Working Together for a Stronger Future
May 9, 2013: BC’s Accountants Unite under Chartered Professional Accountant Designation
Vancouver, BC May 9, 2013 - The Chairs and CEOs of the Certified Management Accountants Society of BC (CMA BC) and the Certified General Accountants Association of BC (CGA-BC), and the President and CEO of the Institute of Chartered Accountants of BC (ICABC) have signed an agreement to pursue a merger. The three self-regulated accounting professions are working to unite under the Chartered Professional Accountant (CPA) designation.
After extensive consultation, the agreement was reached following votes by the ICABC Council, CGA-BC Board and CMA BC Board in favour of unifying the three organizations. Together, they will work with the provincial government to enact CPA legislation, legally merge, and establish CPABC, which will be one of the largest professional organizations in the province.
“This decision is in the best interest of the public, as well as our members and students,” said Candace Nancke, FCGA, Chair of CGA-BC. “We are excited to join our colleagues across Canada in this initiative.”
The three organizations will work together to build Canada’s pre-eminent accounting and business designation. With more than 34,000 members and students in BC, CPABC will foster the growth and evolution of the accounting profession, while also providing the expertise to help businesses in every sector of the economy.
“Beginning this fall, our three organizations will jointly deliver the CPA Professional Education Program to students,” said Gordon Holloway, FCA, President of ICABC Council. “The new CPA program builds on our strengths, and integrates the best or our education and training programs to meet the needs of employers.”
“We’re excited. Positive momentum continues to build throughout Canada,” said Pat Kennedy, FCMA, Chair of CMA BC. “The CPA designation is now active in Quebec and Ontario, and regulatory bodies representing the majority of professional accountants in Canada are working to unite under this banner.”
Until such time as legislative changes are enacted, CA, CGA, and CMA members will maintain their current designation, and the ICABC, CGA-BC, and CMA BC will continue their existing mandates of self-regulation, education, and advocacy.
The Institute of Chartered Accountants of British Columbia is the training, governing and regulatory body of B.C.'s 11,000 members and just over 1,800 CA students. The Certified Management Accountants Society of British Columbia represents over 4000 members and 1000 CMA students and candidates. The Certified General Accountants Association of British Columbia represents almost 11,000 CGAs and nearly 5,000 CGA students. The three bodies protect public interest through rigorous educational and certification programs to uphold the highest professional standards and ethics.
CPAs in British Columbia will serve the public interest across all sectors of the economy with integrity, sound ethical practices, disciplined regulation and proven strategic management and financial expertise. Accounting bodies representing 85 per cent of Canada’s professional accountants are committed to unification or have already merged under the CPA banner.
The leadership team of CMA BC, ICABC and CGA-BC signed the merger proposal on May 8, 2013. First row from left to right: Pat Kennedy, FCMA, Chair of CMA BC Board; Gordon Holloway, FCA, President of ICABC Council; and, Candace Nancke, FCGA, Chair of CGA-BC Board. Second row from left to right: Vinetta Peek, CMA(Hon.), CMA, President & CEO of CMA BC; Richard Rees, FCA, CEO of ICABC; and, Gordon Ruth, FCGA, CEO of CGA-BC.
Kerri Wilcox | Institute of Chartered Accountants of BC | 604.488.2625 | email@example.com
May 1, 2013: ICAO and CMA Ontario enter into a Memorandum of Understanding (MOU)
The Institute of Chartered Accountants of Ontario (ICAO) and the Certified Management Accountants of Ontario (CMA Ontario) have entered into a Memorandum of Understanding (MOU) regarding the commencement of formal unification negotiations. Under the terms of the MOU, the two Ontario organizations will develop an Ontario Unification Proposal. It is expected that the proposal will be finalized and presented to both memberships in mid-May. Members will have time to consider the proposal, and will then be asked to vote in June. A series of webinars and town halls are scheduled to answer member questions on unification and the implications of the discussions. Further details on the release of the Unification Proposal and the vote will be announced shortly.
April 24, 2013: CPA Canada welcomes CGA bodies return to unification talks
Today CGA-Canada, along with its international affiliates in Asia and the Caribbean and CGA bodies in the Northwest Territories/Nunavut, Yukon, Prince Edward Island and Nova Scotia, issued an announcement saying that they are rejoining the unification discussions. The return of the national CGA organization and these provincial/regional CGA bodies is welcomed by the Chartered Professional Accountants of Canada (CPA Canada). With this development, the only CGA organizations not participating in unification are Ontario and Manitoba.
This announcement means that organizations representing almost 90 per cent of Canada’s professional accountants are committed to unification under the Chartered Professional Accountant (CPA) banner. If unification is achieved with the current participants, the CPA profession will be more than 150,000 members strong and better positioned to represent the interest of members both in Canada and on the global stage.
April 22, 2013: Alberta’s three accounting bodies sign unification proposal
Today, the Chairs of CGA Alberta and CMA Alberta, and the President of the Institute of Chartered Accountants of Alberta (ICAA) announced that they have signed a plan for the unification of the three regulated accounting designations under the national CPA (Chartered Professional Accountant) banner.
