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The Institute of Chartered Professional Accountants of Saskatchewan Member Newsletter December 2015
SKCONNECT
Celebrating our members, leaders in action.
The transition of the accounting profession in Canada has been powered
by people. In Saskatchewan, we celebrated our first anniversary since
proclamation this fall and we thank all those involved in achieving that milestone.
Since then, we celebrate each groundbreaking step, one step at a time.
4 5 7
The Institute of Chartered Content and Editorial
Professional Accountants Myrna Buttner
of Saskatchewan Sue James
Suite 101 – 4581 Parliament Avenue
Regina, SK S4W 0G3
Design and Layout
TEL 306-359-0272 MGM Communications
FAX 306-347-8580 433 – 20th Street West
EMAIL info@cpask.ca Saskatoon, SK S7M 0X3
cpask.ca TEL 306-955-4811
mgmcommunications.com
8 14 18 20
CONTENTS
Notes from the CPA SK Staff
Leadership 4 News 22
News 6 CPA Canada
News 23
Unification Cross
Country Update 8 Resources,
Programs &
Regulatory Matters 10 Events 24
Fall 2015 Professional
CPA Convocation Updates 28
in Saskatoon 14
CPA Insurance
Member Profile 18 Plans West 29
Member Services After Hours 30
Matters 19
NOTES FROM THE
LEADERSHIP
BOARD CHAIR
REPORT
Martin McInnis, FCPA, FCMA, Chair of the CPA Saskatchewan Board
In November, I had the privilege of participating in CPA Saskatchewan recently had its first birthday since
our convocation ceremonies for 169 new Saskatchewan proclamation in November, 2014. We’ve had a very
graduates. This event was a first, and a last, of its kind. successful first year and that is in no small part due to
It was a first because we had students from all three legacy the hard work of our volunteers, management and staff.
designations convocate at the same time, in the same In particular, I’d like to thank those many members who
ceremony, for the first time ever. It was volunteer their time and energy to serve
a last of its kind because this group was on our various committees and on our
the very last group of Saskatchewan CPA THE FUTURE OF Board. Your commitment is essential
students that will come through a legacy OUR PROFESSION IN to our continued success and does not
education program. Our next ceremony, go unnoticed.
on February 6, 2016, we will convocate SASKATCHEWAN IS IN
In closing, let me offer best wishes to all
our very first group of students of the new VERY GOOD HANDS for a restful and joyous holiday season,
CPA program.
and a prosperous New Year!!
At last February’s convocation I was struck by how many
students had gotten married or engaged to be married while CPA Convocation Ceremony
working their way through the program. This time I was
struck by the number of expecting parents that crossed our
stage. I was also inspired listening to the stories of the many
students who began the journey toward obtaining their CPA
in other parts of the world.
The education and practical experience requirements to
complete the CPA curriculum are difficult in their own right;
add in the responsibilities of starting and raising a family,
managing a career, moving your family to a new country,
and you begin to get a sense of the magnitude of what our
newest members have accomplished – talk about work/life
balance! The future of our profession in Saskatchewan is in
very good hands indeed.
I would like to extend a special thanks to Terry LeBlanc,
FCPA, FCGA, Vice Chair of CPA Canada, and Nola
Joorisity, FCPA, FCA, CMA, Chair of the CPA Western
School of Business, for traveling to Saskatoon to participate
in our convocation exercises. We were also very pleased to
have representation from our provincial universities. We
always appreciate the opportunity to celebrate the success
of our students with representatives of our key partners.
4 CPA SKConnect
NOTES FROM THE
LEADERSHIP
CEO
REPORT
Shelley Thiel, FCPA, FCA, Chief Executive Officer
YEAR ONE In September the CPA Saskatchewan Board met and
approved the following vision and mission statements
On November 10th, we celebrated the one year anniversary for CPA Saskatchewan:
of the proclamation of The Accounting Profession Act.
It is hard to believe that it has already been one year Vision:
since the launch of CPA Saskatchewan. We have achieved The Canadian CPA is the pre-eminent, globally respected
many milestones over the year including a unified business and accounting designation.
registrant database, our first CPA member conference,
two convocation celebrations, a new website, a new CPA Mission:
education program and many more.
CPA Saskatchewan enhances the influence, relevance,
Borrowing from a CPA Canada statement – the transition and the value of the Canadian CPA profession by:
of the accounting profession in Canada has been powered
by people. We would not have achieved these milestones in
• Protecting the public interest;
Saskatchewan without the assistance of our members, Board • Supporting its members and students; and
and committee members, and staff. To each and every one of
you, thank you for your support during our first year as CPA • Contributing to economic and social development
Saskatchewan. As we enter into year two of CPA Saskatchewan, we look
We would also like to take this opportunity to thank forward to working with our members, volunteers and
Kevin Dancey, FCPA, FCA. After 10 years of guiding the stakeholders to carry out our vision and mission. We have
Canadian accounting profession, Kevin will be retiring a busy agenda for the year ahead and are excited as we
next May from his position as President and CEO of continue to grow in size and influence.
