CFE Day 1: Should You Choose the V1 or V2 Case? A Clear Guide for CPA Candidates

On CFE Day 1, CPA Canada offers two versions of the case:

• V1 – the new case released with the current Capstone 1

• V2 – the previous year’s Capstone 1 case

Depending on your situation, you may have the option to choose which version to write. Many candidates feel unsure about which one gives them the best chance of success — so let’s break it down clearly.

V1 vs. V2: Which Day 1 Case Should You Choose?

Below is a breakdown of the key factors to consider.

1. Pass Rates (Advantage: V1)

Historical CFE Day 1 statistics show that V1 cases consistently have higher pass rates than V2 cases.

Why?

• V1 is new, so candidates are more aligned with the current Capstone 1

• V2 candidates often rely on older materials

• V1 tends to have more updated guidance and examples

Conclusion:
If you want the statistically safer option → Choose V1.

2. Future‑Proofing (Advantage: V1)

If you choose V1 and don’t pass, you can write the same case again in the next CFE.

But V2 cases expire after one more offering, meaning:

• If you fail V2, you must learn a new case next time

• This adds extra workload and stress

Conclusion:
If you want a safety net → Choose V1.

3. Access to Practice Cases (Advantage: V2)

V2 cases come from the previous year, so:

• Capstone 2 practice cases are already available

• You get earlier access to materials

• You can start preparing sooner

• You also get the prior exam version of the case

This gives you more time and more examples to learn from.

Conclusion:
If you want more prep time and more cases → Choose V2.

Final Recommendation

Both V1 and V2 are valid choices — but if you’re undecided, the safer and more strategic option is:

Choose V1 (the new case).

It offers:

• Higher pass rates

• Better alignment with Capstone 1

• A built‑in safety net if you need to rewrite

However, your personal circumstances matter. If you want early access to practice cases or prefer a familiar industry, V2 may still be a strong choice.

If you need help in your CPA Canada Coaching, please feel free to reach out:
RavGun CPA Academy
https://www.ravguncpaacademy.com/
+1 437 833 9540