Chartered Professional Accountant

CPA Competency Map

The CPA Competency Map lays the foundation for the CPA certification program, including education, accreditation, examinations, and practical experience requirements, and describes the knowledge, skills and proficiency levels you must achieve to become a Canadian CPA.

Technical Competencies

1. Financial Reporting
2. Management Accounting
3. Strategy & Governance
4. Audit & Assurance
5. Corporate Finance
6. Taxation

Enabling Competencies (2020)

1. Acting Ethically and Demonstrating Professional Values
2. Leading
3. Collaborating
4. Managing Self
5. Adding Value
6. Solving Problems and Making Decisions
7. Communicating

Former CFE Competency Map (2019):

1. Professional & Ethical Behaviour
2. Problem solving & Decision making
3. Written & Oral communications
4. Self Management
5. Leadership & Teamwork

Background

Origin of name

"Chartered Professional Accountant" is borrowed from a similar but aborted Australian merger attempt in 1998. It has been registered as an EU Community trademark by the Institute of Chartered Accountants in England and Wales. However, applications to register "CPA" as such were either withdrawn or refused.

History

For more than 100 years, Canada has seen several accounting designations, which eventually coalesced around the titles of "chartered accountant", "certified management accountant" and "certified general accountant". In time, it became increasingly harder to distinguish between them, as candidates in all bodies had to essentially meet the same requirements for entry. The Government of Quebec undertook a review which resulted in the goal of a merger under common regulations.

Registration as a Canadian trademark was originally sought by the Ordre des comptables agréés du Québec in September 2010, but the application lapsed. It was subsequently secured by the Institute of Chartered Accountants of Ontario in August 2011.

In January 2012, A Framework for Uniting the Canadian Accounting Profession was issued by the following three organizations: the Canadian Institute of Chartered Accountants (CICA), the Society of Management Accountants of Canada (CMA Canada) and Certified General Accountants of Canada (CGA-Canada). This framework set out a proposal to unite members of the existing designations and their 40 national and provincial accounting bodies into the Chartered Professional Accountants of Canada (CPA Canada), employing a common CPA designation.

On October 1, 2014, the union of Canada's accounting profession became complete with the integration of the CGA-Canada and CPA Canada, placing all of Canada's recognized national accounting bodies under the singular CPA banner. The Canadian CPA designation has since grown to more than 210,000 members in Canada and around the world.

Reason for Canadian adoption

The move to adopt the CPA designation was the latest of a series of consolidating moves that has affected the Canadian accounting profession between 1880 and 2010, of which the last significant merger occurred between Canadian chartered accountants and certified public accountants in the 1960s. Several attempts were made to merge the CGAs and CMAs during the 1960s, as well as of all three bodies during the 1970s. A subsequent merger attempt between chartered accountants and certified management accountants occurred in 2004, being promoted by their leaders but failing to secure adequate membership support.

In 2011, all three main bodies agreed to work towards a merger that would see a new organization with 180,000 professional members and 10,000 candidates and registered students. This new accounting body would be one of the largest in the world. Proponents of the 2012 proposal to unite the profession under the CPA argued that it would strengthen the influence, relevance and contribution of the Canadian accounting profession with domestic and international stakeholders and serve the public interest through common codes of conduct, disciplinary systems and licensing regimes.

The guiding principles for the unification were expressed to be:

:* Evolution to a single designation over a 10-year transition period :* Continued use of existing designations (used in combination with the CPA, e.g.:CPA, CGA) :* Retention but no expansion of rights (ie, current mutual recognition agreements would be confined to legacy members concerned) :* A uniform certification process for new members :* Introduction of post-certification specialty programmes :* Branding the CPA designation, with de-emphasis of legacy designations :* Common code of conduct, regulations and the practice of public accountancy :* Merged operations and governance

