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    Connected by

    Annual Report 2016

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Trust is about more than just honesty. To say you trust someone means you not only believe what they say, but believe in their capabilities, their integrity and commitment.

The public’s trust in the CPA designation is the foundation on which our profession is built. Protecting that trust is fundamental to CPA Ontario.

 

Public trust
Together
we earn it.
Together
we protect it.

 

The confidence of our clients, organizations and the general public — their belief that CPAs not only adhere to the highest professional and ethical standards but have the financial expertise and strategic insight to create value for organizations and economies — is a shared asset we have earned together and continually renew.

Our members rely on one another to adhere to the highest levels of professional standards and the CPA Code of Professional Conduct, and we enforce that commitment through rigorous regulatory practices, advisory services and lifelong learning.

From the leading practitioners of our field to new members who bring fresh energy and perspectives to our profession every year, we’re connected — to one another and to the public we serve — by trust.

 

At a Glance

87,625

members


19,095

students in the CPA program


4,777

graduates admitted to membership


3,600

members mentoring students in the CPA program


5,881

firms in good standing


4,467

licensed public accountants


1,200

practice inspections to uphold professional standards


Message from the President & CEO


In a world of disruptive technologies, shared economies and rapid change, CPAs are trusted leaders whose fundamental principles of conduct are timeless, forming a bedrock of integrity and trust.

Carol Wilding, FCPA, FCA

 




Message from the Chair


 

We are looking outward to the economic landscape that we face, and the opportunity to strategically navigate that landscape with our new size, our new identity and our new ambitions.

Susan Moellers, FCPA, FCMA

 

Connected by Trust

Everything we do — from regulating members and firms to providing lifelong learning to attracting future CPAs — is guided by our commitment to the public trust.

Today’s CPA

Our professional community is connected by trust in the CPA brand and designation — just as we create value for our members, CPAs create value for organizations and economies.


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Tomorrow’s CPA

Investing one’s future in a professional program is an act of trust in the opportunities and value that can accrue.


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Public Trust

The fundamental principles of the CPA Code of Professional Conduct and our rigorous regulatory standards protect the public trust and safeguard the value of the CPA designation


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Guided by a commitment to building a stronger foundation for our members, students and stakeholders.

Financial Statements

In the past year, CPA Ontario completed the final phase of integration of the former legacy bodies, resulting in the harmonization of policies and processes. We have set the course for economies of scale and an improved member and student experience through investments in operations and a focus on technology that will deliver tangible benefits of unification to our stakeholders in the future.



 

About CPA Ontario

CPA Ontario protects the public interest by ensuring its members meet the highest standards of integrity and expertise. CPA Ontario serves and supports its more than 87,000 members and 19,000 students in their qualification and professional development in a wide range of senior positions in public accounting, business, finance, government, not-for-profits and academe.

Chartered Professional Accountants are valued by organizations of all types and sizes for their financial expertise, strategic thinking, business insight, management skills and leadership.


VISION

The Canadian CPA is the pre-eminent, globally respected business and accounting designation.


STRATEGIC OVERVIEW

  1. Attract a robust pipeline of high-calibre individuals into the profession.
  2. Build the reputation, capabilities and skills of future CPAs.
  3. Maintain high standards and an unblemished reputation.
  4. Create a strong brand and demand for CPAs in the marketplace.


VALUES AND BEHAVIOURS

The following values and behaviours are key to CPA Ontario’s culture. They are reflected in the work we do, how we treat each other, and how we represent ourselves.

  1. Think and act with a student and member-first mindset while protecting the public interest.
  2. Always strive for the highest levels of professionalism.
  3. Be open-minded and nimble as we adapt to an evolving environment.
  4. Strive for personal accountability in everything we do.
  5. Act with integrity at all times, in all situations.
  6. Adopt a “one company” mindset, collaborating across functional lines.
  7. Align activities and efforts to focus on results and outcomes.

 

CPA ONTARIO COUNCIL

CPA Ontario Council is an elected governing body that represents the interests of CPA Ontario members. Council’s role is to determine CPA Ontario’s mission, set its strategic direction and oversee and monitor the performance of the organization through oversight of the Chief Executive Officer.

Key duties of a Council member include:

  • Protect, and be seen to protect, the public interest.
  • Protect the interests of the profession and members.
  • Ensure the integrity and independence of CPA Ontario’s self-regulatory processes.
  • Act consistently in accordance with the values and ethics of the profession.
  • Set the strategic direction.
  • Approve the annual business plan and performance targets.

2015-16 CPA Ontario Council and President & CEO

Susan
Moellers

FCPA, FCMA
Chair

Johanne
Charbonneau

FCPA, FCGA
Vice Chair

Anita
Ferrari

FCPA, FCA
Treasurer

Alan
Mak

CPA, CA
Secretary

Carol
Wilding

FCPA, FCA
President & CEO

Edward
Carter

FCPA, FCGA

Georgina
Daniels

FCPA, FCA

Ronald
Harvey

FCPA, FCGA

John
Hsu

FCPA, FCMA

Ian
Jeffreys

CPA, CA

Michel
Lavigne

FCPA, FCA

Delna
Madon

CPA, CA

Steve
McCaughey

CPA, CMA

Catherine
Russell

CPA, CA

Debra
Taylor

FCPA, FCGA

Dave
Vert

CPA, CA

Nigel
White

FCPA, FCMA

Ginny
Dybenko

Public Representative

Tim
Kennish

Public Representative

Graham
Parsons

Public Representative

Robert
Wong

Public Representative

Volunteer Leadership

The generous efforts of CPA Ontario’s many volunteers benefit all members, students in the CPA program, the profession and the public. We extend our sincere thanks to the many committee volunteers who gave of their time and expertise during the 2015-16 year, including members of the following committees.

Standing Committees of Council

Cathy Russell

CPA, CA
Audit Committee, Chair


Anita Ferrari

FCPA, FCA
Finance Committee, Chair


Alan Mak

FCPA, FCA
Governance and Nominating Committee, Chair


John Hsu

FCPA, FCMA
Human Resources Committee, Chair


Susan Moellers

FCPA, FCMA
Management Advisory Committee, Chair


Regulatory Committees

Appeal Committee
Board of Evaluators
Discipline Committee
Membership Committee
Practice Inspection Committee
Professional Conduct Committee
Public Accounting Licensing Board


Advisory Committees

Small Practices Advisory Committee
Young CPA Advisory Committee

 

Chartered Professional Accountants of Ontario

69 Bloor Street East
Toronto, ON M4W 1B3

25 York Street, Suite 1100
Toronto, ON M5J 2V5

Tel: 416 962.1841
Toll Free: 1 800 387.0735
Fax: 416 962.8900

CPAOntario.cagoCPAOntario.ca

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