The CPA Journey: Facing My Third Attempt at the CFE

As I gear up for my third attempt at the Common Final Exam (CFE) in just two days, I find myself overwhelmed with mixed emotions. It’s a significant moment, yet I can’t help but feel a sense of ambivalence about the whole process.

A Rollercoaster of Experiences

Reflecting on my previous attempts brings both frustrations and lessons learned. In my first try, I passed Day 1 but fell short on the Level 1 Sufficiency for Days 2 and 3, achieving a not-so-stellar Level 7. My second attempt didn’t fare much better; I encountered the same obstacles, landing at Level 2 despite using Densmore as a study resource.

Now, here we are at attempt number three—not really sure of what to expect. Part of me just wants to put this chapter behind me, whether I pass or fail. If I can endure this final challenge, I can finally reclaim my time and peace of mind. The thought of discarding my notes and textbooks fills me with anticipation; moving forward feels like a breath of fresh air.

Facing the Possibilities of Failure

Of course, failing again would be disheartening. I know that the initial sting of disappointment will linger, especially with friends and family watching the journey. But I’ve come to realize that life offers multiple pathways. An MBA or pursuing a Master’s in a different field are both viable options should things not go according to plan. The CPA designation was never an end in itself for me, and I certainly don’t relish the work associated with it; I merely tolerate it.

The Reality of Success

Should I pass this time around, there’s no denying that it would be a fantastic achievement. It’s a chance to prove to myself that I can conquer this daunting exam. But at the same time, I don’t hold the designation in high regard; I see it as a somewhat hollow credential, especially in light of how poorly it’s been managed since the amalgamation.

To me, the CPA is merely a stepping stone—a way to open doors for better-paying job opportunities. I’ve never believed that the designation inherently makes one a better professional. In my experience, it’s been more of a mixed bag, often leaning towards the negative side.

The Larger Issue at Hand

It’s hard not to see the entire CPA Canada process as a bit of a farce.