The provincial accounting bodies that regulate chartered professional accountants in Ontario and Quebec have parted ways with CPA Canada over the future governance of Canada’s accounting profession, buy a CPA Ontario certificate.
Both organizations, CPA Ontario and CPA Quebec, said their provincial economies are “unique” and their decision to sever ties with the Canadian Institute of Chartered Professional Accountants is in the public interest. The change will come into effect in 18 months, when the current partnership agreement between the provincial and national agencies will end.
The announcements exposed divisions among the governing bodies of Chartered Professional Accountants. The industry’s governance is governed by a partnership agreement that outlines roles, standards and a cost-sharing structure. It was created during industry unification in 2013, with a five-year review included in its terms.
The agreement has been under review by a working group for several years and negotiations are ongoing, order a Ontario CPA certificate, buy CPA Canada certificate. CPA Canada said in a release it was “disappointed and surprised” by the news and urged Ontario and Quebec to “reengage” and work with “world-class mediators.” Pamela Steele, CEO of CPA Canada, told The Globe and Mail that the dispute revolves around ‘several key issues’ with both provinces seeking more control over the profession. “
