At time of writing (2026), the Common Final Examination (CFE) is the final examination of:

Answer

The CPA certification route in Canada

Options - A. The CFA programme, after its third level - B. The CPA certification route in Canada - C. The CBV Institute's membership qualification - D. A US state board of accountancy licence Why - A. The CFA has three examination levels and no examination called the CFE. - B. Correct — under the programme in force today, the CFE follows the CPA PEP and precedes certification, alongside the experience requirement. - C. The CBV’s final step is the Membership Qualification Examination. - D. US state boards administer the US CPA examination. Canada’s route is national, delivered provincially.

cpacanada.ca; cpaontario.ca; cfainstitute.org; cbvinstitute.com (V, F2.4-c/d/e/f, 2026-09-17); OpenStax Bus 14.2 (A) as US contrast; concept map M03–M06