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CPA Canada, Ontario, Quebec Reach Agreements on Split
CPA Canada and its Ontario and Quebec counterparts agree on future education, exams and standards, after the latter's official split.
English
Canada
Labour MarketEducationRegulationGovernanceAccountingProfessional Standards
Cpa CanadaCpa OntarioQuebec Cpa Order
Pamela SteerCarol Wilding
- What prompted the split between the provincial organizations and CPA Canada?
- The split, effective December 20, 2024, is due to disagreements over governance between the national and provincial organizations. These disagreements stemmed from a multi-year review process, ultimately leading to the decision by Ontario and Quebec to separate from CPA Canada.
- What are the key provisions of the agreements concerning education, exams, and standard-setting?
- The agreements preserve the current education pathway for students, maintain funding for standard-setting, and guarantee access to the CPA Canada handbook for Ontario and Quebec CPAs. This ensures continuity for those pursuing accounting credentials.
- What options do CPAs in Ontario and Quebec have regarding membership with CPA Canada after the split?
- While CPA Ontario and the Quebec CPA Order will separate from CPA Canada, CPAs in these provinces can separately remain members of the national organization. This option was presented after member consultations and provides ongoing national affiliation opportunities.
- How will the responsibilities be divided between CPA Canada and the provincial organizations after the split?
- CPA Canada will continue to focus on national standards, while CPA Ontario and the Quebec CPA Order will manage regulation and enforcement within their respective provinces. This division of responsibilities maintains professional standards while accommodating the differing governance preferences of the involved parties.
- What agreements have CPA Canada, CPA Ontario, and the Quebec CPA Order reached regarding the accounting profession?
- CPA Canada, CPA Ontario, and the Quebec CPA Order have reached agreements on education, exams, and standard-setting for the accounting profession, ensuring a smooth transition after the provincial organizations' split from the national body on December 20, 2024.