Chartered Professional Accountant (CPA) is a designation given by the Chartered Professional Accountants of Canada (CPA Canada) to individuals that pass the Uniform CPA Examination and meet the education and experience requirements. The CPA designation helps enforce professional standards in the accounting industry. CPA (Chartered Professional Accountant) is the highest accounting credential in Canada. CPA ensures global recognition for accounting & finance professionals.
CPAs are admitted to the profession through their Provincial Institutes. These bodies are responsible for establishing and administering the qualification process, admission criteria, and performance standards within their jurisdictions. The CPA Canada’s role – in concert with all provinces, and territories – is to develop and maintain consistent, uniform standards for the profession's qualification process. These standards ensure the portability of the CPA’s designation across Canada and internationally through various mutual recognition agreements.
CPA SASKATCHEWAN CPD REQUIREMENT OVERVIEW
|CPD Requirements||120 hours every 3 years of which 60 hours must be verifiable. Each member must complete a minimum of 20 hours of CPD annually of which 10 hours must be verifiable.|
|License Renewal Period||Renew your license by April 15 annually|
|CPD Reporting Cycle||CPD reporting is based on the calendar year. CPD reporting for Alberta CPA is from January 1 to December 31 each year.|
|Ethics Requirement||4 verifiable hours in the area of professional ethics|
All members are required to make a CPD Declaration annually, regardless of any previously declared exemptions or change of employment status. Each member must complete 120 hours every 3 years of which 60 hours must be verifiable. Each member must complete a minimum of 20 hours of CPD annually of which 10 hours must be verifiable. Many of our programs in Live and Self-Study are eligible for continuing education for CPA Saskatchewan.
Here is a link to Canadian CPA packages which will provide you with professional development in various fields like financial reporting, Domestic & International taxation, Fraud & Risk Management, Information Technology, Leadership skills and development, and business in one go.
Each member is required to complete 4 verifiable hours in the area of professional ethics over a three-year period. Various examples of Professional Ethics topics are given on the CPA Saskatchewan website which may include but are not limited to:
CPA Saskatchewan needs to renew its license by April 15 annually.
CPD reporting is based on the calendar year. CPD reporting for CPA Saskatchewan is from January 1 to December 31 each year.
Here is a link to the website to access FAQs on CPD requirements and Regulations for CPA Saskatchewan.
Competencies include technical and enabling competencies:
Click here for further reference on the CPA Saskatchewan website.
You will need to submit an exemption request to email@example.com using the request form provided in the renewal. You are required to fill following details in the form:
The request is reviewed and approved by the Professional Practice Committee. The professional practice committee may approve an exemption or include conditions on a license or may cancel a license.
For more details, CLICK HERE.
myCPE provides a package for Canadian CPAs which will satisfy various professional development requirements for CPA professionals which include on-demand webinars on financial reporting, Domestic & International taxation, Fraud & Risk Management, Information Technology, Leadership skills, and development and business. This CPD package comes in a variety of CPD bundles such as 10 CPD, 20 CPD, and 40 CPD.
Each year members must participate in and submit a CPD declaration, declaring whether they met the CPD requirements, did not meet the requirement, or are exempt from the requirement.
Members are required to retain professional development supporting documentation (for example, the course description or outline) and records of enrolment. It is recommended that records be kept for a total of 4 years for possible review or audit by CPA SK.
If you are not providing services that require registration as a firm or a license, then you are not required to complete your CPD requirements as well as not required to pay annual fees.
CPD providers are not required to be approved by any organization in order to offer CPD hours to Canadian CPAs as long as the activity offered by them allows CPAs to develop and maintain professional competency to enable them to perform their professional role, it will qualify for CPD. Therefore, the courses listed on myCPE Canada page are eligible for fulfilling Canadian CPAs CPD requirements.
CPA Saskatchewan does not pre-determine how much CPD is gained at an activity, nor does the organization pre-determine what qualifies as CPD for each individual CPA. CPA Saskatchewan follows the International Federation of Accountants (IFAC) criteria for CPD and is working towards harmonizing exemption and qualifying activities for verifiable and non-verifiable CPD with provincial CPA organizations across Canada. For further guidance, we have provided details for “QUALIFIES FOR” on each page of the courses about Approval/Qualifications of CPD Credits for your reference. Webinars that qualify for Canadian CPA meets the standards for CPA Saskatchewan (Chartered Professional Accountants Saskatchewan). Here is the link to the CPA Saskatchewan website.
|National Association of State Boards of Accountancy (NASBA)||143597|
|Internal Revenue Service (IRS)||GEHNZ|
|California Tax Education Council (CTEC)||6273|
|Certified Financial Planner Board (CFP)||8061|
|Society for Human Resource Management (SHRM)||RP5359|
|Human Resource Certification Institute (HRCI)||714694|
|American Payroll Association (APA)||372961|
|Texas State Board of Public Accountancy (TSBPA)||010556|
|Illinois Department of Financial & Professional Regulation (IDFPR)||158002756|
|New York State Board of Public Accountancy (NYSPA)||002976|
|Courses Eligible for CPE of Certified Fraud Examiner||Approved|
|National Association of Certified Valuators and Analysts (NACVA)||Approved|
|Institute of Finance and Management (IOFM)||Approved|
|Society of Trust and Estate Practitioners (STEP)||Approved|
|Certified Senior Advisor (CSA)||Approved|