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CA Manitoba and CMA Manitoba submitted a report detailing the results of the consultations regarding a merger of the two organizations to the Minister of Finance and Minister of Entrepreneurship, Training and Trade in early June 2012. Representatives of Manitoba's CA and CMA leadership met with Mr. John Clarkson, Deputy Minister of Finance, and Mr. Hugh Eliasson, Deputy Minister of Entrepreneurship, Training and Trade, on June 27, 2012, to discuss the report.
In addition, the Deputy Ministers were informed of the progress being made across the country. Also discussed were the next steps and timeline to accomplish the goal of enacting new legislation to create CPA MB.
Government officials expressed willingness to work with us as we establish a proposed new legislative framework and continue to monitor developments across the country. Prior to enacting new legislation, the government would also consider draft legislation developed in other provinces. It is likely that new legislation would not be enacted in Manitoba prior to 2014.
Click here to read the report submitted to the government which was approved by Council at its meeting on May 31, 2012.
July 4 - CMA and CGA Alberta member vote shows strong support for unification
In a communication to members, the CMA and CGA bodies in Alberta reported that 75% of members who cast a vote are in support of their unification plan; with an additional 3.9% in support of unification, but not the plan. Of its combined Alberta membership of 13,000, 70% participated in the unification vote. Going forward, the CMA and CGA bodies stated they will continue to follow the unification plan and carry on discussions with their provincial affiliates and Alberta CA colleagues. They will also request that their respective Boards undertake a final vote to determine the next steps to move forward. Additional information is available on the joint CMA and CGA Alberta website.
June 29 - ICAS provides detailed member feedback on unification initiative
The Institute of Chartered Accountants of Saskatchewan (ICAS) provides an update to members on unification and shares the results of its member survey conducted in April/ May and the Town Hall sessions held in March. The survey had a 43% response rate and shows 50.1% of ICAS members in favour of unification; 34.3% against and 15.6% undecided. Town Hall results indicate stronger support, with 74% of members in favour of unification, 10% against and 16% undecided.
June 28 - ICAPEI member advisory vote shows strong support for unification
In a communication to members, the Institute of Chartered Accountants of PEI (ICAPEI) reports that 64% of members who cast a vote are in favour of unification, 8% elect to have council decide and 28% are against a merger. A total of 118 members representing approximately 38% of the membership participated in the vote.
Click here for the schedule of ICAPEI member advisory vote results
June 28 - ICAO reaffirms commitment to unification
In an update to members, the newly elected chair of the Institute of Chartered Accountants of Ontario (ICAO) reaffirms CA Ontario’s continued belief in the benefits of unification and its commitment to remaining part of the national unification process to ensure its members have a voice in the discussions.
June 26 - ICANL announces that initial results of its member vote show support for unification
In a message to members the Institute of Chartered Accountants of Newfoundland and Labrador (ICANL) releases the initial results of its Member Advisory Vote held in June.
Sixty-one percent (468) of ICANL members voted, with 62% of those voting in favour of the ICANL Boards’ merger proposal; 32% voting against and 6% voting to let the elected Board decide. Another 77% of participants voted in favour of becoming affiliated with a national body of CPAs should CPA emerge as the predominant accounting designation in Canada. Results will be adjusted once final paper ballots are received.
May 28, 2012 - CA and CMA organizations confirm unification discussions continue despite the decisions by most CGA bodies, including CGA-Canada to withdraw from our formal discussions.
At leadership meetings held in Toronto and Vancouver, national and provincial leaders of the CA and CMA organizations evaluated recent developments in Quebec, the status of unification discussions in other provinces, and the recent withdrawal of a number of CGA organizations from the discussions. At the conclusion of these meetings, the leaders of both professions independently reaffirmed their commitment to unification and provided direction to the CICA and CMA Canada to continue with national unification activities.
May 23 - ICABC releases vote results – shows support for unification
In a message to members, the Institute of Chartered Accountants of British Columbia (ICABC) has released the preliminary results of its members’ vote that was held in May. Those results indicate that over 4,800 BC CAs voted, representing 43% of the membership—the highest participation level in decades: 52% support the unification of the existing accounting Acts into one Act; 9% believe that elected Council should decide; and 39% do not support unification.
June 22 - New video presentation on the CPA Certification Program
A critical part of the discussions regarding the unification of the Canadian accounting profession involves the development of a new CPA certification program. Tashia Batstone, CEO, Institute of Chartered Accountants of Newfoundland and Labrador and Co-Chair, CPA Certification Steering Committee, discussed key components of the CPA certification model, timing and transition at the June 2012 CAAA conference.
Click here to watch the video.
Click here to view PowerPoint slide presentation (PDF version).
May 29 - Influential thought leaders express solid support for unification
A united profession under the CPA designation is a strategically sound and practical long-term solution that is in the best interests of Canadians, according to 26 out of 28 influential Canadian and international stakeholders surveyed. Among others, participants included former auditor general Sheila Fraser, past comptroller generals Rod Monette and Charles-Antoine St-Jean, former chairs of the Ontario Securities Commission, Ed Waitzer and David Brown, current and recent pension fund managers, David Denison and Claude Lamoureux, and business leaders John Manley, Catherine Swift and Bob McFarlane.
Click here to read the report.
Click here to read the press release.
May 29 - Academic paper outlines potential benefits of unification for self-regulation
An academic analysis authored by William Lahey, Associate Professor, Schulich School of Law, Dalhousie University, concludes that unification would strengthen and streamline the profession’s self-regulatory function and enhance its capacity to fulfill its mandate: to protect and advance public interest.
Access a summary of the paper including a link to the full report here.
July 18, 2012
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