CPA Canada. Kevin has played an instrumental role in On behalf of the CPA Saskatchewan team, we wish you a
the unification of the accounting profession in Canada. happy holiday season and a happy New Year.
He has provided invaluable support and insight to
Saskatchewan and to the other provinces on our journey
to unification. Kevin will be missed and we wish him all
the best in his future endeavours.
Speaking of the future, congratulations to our new
graduates – November’s convocation saw 169 graduates
who successfully completed their legacy education programs
and who are on their way to become Chartered Professional
Accountants. We are proud to welcome tomorrow’s leaders
into the profession.
December 2015 5
THE CANADIAN CPA
PROFESSION IS NOW
200,000 MEMBERS
STRONG
The Canadian accounting profession recently reached a “Members are seeing the value of the CPA as we move closer
major membership milestone with more than 200,000 to our vision of being the pre-eminent, globally respected
Chartered Professional Accountants supporting our global business and accounting designation.
standing and influence as one of the largest accounting
bodies in the world. This large, diverse membership gives us a strong voice
on behalf of the profession and when working with
While most Canadian CPA members are in Canada, we also governments, international accounting bodies, and other
have members in the U.S.A., Asia, Europe, Australia and stakeholders”, Shelley said. “This certainly reinforces the
the Caribbean. benefits of uniting the various legacy bodies and endorses
the steps we’ve been taking to provide the services and
“The Canadian CPA profession is growing and thriving”, supports that members want.”
says Shelley Thiel, FCPA, FCA, CEO of CPA Saskatchewan.
A PARTNERSHIP
OF EXCELLENCE
IN ACCOUNTING
CPA SASKATCHEWAN AND THE (L to R) Daphne Taras, Dean, ESB, Shelley Thiel, CEO, CPA SK
EDWARDS SCHOOL OF BUSINESS and Martin McInnis, Chair, CPA SK Board. (Photo courtesy of
the University of Saskatchewan)
SIGN A FIVE YEAR AGREEMENT
CPA Saskatchewan has partnered with the Edwards School
of Business, University of Saskatchewan, to continue to foster
quality in students and professors.
This five-year partnership will help the School to recruit
and retain the highest quality accounting professors.
The agreement also provides support for accounting
students through scholarships, as well as, funding for
various competitions. In addition, the partnership is
based on outreach and promotion, and the goal is to
place Saskatchewan on the national stage by branding
the excellence of Saskatchewan accountants.
“The Edwards School of Business has played an important
part over the past 100 years developing business leaders who “CPA Saskatchewan very much values the long-term
have, and continue to make, valuable contributions to the relationship we have established with the Edwards School
professional accounting profession, the business community of Business and we are pleased to make this investment in
and our province,” said Shelley Thiel, FCPA, FCA, CEO of our joint pursuit of excellence in accountancy,” noted Martin
CPA Saskatchewan. McInnis, FCPA, FCMA, Chair, CPA Saskatchewan Board.
6 CPA SKConnect
CPA NATIONAL
ADVERTISING CAMPAIGN
PROFESSIONAL ACCOUNTANTS ARE “Our new campaign cleverly illustrates that CPAs are leading
“THE RIGHT FIT FOR BUSINESS” financial and business experts that organizations can count
on for success,” adds Whyte.
Canada’s Chartered Professional Accountants (CPAs)
launched in the fall the third wave of a nation-wide The ad campaign is covering print, television, digital and
advertising campaign emphasizing the attributes that out-of-home advertising. It is seen across the country at
CPAs bring to the business world. airports, including Toronto Pearson International and Billy
Bishop airports in Toronto, Montreal, Vancouver, Calgary,
The new campaign, running September 7 to December 21 Edmonton, Ottawa, Winnipeg and Halifax. A television
and then January 11 to the end of March 2016, leverages a commercial that aired in September, bridged the past
jigsaw puzzle theme to demonstrate the value proposition campaign with the current campaign by incorporating the
that CPAs bring to business. The new tagline “the right fit for jigsaw theme using the word ‘Professional’.
business” demonstrates that CPAs are multifaceted – they
bring financial expertise to an organization and contribute The campaign was developed by CPA Canada in partnership
to its overall direction and performance. with Montreal-based advertising agency, Reservoir.
