Blueprint for the Competency-based National Insolvency Exam (“CNIE”)
The CNIE draws material from the Body of Knowledge, testing skills and competencies as identified in the Competency Profile. The Board of Examiners is tasked with preparing an examination with marked emphasis on ethical behaviour and professionalism that assesses competency in both consumer and corporate areas of practice.
The Board of Examiners may ask questions from any testable material, competencies and skills giving consideration to the relative importance of the topic areas as outlined below.
The CNIE will consist of eight case-based questions, four on each of days one and two. The case scenarios are designed with a view to having an equal number of consumer and corporate type situations, along with situations common to both. Although the material in each of the scenarios might be applicable to both consumer and corporate practices. There will be directed asks for each question.
|
Competency |
Category |
Range |
|
Insolvency Law and Practice |
E |
41 – 47% |
|
Ethical Behaviour and Professionalism |
A |
10 – 12% |
|
General Business Law |
G |
7 – 11% |
|
Managing Business Operations |
I |
7 – 11% |
|
Financial Analysis and Reporting |
J |
7 – 9% |
|
Financing |
H |
7 – 9% |
|
Taxation |
F |
7 – 9% |
|
Insolvency Philosophy and Practice |
D |
2 – 4% |
Blueprint for the Core Knowledge Exam
The Core Knowledge Exam (“CKE”) is a four-hour online exam, consisting of 120 multiple choice questions, with questions testing any of the areas of the Core Knowledge Course curriculum and any of the competencies described in the Competency Profile. The CKE is designed to test the competencies from questions applicable to the consumer practice, the corporate practice or both of these, with a view to achieving a general balance between consumer and corporate practices. Questions are focused, for the most part, on the acquisition of the knowledge required to function successfully in the insolvency and restructuring field. Efforts are made, however, to test the candidate’s ability to apply that knowledge in various short scenarios.
The following guidelines are followed in the development of the Core Knowledge Exam:
|
Content Area |
Range |
|
Ethics |
8 – 12% |
|
Bankruptcy |
27 – 37% |
|
Restructuring Alternatives |
23 – 33% |
|
Receivership |
12 – 18% |
|
Special Topics |
8 – 12% |
|
Appendices |
4 – 6% |
|
Level of Difficulty |
Range |
|
Easy |
23 – 27% |
|
Medium |
45 – 55% |
|
Hard |
23 – 27% |