economics,
law) to develop solutions for the client or the engagement team.
Date signed

Comments

APPLICATION OF TECHNICAL KNOWLEDGE

Financial Accounting and Reporting:

A24. Interprets and advises on the organizations reporting obligations ECA Number
Tasks:
Advises corporate and not-for-profit clients on their financial reporting Engagement type
requirements for Federal and Provincial governments.
Advises public companies of the appropriate financial information to be filed with
the security commissions. Assessors signature
Advises corporate clients on their reporting requirements for shareholders (e.g.,
interim and annual reports, proxy voting provisions, and other requirements
under the appropriate Corporate Acts). Date signed
Advises clients on reporting requirements under contractual obligations (e.g.,
reporting required by banks under debt covenants, regulatory reporting
requirements, etc.). Comments
Describes the differences in, and applicability of, reporting requirements under
Canadian, US, and international standards, and explains the need for special
presentation of information where applicable.

B. Competencies requiring practical experience that can be obtained and assessed in either a public accounting or
other work environment.

The practical experience used to demonstrate competence in this section may be obtained in either a public accounting or non-
public accounting environment. Competence must be assessed by a designated professional with sufficient knowledge of the
candidate's work through a supervisory or review capacity.

Note: All assessors attesting to competencies in this section must be included in Part IV: Assessor identification and certification.

The following details must be documented for each competency in this section:
The ECA or PCA form number that supports demonstration of the competency.
The signature of the assessor reviewing or supervising and attesting to the candidate's demonstration of the competency.
The date the assessor has attested to the candidate's demonstration of the competency.
Any additional comments, such as other tasks that are indicative of the candidate's competence (attach additional pages if
needed).
CLIENT AND PRACTICE MANAGEMENT

B01. Ensures that information is communicated to the appropriate people on a timely basis ECA or PCA Number
Tasks:
Proactively determines to whom information should be communicated. Assessors signature
Supplies information to appropriate parties without prompting.
Meets deadlines to supply information as requested.
When collaborating with a project or engagement team, ensures that all team Date signed
members have a full understanding of the background information, current issues,
and their role, to enable them to be an effective contributor.
Ensures that significant items are communicated to management and/or those Comments
with oversight responsibility for the financial reporting process (i.e., the audit
committee) as required to meet professional standards.
At the end of discussions, presentations, or meetings, confirms conclusions and
action items and follows up promptly.
Identifies restrictions on the distribution or dissemination of confidential or
sensitive information or documents, and controls communications accordingly to
avoid unauthorized access or distributions.

B02. Listens, encourages feedback, and follows up to ensure that communications are ECA or PCA Number
clearly understood
Tasks: Assessors signature
When exchanging information, listens actively to ensure understanding; confirms
information and seeks clarification where necessary.
Seeks out questions and feedback from clients and/or supervisors, and takes Date signed
action to make improvements based on feedback received.
During discussions, seeks input and feedback, and incorporates new perspectives,
ideas and suggestions to gain a deeper understanding. Comments
During the planning of engagements or projects, ensures that all team members
perspectives are considered and incorporated.
Sets aside appropriate time for questions, and ensures that outstanding issues are
resolved.
Responds to feedback and criticism in a professional manner, and manages
negative or emotional responses constructively.
Encourages questions from others and remains approachable.
Follows up to ensure that outstanding questions or issues are resolved, and that a
mutual understanding has been reached regarding conclusions, next steps, and
timelines.
B03. Facilitates resolution between differing viewpoints ECA or PCA Number
Tasks:
Identifies the issues to be resolved and the parties involved. Assessors signature
Implements a system to resolve different viewpoints and judgmental decisions,
especially with respect to contentious issues and emotional responses.
Facilitates resolution and consensus through systematic, impartial analysis and Date signed
negotiation.
Ensures that the purpose of negotiations is understood and focuses on the key
purpose when developing a process to resolve the issue. Comments
Considers situations from the viewpoint of all relevant stakeholders and facilitates
discussions to probe common interests and work toward agreement.
Examines and assesses the advantages and limitations of a variety of resolutions
before making a decision.
Proposes appropriate compromises or concessions when necessary.
Confirms decisions reached and ensures adequate documentation.
Assigns responsibilities for action items and follows up to ensure completion.

