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Current CPA Canada Negotiations with ACCA – (Current MRA exists until April 2021)- Any CPA employees out there?

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  • Aug 12th, 2020 7:26 pm
[OP]
Newbie
Nov 2, 2017
87 posts
5 upvotes

Current CPA Canada Negotiations with ACCA – (Current MRA exists until April 2021)- Any CPA employees out there?

Hi everyone,

Some of you may know that CPA Canada are currently in negotiations with ACCA regarding the MRA.

If you are an individual in the ACCA program, you should be very concerned about these negotiations, as it may mean that you may not be able to convert your ACCA into CPA (CGA).

Aside, from waiting until April 2021, what do you think will be the result of these negotiations?


How sad it is that accountants have to suffer due to the politics between two accounting bodies.

Thanks .
10 replies
Member
Aug 12, 2016
251 posts
37 upvotes
Can a Canadian CPA convert his CPA to the ACCA?
[OP]
Newbie
Nov 2, 2017
87 posts
5 upvotes
Savak2015 wrote: Can a Canadian CPA convert his CPA to the ACCA?
Obviously.....why wouldn't they want your money
Deal Addict
Jul 13, 2009
4177 posts
2262 upvotes
Savak2015 wrote: Can a Canadian CPA convert his CPA to the ACCA?
Depends what kind of CPA. Back in the day it used to be CGA = ACCA, CMA = ACMA and CA = ACA however most of the times there's no explicit need to convert for get a job, but I know people who just do it because it was only administrative process. Some countries require it for immigration purposes but some countries will recognize the Canadian CPA and respect it.
[OP]
Newbie
Nov 2, 2017
87 posts
5 upvotes
Ok the reverse, What about applying for accounting positions in industry with an ACCA?
Deal Addict
Jul 13, 2009
4177 posts
2262 upvotes
Getbread wrote: Ok the reverse, What about applying for accounting positions in industry with an ACCA?
In Canada?
It's recognized but you may not have full sign off authority/ability whenever a CPA is required BUT skills/experience wise it's as good and still better than having nothing.

There are hundreds of ACCA holders in Canada and they have their own meetup in Toronto. Most of them hang out at the Irish Embassy pub (pre-covid) and they have networking sessions throughout the year last I've heard.

ACCA is more recognized than the Canadian CPA, as commonwealth and former commonwealth countries adopted it.
Member
Aug 12, 2016
251 posts
37 upvotes
bhrm wrote: Depends what kind of CPA. Back in the day it used to be CGA = ACCA, CMA = ACMA and CA = ACA however most of the times there's no explicit need to convert for get a job, but I know people who just do it because it was only administrative process. Some countries require it for immigration purposes but some countries will recognize the Canadian CPA and respect it.
Someone who is in the process of getting his CPA designation having worked in a preapproved training office completing the mandatory assurance 1250 hours requirement and also having passed the CFE while choosing the audit role.
Deal Addict
Jul 13, 2009
4177 posts
2262 upvotes
Savak2015 wrote: Someone who is in the process of getting his CPA designation having worked in a preapproved training office completing the mandatory assurance 1250 hours requirement and also having passed the CFE while choosing the audit role.
You should be looking into an equivalent CA to whichever target country you're looking at like the UK' CA (ACA), or even the US CPA (depending on the state).
Member
Aug 12, 2016
251 posts
37 upvotes
bhrm wrote: You should be looking into an equivalent CA to whichever target country you're looking at like the UK' CA (ACA), or even the US CPA (depending on the state).
US is easy, you just need to sit for the IQEX exam and clear it and choose Illinois as your state. I believe the maximum ACCA exemptions are granted to a US CPA designated individual vs a Canadian CPA designated individual. Similarly back in Pakistan, in order to become a CA, if you have the US CPA designation, you just need to give the tax exam there and you become a Pakistani CA, but lol this tax exam is the toughest exam of them lot.

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