When to Set Up a Public Accounting Practice
If you are providing accounting services to the public or engaged in the practice of public accounting as defined in CPA Ontario's By-law, you must register your professional accounting practice with CPA Ontario. Providing accounting services to the public, or
The practice of public accounting is defined as "the provision of the services that require a public accounting
Providing accounting services to the public is defined in section 1.1.53 of the By-law and includes:
- The performance of any engagement addressed by standards in the CPA Canada Handbook - Assurance for which a
licenceis not required under the Public Accounting Act, 2004 to perform the engagement.
- Accounting that involves analysis, advice
andinterpretation in an expert capacity, but excluding record keeping.
- Taxation that involves advice and
counsellingin an expert capacity, but excluding mechanical processing of returns.
- Compilation services, if it can reasonably be expected that all or any portion of the compilation or associated materials prepared by the member providing the service will be relied upon or used by a third party, whether or not a
licenceis required under the Public Accounting Act, 2004.
- Such other services and activities as may be determined by the Council from time to time.
These types of services are often referred to as "public accounting". All references in the CPA Code of Professional Conduct to "public accounting" shall be read as though there were also references to "providing accounting services to the public" as defined in the By-law.
Who can set up an accounting practice?
Any member of CPA Ontario in good standing may register an accounting practice. Students and those who are awaiting their CPA designation or membership in Ontario must wait until they are members of CPA Ontario to begin the registration process. Retired members may still register and operate an accounting practice as long as they maintain their membership in good standing.
CPA Logo Usage
The CPA Logo is available for download and
*Note: Only the firm representative (local senior officer or LSO) or a delegate they have appointed may access the CPA Logo License Agreement.