CAs in BC
You may think of chartered accountants as “number crunchers” or people who only do tax. But the CA profession has changed dramatically over the past half century, keeping pace with the rapid evolution of business. CAs are still the leading authority on tax issues and auditing, but did you know they’re also at the forefront of new business valuations; corporate and personal financial planning; insolvency; and environmental and forensic accounting and assurance?
Today, more BC CAs work in industry than in public practice—as presidents, chief executive officers, and chief financial officers, for instance—and many are entrepreneurs, running their own businesses. Roughly 30% work in public practice as partners, employees, and sole-practitioners, providing a wide range of business advice and services to individuals and large and small business clients. The remainder work in the public sector, in government, and in education.
If the individual you select to help you with your personal or professional financial needs has a “CA” after their name, rest assured that you are dealing with someone who has experienced the most diverse and in-depth training of any professional accountant.
By virtue of an unparalleled and rigorous academic program, a minimum entry requirement of a university degree (or equivalent), and the requisite three years of experience in an approved CA Training Office, the recipients of the CA designation achieve superior and unique qualifications.
In short: CAs are trained to find solutions to complex business problems.
What can a CA do for you?
A chartered accountant (CA) is a business leader who upholds the highest of standards. Trust, integrity, independence—these values set CAs apart, and make choosing a CA the best business decision, period.
CAs can help you with:
And the list goes on. Whatever the challenge, a CA will help you make the right business decisions.
Integrity & Accountability
CAs are trained by professionals who share the core values of fairness, trust, and integrity. These values are reaffirmed by membership in a 100-year-old professional organization.
The CA designation is backed by a code of conduct and ethics that guides all members in their professional decisions and actions. CAs are accountable to their clients and to the CA profession, and their professional conduct is held to high standards by provincial and national governing bodies. In addition, all CAs working in public practice are reviewed at least once every three years by the provincial institute.
Any concern about professional conduct is investigated thoroughly, and any CA who contravenes the rules is disciplined accordingly. Punishments range from a reprimand or remedial education to suspension or expulsion from CA membership.
Click here for more information on how Institute protects the public interest.
Knowledge & Experience
To become a CA, individuals complete university-level studies, work for three years at an approved CA Training Office, and complete intensive specialized studies in one of the toughest professional education programs the world has to offer.
The requirement for training at an approved CA Training Office ensures the experience CAs obtain meets the profession's rigourous standards. Experience obtained in public practice exposes CAs to a wide variety of industries, businesses and organizations. Experience obtained in the corporate or public sector exposes CAs to a wide range of rotations to different departments, locations, functions, and projects. All CAs receive professional mentorship in the early years.
And the learning doesn't stop after they complete their exams. CAs are continually updating, refreshing, and enhancing skills to make sure they're able to provide you with the best service. In fact, all CAs in BC are required to complete annual professional development courses based on their areas of practice.
Hiring a CA puts an experienced professional on your team
Thinking about hiring a CA? Check out our online firms listing: Find a CA Firm.
Private and public sector employers looking for CAs to take on management or financial roles can also take advantage of our employment services, available at: Post a Job.
CA Education and Training
All CAs must have a university degree or equivalent to apply to the Institute's CA School of Business (CASB). CASB provides them with a rigorous academic program that covers assurance, taxation, advanced accounting, and written communications. At the same time, CA students are employed at an approved CA Training Office where they must spend a minimum of three years-this is known as the "articling" period. Most CAs identify the articling phase as the most valuable and unique part of their training since it gives them exposure to a wide variety of businesses and organizations or departments, locations, functions, and projects, and introduces them to the high standards of business practice, behaviours, and ethics they will be expected to emulate throughout their careers.
If you are working with a chartered accountant and have national or international interests, you’re in luck too. CAs are the only professional accountants who are authorized to practice all aspects of public accounting, including the audits of public companies, everywhere in Canada. Also, CAs set the national accounting and assurance standards for Canada to which all accountants must adhere. The CA designation is internationally recognized with reciprocity to many countries throughout the world.