TORONTO, April 24, 2013 /CNW/ - The return of several Certified General Accountant (CGA) organizations to unification discussions is welcomed by the Chartered Professional Accountants of Canada (CPA Canada).
With the returning bodies included, organizations representing almost 90 per cent of Canada's professional accountants are committed to unification under the Chartered Professional Accountant (CPA) banner.
While most CGA bodies had earlier withdrawn from the discussions, some provincial organizations eventually returned. Today, CGA-Canada, the designation's national body, 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 announced that they too are rejoining the discussions. With this announcement, the only CGA organizations not participating in unification are Ontario and Manitoba.
"This is a positive and significant step forward," says Kevin Dancey, FCPA, FCA, president and CEO, CPA Canada. "Our goal has always been to achieve unification of the entire Canadian accounting profession."
Unification has already taken place in the province of Quebec. CPA Quebec and the Institute of Chartered Accountants of Ontario (ICAO) became the first organizations to join CPA Canada earlier this year. Other provincial bodies will join CPA Canada once implementing legislation is passed.
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 interests of members both in Canada and on the global stage.
"Unification will enhance the influence, relevance and contribution of the Canadian accounting profession both at home and internationally," explains Dancey. "Operations and governance will be simplified, efficiencies found and the profession will speak with a stronger unified voice. We will be able to invest more strategically in our members and in support of the Canadian accounting profession."
More information about the unification effort can be found at www.cpacanada.ca.
About CPA Canada
CPA Canada is the national organization representing the Chartered Professional Accountant (CPA) profession in Canada. The Canadian Institute of Chartered Accountants (CICA) and The Society of Management Accountants of Canada (CMA Canada) created the organization on January 1, 2013, to support unification of the Canadian accounting profession under the CPA banner. CPA Canada is responsible for providing services to CAs and CMAs on behalf of CICA and CMA Canada as well as to CPAs and CGAs participating in the unification effort. CPAs 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 almost 90 per cent of Canada's professional accountants are committed to unification or have already merged under the CPA banner.
SOURCE: CPA Canada
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