evolution of the cpa competency map and implications for ... · evolution of the cpa competency map...
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Evolution of the CPA Competency Map and Implications for Post-Secondary Institutions
Lara Greguric, CPA, CA, MA Executive Vice President, LearningCPA Western School of Business
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Agenda
• Background
• 2018 Changes
• 2019 Changes
• Future Changes
• Articulation
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Background
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Purpose
Entry-level competency expectations
Candidates PSIs Employers
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Interrelationship of Competencies
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Competency Map Committee
• Assesses adequacy of CPA Competency Map and recommends changes
• Volunteer committee• National representation• Academics• Employers• CPA Canada staff
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Competency Map Timeline
2013 2018 2019 Future
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2018 Changes
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• Data Analytics and Information Systems
• Taxation
• Entry-level learning outcomes
• Combined Competency Map and Knowledge Supplement
2018 Changes
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Component Implementation Date
CPA Preparatory Courses Throughout 2019 and 2020
CPA PEP January 2019
Common Final Examination September 2020
Accredited CPA PEP programsand recognized CPA prerequisitecourses
September 2021
Implementation of 2018 Changes
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Data Analytics and Information Systems Resources
Course Sample IT Questions to be Made Available
Sample Big Data Questions Using Power BI to be Made Available
Taxation April 2019 March 2020
Intermediate Financial Reporting 2
July 2019 July 2020Audit and Assurance
Information Technology
Intermediate FinancialReporting 1
September 2019 September 2020Advanced Financial Reporting
Intermediate Management Accounting
Corporate FinanceDecember 2019 December 2020
Performance Management
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2019 Changes
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• Enabling competencies
• Data Analytics and Information Systems
• Interactive online map
• Signaling for future changes
• Other minor improvements
2019 Anticipated Changes
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As technological and other fundamental changes continue to
disrupt the workplace, it will be members’ professional skills
(enabling competencies) that enable the profession to emerge
even stronger.
- Competency Framework Task Force
Enabling Competencies
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1. Professional and Ethical Behaviour
2. Problem Solving and Decision Making
3. Communication
4. Self-Management
5. Teamwork and Leadership
Enabling Competencies1. Acting Ethically and
Demonstrating Professional Values
2. Leading
3. Collaborating
4. Managing Self and Others
5. Adding Value
6. Solving Problems and Making Decisions
7. Communicating
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Leading2.1 Strategic focus 2.1.1 Applies knowledge of the organization’s competitive environment
and strategic direction when performing assigned work
2.1.2 Assists managers and works on teams to support business-andfunctional-level strategy planning, implementation or monitoring
2.1.3 Identifies the strategic impact of internal decisions and externalinfluences on project plans and initiatives
2.2 Risk management 2.2.1 Assists in identifying and monitoring risks within areas of workresponsibility
2.2.2 Assesses internal controls within areas of work responsibility
2.3 Organizational culture advocacy 2.3.1 Aligns behaviour with workplace norms, while complying withprofessional ethics and values
2.3.2 Recognizes the importance of organizational culture
2.4 Influence and consensus building 2.4.1 Promotes and gains support for ideas within areas of workresponsibility
2.4.2 Refers to internal policies and procedures and obtains input abouthow to handle disagreement
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Adding Value
5.1 Business context 5.1.1 Applies general business knowledge1 to enhance work performed
5.1.2 Recognizes the interrelationships among departmental and functionalareas within the organization
5.1.3 Develops and uses knowledge of the organization, industry andstakeholders
5.2 Creativity and innovation 5.2.1 Uses existing knowledge in new or different ways
5.2.2 Uses brainstorming or other techniques to generate ideas
5.2.3 Accepts that success of innovative ideas is not guaranteed
5.3 Performance evaluation andaccountability
5.3.1 Assists in identifying opportunities for process, product and serviceimprovements related to work functions
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Managing Self and Others
4.1 Adaptability and resilience 4.1.1 Exhibits persistence -and seeks assistance when faced withuncertainty and setbacks
4.1.2 Recognizes and seeks to manage own emotional reactions tochange
4.2 Initiative 4.2.1 Proactively acquires new knowledge and skills to perform assignedwork
4.2.2 Seeks greater levels of responsibility
4.2.3 Recommends more efficient methods for performing assignedwork
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• Additional feedback received on 2018 changes
• Refinements in response to feedback
Data Analytics and Information Systems
