Certified Management Accountants
Time to Secure Our Future: Uniting the Canadian Accounting Profession

BC Unification Information – Latest News
 

November 11, 2013 - CPA Saskatchewan announces introduction of legislation

October 1, 2013 - B.C.’s Professional Accountants Sign Historic Agreement

September 23, 2013 - Use of CPA designation by members
At the ICABC and CMABC Special General Meetings held on Thursday, September 19, and the CGA-BC Annual General Meeting held on Saturday, September 21, the proposed changes to our respective bylaws were passed, which will regulate use of the CPA designation by BC members. If members wish to use the CPA, it must be accompanied by the legacy designation. This means the credentials would be listed as “CPA, CA”, “CPA, CGA”, or “CPA, CMA”. For more details, please refer to this letter sent to BC members.

September 17, 2013 - The P is for Professional: CPA Canada launches national multi-media advertising campaign

May 9, 2013 - BC’s Accountants Unite under Chartered Professional Accountant Designation
   The Chairs and CEOs of the Certified Management Accountants Society of BC (CMA BC) and the Certified General Accountants Association of BC (CGA-BC), and the President and CEO of the Institute of Chartered Accountants of BC (ICABC) have signed an agreement to pursue a merger. The three self-regulated accounting professions are working to unite under the Chartered Professional Accountant (CPA) designation. Read the press release and member announcement.

April 2, 2013 - CMABC and ICABC sign unincorporated joint venture 
   The Certified Management Accountants of BC and the Chartered Accountants of BC have signed an unincorporated joint venture, which is effective as of April 2, 2013. This joint venture is the next step to unifying the two designations as we work to establish the Chartered Professional Accountant (CPA) designation in BC. Read the full announcement.

March 19, 2013 - CGA-BC members give strong support to merger
   CGA-BC issued a statement indicating that members in B.C. have strongly supported the Board’s decision to return to merger discussions with the B.C. Institute of Chartered Accountants and the Society of Management Accountants to create the Chartered Professional Accountant (CPA) designation. Read the full announcement.

February 26, 2013 - CGA-BC re-enters unification discussions
   
Today, the Certified General Accountants of British Columbia (CGA-BC) issued an announcement to their members stating that the CGA-BC Board of Governors has chosen to re-enter discussions with ICABC and CMABC to support the unification of BC’s accounting profession under the Chartered Professional Accountant (CPA) designation, as part of a national initiative. Read the full announcement.

February 14, 2013 - Bylaw amendment passed at Special General Meeting 
   A Special General Meeting to vote on  special resolutions allowing  CMABC to enter into a contract to affiliate with ICABC to establish an unincorporated Joint Venture was held on February 14, 2013. Sections 12 (12.1 and 12.2) were passed. Section 12 will be officially added to the Society’s bylaws once approved by the BC Government. Click here to read the notice of the Special General Meeting with the bylaw amendments.

October 19, 2012 - ICABC and CMABC sign agreement to pursue merger
   We are pleased to announce that the leadership of the Institute of Chartered Accountants of British Columbia(ICABC) and the Certified Management Accountants Society of British Columbia (CMABC) have signed an agreement to pursue a merger. Accordingly, the two organizations will work together to become the Chartered Professional Accountants of BC (CPABC).
   After extensive consultation, the agreement was reached following unanimous votes by the CMABC Board and the ICABC Council in favour of unifying the two organizations. Together, ICABC and CMABC will petition the provincial government to update their legislation and legally merge the two organizations. Read the full announcement.

November 5, 2012 - Member Update
   We are writing to follow up on the recent announcement regarding the ICABC and CMABC signing a merger agreement. We will be meeting with the BC government soon to discuss updating our respective legislation, merging our two organizations, and the establishment of CPABC.
   Nationally, the launch of CPA Canada is scheduled for January 1, 2013, and we anticipate increasing activity and integration in the months ahead - most urgently to support the CPA certification program. ICABC and CMABC need to move quickly in order to stay in step with national developments and represent our members' interests with CPA Canada. We also need to begin work on merging the operations of our two organizations, and be ready to offer and run the CPA program in September 2013. Read the full announcement.

 


Unification Framework and Proposals

On January 17, 2012, the leaders of CMA Canada, CGA Canada and the CICA introduced the following documents that review what a framework to unify the Canadian accounting profession would look like.

Unification Framework
CPA Certification Program

Provincial Merger Proposal
In support of the Unification Framework and the new CPA Certification Program, the ICABC Council, CMA BC Board and CGA-BC Board released a British Columbia Merger Proposal, based on common principles. Click here to review the British Columbia Proposal (89KB).

