Ontario and Quebec’s CPA regulatory bodies plan to sever ties with CPA Canada.
Political infighting between the provincial and federal bodies that govern chartered professional accountants in Canada has escalated in the past month but has yet to impact B.C.
That means CPA Canada will likely have difficulty casting itself as a voice for CPAs across the country, given that it will only have ties with organizations that account for about 36 per cent of the country’s CPA professionals. CPA BC requires that CPAs complete its professional education program, which consists of six modules of part-time academics, passing an exam and acquiring 30 months of practical experience.
They then need to take professional development courses and pay fees to CPA BC and CPA Canada to keep their designation. The experiment of having a national body, however, has had challenges. Provincial and territorial representatives have said that its structure is inefficient, and that CPA Canada has resisted attempts to change that structure.
“CPA Canada is a trusted adviser speaking for the profession in consultations with Finance Canada, the CRA [Canada Revenue Agency,] the Senate and other government bodies on important federal issues including the budget, tax regime and financial crimes,” CPA Canada said.CPA Canada has two classes of members: Organizational members such as the provincial bodies and individual members who are members in good standing with their provincial or territorial bodies.
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