“Our newest campaign is a natural evolution of the ‘Pro’ “The CPA brand rapidly established itself as one of the most
or ‘Professional’ creative concept that launched the new dynamic within Canada’s business community,” says Simon
Canadian CPA profession in 2013,” says Heather Whyte, Boulanger, a partner at Reservoir. “The jigsaw campaign
vice-president of Strategic Communications, Branding allows us to extend and reaffirm such a leadership position
and Public Affairs at CPA Canada. “It has strengthened for the profession. Not only is the brand perceived as both
awareness of the value of the designation and the profession solid and credible by businesses and organizations, it is also
during the first two waves of the annual ad campaign.” a source of pride among members and students.”
Whether bringing together insight on strategy, vision,
finance, clarity or other business essentials, CPAs see the
bigger picture and help organizations of all sizes and in all
sectors achieve their vision.
December 2015 7
TIME TO SECURE
OUR FUTURE
UNIFICATION
CROSS
COUNTRY
UPDATE
ACCOUNTANTS IN MANITOBA CPA LEGISLATION FORMALLY MERGES
UNITE UNDER ONE DESIGNATION NOVA SCOTIA ACCOUNTING BODIES
Chartered Professional Accountants of Manitoba (CPA Professional accountants in Nova Scotia will be governed
Manitoba) has been established through legislation effective by one organization, Chartered Professional Accountants
September 1, 2015. of Nova Scotia, as the province completes the required
legislation to merge the three former accounting bodies.
On September 1, 2015, Bill 9, The Chartered Professional
Accountants Act, has been brought into effect by the On November 27, 2015, legislation was introduced to allow
provincial government. The CPA Manitoba Joint Venture the Nova Scotia CGA, CMA and CA bodies to merge their
has officially become CPA Manitoba and the three legacy 4000 accounting professionals into a single organization,
accounting bodies will no longer exist. This is a historic Chartered Professional Accountants of Nova Scotia (CPANS).
time for the accounting profession and business community
in Manitoba. CPANS and a board of directors were established in May 2015
when the new CPA designation was created. Today’s second
The CPA designation is Canada’s pre-eminent business stage legislation will complete the merger and create the
credential and accounting designation. With more than regulatory framework for CPANS to govern the membership.
9,000 members and students in Manitoba, CPAs will have
the ability to provide financial expertise to businesses in On December 11, 2015, the Chartered Professional
every sector of the economy. Accountants Act passed Third Reading in the Nova Scotia
House of Assembly. On the same date, legislation respecting
STATUS OF UNIFICATION amendments to the Public Accountants Act also passed
ACROSS CANADA third reading.
All 40 accounting bodies in Canada Before legislation is proclaimed into force, by-laws for
have either unified or are participating in discussions CPANS will need to be filed with the Province. A draft set
to unite under the Chartered Professional Accountant of by-laws are currently being prepared and then CPANS
(CPA) banner. will engage in a consultation process with the legacy bodies
through their boards and the transition steering committee.
A final proclamation date has not yet been set.
8 CPA SKConnect
EDUCATION AGREEMENT
WITH CPAWSB SIGNED
An Education Agreement with the CPA Western School The CEOs and governance of the four western provinces and
of Business (CPAWSB) was signed by the four western the CPA Western School of Business have had a number of
CPA organizations, where CPAWSB will provide the CPA meetings in early 2015 to consider the Education Agreement.
education program to their students and candidates. The agreement is likely the most critical document for the
CPAWSB has its head office in Edmonton, Alberta. partnership with the provinces as it outlines the reason the
School exists and the governing issues for the partnership to
be a successful one. They had a reference to the Education
Agreement representing the four provinces giving the School
the “go ahead.” Those discussions were fruitful and the
agreement was signed at the Western Regional Forum in
Victoria on September 29, 2015.
The CPA Western School of Business delivers the education
program for prospective Chartered Professional Accountants
in western Canada. Through a graduate-style learning
platform, practical experience, and exposure to standards
and ethics of the highest caliber, CPAWSB students become
(L to R) First row: Martin McInnis, Chair, CPA SK Board; Nola “business-ready” CPAs. Under the agreement, CPAWSB
Joorisity, Chair, CPAWSB Board, Olin Anton, Chair, CPA BC Board. will oversee the education of CPA Candidates in British
Second row: Robert Thorsten, Chair, CPA MB Board and Curtis Columbia, Alberta, Saskatchewan and Manitoba, as well as,
Palichuk, Vice Chair, CPA AB Board.
in the Northwest Territories, Yukon and Nunavut.
CPA SASKATCHEWAN
SUPPORTS STUDENT SUCCESS
AT UNIVERSITY OF REGINA
CPA Saskatchewan has partnered with the University of
Regina to provide philanthropic and sponsorship support
for students in the Faculty of Business Administration.
