Three accounting bodies in Newfoundland and Labrador sign unification agreement

CA, CMA and CGA bodies in Newfoundland and Labrador have agreed to work together to unite under the national CPA banner.

Today, the chairs and CEOs of the Society of Certified Management Accountants of NL (CMA‐NL), the Certified General Accountants Association of NL (CGA NL), and the Institute of Chartered Accountants of NL (ICANL) announced that they have signed an agreement to pursue unification. The three self‐regulated accounting professions are working to unite under the Chartered Professional Accountant (CPA) designation.

The three organizations, in collaboration with the other Atlantic professional accounting bodies, will jointly deliver the nationally-developed CPA Professional Education Program (CPA PEP) to Newfoundland and Labrador students beginning in the fall of 2014. The CPA Prerequisite Education Program (CPA PREP) will launch in July 2013 in NL for students who require additional subject area coverage before enrolling in CPA PEP in 2014.

The ICANL, CMA-NL, and CGA NL are working on appointing a Transitional Steering Committee to further guide the strategic direction and development of CPANL, and to support the development of the implementation of the CPA educational program. A further plan to merge all member services and operations is under development and members will be updated as work continues.