It is with great pride that we announce the enactment on September 1st, 2014 of the Chartered Professional Accountants Act, 2014, Chapter 28 of the Legislative Assembly of New Brunswick resulting from the unification of the CAs, CGAs and CMAs.
With over 2,200 active members in New Brunswick and more than 190,000 members in Canada, the CPAs provide essential business and financial expertise to companies in all sectors of the economy.
New Brunswick’s professional accounting bodies, the New Brunswick Institute of Chartered Accountants (NBICA), the Certified General Accountant of New Brunswick (CGA-NB), and the Certified Management Accountants of NB (CMA-NB) have signed a merger agreement and are working together to establish the Chartered Professional Accountants of New Brunswick (CPA New Brunswick). When the merger is complete, CPA New Brunswick will boast 2,200 members, students and candidates.
New Brunswick’s CPAs will serve the public interest across all sectors of the economy, and do so with integrity, sound ethical practices, and proven strategic management and financial expertise. All CPAs and CPA candidates will abide by stringent ethical standards or face strict disciplinary measures.
NBICA, CGA-NB, and CMA-NB protect the public interest through rigorous educational and certification programs to uphold the highest professional standards and ethics.
As our provincial partners work towards unification we can look forward to a 185,000 strong national body, making the Canadian CPA one of the five largest accounting bodies in the world. We will be better able to represent our members and Canadian business in today’s global economy. Unification will also help with mobility issues within Canada and provide a more efficient process for attracting internationally trained accountants, as well as ensure proposed changes to international standards are appropriate for Canadian market needs.
Who is involved in unification in New Brunswick?
New Brunswick’s professional accounting bodies, the New Brunswick Institute of Chartered Accountants (NBICA), the Certified General Accountant New Brunswick (CGA-NB), and the Certified Management Accountants of New Brunswick (CMA NB) have signed a merger agreement and are currently working together to establish the Chartered Professional Accountants of New Brunswick (CPA New Brunswick).
Who is involved in unification across Canada?
Currently, accounting bodies representing all of Canada’s more than 185,000 professional accountants are working to achieve unification or have already merged under the CPA banner.
Has CPA legislation been passed in NB?
Yes. As of September 1st 2014, the Chartered Professional Accountants of New Brunswick has formally been established with the passing of the Chartered Professional Accountants Act (Bill 52) by the Government of New Brunswick and is the sole regulatory body for NB’s 2,200 designated member, students and candidates.
Can designated accountants currently use the CPA designation in NB?
The three legacy bodies introduced by-laws that regulate how the designation "Chartered Professional Accountant" or the initials "CPA" may be used by their members in conjunction with their legacy designation prior to CPA legislation being enacted (i.e., CPA, CA; CPA, CMA; or CPA, CGA).
Will CPA be a fourth accounting designation in addition to CA, CMA, and CGA?
No. The Chartered Professional Accountant (CPA) designation has grown out of the belief that Canada needs a single, unified accounting profession. All participating bodies (CA, CMA, and CGA) are seeking to unify and merge under CPA, which is now the largest, single, accounting designation in Canada, with 71,000 members in Ontario and Quebec.
Where is CPA an active designation?
Currently, Quebec’s 35,000 CAs, CMAs, and CGAs have merged under the CPA designation. CPA legislation was passed there in May 2012. In Ontario, the CA Institute passed a bylaw change, and its 36,000 members are now using the CPA designation. CMA Ontario is working to merge with the Ontario CA Institute. CPA Canada, the profession’s national body, became operational on April 1, 2013. Other provinces are currently in the unification proposal stages and progress is ongoing.
How will the transition to CPA New Brunswick benefit the public?
All new CPAs will be trained under a common, high quality certification program, ensuring the same high standards of training across the profession, reducing confusion and simplifying hiring processes for recruiters and business clients. In addition, all designated accountants will be regulated by one body, and under harmonized standards and regulations.
Should I contact CPA New Brunswick if I have questions or need to make an inquiry regarding a legacy member?
Yes. As of September 1st 2014, CPA New Brunswick will manage regulatory responsibilities for CPA members separately, including discipline and other matters.
Will members have to qualify/re-certify to become a CPA?
No. Once CPA legislation is passed in NB, all members in good standing will be automatically granted the CPA designation. As a member of an accounting body that’s unified under the CPA banner, members will be a CPA, CA; CPA, CMA, or CPA, CGA, which indicates their legacy designation.
What does this mean for a public accounting firm?
Consistent with the CPA brand strategy, CPA New Brunswick and the Unifiying Bodies intend that Public Accounting Firms will eventually replace their reference from a Legacy Designation to a CPA or Chartered Professional Accountant.
Updated: September 1st, 2014
It is with great pride that CPA New Brunswick Unification Agency announced that provincial legislation to formalize the unification of our three accounting bodies into CPA New Brunswick the Chartered Professional Accountants Act (Bill 52), was passed on April 23rd in the New Brunswick Legislature. This legislation outlined the standards and defined the Chartered Professional Accountants of New Brunswick (CPA New Brunswick) as a professional self-governing body. Following the announcement that the CPA New Brunswick legislation received passage, the Chartered Professional Accountants Act received Royal Assent on Wednesday, May 21.
September 1st marked the official day that the Chartered Professional Accountants of New Brunswick was formally established with the passing of the Chartered Professional Accountants Act (Bill 52) by the Government of New Brunswick.
