FMI

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• FMI
• Public Sector Management Workshop
• June 6, 2006

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Questions

• When did you first become aware of the new
  CMA/CPFA program
• Todays workshop?
• Previously via FMI, CMA Canada or other sources?
• Have you visited the CMA Canada website to access
  background information on the program?
• Do we have any Pilot Program members present?

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Agenda

• CIPFA
• Dual Credential Program Objectives
• Benefits of Program
• Program Development
• Four Courses
• Paths to Dual Designation
• Accreditation Requirements
• Summary

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CIPFA

• Chartered Institute of Public Finance and
  Accountancy
• UK based
• Specializes in public sector
• Sets accounting standards for UK local government
• Designation Chartered Public Finance Accountant
  (CPFA)
• http//www.cipfa.org.uk/

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Objectives

• Program that delivers
• Best practices of CMA Canadas program Strategic
  Management Accounting TM, value creation and
  leadership skills (CMA)
• CIPFAs expertise
• Professional standards and public sector
  accounting practices (CPFA)

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Benefits

• The dual designation CMA/CPFA program is
  tailor-made for the public sector CMA.
• It will provide our financial professionals, at
  all stages of their careers, with a valuable
  perspective on how their expertise ties into the
  management of the public sector.
• Mr. Charles-Antoine St-Jean
• Comptroller General of Canada

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Benefits (continued)

• Benefits for government financial officers
• Two highly respected designations
• Career advancement and mobility
• Support financial management in government to
  meet new Federal Accountability Act requirements

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Program Development

• CMA-CIPFA Mutual Recognition - 2003
• Program concept - 2003
• Business case 2004
• Project Manager April 2005
• Authors Spring/Summer 2005
• Pilot Fall/Winter 2005/2006
• OCG Consultations Fall/Winter 2005/2006
• Launch September 2006

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Courses

• Governance Public Policy
• Public Finance
• Audit Assurance
• Financial Performance Reporting

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Governance Public PolicyFull Course (3
weekends 100 hours of study)

• Select Syllabus Topics
• Public policy process decision-making and
  implementation
• Organization and institutions of public
  governance in Canada
• Federalism and federal-provincial relations
• The budget and public policy
• Reform of the public sector
• Accountability and ethics
• Key contemporary issues

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Public FinanceHalf Course (1.5 weekends 45
hours of study)

• Select Syllabus Topics
• Public Expenditures in Canada
• Fiscal Federalism, Transfer Payments and Grant
  Funding
• Framework for Assessing Taxation
• Government Deficits and Debt
• Borrowing and Risk Management
• Government Procurement
• Public-Private Partnerships

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Audit AssuranceFull Course (3 weekends 90
hours of study)

• Select Syllabus Topics
• Audit Principles
• Audit in the Public and Private Sector
• Audit and Management
• Internal Audit
• Managing the Audit Function
• External Audit in the Public Sector
• Value for Money Audits
• Emerging Audit Issues

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Financial Performance ReportingFull Course (3
weekends 100 hours of study)

• Select Syllabus Topics
• Identify and explain the context of FPR in the
  public sector
• Scope and objectives of FPR
• Canadian international standard-setting in FPR
• Applying FPR concepts/principles in current
  regulations and professional standards
• Reporting on financial, human, physical and
  information assets
• Analysis tools techniques

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Paths to Dual Designation

• Regular Program
• University graduates
• FORD/IARD program graduates
• Public sector employees without a CMA designation
• Existing CMAs complete the 4 CIPFA courses
• Executive Program
• Candidates with a university degree and
• 3 to 5 years mid to senior level work experience

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CMA Accreditation Requirements

• Regular Program
• University Degree
• 18 Course Prerequisite
• CMA Entrance Examination
• Strategic Leadership Program (SLP)
• Practical Experience Two years

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CMA/CPFA Accreditation Requirements

• Regular Program
• University Degree
• 18 Course Prerequisite
• CMA Entrance Examination
• SLP 4 CIPFA Courses
• Practical Experience Two years

2-3 years
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CMA Accreditation Requirements

• Executive Program
• University Degree
• Experience-Based Entry Requirement
• CMA Executive SLP

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CMA/CPFA Accreditation Requirements

• Executive Program
• University Degree
• Experience-Based Entry Requirement
• CMA Executive SLP
• 4 CIPFA Courses

1-2 years
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Program Summary

• Two Streams
• Built on CMA Accreditation Framework
• 2 years to complete (regular program)
• CMA CPFA awarded concurrently
• Path for existing CMAs
• CMA Canada is CIPFAs agent in Canada
• Launch in September 2006
• Bilingual

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Role of Each Partner

• CMA Canada
• Program design, development, assessment,
  awareness and liaison with OCG CIPFA
• CIPFA
• CPFA designation, course updates, CPLD support
• CMA Provincial Territorial Partners
• Program administration, recruitment, delivery and
  marketing
• CMA designation

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More Information

• CMA Canada Website
• www.cma-canada.org
• General Contact
• Richard Benn
• Toll Free 1-800-263-7622
• Direct Line [phone]
• Email rbenn_at_cma-canada.org
• Outside of Ontario and Québec
• Contact the Provincial/Territorial CMA office

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Ontario Inquiries

• Ottawa Region
• Mr. Jacques Tremblay Regional Director of
  Marketing andCommunications - Northern Eastern
  Ontario Telephone [phone] Toll Free
  1-888-356-6638 Email jtremblay_at_cma-ontario.org
• Outside of Ottawa
• Mr. Jon Jones
• Manager of Accreditation Services
• Telephone [phone]
• Toll Free 1-800-387-2991
• Email jjones_at_cma-ontario.org

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Québec Contact

• Québec Order Ms. Line Roy
• Toll Free 1-800-263-5390 or
• Local [phone] (Montréal)

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