On June 24, The Chartered Professional Accountants Act was brought into force, legally establishing the Chartered Professional Accountants of British Columbia (CPABC) and officially amalgamating the Certified General Accountants of British Columbia, the Certified Management Accountants Society of British Columbia, and the Institute of Chartered Accountants of BC. The legacy bodies ceased to exist immediately upon proclamation of the new Act. All assets, liabilities, and responsibilities previously held by the legacy bodies have now been assumed by CPABC.
CPABC now represents over 38,000 members, candidates and students. The CPA designation is Canada’s pre-eminent accounting and business designation with over 190,000 members across Canada. CPAs are providing crucial financial expertise to businesses in every sector of the economy and in all areas of accounting, including financial accounting, management accounting, strategy and governance, finance, audit and assurance, and taxation.
By combining the strengths of the three legacy designations, CPA has become one of the five largest accounting bodies in the world, and in BC, the Chartered Professional Accountants are the second largest professional organization just behind and College of Registered Nurses of BC and ahead of the Association of Professional Engineers and Geoscientists of BC.
For more information about the CPA Act and CPABC, please visit the CPABC website: www.bccpa.ca