CPA Professional Education Program

The CPA Professional Education Program (CPA PEP) is a part-time, graduate-level program.

Study at CPA Atlantic School

Overview

CPA PEP is comprised of a series of six modules focused on preparing CPA candidates for a career in business and accounting, targeted toward mid-level to management-level positions. 

The path through the six PEP modules is flexible with various start dates, choice of breaks, and two scheduled Common Final Exams each year.  The CPA PEP Pathways outline multiple options through the program.

Courses

To complete the CPA PEP, you must complete six modules and the Common Final Examination (CFE).

Two Core Modules

  • Core 1: focuses on financial accounting and reporting
  • Core 2: ​focuses on management accounting, planning, and control

Two Elective Modules (out of these four)

  • Performance Management
  • Taxation
  • Audit & Assurance
  • Finance

Two capstone modules

  • Capstone Integrative Module (Capstone 1)
    • ​Deepens strategic leadership competencies by using the knowledge acquired in prerequisite and earlier modules in a professional, team setting. You will complete a large business case, which relates to Day 1 of the CFE.
  • Capstone Examination Preparation Module (Capstone 2)
    • Focuses on preparing candidates for entry into the profession by applying competencies acquired throughout the CPA program in complex and highly integrative cases. You will develop your enabling competencies in situations which simulate real-life projects and assignments that newly certified CPAs may encounter in their careers.

Common Final Exam (CFE)

The Common Final Exam (CFE) is a three-day examination requiring candidates to demonstrate depth and breadth of competency development in accordance with the CPA Competency Map.

Course Sequence

Two Core Courses

Core 1: Financial Accounting and Reporting
Core 2: ​Management Accounting, Planning & Control

Two Elective Modules

Performance Management
Taxation
Audit & Assurance
Finance

Two Capstone Modules

Capstone Integrative Module (Capstone 1)
Capstone Examination Preparation Module (Capstone 2)

Flexible Pathway

The CPA Common Final Examination (CFE) and two Capstone courses are offered twice per year, as per the CPA PEP schedule expansion introduced nationally in 2020.

TRADITIONAL PATHWAY

The majority of candidates will take their courses in a linear sequence, focusing on one module per semester and taking breaks where their individual circumstances may require. While up to six years is allowable for PEP coursework, the most common timeframes are between 16 to 24 months. Within these rules, there is great flexibility to customizing the PEP path. Candidates can easily choose from various scheduling options and course modalities, including the fast-track and extended courses outlined below:

FAST-TRACK PATHWAY

Candidates have access to faster pathways by taking PEP Core 1 and Core 2 simultaneously and/or PEP Elective 1 and Elective 2 simultaneously. This option is generally of interest to candidates who are not working for a period of time and can dedicate an average of 40 hours per week to their CPA studies.

With this approach, candidates can complete their first four modules during two full-time terms (Core 1, Core 2, Elective 1, Elective 2) and then finish their final coursework in two additional part-time terms (Capstone 1, Capstone 2, and the CPA Common Final Exam) and allowing for shorter program combinations, as follows:

  • Summer start: 10-month CPA PEP path
  • Fall start: 11-month CPA PEP path
  • Spring start: 13-month CPA PEP path
  • Winter start: 16-month CPA PEP path

EXTENDED PATHWAY

For other candidates, flexibility is more important than speed. In support of this, CPA Atlantic School offers extended versions of Core 1, Core 2, and the four PEP electives every summer term and every winter term (i.e. every second PEP semester).

Candidates who would prefer a more generous timeline to study and absorb the course material may choose to take the extended modality, which comprises the same content and structure as the regular course, but over an extended 20-week offering rather than the usual eight weeks. Candidates can take the extended Core 1 on its own, or choose to simultaneously take extended Core 1 and Core 2 together, bringing average study time back up to approximately 20 hours per week. This is applicable to the PEP electives as well.