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• Greater visibility into interrelationship between competencies, learning outcomes, and knowledge lists
• Ability to filter content by various attributes
• Available late summer 2019
Interactive Online Map
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• Sustainability
• Audit and assurance
Signaling for Future Changes
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• The three “C’s”• Corrections• Clarity• Currency
Other Minor Improvements
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• CMC to release outreach package end of May
• Stakeholders will be invited to provide feedback via survey by June 30th
• CPA Western School of Business to hold webinars in June
Outreach
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Future Changes
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Future Changes
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Articulation
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• Process of reviewing, assessing and approving prerequisite learning for admission to the CPA PEP
Articulation
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Recognition Standards
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Current articulation tool
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Outcome of articulation
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• Full articulation process: 16 months
• Time from sharing tool with PSIs to receiving submitted tool: 10 months
• Time from receiving submitted tool to CPA approval: 6 months
• Emails between PSIs and CPA: 25 emails
Statistics
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BC Experience
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Feedback from Post-Secondary Institutions
Acsenda CollegeAthabasca UniversityBCITBrock UniversityBurman UniversityCarleton UniversityCoast Mountain CollegeCollege of New CaledoniaColumbia Institute of TechnologyDouglas CollegeFanshaw CollegeGeorge Brown CollegeHumber CollegeKwantlen Polytechnic UniversityLakehead CollegeLakeland CollegeLangara CollegeMacEwan UniversityMcMaster UniversityMedicine Hat CollegeMount AllisonMount Royal University
Mount Saint Vincent UniversityNAITNorquest CollegeNorth Island CollegeOkanagan CollegePortage CollegeProvidence University CollegeQueens UniversityRed Deer CollegeRoyal Military CollegeRyerson UniversitySaint Mary’s UniversitySaskatchewan PolytechnicSelkirk CollegeSheridan CollegeSimon Fraser UniversityThe Kings UniversityTrent UniversityUniversity Canada WestUniversity College of the NorthUniversity de Saint-BonifaceUniversity Of Alberta
University of BCUniversity of CalgaryUniversity of GuelphUniversity of LethbridgeUniversity of ManitobaUniversity of New BrunswickUniversity of OttawaUniversity of ReginaUniversity of SaskatchewanUniversity of the Fraser ValleyUniversity of TorontoUniversity of VictoriaUniversity of Western OntarioUniversity of WindsorUniversity of WinnipegVancouver Island UniversityWaterloo UniversityYellowquill CollegeYork University
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Feedback from Post-Secondary InstitutionsSatisfaction with the process
Satisfied Neutral Dissatisfied
Time taken 32% 32% 36%
Communications 42% 22% 36%
Quality of feedback 47% 34% 19%
Clarity of instructions 45% 29% 26%
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Feedback from Post-Secondary InstitutionsSatisfaction with the tool
Satisfied Neutral Dissatisfied
Complexity 34% 44% 22%
Time taken 32% 38% 30%
Clarity of instructions 37% 53% 10%
Format 40% 44% 16%
Application to PSI 44% 46% 10%
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Feedback from Post-Secondary InstitutionsKey issues• Time taken• Limited value• Service standards: responsiveness of CPA staff• CPA staff skill level: inconsistent, lack of knowledge• Complexity of tool/knowledge supplement• Lack of judgment: disagreements in assessment• Academic freedom• Update process• Time to amend courses• PSI expertise is scattered – many departments involved• Spreadsheet errors• Communication not clear on action• Transparency• Confusion on process initiation
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Feedback from CPA StaffKey issues• The process takes too long• The articulation tool is too complex • The articulation tool is not user friendly• Lack of judgement (ability to cater to user needs)• CPA and PSI staff skill level• Waiting for responses
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• Dissatisfaction with process from post-secondary institutions• Dissatisfaction with process from staff • CPA Competency Map Committee feedback that current
process is overbuilt
Summary
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Consists of the following:
• Map to courses• Risk-based: more focus on PSIs with limited history with CPA
profession• Data-driven: module results and other data• Streamlined update process
Solution
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Current vs. Proposed Future State
Current Future
Over 100 pages to be completed for articulation
1-2 pages to be completed for articulation
Response time varies 2 day response time
10 months for PSIs to complete tool Unknown (anticipate no more than 6 months)
6 months for profession to approve Maximum 60 day approval
Many PSIs use full tool for changes All PSIs use update tool for changes
Evaluation approach Partnership approach
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• Webinar – September 2019
• Implementation – January 2020
Next Steps
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?
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Thank you