Achieving our four unification objectives would result in benefits for members.
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Best positions the profession to protect the public through the provision of a common certification program and a single set of high ethical and practice standards.
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Enhances and protects the value of your designation in an increasingly competitive and global environment. |
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Contributes to the sustainability and prosperity of the Canadian accounting profession. |
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Governs the accounting profession in an effective and efficient manner. |
A New Designation with Broad Expertise
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Members would retain their current designation and add the Canadian Chartered Professional Accountant (CPA) designation, which would become the pre-eminent designation and business credential for professional accountants who work in every sector of the economy.
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The Canadian CPA designation would represent a unique combination of expertise in all areas of accounting, including financial and management accounting, assurance and taxation. It would evolve into a globally recognized business credential in the areas of financial and strategic management, business leadership, and auditing and assurance competencies.
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Steps would be taken so that members would have access to post-designation specialty programs.
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Securing Rights to the Global Designation of Choice
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Securing alignment with the most recognized global accounting designation would best protect the value of the Canadian profession’s designation in the long run.
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Coming together under the Chartered Professional Accountant banner would align us with both CA and CPA, if either, or both, designations emerge as globally dominant.
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Mutual Recognition Agreements would be maintained and expanded with the world’s most prominent CA, CPA and other significant bodies, facilitating members’ mobility globally.
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A fully unified profession would reduce the number of governing bodies from 40 to 14 and significantly simplify operations and governance.
Common Regulatory Processes
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A new common certification program and a single set of high ethical and practice standards, common code of conduct and practice inspection and discipline processes would create a strong foundation on which to build the unified profession, and would be more efficient and effective.
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Greater harmonization would enhance trust and confidence in the profession amongst employers and the public at large.
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A common regulatory framework would enhance inter-jurisdictional mobility for all members.
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Efficiencies and Economies of Scale
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A fully unified Canadian profession would reduce the number of governing bodies from 40 to 14, significantly simplifying operations and governance, and reducing confusion in the marketplace.
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Marketing dollars would be more efficiently used to support the interests of all CPA members.
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Gains from increased efficiencies could be re-invested in:
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• Enhancing member services, such as post-designation specialty programs and professional development.
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• Creating new products that enhance members’ practices and career goals.
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• Developing communities of interest and networking in the members’ many areas of activity.
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A Powerful Organization with a Unified Voice
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A single voice representing as many as 170,000 Canadian members would more effectively represent member interests with respect to domestic policy, legislation and regulatory issues affecting the accounting profession.
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A larger, more cohesive voice would ensure the Canadian accounting profession continues to effectively influence international standard setting bodies and other global organizations.
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A united force would be stronger and more effective in dealing with global alliances and other designations that are becoming increasingly international in scope.
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