Navigating the CPA Journey: My Thoughts on the CFE

As I prepare for my upcoming Common Final Examination (CFE), set to take place in just two days, I find myself in a whirlwind of emotions. This will mark my third attempt at passing this significant hurdle, and I can’t help but reflect on my previous experiences.

In my first attempt, I managed to pass Day 1 but stumbled on Level 1 Sufficiency for the subsequent days, ultimately achieving a Level 7. The second attempt saw a similar fate; once again, I couldn’t clear Level 1 Sufficiency, ending up with only a Level 2, despite using the Densmore preparation resources.

Now, as I gear up for Attempt #3, I’m filled with mixed feelings. Part of me is eager to simply get this entire experience behind me—whether that means passing or failing. The prospect of finally reclaiming my life post-exam is incredibly appealing. I’m ready to discard my notes and books, burying this intense examination phase in my past and moving forward.

If I don’t succeed this time, I know I’ll feel the impact of disappointment, particularly in the eyes of my friends and family. However, I also understand that time heals. There are countless other opportunities ahead, such as pursuing an MBA or exploring a master’s degree in a different field. The journey doesn’t end with obtaining a CPA, especially since my enthusiasm for this line of work is at best lukewarm; I can tolerate it, but I wouldn’t say I enjoy it.

On the flip side, passing the CFE would indeed be a significant personal achievement. It would allow me to hold my head high, acknowledging that I’ve conquered this challenging exam. Yet, I can’t deny that my perception of the CPA designation has diminished over time. It seems more like a means to an end—primarily a ticket to better job opportunities—rather than a credential I deeply respect. From my perspective, the CPA experience is a mixed bag, often leaning towards the negative side.

In all honesty, the CPA Canada process feels more like an elaborate joke. The exam does little to prepare candidates for actual practice; it simply teaches us how to excel at taking tests and shelling out money.

As I reflect on this journey, I realize I have more questions than answers. But one thing is for sure: whether I pass or fail, I will move forward, knowing that life offers so much more than a single