The current proposal to merge the accounting bodies on Canada does not do the public any service. A major problem with the current merger is the requirement for legacy designation tagging.
This requirement will increase the number of designations from 3 to 4. There will be CPA, CAs; CPA, CMAs and CPA, CGAs in addition to newly qualified CPAs.
This only increases the confusion regarding designations in the market.
An alternative proposal in to have all members as CPAs, new and legacy, with publicly licensed members tagged CPA-A or CPA-T clarifying right away the functional competency of that member.
We would like to inform you that the current merger proposal does not attain the goals it aims to achieve.
A major problem with the proposal is legacy tagging that will introduce 4 designations that will only serve to introduce even further discordance in the immediate future.
We understand that the aim is to harmonize the accounting profession in Canada.
To that end we would like to propose an alternative form of tagging based on functional competencies that will instantaneously clarify the specialization of that accountant.
CPA designates a professional accountant without specialization.
A CPA-A, is a publicly licensed professional accountant that has completed the required training in assurance services and is primarily employed in providing assurance services.
A CPA-T is a professional accountant that has completed the required training in Tax services and is primarily employed in providing tax services.
We reject the current proposal as it does not attain the goals of;
1. Harmonizing the accounting profession;
2. Reducing confusion in the market place.
The CGA, CMA merger with Functional Tagging petition to CGA and CMA Canada Board was written by Vijay Stevens and is in the category International Affairs at GoPetition.