CPA Nova Scotia legislation receives Royal Assent

Professional accountants in Nova Scotia will be governed by one organization, Chartered Professional Accountants of Nova Scotia, as the province completes the required legislation to merge the three former accounting bodies.

On the path to unification

On November 27, 2015, legislation was introduced to allow the Nova Scotia CGA, CMA and CA bodies to merge their 4000 accounting professionals into a single organization, Chartered Professional Accountants of Nova Scotia (CPANS).

CPANS and a board of directors were established in May 2015 when the new CPA designation was created. Today’s second stage legislation will complete the merger and create the regulatory framework for CPANS to govern the membership. "This legislation will create a single accounting designation in the province," said Patricia Towler, CEO of CPANS. "The public can have full confidence that it is the highest standard in accounting and business excellence in Canada… We are thrilled the final legislation is now before the House."     


Read the full news release from the Nova Scotia Finance and Treasury Board.    

UPDATE

On December 11, 2015, the Chartered Professional Accountants Act passed Third Reading in the Nova Scotia House of Assembly. On the same date, legislation respecting amendments to the Public Accountants Act also passed third reading. On December 18, both acts received Royal Assent in the Nova Scotia legislature.

Before legislation is proclaimed into force, by-laws for CPANS will need to be filed with the Province. A draft set of by-laws are currently being prepared and then CPANS  will engage in a consultation process with the legacy bodies through their boards and the transition steering committee. A final proclamation date has not yet been set.

Highlights

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