A New Approach for CPA Ontario
CPA Ontario Provides Notice of Intent to Conclude Current Arrangement with CPA Canada
TORONTO, ON, June 20, 2023 – CPA Ontario, the regulatory body responsible for overseeing Chartered Professional Accountants and accounting firms in Ontario, has provided notice of intent to conclude its current arrangement with CPA Canada and align on new working relationships. The change to CPA Ontario’s relationship with CPA Canada, which coordinates certain services and programs for Provincial, Territorial and Bermudian bodies, will take effect in 18 months, in accordance with the terms of its existing agreement.
The size and complexity of Ontario’s economy is unique in Canada. The critical role CPAs play in safeguarding it demands responsive, streamlined and efficient management of their professional body. This decision will enable CPA Ontario to better protect the public, serve members and students, and advance the profession by being more nimble and innovative.
“As well as being home to Canada’s largest capital markets, financial institutions and pension funds, Ontario has one of the largest information technology and innovation clusters in North America, as well as robust manufacturing, energy, mining and agriculture,” said Jean Desgagné, CPA, CA, chair, CPA Ontario Council. “With new challenges facing Ontario businesses every day, it is our duty to ensure CPAs protect the public by meeting the highest standards of integrity and expertise, while advancing the profession by staying ahead of global economic and technological trends.”
“This decision by the CPA Ontario Council follows extensive and thoughtful discussions with Provincial, Territorial and Bermudian bodies, as well as with CPA Canada,” said Carol Wilding, FCPA, FCA, president and CEO, CPA Ontario. “We will ensure the continuity of member services, student learning and mobility of CPAs across provincial and international borders.”CPA Ontario remains committed to working closely with Provincial, Territorial and Bermudian bodies on matters important to the profession, including maintaining a world-class, portable CPA designation.
About the Chartered Professional Accountants of Ontario
We protect the public. We advance the profession. We enable CPAs to lead business and society forward. We ensure that our more than 100,000 members and 20,000 students meet the highest standards of integrity and expertise. We help them stay ahead of global market trends and abreast of regulatory change. CPAs represent a globally recognized, premium designation. Our Chartered Professional Accountants are valued by organizations in all industries for their financial expertise, strategic thinking, management skills and leadership. We believe that success happens when both business and society benefit.