Certified Management Accountants

CMA Program of Study for Public Accounting

Registration Page: Tax I, II & III Audit I, II & III

The University of Waterloo and the Certified Management Accountants of Ontario are pleased to partner in offering additional training in the area of Auditing Practice and Federal Income Taxation.

All questions regarding courses (e.g., schedules, examinations, certificates, locations, grades and deferrals) should be directed to taxandaudit@cmaontario.org or 1-800-387-2991 ext 336.

Upcoming Start Date

May 14, 2012 (Registration deadline is May 9.)

Register

Note: Tax and Audit courses must be completed in succession (i.e., Tax I is a pre-requisite for Tax II, Audit II is a pre-requisite for Audit III, etc.). A passing grade of at least 65% must be achieved in pre-requisite in order to be eligible to enrol in the subsequent course.

CMA Tax I, II & III

Registered? Get Textbooks.

We hope you are prepared for an active and engaging learning experience. Taxation, all appearances to the contrary, is a lively and engaging area of study. Clashing interpretations of tax law can spark energetic debates - especially when your own money is involved! It is often unclear how tax laws should be applied to real life situations, with no pre-existing "answer" to a dispute. The study of taxation thus requires independent analysis, argumentation, and interpretation. Memorization of facts and formulas will not take us very far in the study of taxation.

Since discussion and debate are so vital for learning about taxation, these courses will be highly participatory. You will not only be reading about taxation in this course. You will also be working with other students to assess and resolve tax situations. Everything you read will be applied to solve problems, and you will have to convince others of the correctness of your approach. Thus, in this course, you will be "learning by doing", not just learning by reading.

The Taxation material is divided into 3 courses – Taxation I, Taxation II, and Taxation III. Each course is 10-13 weeks in length, plus two assessment components – a midterm and a final exam, and builds on the competencies acquired through the prior course. While the time required to complete each week may vary, the expected minimum time commitment is 15 hours per week.

For Taxation I, II, and III the website will facilitate candidate learning though directed readings and the completion of group assignments. These groups will be composed of 4-5 individuals and candidates will have access to a group forum hosted on the course web site in order to assist groups who are geographically dispersed.

CMA Tax I

CMA Tax I Course Overview

Tax I Course Schedule

Suggested Weekly Work Pattern

CMA Tax II

CMA Tax II Course Overview

Tax II Course Schedule

Suggested Weekly Work Pattern

CMA Tax III

CMA Tax III Course Overview

Tax III Course Schedule

Suggested Weekly Work Pattern

CMA Audit I, II & III

Registered? Get Textbooks.

The Auditing material is divided into three courses – Audit I, Audit II and Audit III. Each course is 12 weeks in length, plus three assessment components – case questions, a midterm and a final examination. Note: the grading for Audit II includes successful completion of case questions from Modules 10 through 12 on a pass / fail basis.

For these courses, detailed PowerPoint lessons support the readings and are narrated by the instructor of the class. The lessons are available online. Additionally online discussion boards will facilitate learning and provide candidates access to the instructor and other classmates.

These online courses are provided using the Waterloo's online learning environment. Before taking one of our courses, you should check your system to make sure it meets our minimum requirements.

Major parts of the course focus on elements of the context in which auditing is carried out, including such topics as:

The reasons for auditing
Auditing problems (e.g., liability and other current issues)
Auditing practice, which includes:

audit planning
internal control
audit evidence
audit procedures
information technology, and
audit completion and reporting

Implications of IT on Audit
Privacy, Internal Control and the Role of IT
IT Control Frameworks
IT Governance

CMA Audit I

CMA Audit I Course Overview

Audit I Course Schedule

CMA Audit II

CMA Audit II Course Overview

Audit II Course Schedule

CMA Audit III

CMA Audit III Course Overview

Audit III Course Schedule

Course Details

Each course is 12 weeks long. You proceed through each module at your own pace; however, you must complete the entire course within 12 weeks and be available to write exams on required dates. While the time required to complete each module may vary significantly, the expected time commitment is 10-12 hours per week.

