Dear CGA Member,
The initiative to unify Canada’s accounting profession is taking some very significant twists and turns this week.
On the weekend, CGA Alberta and CMA Alberta announced their intent to move forward with releasing a unification proposal for consideration by their respective members. Interestingly, the province’s largest accounting body, CA Alberta, continues to remain on the sidelines convinced a merger is not in their members’ or the public’s best interests.
More notably, today CGA Ontario and CMA Ontario announced they have terminated unification discussions, with both the ICAO and each other. They explain that despite their diligent efforts over the past months, they have been unable to make progress on a number of key issues that are significance to members.
With a combined total of almost 40% of Canada’s professional accounting membership, the withdrawal of CGA Ontario and CMA Ontario obviously deals a critical blow to the proponents of national unification. Further, we anticipate that in support of the Ontario decision, other CGA bodies will announce shortly they are also suspending or terminating further unification discussions in their respective regions. In light of these developments, we should know soon whether the CPA vision will continue on in a modified form or collapse entirely.
As you aware, to date CGA Manitoba has chosen not to participate in the unification discussions, in part, out of concern for many of the issues CGA and CMA Ontario have identified as unsolvable. Further, the CGA Manitoba Board continues to believe that the strength of Canada’s accounting profession is directly attributed to a healthy competitive environment.
Going forward, we will continue to monitor the unification initiative and keep you informed of further developments through the E-Connections newsletter and www.cgaexchange.org. We will also work closely with the CGA affiliation to ensure the interests of members and the public are well protected and that the CGA profession is eminently positioned.
Grant B. Christensen, B.A., B.Comm. (Hons.), FCGA
Chief Executive Officer