Timeline

|row1-1-at=1875 |row1-1-text=Major events |row1-1-shift= |row1-1-lift= |row1-1-arrow= |row1-2-at=1902 |row1-2-text=establishment of DACADominion Association of Chartered Accountants |row1-2-shift= |row1-2-lift= |row1-2-arrow= |row1-3-at=1951 |row1-3-text=DACA becomes CICACanadian Institute of Chartered Accountants |row1-3-shift= |row1-3-lift= |row1-3-arrow= |row1-4-at=2012 |row1-4-text=new CPA designation introduced in Quebec |row1-4-shift= |row1-4-lift= |row1-4-arrow= |row1-5-at= |row1-5-text= |row1-5-shift= |row1-5-lift= |row1-5-arrow=

|row2-1-at=1875 |row2-1-text= |row2-1-shift= |row2-1-lift= |row2-1-arrow= |row2-2-at=1920 |row2-2-text=formation of CSCACanadian Society of Cost Accountants, eventually becoming the Society of Management Accountants of Canada in 1977 and CMA Canada in 1985 |row2-2-shift= |row2-2-lift= |row2-2-arrow= |row2-3-at=1968 |row2-3-text=creation of CICA Handbook |row2-3-lift= |row2-3-arrow= |row2-4-at= |row2-4-text= |row2-4-shift= |row2-4-lift= |row2-4-arrow=

|row3-1-at=1908 |row3-1-text= formation of General Accountants' Association |row3-1-shift= |row3-1-lift= |row3-1-arrow= |row3-2-at=1982 |row3-2-text=GAA becomes CGA Canada |row3-2-shift= |row3-2-lift= |row3-2-arrow= |row3-3-at= |row3-3-text= |row3-3-shift= |row3-3-lift= |row3-3-arrow=

|row4-1-at=1875 |row4-1-text=Other |row4-1-shift= |row4-1-lift= |row4-1-arrow= |row4-2-at=1880 |row4-2-text=formation of Association of Accountants in Montrealfirst accounting organization in North America, and predecessor of the Ordre des comptables agréés du Québec |row4-2-shift= |row4-2-lift= |row4-2-arrow= |row4-3-at=1939 |row4-3-text=CSCA split |row4-3-shift= |row4-3-lift= |row4-3-arrow= |row4-4-at=1962 |row4-4-text=CA/CPA merger |row4-4-shift= |row4-4-lift= |row4-4-arrow= |row4-5-at=2013 |row4-5-text=formation of CPA Canada |row4-5-shift= |row4-5-lift= |row4-5-arrow=

|row5-1-at=1883 |row5-1-text=creation of ICAOInstitute of Chartered Accountants of Ontario, succeeding the Institute of Accountants and Adjusters of Ontario formed in 1879 |row5-1-shift= |row5-1-lift= |row5-1-arrow= |row5-2-at=1909 |row5-2-text=restructuring of DACA as a federation of provincial Institutes |row5-2-shift= |row5-2-lift= |row5-2-arrow= |row5-3-at=1985 |row5-3-text=RIA designation superseded by CMA |row5-3-shift= |row5-3-lift= |row5-3-arrow= |row5-4-at= |row5-4-text= |row5-4-shift= |row5-4-lift= |row5-4-arrow=

|row6-height=3em |row6-1-text = |row6-1-to = 1880 |row6-1-colour= |row6-2-text = Chartered Accountant |row6-2-to = 2022 |row6-2-colour=#ffff99

|row7-height=3em |row7-1-text = |row7-1-to = 1918 |row7-1-colour= |row7-2-text = Certified Public Accountant |row7-2-to = 1962 |row7-2-colour=#E5E4E2

|row8-height=3em |row8-1-text = |row8-1-to = 1950 |row8-1-colour= |row8-2-text = Accredited Public Accountant |row8-2-to = 1998 |row8-2-colour=#EFDFBB

|row9-height=3em |row9-1-text = |row9-1-to = 1914 |row9-1-colour= |row9-2-text = Certified General Accountant |row9-2-to = 2022 |row9-2-colour=#99ff99

|row10-height=3em |row10-1-text = |row10-1-to = 1927 |row10-1-colour= |row10-2-text = Certificate of efficiency |row10-2-to = 1941 |row10-2-colour= |row10-3-text = Registered Industrial Accountant |row10-3-to = 1985 |row10-3-colour=#ccffff |row10-4-text = Certified Management Accountant |row10-4-to = 2022 |row10-4-colour=#ffccff

|row11-height=3em |row11-1-text = |row11-1-to = 2012 |row11-1-colour= |row11-2-text = CPA |row11-2-to = 2025 |row11-2-colour=#E5E4E2

|axis-nudge=-0.8em

Notes

References

References

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