We will continue to keep all members informed of the status of our reciprocity agreements. The Canadian CPA profession and the Association of Chartered Certified Accountants (ACCA) are currently negotiating a new agreement defining how members of the professionals involved can obtain the designation of the other profession. Members of the two institutions that apply under this agreement should also remain members of their original designation. The Canadian CPA profession and the Association of Chartered Certified Accountants (ACCA), which is based in the United Kingdom, are currently negotiating a new agreement defining how professionals can obtain the designation of the other professional profession. In order to enable negotiations, national bodies representing the relevant professions have agreed to withdraw from their existing Mutual Recognition Agreement (MRA). Any new agreement will facilitate continued access to the profession while ensuring that the public interest is protected by maintaining entry standards in each profession at the appropriate level. CGA Provincial Bodies and CGA Canada signed the Existing Mutual Recognition Agreement (MRA) with the Association of Chartered Certified Accountants (ACCA) in 2011. Following the unification of Canada`s three different accounting positions in 2014, the commitments of each CGA body that was a party to the agreement were transferred to the new CPA body for that jurisdiction. With the exception of CPA Bermuda, which did not have an older CGA body, and CPA Quebec, which announced the termination of the ACCA on October 17, 2012, the new CPA bodies continued to join the agreement. On April 8, 2020, CPA Canada submitted a notice to the ACCA for the MRA to terminate the MRA effective April 30, 2021. The agreement applies to members of both institutions, regardless of where they are in the world, with the exception of the province of Quebec. ACCA members residing in Canada must apply through the provincial association in which they reside. The ACCA and the Certified General Accountants Association of Canada (CGA-Canada) have entered into a Comprehensive Mutual Recognition Agreement (MRA).
Initially signed in 2006, the contract was renewed in July 2011. In 2012, CGA Canada was part of CPA Canada. The MRA remains in effect in all provinces except Quebec. In 2020, we renewed our Mutual Recognition Agreement (MRA) with the Hong Kong Institute of Certified Public Accountants (HKICPA). The renewed agreement will be in effect until June 30, 2025. The process of negotiating a new agreement between CPA Canada and the ACCA has already begun and will continue in the coming months. In order to support the government`s vision, we have signed a long-term strategic partnership agreement with the prestigious local audit association of the VAE – AAA (Association of Accountants and Auditors) – to improve the financial sector in the United Arab Emirates: NOTE: Due to the exit of the agreement and the expected scale of applications, we recommend that you begin the accreditation process as soon as possible within this MRA. Processing times may vary depending on the volume. They have achieved ACCA membership by successfully completing the final part of the ACCA`s professional program and by meeting the ACCA`s practical experience requirements (members who are members of another professional organization through participation in the MRA are not eligible under this MRA); Only full members of the ACCA can qualify to be members of the CPA, CGA under the MRA. Graduating from a recognized university if you were admitted to the ACCA after December 31, 1997; and have no open ethical claims or disciplinary action in the five years prior to your application being filed with CPA Ontario. Click here for more frequently asked questions on the CPA Canada website. Once your application has been approved by the Registrar, you can apply to become a member of CPA Ontario.
Members will receive the names of professional accountant and certified general accountant and are therefore allowed to use the initials CPA, CGA in Ontario.