CPA Knowledge
CPA stands for ...
Chartered Professional Accountant?
PSAP stands for...
Post-Secondary Ambassador Program
The “Big 4” firms are....
PwC, EY, Deloitte, and KPMG
The name of the final exam all CPA candidates must pass.
Common Final Examination (CFE)?
What is the Annual PSAP membership fee?
$10
Accounts Payable is what type of account?
Liability
What was the most streamed song on Spotify this summer?
"Ordinary"
Alex Warren
What is the month and year that the new CPA Professional Program launches?
January 2027
What’s one major benefit of joining PSAP as a student?
Networking opportunities, building leadership skills, exclusive access to CPA events
What is the accounting equation?
Assets = Liabilities + Equity
Celebrity stylist Law Roach is best known for his collaborations with which star?
Zendaya
What are the three main types of accounting?
Financial, Managerial, and Tax accounting
Name all three of the upcoming PSAP events that was posted to our Instagram/Linkedin.
Network with Confidence
PSAP Prestige
TD Discovery Day
In accounting, what’s another name for “the books” a company keeps?
Ledgers
What is the median salary of a CPA in Ontario?
$130k
True or False — Being in PSAP can directly replace the practical experience requirement for CPA
FALSE (PSAP is about outreach/ambassadorship, not PER hours)
What’s the difference between IFRS and ASPE?
IFRS = global, more complex/fair value oriented
ASPE = simpler, for private companies in Canada