Professional matters: news and views for members — June/July 2014

CPA Canada takes home the Excellence in Financial Literacy Education Award at the 2014 Financial Education conference in New Orleans. Plus, three more regions pass CPA legislation, while surveys show that 3 in 10 Canadians have been victims of financial fraud.


CPA Canada’s Literacy Program is a Winner

In April, CPA Canada won a prestigious Excellence in Financial Literacy Education (EIFLE) Award. We were one of 16 winners, taking home the award for Organization of the Year, Nonprofit. The award, which is sponsored by the US Institute for Financial Literacy, recognizes CPA Canada’s efforts to help Canadians become better money managers. Our program includes practical publications, a website ( and free, no-obligation seminars through the Community Connect program.

"Our success wouldn’t be possible without the help of the many professional accountants who volunteer their time to help others gain financial confidence," says Cairine Wilson, CPA Canada’s vice-president of corporate citizenship.


Get the scoop on corporate disclosures and certifications

CPA Canada wrote the book on corporate disclosures and certifications. Actually, we wrote two.

Guidance for Directors helps board members of publicly traded companies understand the certification process and ask the right questions of management and the audit committee. Guidance for Management shows how to create and maintain a formal, documented certification process and how to file CEO and CFO certifications.


And then there were four

Three more regions have passed CPA legislation, bringing the total to four.

The Institute of Chartered Accountants of Bermuda Amendment Act 2014 received the Governor’s assent on March 26. CPA Bermuda became operational on April 11.

Saskatchewan’s Accounting Profession Act was passed on April 9 and New Brunswick’s Chartered Professional Accountants Act was passed on April 23.

Quebec became Canada’s first unified CPA body in 2012.

"This is a historic day for the accounting profession," says Roger Bastarache, CGA, CA, chair of the CPA New Brunswick Unification Agency.

It’s expected that the Saskatchewan and New Brunswick acts will be proclaimed this fall; then the provinces’ CAs, CGAs and CMAs will be entitled to use the CPA designation.

In other news, Ontario CMAs are now members of CPA Ontario and entitled to use the CPA designation. CPA Ontario and Ontario CGAs will vote on a unification proposal in June.

Manitoba CAs, CGAs and CMAs have signed a Joint Venture Agreement.

Nova Scotia CAs, CMAs and CGAs have released the Nova Scotia Merger Proposal, which puts them on the road to new legislation.


3 in 10 Canadians victimized by financial fraud