Update on Capstone 1 cases tested on upcoming CFEs

Learn about the Capstone 1 business cases available for the upcoming Common Final Examinations.

January 24, 2020

Given the circumstances surrounding the September 2019 CFE and the remedies offered to unsuccessful writers, the profession will make a couple of exceptions regarding the use of the Marmani Inc. Capstone 1 case that was tested for the first time on the September 2019 CFE:

  1. The Marmani case (v2) will be available for the May 2020 offering of the CFE. In the future, the second time a case will be tested on Day 1 of the CFE will be one year after its first offering.
  2. The Marmani case (v3) will also be available for the September 2020 CFE. Normally, only two versions of a Capstone 1 case are used for the CFE.

Candidates who were previously unsuccessful on the CFE and candidates who are challenging the CFE, such as international candidates, can choose from either of the available cases offered for that sitting. First-time writers must choose the case that was linked to Capstone 1 module they completed. 

Below are the names of the cases that will be offered for the upcoming CFEs:

  • For the May 2020 CFE:
    • Distinct Hotels Corporation case (version 1) – introduced in the January 2020 Capstone 1 module
    • Marmani Inc. case (version 2)
  • For the September 2020 CFE:
    • Waste Disposal Incorporated case (version 1) – introduced in the May 2020 Capstone 1 module
    • Marmani Inc. case (version 3)
  • For the May 2021 CFE:
    • Creative Toys Incorporated case (version 1) – introduced in the January 2021 Capstone 1 module
    • Distinct Hotels Corporation case (version 2)

Please note: The profession highly encourages candidates who were unsuccessful on the CFE to wait at least a full year before attempting the CFE again to allow writers to benefit fully from all available support resources, including the complete Board of Examiners CFE Report and personalized Performance Analysis Reports (PARs), which can greatly increase their success rate on their next attempt.

If you have any questions or concerns, please contact your provincial/regional CPA body.


January 7, 2020

We are pleased to inform students that official results for the September 2019 CFE are now available to exam writers. Please note that international candidate results were sent via email while Quebec candidates can access their results here. We congratulate all successful writers.

Today’s results are the outcome of months of comprehensive work by the Board of Examiners (BOE), who are responsible for marking the examination. The BOE consulted with multiple experts, including a psychologist, two psychometricians, and past BOE chairs. In addition, a third psychometrician was retained through Borden Ladner Gervais LLP as part of the third-party review. A summary of the Board of Examiners’ marking process is available here and findings from the third-party review is available here.

The Board of Examiners would like to acknowledge the resilience of candidates who wrote the September 2019 Common Final Examination (CFE), in light of what was a challenging situation for many. In reading the responses from candidates who wrote in centres affected by challenges, the BOE noted that many candidates were able to draw on their technical training and their CPA enabling skills to prepare strong responses. Candidates are commended for their ability to perform under these trying circumstances.

During the marking process, there were several adjustments made in consultation with multiple experts, in order to account for factors that included start time delays and lack of access to reference materials.

Given the circumstances surrounding the September 2019 CFE, the profession has determined that a failing mark on the September 2019 exam will not count as an attempt, and that any student who did not pass will be eligible for a free re-write of the CFE exam, along with access to the CPA Professional Education Program’s Capstone 2 preparatory module at no charge.

Contact your provincial/regional CPA body for detailed information about future opportunities for rewrites, and other remedial options if required, including reviews and requests for re-marking.

Over the last number of months, the profession has undertaken a comprehensive process to ensure that students are treated fairly, and that the due diligence completed is thorough. As a result of this work, we have every confidence in the integrity and reliability of the results of the September 2019 CFE and that all passing candidates have met the same entry requirement for the CPA profession as in previous sittings of the CFE.

CPA Canada commends all successful CFE writers and extends further congratulations to the Gold Medal winners and honour roll recipients.

The 2019 CFE top writer and recipient of the Governor General’s Gold Medal award is:

  • Michael William Wong, Deloitte LLP, Toronto (ON).

The CPA Canada regional Gold Medal awards for achieving the highest standing in their region went to: 

  • Atlantic Canada: Tiffany Lynn Lowe, Ernst & Young LLP, Saint John (NB)
  • Quebec: François D'Anjou, Deloitte S.E.N.C.R.L./s.r.l., Montreal (QC)
  • Western Canada: Tyler Laith Yassin, PricewaterhouseCoopers LLP, Edmonton (AB)

For a complete list of honour roll members, please visit cpacanada.ca/CFEHonourRollList.  

We thank all students again for their ongoing patience.

 


December 9, 2019

We wish to thank all those who wrote the September 2019 CFE for their patience. We have informed those students that they can expect to receive their results on Tuesday, January 7, 2020.

Over the last number of months, the profession has undertaken a comprehensive process to ensure that all students are treated fairly. We are now finalizing the marking process, including ensuring that provincial requirements are met. On January 7, a summary of the Board of Examiners’ marking process will be available on the CPA Canada website. At that time, we will also be sharing detailed information about future opportunities for rewrites and other remedial options available to students if required.

We look forward to providing additional information in January.

Sincerely,

 

Joy Thomas
President and CEO
CPA Canada


October 25, 2019 

We understand that it has been an anxious time for students who are waiting to receive their September 2019 CFE exam results.

There have been two parallel processes unfolding since the September CFE, which have not yet been completed:

  • An independent, third-party review conducted through Borden Ladner Gervais (BLG) into the integrity and reliability of the examination;
  • The CFE marking process led by the Board of Examiners (a senior committee that oversees the official scoring of the exams) which includes accommodations for the extenuating circumstances that impacted exam-writers;

Given the complexity of these processes and the extent of the disruptions to this year’s examination, the Chair of the Board of Examiners has advised us that the time required to fully assess the exam results will be longer than usual. We want to ensure that all students are treated fairly, and that the due diligence completed is thorough. We know that our writers are anxiously waiting for the results and we are working hard to reach a fair and equitable outcome.

Unfortunately, student results for the September CFE will not be available on November 29th. We sincerely apologize for this delay, but we are confident that it is in the best interests of the students, and the integrity and fairness of the exam marking process.

Subject to the findings of the independent review and marking processes, we anticipate that results will be released in January 2020.

We want to assure you that the profession is working together to resolve this situation as quickly as possible. Additional information will be posted to our website as it becomes available.

Sincerely,

 

Joy Thomas
President and CEO
CPA Canada


September 23, 2019

You may have heard reports of technical difficulties experienced during the Common Final Examination (CFE) earlier this month. A combination of factors, including software and Wi-Fi connectivity problems, resulted in delays for writers and difficulties uploading their exams. In certain writing centers these delays were significant.

We have apologized unreservedly to those students for the difficulties they experienced. Many of us recall the stress of writing these exams ourselves and we know what a challenging situation it was for them.

Since the examination, we have launched an independent, third-party review led by Borden Ladner Gervais (BLG), who have in turn retained world-leading technical experts to assess what happened, ensure a fair and equitable outcome, and implement mitigation measures to avoid a recurrence in any future examination.

While contingency plans and technical support are always in place, in light of events with the CFE, we have expanded these measures for upcoming exams.

We want to assure you the profession is working together to resolve this situation as quickly as possible. Additional information will be posted here as it becomes available.