Monday, April 1, 2013: Chartered Professional Accountants of Canada operational
The Chartered Professional Accountants of Canada (CPA Canada), has officially become operational. CPA Canada was established earlier this year with the unification of the Canadian Institute of Chartered Accountants (CICA) and The Society of Management Accountants of Canada (CMA Canada). The national organization supports provincial accounting bodies that have unified, and all those that will unify, under the Chartered Professional Accountant (CPA) banner. Effective April 1, the assets and operations of the CICA and CMA Canada have been transferred to the new national body. In addition, a logo was unveiled for the CPA designation. It carries with it instant recognition of the designation and features a contemporary interpretation of the iconic maple leaf.
March 20, 2013: CGA BC Members Give Strong Support to Merger
February 27, 2013: Use of the CPA Designation in BC
The Ontario CA Institute (ICAO) issued CPA designations to its 36,000 members; many BC CAs have multiple memberships, and are now CPA, CAs in Ontario or Quebec. The Institute has received several inquiries from these members regarding their use of the CPA designation in BC. In order to facilitate the use of this valid Canadian accounting designation, Council has approved the following Bylaw change that allows dual members use of the CPA, CA designation in BC.
In short, a member, who is also a member in another province or territory where the use of “CPA, CA” is authorized, may use the initials “CPA, CA” in BC.
Bylaw 370 Use of C.P.A. Designation
371 A member who is authorized in another province or territory of Canada to use or display the initials “CPA, CA” to signify the designation “Chartered Professional Accountant, Chartered Accountant” may use or display the initials “CPA, CA” in British Columbia, provided that such use or display complies with any other applicable requirements governing the use or display of those initials in that other province or territory.
372 A member must not use or display the initials “CPA” in British Columbia to signify the designation “Chartered Professional Accountant”, alone or in combination with any other words or initials, except in accordance with Bylaw 371.
Council is also exploring the feasibility of BC CA members using the CPA, CA designation prior to CPA legislation being enacted in the province. We will let you know once a determination has been made, and what it means to individual members and firms.
In the meantime, BC CAs in good standing should continue to use their CA designation, and hold themselves out as Chartered Accountants. BC CA firms, which currently use “Chartered Accountant(s)” in their name, should also continue to call themselves a CA firm.
February 26, 2013: CGA-BC re-enters unification discussions
Dear ICABC and CMABC Members:
Today, the Certified General Accountants of British Columbia (CGA-BC) issued an announcement to their members stating that the CGA-BC Board of Governors has chosen to re-enter discussions with ICABC and CMABC to support the unification of BC’s accounting profession under the Chartered Professional Accountant (CPA) designation, as part of a national initiative.
Both the CA and CMA bodies in BC welcome the announcement and the return of CGA-BC to three-party unification discussions. ICABC and CMABC will continue to move forward on their unification process and will bring CGA-BC up-to-date on the status of the merger, as they consider their next steps in rejoining talks.
We will keep you updated as developments occur.
January 29, 2013: ICAS and CMA SK issue Report to Government and provide an update on unification developments
The Institute of Chartered Accountants of Saskatchewan (ICAS) and CMA Saskatchewan (CMA SK) submitted a report to the Government of Saskatchewan detailing the results of their merger consultations, recommendations and next steps. Other significant developments based on the work of the Transitional Steering Committee (TSC) include: drafting a unification agreement between ICAS and CMA SK, crafting CPA Act legislation, and developing a transitional CPA SK joint venture to capture synergies and prepare for CPA education delivery.
January 16, 2013: New Brunswick CA, CMA and CGA accounting bodies issue announcements
On January 14, 2013, the Certified General Accountants Association of New Brunswick (CGANB) issued an announcement to its members stating that the CGANB Board of Governors has chosen to re-enter discussions with the New Brunswick Institute of Chartered Accountants (NBICA) and CMA New Brunswick (CMANB) to support the unification of the accounting profession currently taking place across Canada.
January 14, 2013: Newfoundland and Labrador CA, CMA, and CGA accounting bodies issue announcements
The Certified General Accountants Association of Newfoundland and Labrador (CGA-NL) issued an announcement today to its members stating that the CGA-NL Board of Directors has chosen to resume discussions with CMA Newfoundland and Labrador (CMA-NL) and The Institute of Chartered Accountants of Newfoundland and Labrador (ICANL) to support the unification of the accounting profession currently taking place across Canada.
The Certified General Accountants Association of Newfoundland and Labrador (CGA-NL) CA and CMA bodies in Newfoundland and Labrador welcomed the announcement and the return of CGA-NL to the unification discussions. The ICANL and CMA-NL will continue to move forward on the unification process and the drafting of legislative change/enactment while CGA-NL completes the necessary steps to re-enter the provincial merger discussions.
National CPA Canada organization established
The Canadian Institute of Chartered Accountants (CICA) and The Society of Management Accountants of Canada (CMA Canada) are pleased to announce that Chartered Professional Accountants of Canada (CPA Canada) has been established under the Canada Not-for-profit Corporations Act, effective January 1, 2013. As Canada’s newest national accounting body, CPA Canada will support provincial accounting bodies that have unified, and all those that will unify, under the banner of Chartered Professional Accountant.
In addition, a 16-member Board of Directors for the new organization has been established under co-chairs Shelley Brown, FCA and Cassandra Dorrington, FCMA. The membership of the board reflects a cross section of perspectives based on regional representation, representation of the legacy designations participating in unification and public input.