b'Doing it RightFrom the Start!Another step forward on thecompetency development pathBy Gina Letourneau, Director, Education Programs, CAIRPI ts been almost eight years since theThe challenge of the CQP is to developcompetency map in the development of inception of the CIRP Qualificationand assess all the required competenciescourses and assessments.Program (CQP), the program leadingof an entry-level CIRP in an effectiveA modified practice analysis was to the CIRP designation. The CQP wasand attainable way, while considering theconducted several years ago that led to designed to develop the knowledge, skillsneeds and constraints of the stakeholdersthe development of the existing CIRP and abilities of candidates to successfully(sponsors, employers, OSB). competency framework. The CQPC did demonstrate the professional competen- The CQP Committee (CQPC), the groupnot feel there should be fundamental cies required of an entry level CIRP, asresponsible for oversight and setting thechanges in the competency areas, thus outlined in the competency profile. direction for the education program, hasthey reviewed the existing competency Looking back over those years,been discussing possible changes to themap to clarify the wording and delete performance data for candidates in theprogram to ensure that once qualifiedthose competencies that were beyond an program indicates that it is time to reviewcandidates enter the program, they have aentry-level CIRP. The revised list will be the effectiveness of the program elements. high probability of success of becoming acirculated to a wider group of CIRPs/The 5-year average CNIE pass rates forCIRP, and ultimately of passing the OralLITs as well as academics and the OSB to Boards to obtain a license. confirm the validity of the revisions. first and second time writers is 48%. PREREQUISITE EDUCATIONIn 2018 it was 56%, down from The following presents the highlights ofIt was recommended that the CQP 60% in 2017, but higher than ina proposed revised CQP. The revision isentrance requirements reflect the previous years. based on developing critical thinking skillsgraduate-level nature of the program. Approximately 75% of candidates passand competency right from the start andIt is proposed that entrants to the throughout the program using authentic the Oral Boards. In 2019, the pass ratecase scenarios, and by integrating bestprogram have a Bachelors degree and was slightly lower at 70%. practices in instructional design andhave completed courses in tax, financial Candidates with a CPA designationaccounting, finance and business law, or available technologies. a professional accounting designation perform consistently better thanThe CQPC is reviewing all elements ofor successful completion of a CNIE candidates without a CPA. (In 2018,the program: equivalent in another jurisdiction. The 70% of candidates with a CPA passedrequirement to have completed specific compared to 39% without a CPA.) Competency profilecourses is to ensure a foundational Except for 2018 (when it was 62%),Prerequisite education knowledge of the necessary businesspass rates for the core knowledge examCompetency development andcompetencies and to allow candidates to have been below 60% for the last concentrate their efforts on insolvency and four years.program design related content as well as on integration COMPETENCY PROFILEand application. Given the difficulty many Varying entry requirements makes itThe ultimate outcomes of the CQPcurrent CQP candidates experience with difficult to assume baseline knowledgeprogram are the competencies in thecorporate insolvency, as well as the greater in competency areas.various areas outlined in the competencysuccess rates of CPAs (partially attributed Low success rates in the program aremap, at a proficiency appropriate to anto their financial training), the additionalseen as discouraging for current andentry level CIRP. This should be theprerequisites should make the CQP more potential candidates and also driver of the education program. Contentattainable for future candidates who have for sponsors. developers will be guided by thenot achieved a CPA. 46 Rebuilding SuccessFall/Winter 2019'