There are nearly 84,000 Ontario CPA stories unfolding today.

Each one is part of a larger story: the story of our profession.

We are Ontario CPAs.

About CPA Ontario

CPA Ontario protects the public interest by ensuring its members meet the highest standards of integrity and expertise. CPA Ontario serves and supports its nearly 84,000 members and 22,000 students in their qualification and professional development in a wide range of senior positions in public accounting, business, finance, government, not-for-profits and academe. Chartered Professional Accountants are valued by organizations of all types and sizes for their financial expertise, strategic thinking, business insight, management skills and leadership.

CPA Ontario plays multiple roles

 

Message from the Chair

At CPA Ontario governance tables this year, new colleagues gathered for new conversations. Navigating unknown territory is seldom easy—but the integration process has been defined by a palpable sense of opportunity. It has unlocked ideas and sparked ambition.

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Message from the President & CEO

The past year at CPA Ontario has been defined by challenge and change. It has also been a year that has made us stronger—a year in which we can take great pride.

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Members

We are
  • lifelong learners
    business leaders
    connectors
fuelling each other’s success.

CPA Ontario adds value to the professional lives of its members through advisory services, professional development programs, networking opportunities, and member benefits. The new, integrated CPA Ontario will deliver more in each of these areas: more depth and breadth of programming, offered in more locations and through more channels; more opportunities to connect with fellow professionals; and more concrete benefits.

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HIGHLIGHTS:

  • 24,000
PD program and chapter/district event registrations.
  • 4,000
CPA Ontario provided career advice to members and students more than 4,000 times.
  • 287
We presented 287 in-person seminars in 35 locations around Ontario.
  • 325,000
We responded to more than 325,000 member, student and public inquiries.

In the year ahead

CPA Ontario will continue to connect CPAs and deliver exceptional professional development opportunities and benefits. As we complete integration of the legacy organizations, CPAs can expect an enhanced member experience online, and in person, with harmonized processes and increased efficiency.

Students

We are
  • students
    career builders
    innovators
becoming the next generation of Ontario CPAs.

For a profession to thrive over time, it needs two elements: new members, who see opportunity there, and experienced members, who share knowledge, insight, expertise, and a commitment to the profession’s standards and ethics. The past year attests to CPA Ontario having both of these in abundance. We continue to energetically foster the future of the profession, as well as link new and experienced members. This year, the student recruitment team connected with over 50,000 students.

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HIGHLIGHTS:

  • 50,000
We spoke to more than 50,000 Ontario prospective students about our profession and the possibilities it offers.
  • 22,000
CPA Ontario is currently serving nearly 22,000 students.
  • 3,367
We graduated 3,367 students through three legacy programs.
  • 14,500
CPA Ontario processed 14,500 transcripts from students seeking to pursue their CPA designation.
  • 7,500
We connected with over 7,500 Internationally Educated Professionals (IEPs) and career changers at more than 330 events.
  • 2,200
More than 2,200 experienced CPAs served as mentors to new members.
  • 86
We partnered with 86 agencies serving IEPs.
  • 1,200
CPA Ontario sponsored the 2015 IEP Conference, which attracted 1,200 IEPs.

In the year ahead

CPA Ontario will continue to work with post-secondary institutions, employers and community agencies to ensure a clear path for outstanding students to enter our profession, whether they are new graduates from post-secondary institutions or international professionals launching the next phase of their careers in Ontario.

Regulatory

We are
  • regulators
    monitors
    stewards
protecting our profession and the public.

CPA Ontario members share a deep commitment to upholding the public’s trust. In a recent member survey, the province’s CPAs affirmed once again that regulating the profession and upholding the highest professional standards are the most important functions of CPA Ontario. Throughout the unification process, maintaining the rigour and credibility of our regulatory oversight has been a top priority.

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HIGHLIGHTS:

  • 1,106
Practice Inspectors conducted 1,106 inspections this year.
  • 2,000
We registered approximately 2,000 new legacy firms as CPA practices.
  • 6,400/800
As regulator, CPA Ontario now oversees approximately 6,400 practising offices and more than 800 authorized training offices.
  • 6,000
This year, advisors fielded more than 6,000 calls on a wide range of issues, from public practice management to questions from legacy firms registering their practices with CPA Ontario.

In the year ahead

CPA Ontario will continue to support members in maintaining the highest standards of ethics and integrity as they navigate changes in their business environments and participate in a newly unified professional body. CPA Ontario will continue to be an important contributor to CPA Canada committees and working groups, collaborating to protect the public interest and support the health of our profession.

Community

We are
  • volunteers
    partners
    champions
contributing where we live and work.

Ontario’s CPAs have a proud tradition of contributing to their communities, both individually and as a profession. This year, once again, CPA Ontario and its members have demonstrated a strong commitment to helping the province’s students, residents and communities thrive.

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HIGHLIGHTS:

  • 5,000
CPA Ontario sponsored the DECA Provincials, an international program for more than 5,000 high school business students who competed in a range of business challenges.
  • 2,400
2,400 CPAs volunteered time during their busiest professional season.
  • 25,000
CPA Ontario volunteers prepared nearly 25,000 tax returns for Ontarians in need in our communities.
  • 330
CPA Ontario partnered with 330 community service organizations to facilitate broad access to the tax support program.

In the year ahead

CPA Ontario and its members will continue to share skills and knowledge for the benefit of Ontario’s communities—now with greater impact than ever, as one unified profession. We will also continue to engage the province’s most dynamic students, spreading awareness of the CPA designation among young leaders.

