Challenge Exam

Opportunity For Senior Credit Professionals

Experienced financial management professionals have an opportunity to obtain the CCP (Certified Credit Professional) designation by taking an equivalency exam; the Challenge Exam.
Being recognized as a Certified Credit Professional acknowledges the expertise of seasoned credit managers. The reward of obtaining the CCP designation is the recognition by colleagues in the upper echelon of financial management. If you have the experience but not the designation, you owe it to yourself to validate your knowledge and get the CCP designation.

An opportunity for you to gain the recognition you've earned.

Download the registration form, complete the requirements, and submit your form.

Knowledge Areas Assessed

Section A (70%) - Mandatory questions:

  • Financial Statement Analysis (30%)
  • Bankruptcy and Insolvency / CCAA (10%)
  • Legal Remedies (10%)
  • PPSA (10%)
  • Credit management/credit policy development (10%)

Section B (30%) - Pick 3 out of 5 questions:

  • International Credit (10%)
  • Construction Credit (10%)
  • Leasing (10%)
  • Piercing the corporate veil (10%)
  • Credit Fraud/money laundering (10%)

Eligibility For Writing The Challenge Exam

Eligibility to write the Challenge Exam is based on a combination of education and experience. Please attach all pertinent documents with your application.

Option 1: General Applicants

  • Referral letter from current employer to verify candidate’s job experience and credit responsibility
  • Submission of your detailed résumé
  • Transcripts from a recognized post-secondary institution validating successful completion of the equivalent CCP level courses in;
    • Financial Accounting,
    • Corporate Finance, and
    • Canadian Business Law
    For courses taken outside Canada, a letter of equivalency from a registered Canadian body authorized to administer equivalencies should be provided.
  • Designated accounting/finance professionals must provide a letter of good standing from their respective professional associations in lieu of transcript of marks; 
  • Option 2: Current CCE Designation Holders

    • Current Certified Credit Executive-CCE designation holders from the National Association of Credit Management and Certificate in Commercial Management - CICM from ICM are immediately eligible to write the Challenge Exam. A copy of the  certificate is required along with the application form.


    Four-hour, closed book exam. Passing grade: 70%.
    Registration Fee: $750 + GST/HST, including study guide and lesson notes.


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