CPA unification benefits for members, businesses and the public

The unified Chartered Professional Accountant (CPA) profession provides significant benefits for professional members, the business community and the public.

Unification of the Canadian accounting profession under the Chartered Professional Accountant (CPA) banner builds on the strengths of the Chartered Accountant (CA), Certified Management Accountant (CMA) and Certified General Accountant (CGA) designations  to provide significant benefits for professional members, the business community and the public.

Members gain a new designation with broad expertise in all areas of accounting

Members keep their current designation and gain the CPA designation, which represents broad expertise in all areas of accounting, including:

  • financial accounting
  • management accounting
  • assurance
  • taxation

Securing rights to the global designation of choice

  • Aligning with the most recognized global accounting designation best protects long-term value.
  • Mutual Recognition Agreements will be maintained and expanded to include the world’s most prominent bodies, providing maximum global mobility.

Common regulatory processes

Common processes will enhance trust and confidence in the profession among employers and the public and provide enhanced mobility for members:

  • a new common certification program
  • a single set of high ethical and practice standards
  • a common code of conduct
  • a common code of practice inspection
  • a common code of discipline processes

Efficiencies and economies of scale

  • Unification reduces the number of governing bodies from 40 to 14, significantly simplifying operations and governance, and reducing marketplace confusion.
  • Marketing spending to support the interests of all CPA members is more efficient.
  • Gains from increased efficiencies can be reinvested in:
    • enhancing member services such as post-designation specialty programs and professional development
    • creating new products that enhance members’ practices and career goals
    • developing communities of interest and networking opportunities

More power with a unified voice

A larger, cohesive voice representing over 200,000 member:

  • more effectively represents member interests for domestic policy, legislation and regulatory issues
  • is stronger and more effective in dealing with global alliances and other international designations

Ensure international standards meet Canadian needs

Canada has traditionally punched above its weight when it comes to influencing accounting and auditing standards. By combining the strengths of the three legacy designations, Chartered Professional Accountants of Canada (CPA Canada) has become one of the three largest accounting bodies in the world, enhancing our ability to protect the interests of Canadian businesses that increasingly must face the need to comply with standards set outside our borders.