Canada
ACCA announced a Mutual Recognition Agreement with CGA Canada effective from 1 January 2007; renewed in 2011 for a further 5 years period until December 2017. As of 2006, Canadian Institute of Chartered Accountants, World Education Services and the Odette School of Business at the University of Windsor indicated that the evaluation recognized ACCA as having the Canadian equivalence of a Bachelor's Degree (four years) in Accounting. The Canadian branch of ACCA is pursuing recognition for statutory audit purposes in the province of Ontario under the province's Public Accounting Act of 2004
Canadian Institute of Chartered Accountants (CICA) and Certified Management Accountants in Canada (CMA Canada) announced a joint qualification “Chartered Professional Accountant or CPA Designation”, but whether this designation will impinge on ACCA's application for recognition in Ontario is uncertain. Already the newly formed CPA has labelled ACCA as 'advancing a global expansion strategy that targets Canada'http://cpacanada.ca/controlling-our-destiny-in-a-rapidly-evolving-professional-environment/ and many feel the CICA deem ACCA a threat. On November 29th 2012, the ACCA revealed its ongoing legal battle with the CICA where it infered that the CICA, altogether, is attempting to stop it from operating in Canada. It is however arguing that the actions of the CICA infringe Canada's Competition Act and so the CA bodies will have to answer these allegations in the trademark proceedings, which are ongoing. http://www.accaglobal.com/en/discover/news/2012/11/acca-canada.html
A proposal to consolidate accounting profession in Canada, incorporating CICA, CMA Canada and CGA is to use “Chartered Professional Accountant” or CPA. A 10-year transitional period would require all CPA members to use CPA-"legacy designation" rather than the newer designation.The direction of the merger is however uncertain at this point.
There are over 3500 members and students in Canada.
Read more about this topic: Association Of Chartered Certified Accountants, Legal & Mutual Recognition, North America
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