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Institute of Chartered Accountants of Ontario

The Institute of Chartered Accountants of Ontario (ICAO) is the governing body for chartered accountants in Ontario. The Office of the Fairness Commissioner (OFC) oversees the registration practices of the institute to ensure that they are transparent, objective, impartial and fair for anyone who wants to practise as a chartered accountant in this province.

Registration Practices Assessment Report, 2013

This summary of the assessment includes recommendations for improvement.

Reports / Applications

2015

Fair Registration Practices (FRP) Report, 2015

Applications to Practise Processed by the ICAO in 2015
Jan. 1 to Dec. 31 Jurisdiction Where Applicants Received Their Training Total
Ontario Other Canadian Provinces USA Other International Unknown
New applications received7,2901793332807,830
Applicants who became members4,5991582619704,980

2014

Fair Registration Practices (FRP) Report, 2014

Applications to Practise Processed by the ICAO in 2014
Jan. 1 to Dec. 31 Jurisdiction Where Applicants Received Their Training Total
Ontario Other Canadian Provinces USA Other International Unknown
New applications received4,969812317105,244
Applicants who became members1,397873211601,632

2013

Fair Registration Practices (FRP) Report, 2013

Applications to Practise Processed by the ICAO in 2013
Jan. 1 to Dec. 31 Jurisdiction Where Applicants Received Their Training Total
Ontario Other Canadian Provinces USA Other International Unknown
New applications received1,51594318901,756
Applicants who became members1,681933211301,919

2012

Fair Registration Practices (FRP) Report, 2012

Applications to Practise Processed by the ICAO in 2012
Jan. 1 to Dec. 31 Jurisdiction Where Applicants Received Their Training Total
Ontario Other Canadian Provinces USA Other International Unknown
New applications received1,6961305712802,011
Applicants who became members1,069110354301,257

2011

Fair Registration Practices (FRP) Report, 2011

Report on Entry-to-Practice Review, 2011

Registration Practices Assessment Report — Summary (Chartered Accountants)

Applications to Practise Processed by the ICAO in 2011
Jan. 1 to Dec. 31 Jurisdiction Where Applicants Received Their Training Total
Ontario Other Canadian Provinces USA Other International Unknown
New applications received1,732924612501,995
Applicants who became members1,17376342401,307

2010

Fair Registration Practices (FRP) Report, 2010
Audit Report

Applications to Practise Processed by the ICAO in 2010
Jan. 1 to Dec. 31 Jurisdiction Where Applicants Received Their Training Total
Ontario Other Canadian Provinces USA Other International Unknown
New applications received1,41461393801,552
Applicants who became members1,27261342901,396

2009

Fair Registration Practices (FRP) Report, 2009

For a description of all OFC-monitored developments for this profession for 2009, see the 2009-2010 Annual Report.

Applications to Practise Processed by the ICAO in 2009
Jan. 1 to Dec. 31 Jurisdiction Where Applicants Received Their Training Total
Ontario Other Canadian Provinces USA Other International Unknown
New applications received1,158704129n/a1,298
Applicants who became members1,092702218n/a1,202

n/a = not available

2008

Fair Registration Practices (FRP) Report, 2008

Applications to Practise Processed by the ICAO in 2008
Jan. 1 to Dec. 31 Jurisdiction Where Applicants Received Their Training Total
Ontario Other Canadian Provinces USA Other International Unknown
New applications received1,293704837n/a1,448
Applicants who became members863702734n/a994

n/a = not available

2007


During the fall and winter of 2007-2008, the OFC undertook a study of the ICAO to understand its 2007 registration practices and establish baseline data and information. PDF

Exemplary Practices

The OFC gathers regulatory bodies' exemplary licensing practices so that they may learn from one another. Practices for the Institute of Chartered Accountants of Ontario are listed below.

  1. Explaining criteria used to assess academic requirements

    This practice addresses the challenge of explaining...

  2. Providing alternative ways to meet requirements

    This practice addresses the challenges that many internationally...

  3. Providing clarity in communicating about eligibility for exemptions

    This practice is of interest to regulators who want...


Quick Facts

Number of Chartered Accountants87,229
Number of Internationally Trained Chartered Accountants2,425

You may find information about exam requirements and Canadian work experience requirements elsewhere on this site.


Location of Training, 2015

Ontario81,597
Other Canadian Provinces3,207
USA466
Other International1,959
Unknown0
Total87,229
Proportion of Internationally Trained Members (includes USA)3%

The Top Five Source Countries For Internationally Trained Chartered Accountants, 2015

Largest NumberIndia
Second Largest NumberPakistan
Third Largest NumberU.K.
Fourth Largest NumberNigeria
Fifth Largest NumberPhilippines
Number of Applicants343

The Institute of Chartered Accountants of Ontario falls under the jurisdiction of the Ministry of the Attorney General. The OFC does not assess credentials, handle complaints or intervene in particular cases. Our mandate is one of systemic change. Please contact the ICAO for further information about your ability to practise as a chartered accountant in Ontario.

Action

In 2013, the percentage of internationally trained applicants was lower for chartered accountants (13%) than for general accountants (40%) and management accountants (17%). The percentage of internationally trained members was also lower (5% for chartered accountants versus 11% for general accountants and 11% for management accountants).

The OFC has expressed concern that no direct evidence has been provided to explain what has caused the lower representation.

The ICAO has formal policies and procedures that govern its registration process. However, it is not clear to what extent the ICAO adheres to those procedures.

In the 2013–14 assessment, the OFC made recommendations to the ICAO for improving its registration practices.

The ICAO was required to submit an action plan by a specified date, for following through on the recommendations. The ICAO did not submit its action plan by that date. The OFC is taking steps to ensure that the ICAO is accountable for responding to the recommendations.

July 2013