B04. Represents clients' interests when changes are proposed to standards and regulations ECA or PCA Number
Tasks:
Describes trends in accounting, assurance, and performance measurement Assessors signature
standard setting (such as globalization and harmonization/convergence with
international accounting and assurance standards), and considers the impact of
such trends on the profession, public, and clients. Date signed
Proactively monitors changes to relevant standards, regulations, and legislation as
well as proposed changes (e.g., summarizes exposure drafts, monitors changes in
tax law). Comments
Demonstrates initiative by accurately assessing the situations in which a change
applies, and the impact of proposed changes on clients or employers, including
both threats and opportunities.
Ensures that impacts are communicated to the appropriate level of the
organization.
Takes action to ensure that risks are minimized or controlled, and that clients or
employers are prepared to comply with expected changes.
Evaluates and provides input and feedback on changes to proposed standards and
regulations.
Describes the standard-setting process for emerging standards.

PROFESSIONAL VALUES, ETHICS, AND ATTITUDES

B05. Ensures confidentiality with respect to organizational or client information and data ECA or PCA Number
Tasks:
Understands and adheres to the confidentiality requirements of CGA Ontario's Assessors signature
Code of Ethical Principles and Rules of Conduct as they pertain to client and
employer information.
Understands and complies with relevant privacy legislation (e.g., Federal Privacy Date signed
Act, PIPEDA, Freedom of Information and Protection of Privacy Act).
Assesses intentional and unintentional risks to confidentiality, and takes action to
mitigate risks. Comments
Ensures adequate protection of client and internal information, using electronic
and non-electronic means.
B06. Protects the public interest ECA or PCA Number
Tasks:
Identifies potential ethical dilemmas in professional situations. Assessors signature
Understands their responsibility to society, as specified in CGA Ontario's Code of
Ethical Principles and Rules of Conduct.
Follows the spirit and the letter of professional and ethical standards, Date signed
acknowledging that protection of the public interest is paramount and making
decisions accordingly.
Is proactive in maintaining and raising the visibility of the ethical nature of the Comments
profession and professional accounting standards, with a view to preserving the
trust placed in the profession by clients, employers, and the public.

B07. Plans and exercises due diligence ECA or PCA Number

Tasks:
Understands the level of care expected of the professional accountant in various Assessors signature
situations, and makes judgements accordingly.
Ensures that evaluations of plans, projects, proposals, etc. begin with an adequate
assessment of risk. Date signed
Builds a complete picture of factors that may impact the decision at hand.
Takes reasonable steps to ensure that information being considered is reliable,
and exercises professional scepticism where necessary. Comments
Presents and interprets information fairly and objectively.
Follows a systematic process to ensure that all factors are adequately considered
and assessed.
Ensures adequate time is available, to avoid rushing into a decision ill-prepared.
Communicates issues to the appropriate level of management.

B08. Acquires and maintains knowledge and skills in financial and non-financial fields ECA or PCA Number
Tasks:
Understands the need for accountants to be knowledgeable and current in a Assessors signature
broad range of financial and non-financial fields (e.g., CICA Handbook, AcSB
guidelines, information technology, statistical analysis, new tax legislation, world
trade developments, marketing strategies and techniques). Date signed
Monitors trends in general business (e.g., legal, economic, technological, political).
Performs self-assessment to determine areas where additional knowledge and
skills or updating of existing knowledge would be appropriate to respond to, or Comments
take advantage of, existing situations or anticipated changes.
Pursues interests in other areas and develops knowledge and skills.
Chooses professional development study topics to broaden range of knowledge
and skills.
Describes or pursues opportunities to contribute to financial and non-financial
fields of knowledge, for example:
- analyzes and critiques existing systems and new developments in accounting,
tax, performance measurement
- reviews and discusses exposure drafts
- researches and tries new tools and techniques
- participates on focus groups or committees.
B09. Acts within the scope of professional competence ECA or PCA Number
Tasks:
Ensures that the range of professional competence matches the types of services Assessors signature
advertised or offered.
Before accepting a client, engagement, or project, assesses scope of the
assignment to ensure the necessary skills, knowledge, experience, and (if Date signed
applicable) supervision are available.
Seeks guidance if there is any doubt about actual level of professional competence
available versus the level needed. Comments
Projects a professional image, but is comfortable refraining from answering
questions from clients or management if they fall outside the range of personal
professional expertise.
When in doubt, confirms information before passing it on to others.

