So it’s finally decided. In British Columbia, the CMA, CGA, and CA titles are all going to be mashed together to form the Chartered Professional Accountant. Supposedly, this combination is meant to simplify the system and create a, “strategic response to the rapidly evolving environment.”

It can be said that the multiple bodies that make up the Canadian accounting system drives up competition, thusly increasing work ethics. As well, the combination of roles may seem far too confusing. Personally, I completely agree that this strategy will ultimately benefit Canada in the long-run. It deals with problems, such as:

– The redundancy of having three governing bodies creates wasted resources and inefficiency.

– Confusion with multiple roles and designations.

– Advertising tagging a particular group as dominant

By unifying these three groups into one, we create a strong, single voice for Canada, and keep a powerful domestic and international influence. And when it comes down to it, keeping these three groups separate is just too tedious. Even though business students, accountants, and corporations must all be concerned about how this merger is going to affect their lives, they can rest assured nothing drastic is going to happen.

For more info on the merger: http://cpacanada.ca/