Member Updates and Resources
Here's a summary of updates and resources that are available to assist members in industry, including updated information on the "Uniting the Profession" initiative, CICA tools and resources for applying the standards, top publications for our MIIs at the CA Store, the "20 Questions" series, ICABC social media news, PPC services, ICABC resources, and ICABC PD options.
Uniting the Profession Update
In late January, the Unification Framework and BC Provincial Merger Proposal were released to members. From January 24th to February 21st, the Institute engaged research consultants Vision Critical to conduct a members' survey and gauge support for the principles contained in both documents. Over 3,000 CAs from across BC participated in the survey, and we are currently awaiting a report from Vision Critical analysing the feedback. During this time frame, the Institute also conducted focus groups, and sent a survey to managing partners at CA Training Offices. Since May 2011, the executive has met with over 2,300 members at Town Hall sessions and firm meetings. We are continuing to gather feedback from members and other relevant stakeholders, and in the coming months, Council will consider all the feedback received and will draft a report with recommendations. We expect to provide this draft report to members in early May, and will ask them to vote on the recommendations. After the member vote is held, the report and recommendations will be finalized and submitted to the provincial government for its consideration. Once again, we would urge all CAs to participate in this process and make their views known.
For the latest developments on the unification initiative, please visit www.ica.bc.ca or follow us on Twitter or Facebook.
Applying the Standards - CICA Tools and Resources
The Canadian Institute of Chartered Accountants (CICA) provides funding and staff resources to facilitate independent standard setting by Canada's accounting and audit and assurance standards boards. The CICA is committed to supporting the profession with the implementation of new and existing standards issued by Canada's standard-setters.
Tools and resources for accounting standards, public sector accounting standards, and assurance standards are available on the CICA website to assist you with:
Public Sector Accounting Standards
Top Publications for Members in Industry at the CA Store
The top publications to our members in industry at the CA Store are as follows:
The 20 Questions Series
The "20 Questions Directors Should Ask..." series addresses subjects of importance to directors by reviewing 20 questions that directors might ask management, advisors, or themselves. Here is a sampling of the topics covered:
These booklets are free and available for download at www.rogb.ca/director-series/20-question-series/index.aspx. For directors of not-for-profit organizations, additional resources are available at www.rogb.ca/npo/npo-directors-series/20-questions-series/index.aspx and cover subject matters relating to fiduciary duty, governance, human resources, and more.
ICABC Social Media Update
On November 28, 2011, the ICABC launched its social media platform and blog: The Briefing Room, a resource designed to promote information-sharing, learning, dialogue, and engagement among our members and the business community.
Today's business professionals are living in an increasingly interconnected world, one that creates both great challenges and great opportunities. As our global business borders shrink and international business connections increase, our local and provincial economies are becoming increasingly tied to both international business developments and worldwide economic volatility. Therefore, it is imperative for our business community—in which CAs play a vital role—to access the most relevant, up-to-date information to ensure their success in this constantly changing and increasingly unpredictable economic landscape.
The Briefing Room is here to help. We understand that in order to keep up with change, it is the quality, not quantity, of information that matters. We also understand how difficult it is to sift through the massive amount of available data and decide what is nice to know and what is need to know.
The Briefing Room provides the need to know.
Twice a week, we feature articles that provide timely information on local, national, and international economies, as well as management and leadership advice and profiles. We also provide ongoing coverage of the most relevant and up-to-date news for the accounting profession, including standards updates and regulatory notifications.
Further, ongoing educational features spotlight upcoming courses and programs, and provide insightful interviews with speakers, course leaders, and participants of accounting, management, leadership, and IT seminars. The ICABC's professional development program is evolving as new, diverse, and exciting courses are added to its lineup, so stay tuned for upcoming highlights.
We also want to help you get involved. If you're interested in taking part in any one of the Institute's forums or volunteer initiatives, you'll find the relevant information, dates, and contacts in The Briefing Room, as well as interviews with current members and volunteers.
Should you have a question or comment, please feel free to contact Vanessa Woznow, the ICABC's manager of public affairs and Briefing Room contact, at firstname.lastname@example.org.
Join CA Connect and network with other CAs
The CICA is offering an exciting service to members: CA Connect is a business networking site strictly for Canadian CAs. The site allows you to discuss matters in a forum with other CAs, read blogs relevant to CAs and information on newsletters, upcoming webinars, and other events.
To register for the site, go to www.caconnect.com. If you have any questions regarding the site, contact Paul Long, Manager, Marketing and Market Research at the CICA (416) 204-3267 or Paul.Long@cica.ca.
PPC Canada - Member and Family Wellness
As part of the ICABC's benefits package, all members and CA students, along with their immediate family members, are entitled to free and confidential employee assistance services through PPC Canada. Consider using these free and confidential services if you are: starting a new job or preparing for retirement; dealing with a personal or family crisis; struggling with financial issues; or concerned about staying healthy, managing illness or eldercare, and/or managing stress. Visit our website at www.ica.bc.ca/ppc for further details.
Visit www.ica.bc.ca/resources for a listing of ICABC resources available to address the following questions:
How can we help your career take flight?
How do you stay up to date?
How do you stay onside?
How can we help you with your difficult questions?
ICABC Professional Development Resources
Our ICABC PD Department has various options to deliver PD training to you:
Executive Leadership Program
Are you considering (or do you want to be considered) for a CEO position and feel that a broader knowledge base may augment your already considerable finance/accounting knowledge? Are you interested in learning about new tools and methods to add value to your enterprise? Do you want to go beyond the "stovepipe" finance function? Do you have a desire to do more, be a complete CFO, and lead a best-in-class finance function? If so, then this program is for you.
Register before May 14, 2012, to receive the early-bird discounted fee. For more information on this executive leadership program, contact Stella Lam-Leung, CA, at email@example.com, or visit www.icabc-pd.com/cfo_as_navigator.php.
PD on Audio
PD on Audios are direct recordings of live PD seminars. They are available as downloadable MP3 audio files, and any corresponding handout materials are provided as PDF files. They are eligible for verifiable CPD credits after successful completion of a quiz.
For further details on PD on Audios, visit www.icabc-pd.com/pd-products-tapes.php or contact Stella Lam-Leung, CA, at 604-631-2570 or Kitty Leung at 604-488-2642.
In-house presentations are cost-effective and flexible seminars tailored to fit your needs. By arranging a location of your choice and selecting a time that works for you, PD can be presented to meet the specific needs of your audience.
For further details on the in-house presentations, go to www.icabc-pd.com/presentations.php, or contact Moira Bryans, CA, at 604-488-2640 or Kitty Leung at 604-488-2642.
Sample PD Profiles for the Spring PD Program
Using the Learning Plan Framework introduced in the August 2011 issue of Industry Insights, here are some sample PD profiles based on course offerings available in the ICABC's spring PD program:
Call for PD Authors and Instructors
Are you interested in writing or instructing a seminar for the ICABC's PD program? Do you have topic suggestions for seminars? If so, please contact Moira Bryans, CA, the director of Professional Development, at 604-488-2640, or send us an email at firstname.lastname@example.org.