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FAQs for CPA Australia Members

The Agreement

1. Is CPA Australia or CGA Canada making the MRA publicly available?

2. What is the term of this MRA?


Membership

3. Why should I become a member of CGA Canada?

4. Why become members of both organizations?

5. Will my CGA designation be recognized in other countries?

6. What are the fees for CGAs?

7. If I apply for membership with CGA Canada under this MRA must I keep my CPA Australia membership?

8. If I am already a CGA, do I have to do anything?

9. Do CPAs need to pass any exams or take any courses before they can become eligible for CGA membership?

10. Does the agreement cover members regardless of where they reside?

 

Eligibility

11. Are Associate (ASA) members eligible for CGA Canada membership?

12. Am I eligible to join CGA Canada through the MRA if I gained membership of the CPA Australia through my membership with another body?

13. I do not have a degree but have more than 15 years of experience. What is senior level experience?

 

Application documentation / Process

14. If I am a CPA Australia member wanting to apply for CGA membership, what documents will I need to submit?

15. How long will it take for my application for CGA Canada membership (based on my CPA qualifications) to be processed?

 

Additional education requirements

16. How long will CPA Australia members have to complete the additional education requirements?

17. What subject matter will the CPA Australia members need to cover?

18. Will there be any exemptions available to CPA Australia members with regard to additional education requirements?

19. How do I arrange to take the additional educational requirements?

 

Practical experience

20. What sort of practical experience do members of each body require to be eligible for membership?

21. Does CGA Canada recognize completion of CPA Australia’s Mentor Program as relevant work experience?

 

CPD

22. Do members of each body have to complete extra CPD? 

23. If I complete my CPA Australia CPD requirements, will this count towards my CGA Canada CPD requirements?

 

Public Practice

24. Does the MRA confer the right to practice public accounting in Canada?

 

 

  1. Is CPA Australia or CGA-Canada making the MRA publicly available?

    A. Public comment may be made in relation to this MRA, but the document is confidential.
     
  2. 2What is the term of this MRA?

    A. The initial term is for five years, commencing April 8, 2008. It will be revisited for possible renewal near the end of the term. Members acquiring CGA membership under this MRA will be able to maintain their membership should the MRA not be renewed.
     
  3. Why should I become a member of CGA-Canada?

    A. The MRA provides members of CPA Australia with increased recognition in Canada, Bermuda, the nations of the Caribbean, the People’s Republic of China and Hong Kong and, therefore, increased international profile and mobility.
     
  4. Why become members of both organizations?

    A. Dual members will benefit from the international exposure and worldwide resources of two leading designations. By leveraging on the expertise of two distinguished accounting bodies, dual members will be able to avail themselves of the best of both worlds.
     
  5. Will my CGA designation be recognized in other countries?

    A. The CGA designation is recognized in Bermuda, the nations of the Caribbean, the People’s Republic of China and Hong Kong. However, members admitted under the terms of this MRA are not eligible for membership in other bodies under other MRAs signed by either organization.
     
  6. What are the fees for CGAs?

    A. The membership application fee is $300 CAD. This fee may vary by province. CGA Canada’s annual membership dues vary by province, but average $800 CAD per year. Offshore membership dues are $410 CAD. These fees are subject to change. Contact the appropriate CGA office for more information.
     
  7. If I apply for membership with CGA-Canada under this MRA must I keep my CPA Australia membership?

    A. Yes. Members of both bodies are required to keep their original designation if they are accepted as a member of the other body.
     
  8. If I am already a CGA, do I have to do anything?

    A. No. Individuals who are currently members of both CPA Australia and CGA-Canada only need to ensure each designation’s requirements are maintained to remain a member of both.
     
  9. Do CPAs need to pass any exams or take any courses before they can become eligible for CGA membership? (See Additional Education Requirements below.)

    A. Yes. CPAs must complete the following two online CPD courses:
    i.    Overview of Canadian Tax and Law (an exemption may be granted);
    ii.    The Professional Applications Reciprocity Evaluation (PARE), available beginning June 2008 (an exemption may be granted if the applicant has obtained a master’s degree in business).
     