Reputation

We are
  • thought leaders
    advocates
    influencers
building a stronger Ontario.

The expertise of accounting professionals in Ontario has always been a critical asset to our profession and clients. CPA Ontario is working to become a stronger thought leader and influencer, amplifying the voice of our profession for the good of our economy and society.

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HIGHLIGHTS:

  • 7,000
As part of the Ontario Chamber of Commerce, Economic Club of Canada and Toronto Region Board of Trade sponsorships, CPA Ontario participated in high-profile events attended by over 7,000 business leaders.
  • 1.6 million
This year’s “Raising the PROfile” campaign reached a potential audience of 1.6 million Ontarians daily.
  • 3.35 million
CPA Ontario sponsored TVO’s The Agenda with Steve Paikin, which had a total reach of 3.35 million this past broadcast year.
  • 9.1 million
Our media relations program, featuring the expertise of our members, reached over 9.1 million people.

In the year ahead

CPA Ontario will seek out new forums and relationships in order to share the perspectives of Ontario’s accounting and business experts more widely. Our members have named increased thought leadership and advocacy as priorities for their professional body. To this end, we are connecting with leaders, building and promoting the CPA Ontario brand, and making thoughtful contributions to the conversations that matter most.

Volunteer Leadership

Thanks to Committee Volunteers. The generous efforts of CPA Ontario’s many volunteers benefit all members, CPA students, the profession and the public. We extend our sincere thanks to the many committee volunteers who gave of their time and expertise during the 2014-2015 year, including members of the following committees:

STANDING COMMITTEES OF COUNCIL
Audit Committee
Cathy Russell, CPA, CA (Chair)

Finance Committee
Johanne Charbonneau, FCPA, FCGA (Chair)

Governance and Nominating Committee
Alan Mak, CPA, CA (Chair)

Integration Resources Committee
John Hsu, FCPA, FCMA (Chair)

Management Advisory Committee
Michael Banks, FCPA, FCA (Chair)

REGULATORY COMMITTEES
Appeal Committee
Board of Evaluators
Discipline Committee
Membership Committee
Practice Inspection Committee
Professional Conduct Committee
Public Accounting Licensing Board

ADVISORY COMMITTEES
Small Practices Advisory Committee
Young CPA Advisory Committee

 

CPA Ontario Council and President & CEO

Back row, left to right: Michel Lavigne, FCPA, FCA, John Hsu, FCPA, FCMA, Nigel White, FCPA, FCMA, Dave Vert, CPA, CA, Ronald Harvey, FCPA, FCGA, Tim Kennish (Public Representative), Edward Carter, FCPA, FCGA. Front row, left to right Georgina Daniels, FCPA, FCA, Delna Madon, CPA, CA, Stephen McCaughey, CPA, CMA, Ginny Dybenko (Public Representative), Johanne Charbonneau, FCPA, FCGA (Treasurer), Michael Banks, FCPA, FCA (Chair), Susan Moellers, FCPA, FCMA (Vice-Chair), Carol Wilding, FCPA, FCA (President & CEO), Alan Mak, CPA, CA (Secretary), Debra Taylor, FCPA, FCGA, Anita Ferrari, FCPA, FCA, Cathy Russell, CPA, CA. Not present: Public Representatives: Graham Parsons, Robert Wong.

Financial Statements and MD&A

Fiscal 2015 marks CPA Ontario’s first unified fiscal year. The financial statements reflect the unified operations of CGA Ontario, CMA Ontario and CPA Ontario for the nine months from July 2, 2014—the effective date of a fully unified CPA Ontario—to March 31, 2015, the end of the fiscal year. We have risen to the challenge of integrating three distinct organizations and have begun to realize the benefits of unification for our members and stakeholders. From an operational perspective, our progress over the past year has been impressive.

// View financial statements and MD&A

 

Member and Student Information

Our Members

Ontario’s almost 84,000* Chartered Professional Accountants bring a diverse and rich array of backgrounds and skills to the profession. They can be found in a wide range of leadership positions in business, finance, public accounting, government, not-for-profits and academe. Chartered Professional Accountants are valued by organizations of all types and sizes for their financial expertise, strategic thinking, business insight, management skills and leadership.

//More information about our members.

Our Students

The CPA profession continues to grow – we have almost 22,000* students now pursuing the CPA designation. We’re proud of the high quality of students attracted to the profession, and look forward to them joining our membership to become Canada’s business and finance leaders.

// More information about our students.

Access to the Profession

As a self-regulatory professional body in which internationally trained accountants seek to become members, CPA Ontario is committed to ensuring that it has requirements for admission to membership, and policies and procedures related to qualification by internationally trained accountants, that are fair, transparent and publicly accountable. The objective is to ensure that the provisions and processes for access to qualification as a CPA in Ontario are seen as models of best practices as well as meet or exceed the specific requirements established by Ontario’s Fair Access to Regulated Profession and Compulsory Trades Act, 2006. This also requires that CPA Ontario is prepared for and fulfills the reporting, disclosure and other accountability requirements of the legislation or as established by the Fairness Commission.

// Members admitted under reciprocal membership agreements or bridging pathways.

* As of March 31, 2015

 

chartered professional accountants of ontario

69 Bloor Street East
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Toronto, ON M5J 2V5

Tel: 416 962.1841
Toll Free: 1 800 387.0735
Fax: 416 962.8900

CPAOntario.ca
goCPAOntario.ca

 

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