CA and CMA bodies in Saskatchewan announce positive vote results and sign Joint Venture Agreement

Saskatchewan CAs and CMAs will move forward with full unification in partnership with CGAs.

Today, the leadership teams of The Institute of Chartered Accountants of Saskatchewan (ICAS) and CMA Saskatchewan (CMA SK) issued a joint member communication announcing they have signed a Joint Venture (JV) Agreement. The JV will allow the organizations to jointly perform member-focused non-regulatory functions prior to the enactment of CPA legislation, such as providing member services, delivering the CPA certification program and merging operations.

In addition, the member announcement detailed the results of the recent member vote on three-way unification. The vote results indicate that the majority of respondents support inclusion of CGA Saskatchewan in the unification initiative, as follows:

ICAS: 60.1% of the membership participated; 65.0% of respondents voted yes
CMA SK: 52.3% of the CMA SK membership participated; 87.6% of respondents voted yes

The Councils of ICAS and CMA SK considered the results of the member votes, other stakeholder feedback received and the status of the unification initiative in other provinces, and agreed to pursue full unification in Saskatchewan. The next step towards full unification in Saskatchewan is amending the Unification Agreement to include CGA SK.

On May 31, ICAS and CMA SK jointly submitted a draft of CPA SK legislation, which was written to accommodate full unification, to the provincial government. The inclusion of CGA SK will provide the opportunity for the three accounting bodies to work together with the provincial government to introduce the CPA SK legislation during the Fall 2013 sitting of the Legislative Assembly.