Skip to main content

CGA Canada authorised to conduct statutory audit of companies+Equal treatment of accounting institutes ...

CGAs are employed by businesses of all sizes and from all sectors. A number of them are partners in public practice firms; others work in government, industry, commerce, or non-profit sector. As of 2005, CGAs are authorized by provincial legislations to perform audits of public companies in every province and territory in Canada, except Quebec.

Judicial rulings have granted CGAs the rights to audit a selected list of public bodies in Quebec. Pursuant to the terms of the Agreement of Internal Trade (AIT), CGA-Canada has commenced challenges to the audit restrictions in Quebec. The AIT panel ruled that the Government of Quebec must take actions to resolve the barrier of entry into Quebec public accounting for CGAs. As of December 2006, the Quebec Government on introducing legislation that, if passed, will open the field of public accounting to CGAs in Quebec.

On 18 December 2006, CGA Canada and the Association of Chartered Certified Accountants (ACCA) announced a Mutual Recognition Agreement to take effect on 1 January 2007. Details
Certified General Accountant (CGA) is a professional designation representing accountants and members of the Certified General Accountants Association of Canada (CGA-Canada), provincial and territorial CGA Associations as well as CGA Associations overseas, which was founded in 1908 and was officially established by an Act of Parliament on June 6, 1913. Having over 41,000 certified members and 23,000 students in 2006, CGA is the second largest and fastest growing professional accounting designation in Canada.

In order to become a CGA, one must successfully complete the CGA professional studies program, which consists of 15 foundation and advanced courses, four professional admission certification examination (PACE) courses, and two business cases. A candidate must also hold a post-secondary bachelor degree and satisfy practical experience requirements before certification.

The CGA program of professional studies is currently being offered in Canada, in Bermuda, in several Caribbean countries, and in a number of universities throughout China and Hong Kong. CGA currently has about 2,000 international members.
Blog Contributed by RV
PS: Added by SP

RSS Feeds to keep you alive and up-to-date
  1. Management Accountant
  2. Accountancy News
  3. My Favorite Blogs that I track


santoshputhran said…
Comment from Davindar, Canada which I got in my inbox


Here IN CANADA they are around 50000 CGA 's which are fighting for statutory audit with CA . Recently their is a amendment in the law.


DavindarS Bhatia

Popular posts from this blog

Poll : Does CIMA, UK qualification add value

Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog. Poll: Vote here I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting. However if you pursue qualification like Company Secretary or CPA or ACCA , your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills. Which one promotes you as professional better against your name: AICWA, ACMA or AICWA, ACS or AICWA, CPA or AICWA, ACCA Widgets Regards, Santosh

Learning Curve Theory

Learning Curve Theory is concerned with the idea that when a new job, process or activity commences for the first time it is likely that the workforce involved will not achieve maximum efficiency immediately. Repetition of the task is likely to make the people more confident and knowledgeable and will eventually result in a more efficient and rapid operation. Eventually the learning process will stop after continually repeating the job. As a consequence the time to complete a task will initially decline and then stabilise once efficient working is achieved. The cumulative average time per unit is assumed to decrease by a constant percentage every time that output doubles. Cumulative average time refers to the average time per unit for all units produced so far, from and including the first one made. Major areas within management accounting where learning curve theory is likely to have consequences and suggest potential limitations of this theory. Areas of consequence: A Standard

Resistence to Change - Approaches of Kotter and Schlesinger

The Six (6) Change Approaches of Kotter and Schlesinger is a model to prevent, decrease or minimize resistance to change in organizations. According to Kotter and Schlesinger (1979), there are four reasons that certain people are resisting change : Parochial self-interest (some people are concerned with the implication of the change for themselves ad how it may effect their own interests, rather than considering the effects for the success of the business) Misunderstanding (communication problems; inadequate information) Low tolerance to change (certain people are very keen on security and stability in their work) Different assessments of the situation (some employees may disagree on the reasons for the change and on the advantages and disadvantages of the change process) Kotter and Schlesinger set out the following six (6) change approaches to deal with this resistance to cha