  10. Does the agreement cover members regardless of where they reside?

    A. Yes. The agreement applies to members of both bodies wherever they are located in the world. However, there are somewhat different eligibility and procedural requirements for CPAs in Quebec (contact Ordre des CGA du Québec directly if you already reside in that province or intend to immigrate within six months).
     
  11. Are Associate (ASA) members eligible for CGA Canada membership?

    A. No. You must complete both the CPA Program and Mentor Program to be eligible to apply.
     
  12. Am I eligible to join CGA-Canada through the MRA if I gained membership of the CPA Australia through my membership with another body?

    A. No.
     
  13. I do not have a degree but have more than 15 years of experience. What is senior level experience?

    A. Senior level experience means that you have held a senior position in an organization for at least five years, including supervision of staff and the authority to sign-off financial statements. The following position titles are an indication of senior level experience:

    •    CEO
    •    President
    •    Vice-President
    •    CFO
    •    Financial Controller
    •    General Manager
    •    Manager   
    •    Partner – Public Practice
    •    Sole Practitioner – Public Practice
    •    Partner in Non-Accounting Practice (e.g. law firm)
    •    Self-Employed / Owner of Business
    •    Academic / Teacher
     
  14. If I am a CPA Australia member wanting to apply for CGA membership, what documents will I need to submit?

    A.
    i.    Complete the Initial Application Form.
    ii.    Contact CPA Australia and request a Letter of Good Standing.
    iii.    If you are applying for membership under the 15 years of experience provision and you are not an FCPA, provide a copy of your CV.
    iv.    Submit the Initial Application Form, Letter of Good Standing and your CV (if required) directly to the appropriate office.
    v.    Contact your post-secondary institution to have an official sealed transcript of your degree sent directly to the Association.
     
  15. How long will it take for my application for CGA-Canada membership (based on my CPA qualifications) to be processed?

    A. Approximately 3-4 weeks
     
  16. How long will CPA Australia members have to complete the additional education requirements?

    A. Two years.
     
  17. What subject matter will the CPA Australia members need to cover?

    A. There are two subject areas that need to be covered:
    1.    Overview of Canadian Tax and Law.
    2.    Professional Applications Reciprocity Evaluation (PARE).
    Further details regarding PARE will be available on the website by June 2008.
     
  18. Will there be any exemptions available to CPA Australia members with regard to additional education requirements?

    A. Yes. CPA members who have completed a master’s degree in business may be eligible for an exemption from the PARE CPD course (assessed on a case-by-case basis). An exemption may also be granted if the CPA member has completed TX1 through CGA or an equivalent transfer credit course (with a passing grade) from a Canadian post-secondary institution within five years of application.
     
  19. How do I arrange to take the additional educational requirements?

    A. The Overview of Canadian Tax and Law is available through the CGA-Canada's PD Net at www.cga-pdnet.org, access the course by typing Overview of Canadian Tax and Law into the “Search” function. This will bring you to the course description page where the course can be purchased by clicking the “Buy now” button. Further details are available regarding the PARE course on association websites as of June 2008.
     
  20. What sort of practical experience do members of each body require to be eligible for membership?

    A. While some differences are expected between the bodies’ requirements, practical experience should be in the spirit of the International Federation of Accountants’ International Education on Practical Experience, see www.ifac.org.

  21. Does CGA-Canada recognize completion of CPA Australia’s Mentor Program as relevant work experience?

    A. Yes, CPA Australia’s Mentor Program complies with the International Education Standard on Practical Experience.
     
  22. Do members of each body have to complete extra CPD?

    A. No, just the CPD hours stipulated by each body, which is in accordance with IFAC – see www.ifac.org
     
  23. If I complete my CPA Australia CPD requirements, will this count towards my CGA-Canada CPD requirements?

    A. Yes, completion of CPA Australia’s CPD requirements will satisfy the CPD requirements set by CGA-Canada. However, you will be required to report annually to both CGA and CPA Australia.
     
  24. Does the MRA confer the right to practice public accounting in Canada?

    A. No, members wishing to register in public practice must meet the Association’s entry to public practice requirements.