The final withdrawal of the two provincial accounting bodies is expected to take 18 months to complete
The main accounting bodies for Ontario and Quebec have suddenly announced plans to withdraw from Canada’s national accounting organization, which calls the unilateral move “disappointing and shocking.”
CPA Canada chief executive Pamela Steer told The Globe and Mail that she was “disappointed and shocked” that CPA Ontario and Quebec CPA Order have decided to sever ties with the national organization. The three groups proposed a unification framework in 2012, and by late 2014, all three had become part of the new CPA Canada. At the time, the groups said the framework for unification was driven, in part, by having a common certification program, a single set of high ethical and practice standards, and to govern the accounting profession in an effective and efficient manner.
“Those discussions on a renewed governance actually started five years ago and has led to essentially where we are today – with Ontario and’s unilateral notification of withdrawal with no notice to our provincial colleagues, and no opportunity for members to have a full and frank consultation,” Ms. Steer said.
In a release, CPA Canada said they remain “committed to addressing the items raised with a sense of urgency,” but that any resolution must involve all provincial, territorial and Bermudian CPA bodies and not solely focus on the wishes of one or two provinces.
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