CPA Prince Edward Island legislation receives passage

The CPA Prince Edward Island Oversight Committee announced provincial legislation to formalize the unification of the three accounting bodies into CPA Prince Edward Island.

The CPA Prince Edward Island Oversight Committee is pleased to announce that provincial legislation to formalize the unification of the three accounting bodies into CPA Prince Edward Island was passed on November 27, 2014, in the Prince Edward Island Legislature. This legislation outlines the standards that will define CPA Prince Edward Island as a professional self-governing body.

Although the Chartered Professional Accountants and Public Accountants Act has received passage in the Legislature, it will not come into force until proclamation at a later date.

The existing accounting bodies will continue to work together to complete the tasks necessary to ensure a smooth transition to the new organization. Once the legislation is proclaimed, CPA Prince Edward Island will be officially created and members will be notified and provided with guidelines for the use of the CPA.