Course of Study

 

CIRP Qualification Program (CQP) – 2011 - 2012

 

Starting in 2011, the CQP will be a three level program available in both official languages. For those accepted, the Program will include the following courses:

The Introductory Course, providing an introduction to the profession and allowing candidates to acquire a general understanding of the insolvency and restructuring field

The Core Knowledge Course, presenting the technical detail needed by an insolvency and restructuring professional to work successfully in this field

The Applied Knowledge Course, an application-based course training candidates to develop and apply the skills required to succeed in their future career and allowing the candidates to reach greater depth of knowledge

The Insolvency Counsellor’s Qualification Course, providing the theoretical foundation of insolvency counselling

 

Introductory Course

Content:

• Background material on insolvency, applicable statutes and the profession as a whole
• Key Stakeholders: Office of the Superintendent of Bankruptcy (OSB), CAIRP
• Risk Management / common issues
• Preliminary do’s and don’ts
• Ethics, conflict and professional conduct issues

Evaluation: Assignments, Self-administered exam

 

Core Knowledge Course

Content:

This course is organized into 4 distinct modules:

• Bankruptcy
• Restructuring Alternatives
• Receiverships
• Special Topics

Key concepts are introduced in each module but candidates are reminded that these concepts may apply and often do in different kinds of engagements. Key topics include:

• Ethics, conflict and professional conduct issues
• Roles and responsibilities of players
• Assets & liabilities
• Receivership, interim receivers, special appointments, e.g. liquidators
• Bankruptcy
• Methods of realization
• Primary factors affecting insolvency/restructuring options
• Proposals under the Bankruptcy and Insolvency Act (BIA), Division I & II
• Continuing and monitoring operations
• Proceedings under the Companies’ Creditors Arrangement Act (CCAA)
• Insurance
• Income and sales tax issues
• Environmental issues
• Insolvencies in an international context
• Directors’ liabilities

Evaluation: Assignments, Online Exam (100% multiple choice)

 

Applied Knowledge Course

Content:

• Running an insolvency practice (business plans, marketing, communication, banking, etc.)
• Ethics, conflict and professional conduct issues
• Public trust and policy
• Analysis of restructuring alternatives
• Practice Risk Management
• Critical Thinking Skill Development
• Case Analysis, including access to 8 teaching case studies 

 

Evaluation: Assignments, Increasingly complex case studies, Candidate + sponsor sign off upon completion

 

Insolvency Counsellor’s Qualification Course (ICQC)

Content:

• Personal Insolvency/Bankruptcy under the BIA
• Interviewing and Counselling
• Elements of Money Management
• Money in Context

 

Evaluation: Online final exam  

Notes: The ICQC may be taken at any time during the candidate’s course of study. Candidates must complete the ICQC prior to receiving CIRP certification or a trustee licence. The Office of the Superintendent of Bankruptcy (OSB) requires candidates to be enrolled in or to have successfully completed this course before appearing at the Oral Boards.

 

CNIE (CQP National Insolvency Exam)

Comprehensive final exam covering material from all program courses. Testing on a combination of knowledge and the ability to demonstrate the competencies expected in a newly designated Chartered Insolvency and Restructuring Professional (CIRP).

 

 

For further information on the transition plan, please refer to the Frequently Asked Questions document in the What’s New section of this website.

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