BRITISH COLUMBIA LEGISLATURE PASSES CPA ACT The Chartered Professional Accountants Act passed its third and final reading in the British Columbia Legislature on March 4, 2015. Although the Act has received passage in the Legislature, it will not become a law until it receives Royal Assent and is signed by the Lieutenant Governor. As a law, it comes into effect at the time of proclamation, which is determined by the Cabinet. Update: On March 25, 2015, the Chartered Professional Accountants Act received Royal Assent. The Act is expected to be proclaimed this summer, once the government has approved the new CPA Bylaws and Regulations. NEXT STEPS The existing accounting bodies will continue to work together to formally establish the new unified regulatory body, the Chartered Professional Accountants of BC (CPABC). Over the coming months, the regulatory team will develop the new CPA Bylaws and Bylaw Regulations, and the Code of Professional Conduct. 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.