Why choose a Chartered Professional Accountant, not an “accountant”?
Anyone can call themselves “an accountant”, but not just anyone can call themselves a Chartered Professional Accountant.
- As professionals, we belong to a self-regulated professional body which has the mandate to promote and protect the public interest.
- As professionals, we are required to meet and maintain standards of qualification, practice, and professional ethics, as well as standards of knowledge, skill and proficiency.
- Only CPA’s who meet public accounting licensing requirements mandated by the province can provide assurance services to the public in Saskatchewan and call themselves Licensed Public Accountants.
- Only firms that are properly registered and comply with the regulatory and ethical requirements of CPA Saskatchewan can call themselves Chartered Professional Accounting firms.
Requirements for a Licence
A member or firm practicing professional accounting defined in Section 18(1) of the Act is required to obtain a licence PRIOR to providing that service to the public.
Providing Services to the Public
- The practice of professional accounting consists of:
- Audit engagements;
- Other Assurance engagements, including Review Engagements; or
- Providing Financial Reporting advice which references the CPA Canada Handbook.
In order for a firm to be licensed to provide one or more components of the practice of professional accounting, it must have a practice leader, who is a licensed member. A practice leader is any member who has authority to sign reports or provide opinions or certifications on behalf of the firm.