A.C.S.B. - FAQs
Frequently Asked Questions about the Program
What Courses Do I need to Take?
Students must complete six (6) courses; four (4) core courses and two (2) electives through the School of Continuing Studies of the University of Toronto. All courses are offered through the University of Toronto Distance Learning Program. Full listing of core and elective courses.
Am I Eligible to Take the Program?
The program examines surety bonds and the suretyship process in some detail and was designed as a learning vehicle for students who plan on embarking on a career in the surety industry. It’s not intended for individuals in other disciplines or industries who seek a basic knowledge of the fundamentals. For those individuals, we refer you to the Surety Association of Canada Online Learning Centre.
How Much Does the Program Cost?
Students registering in the program pay a one-time, non-refundable program application fee. Employees of full member firms pay $200 and employees of affiliate member firms pay $400. Non-member firm employees pay $1,000 to enroll in the program.
Once enrolled in the program, students are required to pay the registration fees for individual courses as set by the University Of Toronto School Of Continuing Studies. Current prices are approximately $750 per course (fall 2014).
How Do I Register?
Students need to download the A.C.S.B. Application Form. Completed registration forms can be scanned and emailed to firstname.lastname@example.org or faxed to the SAC office at (905) 677-3345.
Do I Have to Take 6 Courses to Get My Designation?
Yes. But – Students can apply for an exemption from the course, Accounting: The Fundamentals (No. SCS 0984). To be granted the exemption, students must submit appropriate documentation including a certified transcript from an accredited post-secondary educational institution where they successfully completed an equivalent course. This should be submitted at the time of registration in the program.
If students are granted an exemption, they are still required to complete five (5) courses; three (3) core courses and two (2) elective courses.
Work experience cannot be used toward exemptions from courses.
Can I Apply for Exemption from the Elective Courses if I’ve Taken Equivalent Courses Elsewhere?
No. There will be no exemptions from the requirement to complete the electives; even if students have taken equivalent courses at other post-secondary institutions. The student must choose two courses from the list of eligible electives provided.
How Long Do I Have to Take All 6 Courses?
In order to receive the designation, students are required to complete the required course work within eight calendar years from the time of registration in the program.
I Finished the 6 Courses – Can I Start Using the Designation?
No. After successful completion of the six (6) courses, students must provide a certified transcript from the University Of Toronto School Of Continuing Studies to SAC. These transcripts will be reviewed by the Program Coordinator and those meeting the requirements will be submitted to the SAC Board of Directors for approval. The designation only becomes “official” once the board has given formal approval.
I Changed Employers During the Program – Does That Matter?
No. Just let SAC know at the end of the program who you were working for when you first registered and who you’re working for when you have completed all your courses.
Can I Take this Program in French?
No. Currently the program is only offered in English, but SAC is investigating the possibility of offering this program in French.
Why Was this Program Developed?
In May 1996 in response to numerous inquiries, the Surety Association of Canada sent out a questionnaire to its membership regarding their education and training requirements. Based on overwhelming support for an education program, the Education and Research Committee began work in September 1996. In February 1997, SAC met with the School of Continuing Studies at the University of Toronto to explore an educational partnership. The program officially launched in September 1998 and the first designation was conferred two years later. As of September 2015, 130 individuals have received the A.C.S.B. designation.
The objective of the A.C.S.B. Program is to provide member firms with a workable alternative to the development of expensive and time consuming in-house training regimens. However, like all educational programs, the A.C.S.B. is meant to compliment; not supplant the on-the-job training provided by the student’s employer. It is anticipated that member firms will continue to provide mentoring and practical guidance to augment the learning experience for young professionals and prepare them for the day to day requirements of their jobs.