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Chartered Accountant Reciprocity Examination
Download the 2010 CARE course and exam enrolment form Information Regarding Transfer of Foreign Designations Please note that all CARE students who DO NOT have a CICA Handbook must contact the CICA offices directly to obtain one. You should make arrangements with the CICA offices in Toronto directly as the provincial institutes do not handle such orders. Check their website at www.cica.ca, Services & Products, CICA Handbook, or call them at 1-800-268-3793. To become a Chartered Accountant in British Columbia, a member in good standing of an accounting body outside Canada that has signed a Mutual Recognition Agreement (MRA) with the CICA and the provincial and territorial CA institutes of chartered accountants must first apply to the Institute to become a membership candidate and must fulfil the Chartered Accountancy Reciprocity Examination (CARE) and practical experience requirements prescribed by the Institute’s Council. The CARE is the means by which the provincial and territorial CA institutes measure the requisite professional competence, in a Canadian context. Specifically, the CARE examines candidates on their knowledge of Canadian taxation, Canadian business law and the Canadian CA profession’s rules of professional conduct. The successful completion of the CARE by a membership candidate is required in order to qualify for admission to membership in the Institute, to use the Chartered Accountant designation and CA initials in British Columbia, and to hold out to be or to offer services as a Chartered Accountant in British Columbia. If you intend to work in public practice in British Columbia in the role of lead engagement person on assurance and compilation engagements, please contact Stephanie Langley, ICABC Registrar at langley@ica.bc.ca or 604-488-2636. The New Care In keeping with the global move to International Financial Reporting Standards, beginning in 2010 the CARE will no longer test a candidate’s knowledge of any significant differences between Canadian accounting and assurance standards and those of a candidate’s home country. As a result, the CARE will consist of one four-hour, 100-multiple-choice-question, non-disclosed examination that covers Canadian taxation (50 marks), Canadian business law (20 marks) and the rules of professional conduct (30 marks). The CARE tests knowledge, comprehension and limited application of knowledge but not higher-order skills. The CARE remains a closed-book examination, in that membership candidates are not permitted to bring any reference materials with them into the examination writing centre. However, please note that the CARE is now non-disclosed in that the examination booklets are collected at the writing centres and the examination questions and solutions are not published. Practice sets of multiple choice questions will be available to candidates who are registered for the CARE Preparatory Program to help them prepare. Care Preparation The Institute will host a CARE Preparation Program that will be held at the Institute’s offices, 5th Flr, 505 Burrard Street, Vancouver, from Monday September 20 to Thursday September 23, 2010. Candidates who wish to have more information about the course should contact Audrey Ong, at 604-488-2641 or 1-800-663-2677 or by email ong@ica.bc.ca The CARE Preparation Program will cover Canadian taxation, Canadian business law and the rules of professional conduct over a three and a half-day course. Participants will be given a practice multiple-choice-question examination with commented solutions as a take-home exercise. A list of useful reference materials can be found here. Note: The CARE course is also held in Toronto in August. Information about the Toronto offering can be obtained by calling the Institute of Chartered Accountants of Ontario directly at 416-962-1841 or checking their website at www.icao.on.ca Registration Due Dates CARE Preparation Program Registration will be allowed until August 20, 2010 without a late fee. CARE Exam The completed registration form and examination fee is due at the Institute no later than 5:00 p.m. on Friday September 17, 2010. A late registration fee of $50.00 will be applicable for forms received at the Institute after Friday September 17, 2010 and before 5:00 p.m. on Friday October 15, 2010.
Examination Dates, Time and Location The 2010 CARE will be held on Monday October 25, 2010 from 9:00 a.m. - 1:00 p.m. in the ICABC Council Room, at 5th Flr, 505 Burrard Street, Vancouver. Release of Results Results are reported as successful or unsuccessful. No alpha or numeric grade is given. The results of the CARE will be mailed to membership candidates on December 10, 2010. The names of the successful membership candidates will be posted on the Institute website on December 10, 2010, after 10:00 a.m. Membership candidates may call the Institute after the website release, if they wish to receive a verbal result. Care Examinable Standards and Examinability Dates For detailed coverage of the CARE, please download the 2010 CARE Brochure. You can expect the 2010 CARE to cover the following materials to the extent that it is integral to the demonstration of your knowledge of Canadian taxation, Canadian business law and the rules of professional conduct. Federal Taxation Legislation
Business Law, Rules of Professional Conduct and Council Interpretations
You are not responsible for Provincial tax legislation or tax law applicable only to specific industries. Queries Questions concerning the Care Preparatory Program should be directed to Audrey Ong, at 604-488-2641 or ong@ica.bc.ca General questions related to Reciprocity Eligibility, Membership Candidacy and Registration for CARE should be directed to Stephanie Langley, Registrar, at 604-488-2636 or langley@ica.bc.ca. |
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