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On October 1, 2014, the union of Canada's accounting profession became complete with the integration of the CGA-Canada and CPA Canada, placing all of Canada's recognized national accounting bodies under the singular CPA banner. [14] The Canadian CPA designation has since grown to more than 210,000 members in Canada and around the world. [15]
The CICA's role – in concert with all provinces, territories – is to develop and maintain consistent, uniform standards for the profession's qualification process. These standards ensure the portability of the CA designation across Canada and internationally through various mutual recognition agreements. Admission to the CA profession requires:
Since 2012, the CICA has been in a process of unification with the other two accounting bodies in Canada. Canadian CA's, along with Certified General Accountants (CGAs) and Certified Management Accountants (CMAs), have now adopted the designation Chartered Professional Accountant (CPA), making the term "chartered accountant" obsolete. [12]
Chartered Professional Accountants of Canada (CPA Canada) (French: Comptables professionnels agréés du Canada) is the national organization representing the Canadian accounting profession through the unification of the three largest accounting organizations: the Canadian Institute of Chartered Accountants (CICA), the Society of Management Accountants of Canada (CMA Canada) and Certified ...
In April 2008, CGA-Canada and CPA Australia entered into a MRA to extend the global reach of both organizations into new continents. In June 2009, CGA-Canada and CPA Ireland entered into a mutual recognition agreement. The MRA establishes a strategic partnership between the two leading accounting organizations and gives members the opportunity ...
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RPA's are also eligible to write the Forensic Certified Public Accountant exam offered by the Forensic CPA Society in the state of Washington, USA. Additionally, RPA Canada has entered into a mutual recognition agreement with Javeriana University in Columbia as part of ongoing work between the Columbian and Canadian accounting industries. [5]
Demand for trained accountants arose as early as the 1840s, when the first Canadian professional accounting firms were organized in Toronto and Montreal. [2]The Association of Accountants in Montreal was organized as the first accounting organization in North America in 1879 [3] (and only the fifth such organization in the world), [4] and was incorporated by an Act of the Legislative Assembly ...