ALBERTA LEGISLATURE PASSES CPA ACT The Chartered Professional Accountants Act passed its third and final reading in the Alberta Legislature on December 9, 2014, and received Royal Assent on December 17, 2014. The act is a historic piece of legislation for the profession in Alberta. ON THE PATH TO UNIFICATION Although the Chartered Professional Accountants Act has received passage in the Legislature, it will not come into force until proclamation at a later date. Once proclaimed, the act will: replace the Regulated Accounting Profession Act as the governing document for the profession in Alberta create the Chartered Professional Accountant (CPA) designation in Alberta establish CPA Alberta as the single governing body for the designated profession in the province NEXT STEPS Before proclamation, Alberta members must vote on and approve the new Rules of Professional Conduct, Bylaws and Regulations for the profession. It is anticipated that this vote will occur in late spring of 2015. Until the legislation is passed and proclaimed, Alberta members are not allowed to use the CPA designation. They should continue to use their legacy designation(s) until legislation is proclaimed in 2015. Status of unification across Canada All 40 accounting bodies in Canada have either unified or are participating in discussions to unite under the Chartered Professional Accountant (CPA) banner. Stay up to date on unification news.