Posts tagged ‘CPA’

October 29, 2012

Chartered Professional Accountant (CPA)

by Scott Roehl

During my presentations and sessions over the last year with students, I’ve been sharing information about the discussions in Canada to unite the Canadian Accounting Profession. This has included sharing information about the Framework for Uniting the Canadian Accounting Profession and encouraging students to follow the CPA Canada website for the latest developments.

As it relates to Manitoba, both the CA Council and CMA Manitoba Board have endorsed moving forward with the new CPA Certification Program in 2013.

The vision of the new CPA designation is to be the pre-eminent internationally recognized Canadian accounting and business credential that best protects and serves the public interest.  The new CPA Certification Program provides the foundation for that vision. It builds on the best of existing education programs, creating a challenging and rigorous certification process that meets the needs of business, public practice and government.

The new CPA Certification Program will meet or exceed all International Federation of Accountants (IFAC) standards for education, assessment and practical experience. It will also meet or exceed the requirements of the leading global accounting bodies, ensuring the new profession can maintain existing and establish new Mutual Recognition Agreements (MRAs).

Students (and anyone considering an accounting designation) should explore the details of the new CPA Certification Program by visiting www.cpaone.ca.

 

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March 2, 2012

No Student Left Behind

by Scott Roehl

If there is a theme to some of the questions I have received from students since late last fall, it has been one of concern about what happens during the transition period if the accounting profession becomes unified. One principle of the merger discussions as stated in the Guiding Principles for Unification is that the combined accounting body would evolve in to a single designation with a new Chartered Professional Accountant (CPA) Certification Program. So what happens if you have focused studies to meet the requirements for the CMA Program?

First, it is important to note that further information on the merger discussions has been released over the last couple of months which will help ease some concerns. If you haven’t had the opportunity, I encourage you to read the following documents (they can also be accessed at www.cpacanada.ca):

With the magnitude of such a change, you can be assured that a transition would be carefully managed and communicated so that no student gets left behind. Stated in the CPA Certification Program document, “we believe it would take at least 18 months to create the new CPA certification program. This would mean at the earliest, transition timing would be:

  • September 2013: The new CPA Certification Program would be launched. All new candidates would start in this program
  • Fall 2015: The first CPA final examination would be offered.”

In the short-term while a CPA certification program is implemented, the CMA Strategic Leadership Program and its entrance requirements would continue to exist. So long as the CMA Program is offered, students who have an interest in completing the designation would follow the entrance requirements and complete program components. At the time of the CPA Program introduction, future students would enter the CPA Certification Program. Those individuals already in the CMA Program would complete studies and attain the CMA designation.

Students are recognized as important stakeholders in this process and CMA Manitoba will continue to provide updates and important information as it becomes available.