Requirements to Provide Regulated Services

Members who have met the education, examination and practical experience requirements are eligible to apply to register a firm to provide regulated services. Applications to provide these services are reviewed by the Registration Committee.

The requirements, by stream, for those candidates completing the CPA certification program are as follows:

	Audit Stream	Review Stream	Compilation Stream	Other Regulated Services Stream
Education	Candidates must successfully complete Assurance and Tax electives.	Candidates must successfully complete Assurance and Tax electives.	Candidates must successfully complete the Tax elective.	Candidates are strongly advised to complete the Tax elective.
Examination	Candidates must demonstrate depth in Financial Reporting and Assurance on the Common Final Examination (CFE).	Candidates must demonstrate depth in Financial Reporting and Assurance on the Common Final Examination (CFE).
Practical Experience	Candidates must complete their 30 month work term at a Pre-Approved Route program established for the audit stream. Candidates must obtain at least 1,250 chargeable hours in assurance, of which a minimum of 625 hours should be obtained in the audit of historical financial information.	Candidates must complete their 30 month work term at a Pre-Approved Route program established for the review or audit stream. Candidates must obtain at least 1,250 chargeable hours in assurance, of which a minimum of 625 hours should be obtained in the review of historical financial information.	Candidates can complete their period of experience at either a Pre-Approved Route employer established for audit stream or review stream or through an experience verification route gained in a CPA office registered to offer public accounting services. Candidates must obtain at least 625 chargeable hours in compilation engagements.	Candidates can complete their period of experience at a Pre-Approved Route employer established for audit stream or review stream or through an experience verification route gained in a CPA office registered to offer public accounting services.

Additionally, any member providing services through a currently registered firm in which the member has overall responsibility for engagements in a certain stream, is also required to meet the education and practical experience requirements. Members must be assessed as eligible by CPA Manitoba prior to providing such services.

Processing of applications to provide public accounting services and registration of a firm require approximately 6 weeks.

Bridging Requirements
Members who qualified as a CPA through a route other than public accounting can qualify to practice public accounting post-certification. The profession has developed bridging requirements for these members

Bridging requirements have also been developed for legacy (CA, CGA, CMA) members who have not previously qualified to provide public accounting services but wish to provide these services:

Additional information on bridging requirements can be found on CPA Canada’s website.

Re-entry Requirements
Re-entry provisions are for those members who left public accounting for a period of five years or more and for those that ceased providing services in a particular stream of public accounting for a period of five years or more and wish to re-enter the same stream.

Members who left public accounting for a period of less than five years and those that have not provided services in a particular stream for a period of less than five years are not subject to re-entry requirements.*

*Members are reminded of their obligation to comply with the Code of Professional Conduct. Specifically, members should be mindful of Rule 203 Professional Competence in considering re-entering a stream of public accounting after an absence of less than five years. As a result, members may need to complete professional development courses in the area of intended practice to satisfy this Rule.

Access Re-entry Requirements for CPAs Taking Time Out of Public Accounting.

Moving Streams
Requirements for moving streams relate to members who wish to provide services in a stream for which they have not previously qualified (e.g. qualified for Review stream at time of CPA certification but now wish to provide Audit stream services).

Access Bridging Requirements for CPAs Seeking to Change a Registered Stream.