CPABC Responsibility

Under the Chartered Professional Accountants Act, CPABC has the responsibility to regulate all matters, including competency, fitness and professional conduct, relating to the practice of accounting by members, students, professional accounting corporations and registered firms; CPABC is also required to establish and enforce professional standards.

CPABC protects the public interest by:

evolving CPA education programs to continually meet the needs of business and communities
admitting only qualified individuals to membership
enabling competency and proficiency of members and students
regulating students, members and firms by establishing, overseeing, and enforcing professional standards
providing a means by which complaints can be dealt with in a fair and efficient way by investigating and adjudicating complaints

With respect to the last point, two CPABC regulatory committees have been established to address complaints and may be viewed here: the Investigation Committee and the Disciplinary Committee.

A description of CPABC's Ethics Investigation and Discipline Process may be viewed here.

Purpose, Mandate, Values and Objectives

Purpose

CPABC protects the public interest by empowering CPAs and future CPAs to lead and support sustainable economies and communities.

Mandate

CPABC ensures its students and members are appropriately regulated, informed and educated about what matters to the profession and society.

Values

Integrity l Inclusivity l Forward-Thinking l Social Responsibility

Objectives

to promote and maintain the knowledge, skill, and proficiency of members and students in the practice of accounting
to establish qualifications and requirements for admission as a member and continuation of membership, and for enrolment and continuation of enrolment of students
to regulate all matters, including competency, fitness and professional conduct, relating to the practice of accounting by members, students, professional accounting corporations and registered firms
to establish and enforce professional standards
subject to protecting the public, to represent the interests of members and students
to protect the public interest.

Regulatory Report to the Public

The CPA profession constantly reassesses and adjusts the regulatory system as needed to ensure it continues to meet the needs of the public and government, while meeting or exceeding international standards.

See Report to the Public

2023/2024 CPABC Annual Report

This year, our major initiatives were aligned with CPABC’s three-year rolling strategic plan, and continued to enhance the protection of the public, member and student services, and operational effectiveness.

See CPABC Annual Report