The organizations representing chartered professional accountants in Quebec and Ontario are officially split from CPA Canada as of Friday.
The split was announced in June 2023, and raised questions about the future role of the national organization for CPAs in Quebec and Ontario.
Affected CPAs still need to be members of their respective provincial regulatory bodies but will have the option to become CPA Canada members.
The provincial and territorial CPA organizations regulate and enforce the accounting profession while CPA Canada is responsible for standards, and co-ordinates education and the exam taken across the country.
In November, CPA Canada said it had reached agreements with its Ontario and Quebec counterparts on education, exams and standard-setting for the accounting profession.
The future of the education and exam program was one of the biggest questions from CPAs as the split loomed.
This report by The Canadian Press was first published Dec. 20, 2024.