“We are delighted to receive support from CPA Saskatchewan,”
said Dr. Andrew Gaudes, Dean of the Faculty of Business
Administration. “It maintains our close relationship with the
accrediting body, which provides the professional designation
for Hill business students who aspire to be professional
accountants. Their generous donation will have tremendous
(L to R) Andrew Gaudes, Dean of the Faculty of Business
impact in sustaining several student experiential programs,
Administration; Shelley Thiel, CEO of CPA SK; Thomas Chase,
as well as faculty research in accounting.” Provost and VP (Academic), U of R; and Martin McInnis, CPA SK
Board Chair. (Photo courtesy of U of R Photography Department)
Sponsorship and philanthropic support includes the
Hill Business Dinner, Faculty Accreditation, JDC West
Competition, ICBC Competition and CPA Scholars, to province,” said Shelley Thiel, FCPA, FCA, CEO of CPA
name a few. Saskatchewan. “CPA Saskatchewan is pleased to be able
to provide this funding to the faculty members and their
“The Faculty of Business Administration plays an important students to assist them in their pursuit of achieving excellence
role in developing business leaders who have and continue in accountancy.”
to make valuable contributions to our profession and our
December 2015 9
REGULATORY MATTERS Congratulations to our new Members Sheryl Acapuyan, CPA, CMA Hope Fremont, CPA, CGA Tyler Matthies, CPA, CA Adewale Aigbonohan, CPA, CMA Kent Frondall, CPA, CA William McConkey, CPA, CMA Anni Amazona, CPA, CMA Qionglin Fu, CPA, CMA Alicyn Miller, CPA, CMA Haley Anderson, CPA, CMA Nick Gan, CPA, CMA Britni Moffatt, CPA, CA Tyson Armstrong, CPA, CA Ru Dan Gao, CPA, CGA Rogelita Molo-Mugot, CPA, CGA Maximo Bajenting, CPA, CMA Asma Gehlen, CPA, CGA Korey Morrow, CPA, CMA Loveleen Baldos, CPA, CMA Sean Gottschall, CPA, CMA Winnie Mutswangwa, CPA, CMA Elizabeth Bartha, CPA, CMA Landon Grubb, CPA, CA David Nguyen, CPA, CMA Catherine Beaudoin, CPA, CMA Biljana Grujic, CPA, CMA Melanie Oberg, CPA, CA Tisha Beaudry, CPA, CMA Daniel Gudmundson, CPA, CMA Trista Olszewski, CPA, CMA Natasha Berriault, CPA, CMA Zelong He, CPA, CGA Evelyn Ong, CPA, CMA Michelle Betker, CPA, CMA Christina Herauf, CPA, CMA Chong Pang, CPA, CA Darren Buck, CPA, CMA Kevin Hersche, CPA, CGA Brett Parker, CPA, CMA Miles Burkholder, CPA, CMA Crawford Hicks, CPA, CMA Kristin Pond, CPA, CA Tianyu Cai, CPA, CMA Shaun Huel, CPA, CMA Mary Ann Posada, CPA, CMA Matthew Carleton, CPA, CMA Judith Hydukewich, CPA, CMA Priscilla Premraj, CPA, CMA Jacelyn Case, CPA, CMA Brenton Isaak, CPA, CGA Devin Ralph, CPA, CMA Tzu Ju Chen, CPA, CMA Trevor Johnson, CPA, CMA Ofelia Raquinio, CPA, CGA Xiao Chen, CPA, CMA Cameron Johnston, CPA, CA Kristine Rasmussen, CPA, CMA Danielle Chiasson, CPA, CMA Avril Kahovec, CPA, CMA Jessica Ré, CPA, CA Aubrey Chicoine, CPA, CA Fahim Khan, CPA, CGA Pamela Reese, CPA, CMA Sarah Choi, CPA, CMA Ashley Kinzel, CPA, CA Heather Reimer, CPA, CGA Mildred Convento, CPA, CGA Kaitlynn Kitz, CPA, CGA Susan Relke, CPA, CGA Natalie Davidson, CPA, CA Alison Knuth, CPA, CMA Karmyn Richter, CPA, CMA Abiye Dickson, CPA, CMA David Kosik, CPA, CMA Melba Ruiz, CPA, CGA Kaleigh Doka, CPA, CMA Kimberley Krywulak, CPA, CMA Ashley Rushton, CPA, CA Boni Dorish, CPA, CMA Dustin Kuntz, CPA, CMA David Salmon, CPA, CMA Laura Downey, CPA, CA Xin Lai, CPA, CGA Rhonda