B10. Knows when and how to refer to other professionals and experts ECA or PCA Number
Tasks:
Within the organization, evaluates the adequacy of processes for identifying the Assessors signature
need for specialized expertise such as legal advice.
Within the engagement, evaluates situation to determine if additional resources,
skill, or expertise is needed. Date signed
Establishes a reasonable basis for reliance on the work of others (e.g., verifies
credentials, ensures sufficient evidence of current knowledge, competence, due
care). Comments
Re-evaluates whether professional competence is exceeded and if expert
assistance is required if the scope of an engagement or project changes.
Discusses the need for additional assistance or expertise with a client or employer
as soon as the need is identified.
Takes action to secure necessary resources from within their professional network
and/or from the Association as needed.
Collaborates with other professionals to support their work (e.g., understand how
to provide litigation support to client under the direction of legal counsel).

ANALYSIS AND PROBLEM SOLVING

B11. Analyzes data for patterns, relationships, and trends ECA or PCA Number
Tasks:
Determines what data is relevant to the decision at hand. Assessors signature
Identifies and studies cause and effect relationships and works to uncover root
causes.
Understands the context in which data was collected and compiled in order to Date signed
accurately develop conclusions (e.g., considers whether the data represents precise
calculations, estimates, forecasts or projections).
Where forecasts or projections are involved, considers the data needed as well as Comments
the knowledge of trends required and the assumptions necessary, and ensures that
outputs are clearly labelled as forecasts or projections, with supporting assumptions
explained.
Makes logical inferences and assumptions, and adjusts reasoning and conclusions for
new information and insights.
Pays attention to relevant factors that can throw off results of analysis (e.g.,
underlying distribution of data, need for random selection of sample data), and
investigates any unexpected finding to resolve issues and questions.
Chooses appropriate tools and techniques to fit the data set and the decision to be
made (e.g., vertical or trend analysis, regression analysis).
B12. Assembles findings and conclusions to form a sound basis for decision making ECA or PCA Number
Tasks:
Systematically compiles all findings and considers all factors before concluding. Assessors signature
Evaluates findings for inconsistencies and performs further analysis to resolve such
inconsistencies.
Ensures documentation adequately addresses all findings, and presents conclusions Date signed
logically and appropriately for the context of the decision to be made.
Ensures that findings and conclusions that are presented include implementation
plans relevant to the decision at hand. Comments
Clearly notes any limitations of the analysis and findings to highlight the importance
of such limitations in the final decision-making process.

B13. Considers alternative solutions and shapes recommendations ECA or PCA Number
Tasks:
Is open-minded and recognizes that there may be many viable alternatives in any Assessors signature
given situation.
Does not settle on the first alternative presented; instead, seeks out alternate
solutions and evaluates them objectively, keeping the original goal in mind. Date signed
Challenges assumptions and thinks outside the box.
Actively seeks input and ideas from others in generating alternatives, and considers
different perspectives or angles before deciding. Comments
Evaluates alternatives in light of:
- the effectiveness in meeting the goal
- addressing the root problem(s) or managing unsolvable problems
- the ethical implications, including compliance with professional standards
- the feasibility for the organization, including availability of resources
- the likely reaction of stakeholders and the extent to which their needs are met.
Where appropriate, negotiates solutions and compromises to resolve conflicts and
differences of opinion.
Based on analysis and evaluation of alternatives, provides advice and/or
recommends a solution or course of action to address or manage the problem.
Presents recommendations with adequate support, noting both the opportunities
and limitations of the alternatives evaluated.
Prioritizes recommendations and provides justification for the ranking.
Plans and/or coordinates implementation, and follows up with stakeholders to
ensure implemented solution was successful in addressing the problem.
Adjusts solutions as needed based on feedback from stakeholders and lessons
learned during implementation.
APPLICATION OF TECHNICAL KNOWLEDGE

