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Realistically, the CPA PEP is the same as the US CPA’s getting their extra 30 credits after undergrad. More or less.
Oh I hear ya. I’m Canadian but I started my accounting career in the US and did an MRA application with CPA Ontario. The whole process felt like a money grab. The fees are 10X more than what my US state board was charging for an equivalent application, and the customer service was significantly worse.
We pay around $600 a year for the student fee. I think when you are accepted in the program, its around $1K. Ridiculous
It’s definitely taken the worst aspects of the US and U.K. qualifications:
- U.K. ACA/CA: zero entry requirements aside from a degree in any subject and then a pile of exams
- US CPA: high entry requirements but only 4 exams
- Canadian CPA: you know what guys, it’d be awesome if we made them take a crapton of required accounting courses and THEN make them sit a pile of exams!!!