Schappert, CPA, CMA Na Drever, CPA, CGA Kimberly Lawrence, CPA, CGA Alanna Schemenauer, CPA, CMA Calvin Ear, CPA, CMA Connie Le, CPA, CMA Vandana Sen, CPA, CGA Kayla Edgerton, CPA, CMA Da Li, CPA, CA Dallas Skulski, CPA, CMA Ali Elbermani, CPA, CA Fengping Li, CPA, CMA Michael Smith, CPA, CMA Scott Elliott, CPA, CA Pei Li, CPA, CA Matthew Solomon, CPA, CMA Tanya Epp, CPA, CMA Pengzhu Li, CPA, CGA Jesse Strom, CPA, CA Joshua Exner, CPA, CMA Jill Littlemore, CPA, CGA Rui Sun, CPA, CA Michael Fairbrother, CPA, CA Jesse Loyns, CPA, CMA Sokhamolida Sun, CPA, CA Julie Fallis, CPA, CGA Steven Mack, CPA, CMA Farhan Syed, CPA, CGA Reilly Farago, CPA, CMA Justin Malhiot, CPA, CA Haoqin Tang, CPA, CMA Ekaterina Fetter, CPA, CMA Erika Manko, CPA, CA Aimin Tian, CPA, CMA Devon Finlay, CPA, CMA Justine Marchuk, CPA, CMA Tracy Torgunrud, CPA, CMA Joshua Forbes, CPA, CGA Jocelin Martin, CPA, CGA John Tran, CPA, CMA 10 CPA SKConnect
Congratulations con’t IN MEMORIAM
Jennifer Tsang, CPA, CA We were saddened to learn of the passing
Kristopher Tsang, CPA, CA of the following members:
Matissa Tuazon, CPA, CMA
Eldon Amundson, CPA, CMA
Marsha Tucker, CPA, CGA
from Saskatoon, on July 20, 2015
Jenelle Vanstone, CPA, CGA
Sharleen Waddington, CPA, CGA Clarence Glessing, CPA, CA
Ashley Wadson, CPA, CMA from Calgary, on September 5, 2015
Tiffany Walter, CPA, CA Lyle Blenner-Hassett, CPA, CA
Qiaoxi Wang, CPA, CGA from Swift Current, on July 5, 2015
Aaron Watson, CPA, CA Peter Hrynewich, CPA, CA
Derek Whitson, CPA, CMA from Saskatoon, on February 26, 2014
Brian Williams, CPA, CMA
David Knight, CPA, CA
Michelle Wishart, CPA, CGA
from White City, on August 3, 2015
Yuchun Yang, CPA, CMA
Ben Yu, CPA, CMA Jan Lahti, CPA, CA
Janine Zarowny, CPA, CMA from Saskatoon, on July 16, 2015
Qianwen Zhu, CPA, CMA Kimberly MacLeod, CPA, CMA
Yi Zhu, CPA, CMA from Pilot Butte, on October 15, 2015
Yuelin Zhu, CPA, CMA Ron Milleker, CPA, CMA
from Weyburn, on September 20, 2014
Albert Nicholauson, CPA, CA
Welcome to
from Esterhazy, on July 22, 2015
RESIDENT MEMBERS Earl Saunderson, CPA, CA
from Regina, on February 18, 2015
Aaron Bird, CPA, CMA, from Alberta
Maureen Chrusch, CPA, CMA, from Alberta Melvin Siever, CPA, CMA
Jennifer Frank, CPA, CA, from Alberta from Estevan, on December 18, 2015
Robert Grodinsky, CPA, CA, from Quebec Lisa Strang, CPA, CMA
Hetalben Shah, CPA, CGA, from Alberta from McLean, on August 1, 2015
Hidayat Ullah, CPA, CGA, from British Columbia Anthony Whitworth, CPA, CMA, CGA
Qing Zhou, CPA, CA, from Ontario from Saskatoon, on December 13, 2015
Our thoughts are with their families and friends.
NON-RESIDENT MEMBERS
Caitlin Barth, CPA, CMA, from Alberta
Michael Boucher, CPA, CA, from Manitoba
Curtis Dylke, CPA, CA, from Alberta
Kelly Gould, CPA, CA, from Alberta
Minyan Liu, CPA, CGA, from Alberta GOVERNING DOCUMENTS:
CPA SASKATCHEWAN
BOARD RULES
All members are encouraged to be familiar with
CPD AUDIT the CPA Saskatchewan regulatory Rules which are
All members are eligible for an audit of posted on our website at cpask.ca. We recommend
their reported CPD, and documentation that members view the Board Rules under the
of CPD should be maintained for a Rules by Topic where they can just look at their
minimum of 4 years as required under area of interest. Those rules combine all levels of
Regulatory Board rule 345.5. regulation. One stop shop.
