Canadian Institute Of Chartered Accountants (CICA)

What is ‘Canadian Institute Of Chartered Accountants – CICA’

A non-profit organization for accounting professionals in Canada. CICA has developed GAAP (generally accepted accounting principles) for Canadian accounting, and publishes guidance and educational materials on a number of accounting-related topics. It is one of the founding members of the International Federation of Accountants (IFAC) and the Global Accounting Alliance (GAA).

Explaining ‘Canadian Institute Of Chartered Accountants – CICA’

Founded in 1902, the CICA has grown to become the primary professional organization for chartered accountants in Canada. The institution was originally known as the Dominion Association of Chartered Accountants. As of 2010, the CICA boasts a membership of approximately 75,000 CAs and around 12,000 students both in Canada and Bermuda.

Canadian Institute Of Chartered Accountants (cica) FAQ

Is CA Recognised in Canada?

Indian CA is not recognised in Canada since they can’t practice there. You need the qualification of CPA (Earlier CA (CICA) to work as a CA in Canada. Once it comes to effects, Indian CA will be able to get a degree of CPA Canada.

Who regulates accountants in Canada?

The provincial accounting bodies , Chartered Professional Accountants (CPAs) and the Canadian Public Accountability Board (CPAB), regulates the Canadian accountancy profession. They also regulate auditors of publicly listed entities.

What is the difference between a CA and a CPA in Canada?

Both CPA and CA are credentials you earn by studying and passing an examination. The CPA credential is only issued in the U.S. whereas the CA credential is administered and recognized worldwide.

How much does a CPA make in Canada?

The average salary for a CPA in Canada is $76,089 per year or $39.02 per hour. Entry level positions start at $42,500 per year while most experienced workers can make up to $100,000 yearly.

How long does it take to become a CA in Canada?

30 months of relevant accounting experience. Finishing four education modules during full-time work experience. Passing the 3-day Uniform Evaluation (UE) exam, which tests your accounting knowledge and competency.

Why is the Canadian Institute of Chartered Accountants highly regarded?

They are highly regarded because they are the body that have been around the longest in the accounting profession. They created The CICA Handbook which is accepted by all accountants in Canada. They require a work experience of 36 months.

Further Reading

  • Trust, impression management and the public accounting profession – [PDF]
  • Non‐financial performance measures in the Canadian biotechnology industry – [PDF]
  • Challenges from the new economy for business and financial reporting – [PDF]
  • Economic values and corporate financial statements – [PDF]
  • The development of financial reporting for SMEs in South Africa: Implications of recent and impending changes – [PDF]
  • Decline in financial reporting for joint ventures? Canadian evidence on removal of financial reporting choice – [PDF]
  • Incentives and disincentives for financial disclosure: Voluntary disclosure of defined benefit pension plan information by Canadian firms – [PDF]
  • A chronology of the development of corporate financial reporting in Canada: 1850 to 1983 – [PDF]