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Canadian Institute Chartered Accountant Essay

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Chartered Accountants of Canada, also known as CICA, is a non-profit organization for accounting professionals in Canada. CICA has developed GAAP (generally accepted accounting principles) for Canadian accounting, and publishes guidance and educational materials on a number of accounting-related topics. It is one of the founding members of the International Federation of Accountants (IFAC) and the Global Accounting Alliance (GAA).

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Founded in 1902, the CICA has grown to become the primary professional organization for chartered accountants in Canada. The institution was originally known as the Dominion Association of Chartered Accountants. As of 2010, the CICA boasts a membership of approximately 75,000 CAs and around 12,000 students both in Canada and Bermuda.

CICA Mission
The mission of CICA is to foster public confidence in the CA (Chartered Accountant) profession. In order to achieve this mission, they are acting in the public interest and at the same time helping their members to excel. Through members’ integrity, expertise, and internationally recognized qualification standards, Canada’s 82,000 CAs maintain their influence and leadership position both in Canada and globally. As trusted business advisors to Canadian organizations of all sizes, Canada’s CAs foster confidence in Canadian business and contribute to the health and sustainability of Canada’s capital markets and economy. The Canadian Institute of Chartered Accountants (CICA) represents Canada’s CA profession both nationally and internationally. The CICA is a sponsored member of the International Federation of Accountants (IFAC) and the Global Accounting Alliance (GAA). The CICA implements its strategy through:

* Supporting the setting of accounting, auditing and assurance standards for business, not-for-profit organizations and government * Developing and delivering pre- and post-qualification education programs * Providing a range of member services and professional literature * Thought leadership

* Issuing guidance on risk management, governance and implementation of
* Fostering relationships with key stakeholders nationally and internationally * Keeping members informed about critical issues.

Role of CA
Chartered Accountants, or CAs, are business professionals who generally work in four key areas.  About 40 per cent of CAs is in public practice, while the other 60 per cent are employed in industry, government, or education.

Figure: Chart of CA’s working field


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