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CGA-Saskatchewan ends merger talks

Home   May 28, 2012   |   Home   CGA Saskatchewan   |   Home  

In the last few weeks, there have been several developments related to Unification of the profession. We updating you on events that have transpired across the country, and most fundamentally, here in Saskatchewan.

 

On May 15th CGA Ontario announced that they have terminated discussions. There were several communications from Ontario citing their concerns about significant issues that remained unresolved. CMA Ontario also terminated their involvement in the discussions. However, the Institute of Chartered Accountants of Ontario has confirmed that they remain committed to the national unification process.

 

On Wednesday, May 16th, the Quebec CMA, CA and CGA bodies informed their members that the Province of Quebec has passed Bill 61, the Chartered Professional Accountants Act to create the Ordre des comptables professionnels agréés (CPA) du Québec. The Canadian accounting landscape now includes four professional designations with approximately one in five, or 35,000, of Canada’s 170,000 professional accountants, being Chartered Professional Accountants.

 

On May 17th the CGA Alberta and CMA Alberta Boards released a Provincial Merger Proposal, based on common principles. The Institute of Chartered Accountants is not part of the merger discussions in Alberta.

 

On May 23rd, CGA New Brunswick announced that it was withdrawing from talks there.

 

Further, on May 24th CGA British Columbia advised that, following CGA Ontario, they have determined to terminate discussions. Both the CAs and CMAs remain in discussions in B.C.

 

Lastly, CGA Canada announced today that they have terminated National unification discussions.

 

Over several months of merger discussions, provincial bodies have been negotiating on different terms and with different timelines.

 

CGA Saskatchewan Decision

 

The Board of Governors of CGA Saskatchewan have considered developments across the nation and carefully assessed the situation. The Board endorses unification under the right conditions. After keen thought and extensive deliberations, the CGA Saskatchewan Board has made a determination to withdraw from unification discussions. The Board does not believe that proceeding with discussions at this time would be prudent and in the best interest of our members.

 

The Board and the Association remain committed to advancing the profession and the interests of our members and students. We continue to work with other CGA Affiliates and the Federation regarding next steps. We will keep you apprised of these next steps, other developments and decisions.

 

As always, we want to hear your views and we encourage you to contact us at: general@cga-saskatchewan.org.

 

Sincerely,

 

Prabha Vaidyanathan, CEO & Tim Squire, CGA, PRESIDENT

 

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