December 2015 11NOTICE OF RULE AMENDMENTS October 22, 2015
October 27, 2015 Amended:
2.1 11.3 21.4 32.4 34.2 62.2
CPA Saskatchewan
3.3 11.5 21.5 33.1 34.3 65
Notice of Rule Amendments 3.4 11.6 21.6 33.2 36.2 66.1
4.2 12.2 23.5 33.3 38.1 200.2
Registrants are subject to a regime of regulation defined as
Rules which, “means and includes any right, requirement, 4.4 12.3 23.8 33.4 38.2 200.3
obligation of a registrant or duty or power of the Institute 5.1 14.2 25.2 33.5 39.1 398.1
that is set out in the Act, a Bylaw, a Board rule, a Discipline 5.2 18.2 27.1 33.6 51.1 399.1
Committee rule and the Uniform Rules of Professional 5.3 18.3 28.5 33.7 52.1
Conduct, as amended from time to time.” Repealed:
Please be advised that the CPA Saskatchewan Rules have 13.6 25.4 38.3 65.1
been amended on June 8, 2015, July 9, 2015, September 16,
2015 and October 22, 2015.
To access the current version of the Rules please visit
our website.
Rules which have been amended or repealed are as follows:
June 8, 2015
Amended:
102.1 310.1 338.2 353.1 390.1 466.6
111.6 311.2 340.1 353.2 391.2 470.1
130.2 312.3 341.2 353.3 394.3 482.2 The Institute of Chartered Professional
130.10 314.2 343.1 353.4 395.1 485.3 Accountants of Saskatchewan
300.1 326.2 343.3 353.5 397.1
301.1 326.3 345.3 355.3 397.2 NOTICE OF SUSPENSION OF
301.2 328.2 345.4 356.2 465.1 REGISTRATION AS A FIRM
302.2 330.5 350.1 358.2 466.2
On November 12, 2015, the Board of the
302.3 332.1 352.2 373.8 466.5
Institute of Chartered Professional Accountants
Repealed: of Saskatchewan approved the suspension of
registration of the following firms:
None
Bruce Grandfield & Co.
July 9, 2015
Glen Koshman, CMA
Amended: S. Schopp, CA
501.1 502.3 505.2 508.1 510.2 513.2
The registrations of these persons have been
501.2 503.1 505.3 509.1 511.1 513.3 suspended pursuant to Regulatory Bylaws 32.1 and
502.1 504.1 506.1 509.2 512.1 514.1 130.10 due to non-compliance with one or more of
502.2 505.1 507.1 510.1 513.1 Bylaws 4.4, 24.2, 24.5, 130.1, and 130.9.
Repealed: Having been suspended, these persons may not
None use either the title ‘professional accountant’, the
professional designations ‘Chartered Professional
September 16, 2015 Accountant’ or ‘Chartered Accountant’ or ‘Certified
Amended: Management Accountant’ or ‘Certified General
Accountant’ or the initials ‘CPA’ or ‘CA’ or ‘CMA’
130.1 130.9 310.1 325.1 467.1 or ‘CGA’ in Saskatchewan.
Repealed: Authorized by:
None William Hill, FCPA, FCA, CMA
Registrar
The Institute of Chartered Professional
Accountants of Saskatchewan December 2, 2015
12 CPA SKConnectThe Institute of Chartered Professional Members CPA Saskatchewan Cannot Reach
Accountants of Saskatchewan
Below are the members that CPA Saskatchewan
NOTICE OF SUSPENSION OF staff has not been able to contact, and
therefore, whom may not have received various
REGISTRATION AS MEMBERS communications from CPA Saskatchewan since
On November 12, 2015, the Board of the proclamation of The Accounting Profession Act:
Institute of Chartered Professional Accountants Sheila Anderson
of Saskatchewan approved the suspension of
Raymond Bentley
registration of the following members:
John Foelkl
Sandra R. Bathgate David Gregoire
Phyllis Dunphy Marianne Haderlein
Thomas Nathaniel Flaig J.R. Hill
Guy B. Georget Edmund Lacina
Bruce Grandfield Andrew Lindsay
Roland Hamlin David Matchett
Lorne Charles Horning Richard Nichol
Hedwig Larkai Leonard Ordon
Shelly Malach
If you are one of the above noted members or know
Edward McAleer
how to reach anyone listed above, please contact
Darla Mikklesen the Registrar at registrar@cpask.ca to provide
Grant Ward information or to update your contact information.
The registrations of these persons have been Your assistance is appreciated.
suspended pursuant to Regulatory Bylaws 32.1 and
130.10 due to non-compliance with one or more of
Bylaws 4.4, 23.7, 130.1, and 130.9.