Financial Accounting and Reporting:

B14. Researches, evaluates, and advises on the appropriate accounting treatment for ECA or PCA Number
complex transactions
Tasks: Assessors signature
Researches appropriate sections of the CICA Handbook to determine proper
accounting and disclosure under GAAP (e.g., for complex areas such as step-by-step
acquisitions, hedging, encumbrances and endowment trusts, financial instruments). Date signed
Reviews source documents and ensures sufficient information is available to make
decisions.
Considers substance over form when deciding on appropriate treatment. Comments
Collaborates with colleagues as necessary to resolve ambiguity in unfamiliar
situations.

B15. Ensures the reliability of financial information ECA or PCA Number

Tasks:
Identifies the type, detail, and timing of financial information needed to support the Assessors signature
organizations decision-making at strategic, tactical, and operational levels.
Designs accounting systems to ensure that information generated is verifiable,
neutral, and representationally faithful with respect to the underlying transactions. Date signed
Performs reconciliations of accounts, schedules, and transactions (e.g., pension plan
reconciliations, vendor/customer reconciliations, bank reconciliations).
Reviews source documents and ensures that supporting documentation is accurate, Comments
complete, and understandable, to support the reliability of information.
Reviews transactions and investigates inconsistencies, unexpected results or trends,
and other signs of possible error, fraud, or illegal acts.

B16. Prepares financial statements appropriate for the users ECA or PCA Number
Tasks:
Distinguishes between the needs of various financial statement users, such as Assessors signature
management, shareholders, creditors, members, government agencies, etc.
Prepares corporate financial statements that fairly present the entitys financial
performance and position in accordance with Canadian GAAP. Date signed
Interprets note disclosure requirements and ensures adequate and appropriate note
disclosure considering the users of the financial statements and Canadian GAAP
(e.g., advises on discretionary note disclosure that enhances full and fair Comments
presentation in the statements).
Prepares budget statements, pro forma information, and short- and long-term
forecasts.
As appropriate, prepares or drafts corporate financial statements that fairly present
the entitys financial performance and position in accordance with US or
international GAAP.
Prepares government financial statements in accordance with public sector
accounting standards.
Evaluates financial statements as a whole, and explains results and balances in the
context of the organizations business, activities, and performance.
Assists in the preparation of information to be included in the annual report, and
reviews information for inconsistencies with the financial statements.
B17. Evaluates and advises on accounting policies and procedures in accordance with ECA or PCA Number
professional standards
Tasks: Assessors signature
Decides on the appropriate basis of accounting (e.g., Canadian GAAP, International
Financial Reporting Standards or another basis for special purpose financial
reporting). Date signed
In accordance with the basis of accounting, evaluates alternative acceptable policies
and procedures to determine which is most appropriate in the circumstances (e.g.,
appropriate accounting standards for business combinations, joint ventures, Comments
international activities, research and development).
Advises management on appropriate policies and procedures to comply with
professional standards and meet the stakeholders financial reporting needs.

B18. Evaluates and advises on financial accounting and related system ECA or PCA Number
Tasks:
Evaluates or advises on a chart of accounts, journals, ledgers, and subledgers Assessors signature
relevant to the clients organization.
Evaluates or advises on databases or other systems to capture relevant cost
information. Date signed
Evaluates systems such as cash management, accounts payable, accounts receivable,
credit control, or inventory control.
Demonstrates an understanding of the sources and methods of obtaining the inputs Comments
needed for a system to function effectively.
Works with internal and external stakeholders to ensure complete financial
information is obtained and recorded.
Makes recommendations to clients or employers with respect to designing,
purchasing/building, and implementing financial accounting and related systems, or
improving existing systems.

