With permission of the CICA, a consortium made up of members from each of the four provincial
CA professional programs updated the following simulation and evaluation guide to reflect the CICA
Handbook standards, the Tax laws and the UFE Candidates Competency Map in effect as of March 31,
2011. Any changes to the original material are the sole responsibility of the consortium and have not been reviewed or endorsed by the CICA. The assumption was made that private companies will apply
Accounting Standards for Private Enterprises (ASPE) and public companies International Financial
Reporting Standards (IFRS)*. The assumption was also made that the accounting framework had been in place for several years. Dates in the simulation have not been changed.
* Note: For the 2011 UFE, a candidate might be required to determine whether ASPE or IFRS is appropriate under the circumstances.

© 2011 Institute of Chartered Accountants of Ontario

Paper II - SIMULATION 3 (70 minutes)
You, CA, have just been hired by Doctor Robert Blake (Doctor Bob) as a part-time accountant for his new clinic located in the province of Quebec. From your interview, you have learned that Doctor Bob moved to your city from another city within Quebec. Prior to that, he was studying medicine overseas.
He arrived in Canada on February 28, 2006, and met all the requirements to practice medicine in the province. He has many questions about setting up his own medical practice, but is aware that according to provincial tax legislation he cannot incorporate his practice in Quebec.
It is now February 1, 2007, and it’s your first day working for Doctor Bob. He calls you into his office to explain what he needs your help with.
Doctor Bob: “Welcome aboard, CA! I’m so glad to have your help. As you know, I just recently rented this office space and opened my own clinic. I currently have a small growing practice, and