The Advanced Certificate in Accounting (ACAF) was designed by the Canadian CPA profession and launched in 2015. In September 2017, the profession determined that post-secondary institutions were well-positioned to deliver the full suite of entry, technical, and applied courses for the ACAF program. This expanded delivery was intended to provide improved access and convenience for students, with CPA Canada administering the national exam.
While the CPA profession stands behind the quality of the ACAF program, it has not gained traction in the market, suggesting that other accounting diploma programs across the country are meeting the existing market needs. For this reason, the CPA profession will begin winding down its involvement with the ACAF program effective immediately. The profession will work with post-secondary partners to ensure that students near completion of the ACAF certificate will have an opportunity to finish outstanding coursework and write the last ACAF exams in September 2019, January 2020, and February 2021.
Students who are part-way through the program will be able to transition to the accounting program offered by their post-secondary institution. Students currently enrolled in the ACAF program should contact their school for more information regarding courses and program transition.
This change will have no impact on the CPA professional education program or CPA preparatory courses. For more information, contact your post-secondary institution or provincial CPA body.