Taxation:

B19. Determines taxpayer's tax liability ECA or PCA Number

Tasks:
Correctly classifies income from various sources, and determines the deductibility of Assessors signature
expenses and eligibility for tax credits and elections.
Prepares and/or reviews personal income tax returns.
Prepares and/or reviews corporate income tax returns. Date signed
Determines tax payment requirements and installment schedules.
Prepares and/or reviews GST, PST, or HST filings.
For more complex issues, such as corporate reorganizations, SR&ED claims, Comments
deceased taxpayer or part-year resident returns, trust returns, etc., researches
issues and drafts calculations or returns for review by an experienced tax
professional.
B20. Determines taxpayer's taxation and regulatory requirements and exposure ECA or PCA Number
Tasks:
Interprets tax filing requirements in accordance with the Income Tax Act and other Assessors signature
legislation.
Evaluates the applicability of taxation rules and regulations as they relate to the
organization (e.g., considers the organizations legal form and residency, and Date signed
evaluates resulting exposure to income, capital and commodity tax).
Informs client businesses with respect to payroll taxes and other deductions that
must be made to meet tax regulations. Comments
Demonstrates a basic knowledge of common tax treaties between Canada and other
countries and other international tax rules and regulations as they apply to Canadian
taxpayers.

B21. Evaluates tax implications of proposed and completed transactions ECA or PCA Number
Tasks:
Considers a clients planned activities and transactions from a tax perspective and Assessors signature
with a view to maximize after-tax returns.
Investigates possible alternative courses of action to meet the desired outcome of a
transaction with improved tax consequences (e.g., with respect to timing or Date signed
structuring of the transaction).
Demonstrates an understanding of common special elections, reporting
requirements, and withholding taxes. Comments
Collaborates with more experienced colleagues where needed to evaluate
alternatives and assess complex situations.

B22. Ensure compliance with all tax reporting and filing requirements ECA or PCA Number
Tasks:
Advises on deadlines and/or ensures that all filing requirements have been met for Assessors signature
taxes, elections, and withholding taxes.
Confirms the accuracy of all information and forms used in tax returns and special
elections prior to filing the returns. Date signed
Prepares or assists with information, charity, and not-for-profit returns.
Prepares sufficient research and working paper documentation to support
interpretations, filing positions, plans and transactions in the case of objections, Comments
appeals and litigation.
Collaborates with more experienced colleagues where needed to evaluate alternate
filing positions and assess complex situations.
Implements or advises on processes to monitor deadlines and filing requirements
and ensure they are met, including the timely review of assessments and
reassessments.
General Business:

B23. Identifies and analyzes risk factors ECA or PCA Number

Tasks:
Identifies and assesses the significance and impact of relevant risk factors on the Assessors signature
business.
Identifies and assesses the significance and impact of relevant risk factors as they
relate to tax planning. Date signed
Identifies and assesses the significance and impact of relevant risk factors as they
relate to considering financing arrangements.
Considers and discusses the significance and impact of failing to implement an Comments
effective risk management program.

B24. Advises on issues of corporate governance ECA or PCA Number

Tasks:
Understands and explains the role of the Board of Directors, the Audit Committee, Assessors signature
and other key elements of the entitys governance structure.
Advises on the general accountability of an organizations Board of Directors.
Demonstrates an understanding of the independence requirements for audit Date signed
committees.
Advises on corporate governance principles and best practices.
Evaluates the entitys governance structure and suggests improvements. Comments
Develops an understanding of the Boards (or other governing bodys) leadership
and self-assessment processes, such as processes to:
- select and provide guidance to the CEO
- ensure the Board has an effective and constructive relationship with management
- ensure that the Board and its committees have sufficient breadth and depth of
knowledge and experience
- ensure that relevant and current information is available to evaluate performance
and make strategic decisions in light of the changing operating environment.
Considers and discusses the extent to which the audit committee is meeting its
responsibilities, for example with respect to overseeing the financial reporting
process, communicating with the auditors and other external advisors, and
monitoring performance and compliance with regulatory requirements and ethical
standards.
Considers and discusses the extent to which the entitys structure, decision-making
and accountability processes support management in meeting its stewardship
responsibilities.
Examines the entitys stated ethical values and the extent to which these values are
communicated, developed, accepted, and reinforced through codes, policies, and
the tone from the top.
Considers and discusses the extent to which the organizations mission, strategic
direction, operational decisions, and rewards systems reflect its stated ethical
values, and the impact on the organizations ability to achieve its mission.
B25. Uses technological tools in the workplace ECA or PCA Number
Tasks:
Researches and implements appropriate hardware and software tools for operations Assessors signature
(e.g., working paper and financial statement preparation software for assurance, tax
preparation software, ERP software, online knowledge bases).
Demonstrates proficiency in common office productivity applications (e.g., word Date signed
processing, spreadsheets, presentation software, and the Internet for
communications and information research).
Attends PD seminars, meetings, or special interest groups on topics related to the Comments
use of technological tools in the workplace.
Uses statistical risk measurement tools (e.g., such as to calculate variance,
covariance, linear regression, sampling, probability analysis, and linear
programming).