Visualizing your CPA PEP Path

Options for Core 1 and Core 2
Pathways
SEMESTER 1
SEMESTER 2
SEMESTER 3
SEMESTER 4
Regular
- Estimated 20 hours of weekly study
- One course over one semester
- Breaks are allowed between semesters
- Take up to 6 years for CPA PEP and CFE
Core 1
Core 2
Fast-Track
- Estimated 40 hours of weekly study
- Two courses over one semester
Core 1
Core 2
Extended
- Estimated 10 hours of weekly study
- One course over two semesters
Core 1
Core 2
Options for Elective 1 and Elective 2
pathways
SEMESTER 1
SEMESTER 2
SEMESTER 3
SEMESTER 4
Regular
- Estimated 20 hours of weekly study
- One course over one semester
- Take up to 6 years for CPA PEP and CFE
- Breaks are allowed between semesters
Elective 1
Elective 2
Fast-Track
- Estimated 40 hours of weekly study
- two courses over one semester
Elective 1
Elective 2
Extended
- Estimated 10 hours of weekly study
- One course over two semesters
Elective 1
Elective 2
Capstone Module and the CFE
pathways
SEMESTER 1
SEMESTER 2
SEMESTER 3
SEMESTER 4
Regular
- Back to back
- Lead into the Common Final Exam (CFE)
- Offered twice a year
Capstone 1
Capstone 2
CFE

Fees and Schedules

CPA PEP Fees

  • Eligibility Assessment fee for transcripts from institutions inside Canada, The United States, and Bermuda $125 (Non-refundable) +HST
  • Eligibility Assessment fee for transcripts from institutions outside Canada, The United States, and Bermuda $365 (Non-refundable) +HST
  • Program licensing fee $820 (Non-refundable) +HST
  • CPA annual candidate dues to be renewed on the anniversary of the initial CPA PEP registration $705 (Recurring) +HST
  • Late registration fee $200 +HST

  • Core 1 $1,585 + HST
  • Core 2 $1,325 + HST
  • Elective Module 1 $1,325 + HST
  • Elective Module 2 $1,325 + HST
  • Capstone 1 $1,325 + HST
  • Capstone 2 $1,325 + HST
  • Subtotal CPA PEP module tuition fees over the six modules $8,210 +HST

 

  • CPA PEP Challenge Exam* $415 + HST (Core 1, Core 2, and Electives only)
  • CPA PEP Re-Write Exam* $465 + HST
  • Late registration fee: $200 + HST
  • Workshop or Assignment Accommodation fee (per day) $155 + HST

*Not all students are eligible to re-write or challenge a CPA PEP module exam. Please visit this page and review the CPA Harmonized Education Policy (Vol.1) for the CPA PEP for additional information on challenge and re-write exam eligibility.

  • Course withdrawal prior to course start date (payment submitted): As outlined in student contract
  • Course withdrawal prior to course start date (payment not submitted): No fee
  • Course withdrawal after course start date (prior to 4th Friday): As outlined in student contract
  • Course withdrawal after course start date (after 4th Friday): No refund
  • Course deferral (prior to module start date): No fee
  • Course deferral (after module start date & prior to 4th Friday): $210 + HST
  • Exam withdrawal or deferral fee (applicable from date registration was submitted, regardless of payment status): $210 + HST

  • Core, Electives, and Capstone 1 Module result review fee $200 +HST
  • Audit of a module fee $625 +HST
  • Administrative appeal fee $415 +HST

  • CPA Official Transcript Request (current and former students): $25 +HST
  • Letter confirming enrollment in the CPA PEP: No charge

Please email registrations@cpaatlantic.ca to request a transcript or confirmation of enrollment letter.

  • Common Final Examination, 3-day exam $1,560 +HST
  • Common Final Exam Deferral Fee $210 + HST

  • Day 1 only $675 +HST
  • Day 2 and day 3 only $1,195 +HST
  • All 3 days $1,560 +HST

  • Day 1 appeal only $225 +HST
  • Day 2 and day 3 appeal only $450 +HST
  • All three days appeal $675 +HST

  • Day 1, PAR only $350 +HST
  • Days 2 and 3, PAR only $700 +HST
  • Days 1, 2, and 3, PAR only $1,050 +HST
  • Appeal and PAR (day 1 only) $575 +HST
  • Appeal and PAR (day 2 and day 3 only) $1,150 +HST
  • Appeal and PAR (all 3 days) $1,725 +HST

CPA PEP Schedules

Course and exam Registration deadline Re-write and Challenge Registration Deadline Start Date Workshops Exam Date and Time (AST)* Results released* Appeals deadline*
Core 1 Sept. 16 Oct. 17 Oct. 15 Orientation: Oct. 15-16 Workshop: Nov. 19-20 Dec. 15 Jan. 13 Jan. 17
Core 2 Sept. 16 Oct. 17 Oct. 15 Nov. 26-27 Dec. 14 Jan. 13 Jan. 17
Performance Management Sept. 16 Oct. 17 Oct. 15 Oct. 22-23 Dec. 15 Jan. 13 Jan. 17
Assurance Sept. 16 Oct. 17 Oct. 15 Oct. 29-30 Dec. 15 Jan. 13 Jan. 17
Finance Sept. 16 Oct. 17 Oct. 15 Nov. 5-6 Dec. 14 Jan. 13 Jan. 17
Taxation Sept. 16 Oct. 17 Oct. 15 Nov. 12-13 Dec. 14 Jan. 13 Jan. 17
Common Final Exam June 17 June 17 N/A N/A Sept. 7-9 Nov. 25 N/A

