Public Trust Committee

The Public Trust Committee (PTC) oversees the ethics standards and self-regulatory processes of the Chartered Professional Accountant (CPA) profession and serves to protect the integrity of the profession while maintaining public confidence and trust.

The PTC serves the public interest by promoting further national harmonization of the profession’s self-regulatory policies and practices.

Role of the PTC

The PTC oversees the ethics standards and self-regulatory processes of the CPA profession.

The ethics standards are based on five fundamental principles that govern the behaviour of all CPAs:

  • professional behaviour
  • integrity and due care
  • professional competence
  • confidentiality
  • objectivity

The detailed ethics standards are embodied in the profession’s Rules of Professional Conduct (RPC) and are monitored and enforced through the profession’s self-regulatory activities. 

Protecting the public

The PTC’s structure assists the profession by identifying and addressing issues in a consultative and timely process. The PTC reports to the Chartered Professional Accountants of Canada (CPA Canada) board through the profession’s Council of Chief Executives (CCE).

Harmonization of the profession’s policies and processes

The PTC supports improved harmonization of the profession’s policies and processes to protect the public by:

  • recommending policies and strategies to uphold public confidence and trust in the CPA profession
  • monitoring international developments in ethics
  • reviewing and responding to proposed changes to independence and other ethics standards
  • monitoring the development and renewal of the profession’s harmonized RPC
  • monitoring the development and renewal of the profession’s regulatory requirements and processes, including disciplinary and practice inspection processes
  • identifying matters which have or may have an impact on the public’s trust and confidence in the profession and to research and address them
  • communicating and promoting any recommendations to improve the public’s confidence in the profession to the CCE and ultimately to those charged with governance of the profession
  • approving the terms of reference of committees or task forces created under its auspices

Learn more about the PTC’s terms of reference.

The PTC is empowered to:

  • initiate, review and commission research, and consult with appropriate parties within and outside the profession
  • authorize committees and task forces that do the same
  • adopt harmonized independence standards for CPAs, in both English and French, and ensure they are kept up to date

Committee membership

CPA Canada’s PTC was established in June 2014. 

The committee is a standing committee of the CCE and is subject to a five-year mandatory review to be performed by the CCE. The committee consists of up to 10 members:

    • a chair, normally a member of the CCE and appointed by the CCE
    • at least one additional member of the CCE
    • three public representatives
    • five additional members

    In addition, committee members shall be appointed such that the committee includes at least one and not more than three members, representative of each of the regions.

    The committee members serve for a three-year term, once renewable, and staggered to provide continuity.

    Current members

    Chair

    • Rachel Miller, FCPA, FCA
      Alberta

    CCE representative

    • TBD

    Members at large

    • Ron Colucci, FCPA, FCGA
      Ontario
    • Brian Friedrich, FCPA, FCGA
      British Columbia
    • Glen Greencorn, CPA, CMA
      Nova Scotia
    • Martine Picard, FCPA, FCA
      Quebec
    • Tom Warner, FCIS, PAdm
      Ontario

    Public Representatives

    • Mario Albert
      Quebec
    • Barry Sheppard
      Newfoundland and Labrador
    • Naresh Agarwal, PhD
      Ontario

    Secretariat

    • Michele Wood-Tweel, FCPA, FCA
      CPA Canada

    Highlights

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