PART III: ADDITIONAL PRACTICAL EXPERIENCE AND CANDIDATE CERTIFICATION

Identify any other relevant practical experience that you have performed, but was not identified in Part II. Clarify any other
experiences that you believe should be considered in your experience assessment (attach a separate sheet and/or formal job
description if necessary).

Candidate's Certification
I certify that the information in this record is correct and complete and I understand that I must satisfy the Association's competency
assessment and time-based requirements in order to be eligible to be granted a public accounting licence. I further acknowledge
that the information provided is subject to audit and hereby authorize the Association to discuss my experience with any of the
Assessors that I have included in Part IV or with my Supervising Licensee, who has completed Part V.

Candidate's signature Date

PART IV: ASSESSOR IDENTIFICATION AND CERTIFICATION

Assessors: Please read the Assessor's Certification below and complete the identifying information that follows. Note that candidate
records are confidential and will be retained in CGA Ontario's member files once submitted by the candidate. Any information
supplied by you in this record will only be used to attest to the candidate's demonstration of competence for a public accounting
licence.

If you are attesting to any of the competencies listed in Part II, Section A, of this record, you are required to indicate your authority
to assess under that section. Check the appropriate box to indicate whether you are a public accounting licensee in Ontario
("Licensee") or a public accountant qualified in another Canadian jurisdiction ("Other Canadian PA").

Assessor's Certification
By signing below, I am confirming that:
The candidate has demonstrated proficiency to me of all competencies that I have assessed and signed-off in Part II, Sections A
and/or B, of this record.
I am a designated professional and have sufficient knowledge of the candidate's work to be able to provide this assessment.
I understand that there may be disciplinary consequences from my professional body if any of the information that I provide in
this record is false or misleading.
I understand that I may be contacted by CGA Ontario to verify the information provided by me in this record.

Name Designation(s) Title

Organization Authority
Licensee Other
Signature Telephone or E-mail Date

Name Designation(s) Title

Organization Authority
Licensee Other
Signature Telephone or E-mail Date

Name Designation(s) Title

Organization Authority
Licensee Other
Signature Telephone or E-mail Date

Name Designation(s) Title

Organization Authority
Licensee Other
Signature Telephone or E-mail Date

Name Designation(s) Title

Organization Authority
Licensee Other
Signature Telephone or E-mail Date

CGA Ontario greatly appreciates your assistance in assessing the candidate's competence.
Thank you!
Part V: Verification by Registered Mentor

This final verification is to be completed by the public accounting licensee registered as the candidate's Mentor. This individual
should be familiar with the candidate's work, and should verify that the candidate has been assessed and approved on all
competencies in Part II. Final verification is required before the candidate can include this record with their licensing application.

Registered Mentor: Use the additional comments below to indicate any special circumstances or additional evidence you wish to
provide in relation to the candidate's completion of their pre-licensing experience requirements.

Additional comments:

Registered Mentor's Certification

By signing below my name I am confirming that:
I am a licensed accountant, as defined in the Public Accounting Act 2004.
I have been responsible for overall supervision of the candidate which includes:
- having maintained regular contact with the candidate;
- ensuring that the candidate has ECA and/or PCA forms to support each competency signed-off in Part II of this record; and
- regularly reviewing the candidate's progression in their practical experience and their integration of the public accounting
competencies they were developing.
I believe that the candidate is of good character and nothing has come to my attention that causes me to believe that the
candidate should not be granted a public accounting licence.
I understand that I may be contacted by CGA Ontario to verify the information provided by me in this record.
I understand that there may be disciplinary consequences from my professional body if any of the information that I provide in
this record is false or misleading.

Name
Signature Date