Each course has a mid-term and an exam, arranged at locations across the country by the Society of Management Accountants of Canada.

These online courses are provided using the Waterloo's online learning environment. Before taking one of our courses, you should check your system to make sure it meets our minimum requirements.

Note - High speed access is a requirement for these courses.

Textbooks

The cost of the textbooks is the responsibility of the candidate. You should acquire the textbooks prior to the start of the course. When ordering, please review the options thoroughly. If you require a copy of the Introduction to Federal Income Taxation in Canada and the Canadian Income Tax Act with Regulations please select the bundled option. If not, select the Introduction to Federal Income Taxation in Canada.

Auditing

Audit I

Auditing, An International Approach, 5th Edition, Wally J. Smieliauskas, Kathryn Bewley. Purchase from McGraw-Hill Ryerson: www.mcgrawhill.ca/
CICA Handbook - Assurance: Canadian Institute of Chartered Accountants, (current ed.) Purchase from: Knotica.ca
CICA Handbook - Accounting: Canadian Institute of Chartered Accountants, (current ed.) Purchase from: Knotica.ca

Audit II

Auditing, An International Approach, 5th Edition, Wally J. Smieliauskas, Kathryn Bewley. Purchase from McGraw-Hill Ryerson: http://www.mcgrawhill.ca/
CICA Handbook - Assurance: Canadian Institute of Chartered Accountants, (current ed.) Purchase from: Knotica.ca
CICA Handbook - Accounting: Canadian Institute of Chartered Accountants, (current ed.) Purchase from: Knotica.ca

Audit III

Computer Control & Audit Guide, 15th Edition, Boritz.

Purchase from University of Waterloo: https://fortuna.uwaterloo.ca/cgi-bin/cgiwrap/rsic/book/search_advanced.html
Note: Enter the Title of the textbook in the search field to populate the correct textbook.

Taxation

i. R.E. Beam, S.N. Laiken and J.J. Barnett, Introduction to Federal Income Taxation in
Canada (32nd edition), CCH Canadian Limited, Toronto, Ontario, 2012. Purchase from: CCH Publications

ii. Canadian Income Tax Act with Regulations (current ed.) CCH Canadian Limited, North York, Ontario, Purchase from: CCH Publications

Please direct any questions regarding textbook acquisition to taxandaudit@cmaontario.org or 1-800-387-2991 ext 336.

Administration and Refund Policy

After the start of the course, refunds will not be available to candidates who voluntarily decide to withdraw.

Examination: Candidates will be required to sit for the midterm and final exams on the indicated date at a specified centre arranged by their respective provincial bodies. This information will be emailed to students at least 7 business days prior to the examination date.

Examination No Show (i.e. Failure to Appear): It will be considered an attempt and a failure if a candidate, who has not been granted a formal deferral by the CMAO, does not appear at the assigned examination centre for a mid-term and a final examination.

Examination Deferrals: An examination deferral will only be granted in extenuating circumstances. Normal employment related obligations (i.e., month and year-end, tax season, special projects are not considered for a deferral). Applications for deferrals must be submitted in writing and must be supported by the appropriate documentation.

Examination Results: The results of midterm and final examination are posted 3 weeks after the examination. The grades are only accessible by students and instructors. Under no circumstances will results be released by telephone.

A mark of 65% must be attained in the course in order for a student to achieve a pass and proceed to the next course.

Registration

Register

Fee for Each Course: $960.50 ($850 + $110.50 HST). Payment is by Visa, MasterCard or American Express only. You can claim your tuition for these courses when you file your tax return.

You will receive acknowledgement from the University of Waterloo of your request after submitting your registration details. Following the verification of your status with the Society of Management Accountants of Canada, payment will be processed and you will receive an electronic receipt and detailed instructions including online log-in information by email. This process will take approximately one week.

Last updated by Webmaster on May 8, 2012