Course and exam Registration deadline Re-write and Challenge Registration Deadline Start Date Workshops Exam Date and Time (AST)* Results released* Appeals deadline*
Core 1 Jan. 3 Jan. 30 Jan. 28 Orientation: Jan. 28-29 Workshop: March 4-5 Mar. 30 Apr. 14 Apr. 18
Core 1 Extended Jan. 3 N/A Jan. 28 Orientation: Jan. 28-29 Workshop: Apr. 29-30 June 29 July 14 July 18
Core 2 Jan. 3 Jan. 30 Jan. 28 Mar. 11-12 Mar. 29 Apr. 14 Apr. 18
Core 2 Extended Jan. 3 N/A Jan. 28 May 13-14 June 28 July 14 July 18
Performance Management Jan. 3 Jan. 30 Jan. 28 Feb. 4-5 Mar. 30 Apr. 14 Apr. 18
Performance Management Extended Jan. 3 N/A Jan. 28 Feb. 11-12 June 29 July 14 July 18
Assurance Jan. 3 Jan. 30 Jan. 28 Feb. 11-12 Mar. 30 Apr. 14 Apr. 18
Assurance Extended Jan. 3 N/A Jan. 28 March 4-5 June 29 July 14 July 18
Finance Jan. 3 Jan. 30 Jan. 28 Feb. 18-19 Mar. 29 Apr. 14 Apr. 18
Finance Extended Jan. 3 N/A Jan. 28 March 25-26 June 28 July 14 July 18
Taxation Jan. 3 Jan. 30 Jan. 28 Feb. 25-26 Mar. 29 Apr. 14 Apr. 18
Taxation Extended Jan. 3 N/A Jan. 28 Apr. 8-9 June 28 July 14 July 18
Capstone 1 Jan. 3 N/A Jan. 21 Jan. 21-22 Mar. 17-23 Mar. 24 N/A

Course and exam Registration deadline Re-write and Challenge Registration Deadline Start Date Workshops Exam Date and Time (AST)* Results released* Appeals deadline*
Core 1 Mar. 31 May 1 Apr. 29 Orientation: Apr. 29-30 Workshop: June 3-4 June 29 July 14 July 18
Core 2 Mar. 31 May 1 Apr. 29 June 10-11 June 28 July 14 July 18
Performance Management Mar. 31 May 1 Apr. 29 May 6-7 June 29 July 14 July 18
Assurance Mar. 31 May 1 Apr. 29 May 13-14 June 29 July 14 July 18
Finance Mar. 31 May 1 Apr. 29 May 20-21 June 28 July 14 July 18
Taxation Mar. 31 May 1 Apr. 29 May 27-28 June 28 July 14 July 18
Capstone 1 Mar. 31 N/A May 6 May 6-7 July 1-6 July 17 N/A
Capstone 2 Mar. 31 N/A Apr. 1 Apr. 1-2 N/A May 19 N/A
Common Final Exam Mar. 3 May 3 N/A N/A May 30 - June 1 TBA N/A

Course and exam Registration deadline Re-write and Challenge Registration Deadline Start Date Workshops Exam Date and Time (AST)* Results released* Appeals deadline*
Core 1 June 23 July 24 July 22 Orientation: July 22-23 Workshop: Aug. 26-27 Sept. 21 Oct. 6 Oct. 11
Core 1 Extended June 23 N/A July 22 Orientation: July 22-23 Workshop: Oct. 21-22 Dec. 14 Jan. 12 Jan. 16
Core 2 June 23 July 24 July 22 Sept. 2-3 Sept. 20 Oct. 6 Oct. 11
Core 2 Extended June 23 N/A July 22 Nov. 4-5 Dec. 13 Jan. 12 Jan. 16
Performance Management June 23 July 24 July 22 July 29-30 Sept. 21 Oct. 6 Oct. 11
Performance Management Extended June 23 N/A July 22 Aug. 12-13 Dec. 14 Jan. 12 Jan. 16
Assurance June 23 July 24 July 22 Aug. 5-6 Sept. 21 Oct. 6 Oct. 11
Assurance Extended June 23 N/A July 22 Aug. 26-27 Dec. 14 Jan. 12 Jan. 16
Finance June 23 July 24 July 22 Aug. 12-13 Sept. 20 Oct. 6 Oct. 11
Finance Extended June 23 N/A July 22 Sept. 16-17 Dec. 13 Jan. 12 Jan. 16
Taxation June 23 July 24 July 22 Aug. 19-20 Sept. 20 Oct. 6 Oct. 11
Taxation Extended June 23 N/A July 22 Sept. 30 - Oct. 1 Dec. 13 Jan. 12 Jan. 16
Capstone 2 June 16 N/A July 15 July 15-16 N/A Sept. 1 N/A

