Canadian Institute of Chartered Accountants
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| Abbreviation | CICA |
|---|---|
| Predecessor | Dominion Association of Chartered Accountants |
| Formation | 15 May 1902 |
| Legal status | Incorporated by Private Act (SC 1902, c. 58) |
| Objective | Our mission is to foster public confidence in the CA profession by acting in the public interest and helping our members excel. |
| Headquarters | Toronto, Ontario, Canada |
| Region served | Canada, Bermuda |
| Membership | 78,000 |
| Member's designations | CA, FCA |
| Official languages | English, French |
| Chair | Bill MacKinnon |
| Vice Chair | Shelley Brown |
| President and CEO | Kevin Dancey |
| Governing body | board of directors |
| IFAC member since | 1977 |
| Website | www |
The Canadian Institute of Chartered Accountants was incorporated by an Act of the Parliament of Canada in 1902. This Act, now known as the Canadian Institute of Chartered Accountants Act, was last amended in 1990 to reflect the CICA's current mandate and powers.
Working in collaboration with its provincial member organizations, the CICA supports the setting of accounting, auditing and assurance standards for business, not-for-profit organizations and government, and develops and delivers education programs. It also provides a range of member services and professional literature; undertakes research and development of intellectual property; issues guidance on risk management and governance; and fosters relationships with key stakeholders nationally and internationally.
Chartered Accountants (CAs) constitute the oldest of Canada's three national accounting bodies, and the CICA represents Canada's CAs both nationally and internationally. The CICA is a founding member of the International Federation of Accountants and the Global Accounting Alliance.
A merger was proposed between the CICA and CMA Canada in 2004, but it did not go beyond exploratory talks. Discussions began again in 2011, this time including CGA Canada, to create a new national accounting body which would issue the new professional designation of Chartered Professional Accountant.
CAs are admitted to the profession through their Provincial Institutes/Ordre. These bodies are responsible for establishing and administering the qualification process, admission criteria and performance standards within their jurisdictions.
Pre-qualification education is delivered regionally through one of four systems across Canada:
The CICA's role – in concert with all provinces, territories – is to develop and maintain consistent, uniform standards for the profession's qualification process. These standards ensure the portability of the CA designation across Canada and internationally through various mutual recognition agreements.
Admission to the CA profession requires:
The CICA itself does not admit members and students; its membership is derived from membership in one of the 10 provincial and two territorial institutes of chartered accountants and the Institute of Chartered Accountants of Bermuda. The institutes are empowered by local laws to regulate and govern the chartered accountancy profession within their jurisdictions. Individuals holding foreign accountancy designations who want to become a Canadian Chartered Accountant must apply to the institute in the jurisdiction where they live or intend to live.
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