 


Merger Advisory Vote Results

Thank you to all members who participated in the CMA BC member advisory vote on the proposed merger. A total of 3,772 CMA members took part in the vote, representing 80% of the membership.

When asked "Do you support the unification of the accounting designations in Canada?", 94% of respondents said yes. Five percent of respondents said no, and 1% were indifferent.

When asked "Do you support the unification in British Columbia of the Certified Management Accountants of British Columbia and the Institute of Chartered Accountants of British Columbia?", 89.8% of respondents said yes. 3.5% of respondents indicated that the elected Board should decide, and 5.2% of respondents said no. 1.5% percent of respondents chose not to answer the question.

The results of the vote indicate that there is strong support among the CMA BC membership for the merger and the unification of the accounting profession within Canada. CMA BC and ICABC continue to work towards the development of a detailed merger plan that can be implemented as part of the national unification initiative.


 

Important Resources



www.cpacanada.ca




www.bccpa.ca

Latest News from Across Canada

October 24, 2013 - CGA Ontario to re-enter unification discussions with CPA Ontario and CMA Ontario
October 24, 2013 - CGA Manitoba to enter unification discussions with ICAM and CMA Manitoba 
October 17, 2013 - Three Saskatchewan bodies sign Joint Venture Agreement
September 16, 2013 - CGA-Canada announces member vote as the Integration Agreement between CPA Canada and CGA-Canada is approved
June 21, 2013 - Three accounting bodies in Newfoundland and Labrador sign unification agreement
June 18, 2013 - Progress continues in CPA Canada and CGA-Canada discussions
June 17, 2013 - CMA Manitoba and CA Manitoba sign joint venture agreement and provide update on CGA Manitoba
June 6, 2013 - CA and CMA bodies in Saskatchewan announce positive vote results and sign Joint Venture Agreement
May 15, 2013 - ICAO and CMA Ontario release provincial unification proposal
April 30, 2013 - CA and CMA bodies in Nova Scotia welcome the return of CGA bodies to discussions
April 24, 2013 - CPA Canada welcomes CGA bodies' return to unification talks
April 22, 2013 - Alberta’s three accounting bodies sign unification proposal
April 2, 2013 - Saskatchewan CAs and CMAs sign agreement to pursue merger and establish CPA Saskatchewan
April 1, 2013 - A new leaf: CPA Canada's new visual identity introduced
March 28, 2013 - CAs and CMAs in Nova Scotia issue announcements
March 22, 2013 - Newfoundland CA, CMA and CGA accounting bodies release provincial merger proposal
February 7, 2013 - CA Manitoba and CMA Manitoba sign agreement to pursue merger and establish CPA Manitoba
January 16, 2013 - New Brunswick CA, CMA and CGA accounting bodies issue announcements
January 4, 2013 - National CPA Canada organization established
December 7, 2012 - ICAS and CMA Saskatchewan pursue merger agreement
December 4, 2012 - Alberta CA, CMA and CGA accounting bodies issue announcements
November 16, 2012 - CMA Ontario Board of Directors supports unification under CPA banner
November 15, 2012 - CMA Newfoundland & Labrador announces positive vote results
November 2, 2012 - CPA Quebec clarifies misinformation circulating regarding ACCA MRA
October 31, 2012 - Vote results indicate Saskatchewan CAs and CMAs are in favour of unification
October 25, 2012 - Ontario CA Council confirms plans to issue CPA to members and participate in CPA Canada
October 24, 2012 - CPA Competency Map and Knowledge Supplement now available
October 23, 2012 - Electronic vote results indicate Nova Scotia CAs and CMAs are in favour of unification
October 19, 2012 - ICABC and CMA BC sign agreement to pursue merger and establish CPABC
October 12, 2012 - CMA and CGA Alberta boards vote to unify
October 11, 2012 - Saskatchewan CAs and CMAs release merger proposal
October 10, 2012 - National CPA Canada organization expected in early 2013
October 4, 2012 - Ontario CAs take steps to issue CPA designation and become part of CPA Canada
October 1, 2012 - Manitoba and CA and CMA bodies move to CPA Certification Program next year

CPA Canada Updates
Read the latest issue of the CPA Canada Update or sign up for an E-Alert to receive the latest news by email.

 

Questions or Comments

If you have any questions about the merger discussions or would like to learn more, please contact CMA British Columbia at:

Suite 1000 - 900 West Hastings Street
Vancouver, BC V6C 0C4
604-687-5891
Toll-free: 1-800-663-9646
cmabc@cmabc.com

Merger Contact:
Vinetta Peek, CMA (Hon.), CMA
President and Chief Executive Officer
 

 

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