Having been suspended, these persons may not
use either the title ‘professional accountant’, the WANTED: VOLUNTEERS!
professional designations ‘Chartered Professional
Accountant’ or ‘Chartered Accountant’ or ‘Certified
Management Accountant’ or ‘Certified General
Accountant’ or the initials ‘CPA’ or ‘CA’ or ‘CMA’
or ‘CGA’ in Saskatchewan.
Authorized by:
William Hill, FCPA, FCA, CMA
Registrar
The Institute of Chartered Professional
Accountants of Saskatchewan December 2, 2015
You can give back to the profession by volunteering
with CPA Saskatchewan. We are looking for volunteers
to sit on our regulatory and advisory committees.
Please contact Sherri Schmidt at info@cpask.ca for
more details, if you are interested in donating some of
your time and expertise to one of our CPA committees.
December 2015 13Rita Bennett, Candidate Services Associate at CPA SK,
assisted with the introductions
FALL 2015 CPA
CONVOCATION
IN SASKATOON
(L to R) Shelley Thiel, CEO, CPA SK;
Martin McInnis, Chair of the Board, CPA SK;
Terry LeBlanc, Vice Chair of the Board,
CPA Canada
CPA Saskatchewan hosted its Fall 2015 Convocation of
Graduates and Award Presentation, Dinner and Dance,
on Saturday, November 14, in Saskatoon, at TCU Place.
At this historic ceremony, we convocated 169 CPA graduates, from the three different
legacy accounting programs: 21 graduates from the CA Program, 54 graduates from
the CGA Program and 94 graduates from the CMA Program. It was an amazing day,
full of firsts. Full of wonderful moments. Congratulations to all our graduates!
For a complete alpha order list of the Fall 2015 graduates click here.
The CPA Canada Message was delivered by Terry LeBlanc, FCPA, FCGA, Vice-
Chair of the CPA Canada Board. The Convocation Address was delivered by Martin
McInnis, FCPA, FCMA, Chair of the CPA Saskatchewan Board of Directors.
The presentation of graduates was done according to the legacy program completed
and graduates were introduced by a family member, friend, or professional colleague.
As well, Rita Bennett, Candidate Services Associate at CPA SK, assisted with
the introductions.
CA program Graduates CGA program Graduates
14 CPA SKConnectThe next order of business was the presentation of provincial awards. The lists of recipients are as follows:
CPA Saskatchewan
Legacy CMA Awards (L to R) Back row: Brian Williams, Karmyn Richter Scholarship Fund Awards
and Shaun Huel. Front row: Adam Hicks and Rick Whitson.
Students in Need
Oluwatoyin Adebogun
Jong Ho Choi
KGR Memorial Scholarship
Ashley Geiger
CPA High School Scholarship
Nial Christiansen
Final Legacy CMA Saskatchewan Awards
CMA President’s Gold Medal
Shaun Huel, CPA, CMA
SLP Team Achievement Award 2015
Adam Hicks, CPA, CMA
Karmyn Richter, CPA, CMA
Rick Whitson, CPA, CMA
Brian Williams, CPA, CMA
The ceremony ended with the Valedictorian Speeches. For the CA program class, the Valedictorian
was Stacey Fries, CPA, CA. For the CGA program, Kevin Tindall, CPA, CGA represented his class
and for the CMA program, it was Shaun Huel, CPA, CMA.
The master of ceremonies, for both the Convocation Ceremony and Dinner, was Shelley Thiel,
FCPA, FCA, CEO of CPA Saskatchewan.
Following the ceremony, a Convocation Dinner and Dance was held. After dinner, toasts
were delivered and introductions were made. Everyone celebrated with music or conversation.
The Lost Boys Band kept the celebration going on the dance floor until 1 a.m.
CPA Saskatchewan congratulates all our CPA graduates and award winners. Thank you to all the
family members, employers and friends of the graduates who attended the convocation events.
They made the day a very special occasion.
CMA program Graduates
December 2015 15FALL 2015 CPA CONVOCATION
CPA Canada
MESSAGE
Terry LeBlanc, FCPA, FCGA, Vice Chair, CPA Canada Board
I am pleased to be here to congratulate and welcome all With that in mind, I’d like to share with you seven things that
of the newest members into the profession. Today, you join I believe are important to every professional’s career:
more than 200,000 other professional accountants across the
country and around the world who share the new Canadian One, care about people. Care about the people you work
CPA designation. That’s an impressive number and an with, the people you work for, care about the people in your
exciting time to celebrate. community, care about your colleagues. People are the most
important asset in any organization.