The CPA New Brunswick is governed by an Executive and Board of Directors made up of elected members, and public or lay members who are appointed by the provincial government to represent the public interest.
CPA New Brunswick’s Executive and Board of Directors
|Roger Bastarache, CPA, CGA, CA||Chair|
|Deborah McQuade, MPA, FCPA, FCMA, CA||Vice-Chair|
|Kevin Hoyt, FCPA, FCGA||Secretary-Treasurer|
|Calvin MacInstosh, MBA, FCMA||DIRECTOR|
|Cathy Rignanesi, CPA, CA||DIRECTOR|
|Darrell Stewart, FCPA, FCGA||DIRECTOR|
|Julie Bernard, FCPA, FCGA||DIRECTOR|
|Kevin Dumaresque, CPA, CA||DIRECTOR|
|Pierre Verret, MBA, CPA, CMA, C.Dir||DIRECTOR|
|John Bleumortier, NBICA Lay Rep||DIRECTOR|
|André LaPlante, CGANB Lay Rep||DIRECTOR|
Nancy Whipp, CPA, CA Chief Executive Officer
Uniting Canada’s accounting profession under the Chartered Professional Accountant (CPA) banner will enhance the profession’s influence and relevance, and allow it to contribute with a strong single voice both at home and internationally. Canada’s CPAs serve the public interest by developing, monitoring, and enforcing the highest standards of competence and ethical conduct. They are valued by organizations of all types for their financial expertise, strategic thinking, business insight, management skills and leadership.
The Canadian Institute of Chartered Accountants (CICA) and CMA Canada joined together on January 1, 2013, to create CPA Canada as the national organization to support unification of the Canadian accounting profession. CPA Canada became operational on April 1, 2013, and an integrated CPA Canada website was launched in January 2014. CGA-Canada has signed a Participation Agreement with CPA Canada and is in unification discussions with the new national body.
CPA New Brunswick will manage regulatory responsibilities for members, including discipline matters. If you are concern about a CPA’s conduct and you wish to file an inquiry or register a complaint about a Chartered Professional Accountant firm, or have questions about the CPA discipline process, contact the Director – Professional Standards at (506) 830-3300 or by email at firstname.lastname@example.org
You can also mail a private & confidential complaint to:
CPA New Brunswick
860 Main Street, Suite 602
CPA New Brunswick is responsible for regulation through the Chartered Professional Accountants Act (Bill 52) by the Government of New Brunswick for CPA members, By-Laws and Rules of Professional Conduct including annual professional development reporting.
Please take note of the following guidelines governing the use of designations once CPA New Brunswick comes into effect.
Effective September 1, 2014, a member who holds a Legacy Designation
(a) may continue to use the Legacy Designation which the member was authorized to use by the Legacy Body, and indefinitely thereafter, so long as the member remains a member of the CPA New Brunswick, and
(b) may use the designation “C.P.A.”, “CPA”, “chartered professional accountant” or “comptable professionnel agréé” so long as the member’s Legacy Designation is appended thereto, provided that ten years after the coming into force of this Act or such earlier date as may be prescribed, the member may cease appending the Legacy Designation.
For those members who fall under (b) above, acceptable designation usage would be as follows:
As for those who hold multiple designations, they may now identify themselves as follows:
For members who do not hold a Legacy Designation, they may only use the designations: “C.P.A.”, “CPA”, “chartered professional accountant” or “comptable professionnel agréé” in the manner prescribed.
We encourage you to include the CPA title to your name followed by the legacy designation on your business card, in your email signature and in your online profiles. You can take pride in the fact that all New Brunswick’s accountants are now united under a single banner - CPA. By sharing the same title, members will benefit from marketing consolidation of the accounting profession and from a single voice to defend their interests.
In order to remain consistent with the CPA branding strategy, CPA New Brunswick will require public accounting firms to replace the reference to their legacy title by the CPA title or the wording "Chartered Professional Accountant". Public accounting firms will be able to present themselves to the public in any of the following ways:
Public accounting firms that were not registered or licensed by a legacy body at the coming into force of CPA New Brunswick, upon becoming registered or licensed with CPA New Brunswick, shall only represent themselves to the public using the designations “CPA” or "Chartered Professional Accountant". These firms will not be able to present themselves using one of the legacy designations.
Notwithstanding the permitted styles under (2 and 3) above, all public accounting firms registered with CPA New Brunswick shall only represent themselves using the designation “Chartered Professional Accountant” when signing and issuing assurance reports of any kind.
Public accounting firms who want to include the CPA Brand on their stationery, signage, website and other promotional items may receive the files and the user's guidelines by contacting CPA New Brunswick.
The 2014 CPA New Brunswick Fall Professional Development Conference will take place at the Delta Beauséjour in Moncton, NB, from October 14th-17th. The closing event will be this year the CGA Congratulations Gala which will be held on October 18th.
This gathering event will mark one of the most important moment for this profession in New Brunswick, be proud to take part! You can access the conference official program and information about the featured professional development sessions by viewing or downloading the PDFs, hurry to reserve your place!
Note: Refund and cancellation upon special request.
CPA New Brunswick is pleased to introduce 36 CPA, CA candidates who have successfully completed the 2014 Uniform Evaluation (UFE).
CPA New Brunswick
860 Main Street, Suite 602
Tel.: 506 830 3300
Fax: 506 830 3310