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- Chartered Accountants became the first
professional accounting body to be recognized in Canada more
than 125 years ago. Today, the Canadian Institute of Chartered
Accountants represents more than 71,000 CAs and 9,500 students
in Canada and Bermuda
- Canadian CAs have reciprocal working
agreements across the globe – countries like Australia, Belgium,
England and Wales, France, Hong Kong, Ireland, Japan, Mexico,
Netherlands, New Zealand, Scotland, South Africa, and the United
States.
- According to the 2005 Globe and Mail Report
on Business magazine's annual listing of the Top 1000 Companies
also reported that that companies with a CA in the CFO position,
the average return on capital over the past five years was 5.4%
compared to -0.16% for companies that did not have a CA in the
CFO position.
- In 2005, 61 per cent of the Globe and Mail's
Report on Business magazine's Top 1000 Companies had at least
one CA on the executive team.
- All CA candidates must write and pass the
Uniform Evaluation (UFE) which assesses the knowledge, skills
and professional values required of a CA. The UFE is often cited
as one of the world’s most rigorous professional examinations.
- Professional competency for a CA includes
possessing a significant body of knowledge and the skills and
aptitude to analyze, synthesize and apply that knowledge
effectively. The specifics of what this competency entails are
laid out in “The CA Competency Map” – all 192 pages of it.
- Approximately one third of CAs choose to work
within industry, bringing their insight and expertise directly
to business and non-profit organizations as CEOs, CFOs,
financial strategists, and executives. Over half of Nova Scotian
CAs are part of the management team of various organizations and
businesses.
- The CA designation nationally recognized and
internationally respected. CAs can practice anywhere in Canada
and throughout the world because of CICA’s international
reputation and its agreements with other accounting bodies.
- CAs are highly trained business professionals
with a lot more than a university degree. They have completed a
rigorous program of post-secondary academic requirements, a
challenging final examination, and completed a minimum of 30
months of supervised training in various business settings.
- A primary focus of the CA training is to
acquire a high degree professional JADE Skills - Judgment,
Analysis, Decision-Making and Evaluation. These qualities are
invaluable in whatever career a CA pursues and makes them a
valuable member of any decision-making team.
- CAs offer a variety of services you may not
have realized:
- Purchase and sale of businesses & business
valuations
- Information technology and needs analysis
- Acting as a trustee for receivership,
insolvency or bankruptcy
- Forensic accounting and litigation support
- Management consulting & developing
management controls
- International business venture planning
- CAs make a commitment to career-long learning
and professional development. This is mandated and supported by
the professional governing bodies on a provincial and national
level, and CAs are subject to mandatory practice reviews to make
certain their knowledge is up to date.
Fact Sources:
Canadian Institute of Chartered Accountants: www.cica.ca
CA Advantage (CICA): www.caadvantage.ca
Institute of Chartered Accountants of Nova Scotia: www.icans.ca
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