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State Board Report

October 2014

As of October 1, ICGA Canada has united with the Chartered Professional Accountants of Canada (CPA Canada), to complete the merger of what had previously been three national Canadian professional associations. CPA Canada now has more than 190,000 members.

In his update to the October 6 conference call of the NASBA/AICPA International Qualifications Appraisal Board, Chair Emeritus William Treacy (TX) reported: CPA Canada’s Professional Education Program has developed and delivered four of the six planned Core and Elective Modules with the remaining two to be delivered later this fall. Some of the examinations of the Cores and Electives have been delivered and the Common Final Examination is in development, as are the modules that will lead to that examination. The first sitting of the Common Final Examination will be in September 2015. The Practical Experience Requirements are complete and candidates started using the reporting tool to track their experience in September 2014.

The renewal date for the tri-partite mutual recognition agreement developed by IQAB for the State Boards, CPA Canada (previously the Canadian Institute of Chartered Accountants) and the Instituto Mexicano de Contadores Públicos is scheduled for December 2016.

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