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What does passage of the Act amending the Professional Code and the Chartered Accountants Act in respect of public accountancy mean for CMAs?

April 26, 2017Accountancy Accountants ACT amending chartered code Passage professional public respect

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What does passage of the Act amending the Professional Code and the Chartered Accountants Act in respect of public accountancy mean for CMAs?

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Passage of this law ends the monopoly exercised by chartered accountants over public accountancy since 1946. This means that from now on, all CMAs with the qualifications to practice public accountancy can do so, on condition of obtaining a public accountancy permit from the CMA Order.