Released on November 10, 2014
Chartered Professional Accountant Designation Established by Saskatchewan’s Accountants
Legislation to create the Institute of Chartered Professional Accountants of Saskatchewan (CPA Saskatchewan) was proclaimed today.
This means professional accountants in Saskatchewan are now represented by a single, self-regulating body and share a new, common designation—Chartered Professional Accountant (CPA).
“The Accounting Profession Act is part of the broader initiative to merge provincial professional accounting associations across Canada,” Finance Minister Ken Krawetz said. “This legislation strengthens and unifies the accounting profession in our province. The new CPA designation also lets Saskatchewan people know that they are dealing with professionally-trained and regulated accountants.”
“Today, the provincial government proclaimed the CPA Saskatchewan legislation, allowing the CAs, CMAs and CGAs in Saskatchewan to legally merge, and establish CPA Saskatchewan—one of the largest professional organizations in the province,” CPA Saskatchewan Chair Martin McInnis said. “By establishing CPA Saskatchewan, we’ll be able to better protect the public’s interests as they now have one regulatory body to refer to. We’ll also be to eliminate marketplace confusion about the different accounting designations.”
The CPA designation is Canada’s pre-eminent accounting and business designation. With more than 5,000 members and students in Saskatchewan, and more than 190,000 members across Canada, CPAs are providing crucial financial expertise in businesses in every sector of the economy.
“We’re excited to have successfully arrived at this significant milestone, having merged all three accounting designations,” McInnis said. “It shows Saskatchewan’s leadership in accounting and business.”
CPA Saskatchewan ensures the protection of the public and the visibility of the profession. It represents all areas of expertise of the accounting profession, including assurance, financial accounting, management and management accounting, finance and taxation.
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