Can the CMAs and CGAs in my office apply for a public accounting licence with the Institute?
No. The Public Accounting Act, 2004 requires that the accounting body granting the designation (CA, CGA or CMA) must meet the Standards adopted by the PAC in respect of qualification and regulation in order for the accounting body to be authorized by the PAC to license their members. If authorization to license their members is granted to CGA Ontario and CMA Ontario, it would be only those members of the respective accounting body (CGA Ontario or CMA Ontario) who, on or after the date of authorization have met the required standards who would be eligible to be issued a licence. There is no “grandparenting” of CMAs or CGAs into licensure under the Act.CMAs and CGAs also remain eligible to qualify for membership in the Institute and the use of the CA designation by successfully completing the Institute’s longstanding bridging provisions that include writing and passing the Uniform Evaluation (UFE). Once they qualify as CAs and complete the Institute’s requirements for licensing as a publ
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