Course and exam Registration deadline Re-write and Challenge Registration Deadline Start Date Workshops Exam Date and Time (AST)* Results released* Appeals deadline*
Core 1 Sept. 15 Oct. 16 Oct. 14 Orientation: Oct. 14-15 Workshop: Nov. 18-19 Dec. 14 Jan. 12 Jan. 16
Core 2 Sept. 15 Oct. 16 Oct. 14 Nov. 25-26 Dec. 13 Jan. 12 Jan. 16
Performance Management Sept. 15 Oct. 16 Oct. 14 Oct. 21-22 Dec. 14 Jan. 12 Jan. 16
Assurance Sept. 15 Oct. 16 Oct. 14 Oct. 28-29 Dec. 14 Jan. 12 Jan. 16
Finance Sept. 15 Oct. 16 Oct. 14 Nov. 4-5 Dec. 13 Jan. 12 Jan. 16
Taxation Sept. 15 Oct. 16 Oct. 14 Nov. 11-12 Dec. 13 Jan. 12 Jan. 16
Common Final Exam June 16 June 16 N/A N/A Sept. 12-14 TBA TBA

CPA PEP Facts

Modern

The CPA PEP prepares candidates for a career in business, not just accounting. The program focuses on developing competencies in a number of areas including management, communications and business ethics.

Nationally developed

CPA PEP is nationally developed by CPA Canada and delivered locally by CPA Atlantic School of Business in Atlantic Canada and Bermuda. The program is designed to prepare candidates with the professional knowledge and skills for business and accounting, in compliance with lnternational Federation of Accountants Canada (IFAC) standards for professional accounting bodies.

Hands On

During their pre-accreditation path (and mainly concurrent with their studies) candidates have a requirement to gain paid practical experience, during which candidates demonstrate that they have gained the professional knowledge, skills, values, ethics and attitudes required for entry to the CPA profession. Candidates may track their practical experience before, during, and/or after their CPA PEP studies.

Affordable

CPA PEP maintains one of the lowest tuition rates for a professional, post-graduate education program at less than half the price of a post-graduate degree from a Canadian university.

Flexible

CPA Atlantic School offers multiple entry points per year into the CPA PEP. All paths allow candidates to work around their personal schedules and towards their career goals while working towards the Common Final Examination (CFE). The program is part-time to allow candidates the opportunity to work full-time throughout their studies and study where they want, when they want.

Accessible

CPA PEP uses a combination of eLearning with face-to-face workshop instruction and examinations. Workshops and exams are available throughout the Atlantic provinces and Bermuda, and CPA PEP instruction and courses are offered in both official languages.

The CPA designation gives you the set of skills to do anything.
Lindsay Power, CPA, CMA, MBA
Senior Business Analyst - Strategic Projects, StandardAero
You have this massive family of CPAs on which you can lean on and use as much as you can, as often as you can.
Craig Farewell, CPA
Co-owner & Director of Operations, Banished Brewing & Brewdock
The skills you acquire through the CPA program prepare you to lead in any organization and in any industry.
Courtney Burns, CPA
President and CEO, Greater Moncton International Airport Authority Inc.
It’s the differentiator when someone has a stack of resumes. People with a CPA designation will stand out.
Leah Boody, CPA, CMA
President, Pineapple Bytes
The CPA designation first ignited my entrepreneurial spirit. It certainly helped me get to where I am right now.
David Arsenault, CPA
President, Arsenault Properties

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e. ns-advisor@cpaatlantic.ca
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Lori-Lydia Loveless
e. nl-advisor@cpaatlantic.ca
bm-advisor@cpaatlantic.ca
t. 709.753.3090

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