Similar to prior CPA Canada Common Final Exams (CFEs), the May 2025 CFE had two Day 1, one Day 2 and three Day 3 cases.
The following Day 1 cases were tested:
- Neptune Point Fisheries Inc. (NPF) v2
- Viviana’s Trattoria Ltd. (VTL) v1
The following Day 2 and Day 3 cases were tested:
- Day 2 (Download TBD)
- TBD (300 minutes)
- Day 3 (Download TBD)
- TBD
- TBD
- TBD
For the September 2025 CFE, the following Day 1 cases will be tested:
- Amuzu Parks Inc. (API) v2
- Meadowlark Entertainment Inc. (MEI) v1
For the May 2026 CFE, the following Day 1 cases will be tested:
- New case to be announced later in 2025
- Viviana’s Trattoria Ltd. (VTL) v2
For the September 2026 CFE, the following Day 1 cases will be tested:
- New case to be announced later in 2025
- Meadowlark Entertainment Inc. (MEI) v2
Where can I get the solutions?
The solutions for May 2025 CFE exam cases will NOT be released by CPA Canada until 2026. In the interim, I will provide written sample answers to help you prepare for the September 2025 CFE. When ready, you can obtain them from here.
Will I get these cases in Capstone 2?
If you are registered for the Capstone 2 module for Summer 2025, you will NOT receive these cases at the module. You should download using the links above. If you are someone challenging the exam, such as an internationally trained accountant applying under MRA/MOU, please also download using the links above.
How do I prepare for the CFE?
There are several prep methods for the CFE. You will need to focus on these three items:
- Technical knowledge
- Case writing skills
- Strategy
I speak a lot about these items on my YouTube channel and webinars. You can check out my latest webinar.
Technicals:
- Know the key topics on each of the competencies
- Distinguish depth from breadth
- Debrief
Case writing skills:
- It’s all about following the CPA Way
- Know your case inside out
- Integrate throughout the case
Strategy:
- Prepare a study plan
- Obtain study materials
- Get support and resources
Pass the CPA Canada CFE Exam
I’m Gevorg. I’m an instructor and a CPA exam coach. If you want coaching with me, sign up for my CPA CFE Review Course, for a comprehensive prep package.