Today marks the conclusion of one journey and the
beginning of another. It is a time for you, your family and Two, at some point, become a mentor. Share your knowledge
friends to celebrate a tremendous achievement in your life. and expertise to help others find their path and reach their
goals. You will be looked up to because of your qualifications.
As you celebrate today, you are likely experiencing a number Share that knowledge and experience to help others advance
of emotions — including excitement, of course. Perhaps also in their careers.
some relief at finally being able to put aside your study notes
— at least for a while! Three, do your best at all times. No matter what you
are working on, deliver only the best outcome possible.
You may also feel a little apprehensive about what the future Your personal reputation will benefit, as will the credibility
may hold and what will come next. My advice to you is, don’t of your work and the profession.
look at this time with apprehension. Instead, welcome what is
to come — this point in your career is like no other. Four, be ethical in all of your dealings, both personal and
business. Make sure your ethical compass is always on.
There is an opportunity to grow, as you transition from a Walk the talk.
student — who has completed a very demanding program —
to an accounting and business professional with a remarkably Five, stay curious. Welcome continuous professional
competitive skillset. So much to look forward to in the development. With this attitude, you will remain a valuable
days ahead! contributor to your organization’s strategy and business
development.
You are part of a united profession that will deliver on the
vision to make the CPA designation the pre-eminent, globally Six, take an interest in what’s going on in the wider profession
respected Canadian business and accounting designation. and make it a point to stay informed. You can turn to CPA
Canada for a wealth of education, information and resources
We will demonstrate the integrity of accounting professionals, — all right at your fingertips.
by holding ourselves to the highest standards and deliver on
our commitment to act in the public interest. And, finally — seven — get involved. Whether it’s at
the provincial or national level, there are extensive
We will demonstrate leadership, inspire confidence and opportunities to volunteer in ways that will help advance
command respect. the profession and your career. You are a professional
who can make a difference.
That is the commitment we all make.
In closing, I want to again offer my sincere congratulations.
Your designation opens doors to broader career choices, Take pride in your achievement and know that your
enhanced programs and services, and expanded professional dedication to our profession, along with the support of your
development opportunities. But, at the end of the day, colleagues and friends, will be crucial in helping you meet
it is what YOU bring to the profession that will lead to the challenges ahead. And, of course, CPA Canada and your
your success. provincial association will be here to support and encourage
Wherever your designation takes you, know that you will you along the way.
need to grow and develop throughout your working life.
Your journey of continuous learning and improvement
has only just begun.
16 CPA SKConnectCPA CANADA ANNUAL REPORT In his video message, Bob shares some exciting highlights
2014-2015 NOW AVAILABLE from the past year as the national journey to unification
culminated in the integration of CGA-Canada with CPA
The second annual report for CPA Canada, entitled Making Canada in October 2014. The report itself includes CPA
a Difference, is now available for downloading and viewing. Canada’s key objectives, major activities and achievements,
Bob Strachan, FCPA, FCMA, and chair of Chartered financial position, results of operations and cash flows for
Professional Accountants of Canada (CPA Canada)’s Board the year ended March 31, 2015.
of Directors, invites you to read the annual report to learn
more about CPA Canada and its accomplishments over the To access the annual report, click on the report cover.
last year.
December 2015 17MEMBER
PROFILE
LEADERSHIP
TO ENHANCE QUALITY OF LIFE
FOR SASKATCHEWAN RESIDENTS
Twyla MacDougall, CPA, CMA
Twyla MacDougall has been employed with the Government Ms. MacDougall obtained her legacy CMA designation in
of Saskatchewan for more than 20 years and is currently the 2003. She also holds a Bachelor of Administration degree
Assistant Deputy Minister of the Parks Division with the from the University of Regina.
Ministry of Parks, Culture and Sport (PCS) in Regina.
On the home front, Twyla and her spouse own and operate
“PCS maintains a strategic focus on quality of life for a grain farm (north of Craven), which has been in the family
Saskatchewan residents, as well as stimulates and supports for over 65 years. She got involved in this business when
economic growth through vibrant communities,” Twyla she married her husband, almost 29 years ago. “We have
noted. “We are stewards of the park land and provide a high also raised two bright and beautiful young women,” Twyla
quality experience for park visitors. We also partner with is proud to say. “Our eldest daughter, Alyssa, is a hospital
communities and organizations to increase participation and pharmacist at the Royal University Hospital in Saskatoon,
investment in arts, sport, recreation and cultural activities.” with clinical practice in oncology. Our younger daughter,
Brittany, is working towards a Doctor of Dental Medicine
To that end, Ms. MacDougall provides leadership on the at the University of Saskatchewan, College of Dentistry.”
development and implementation of the Saskatchewan park
lands strategy. There are 35 provincial parks and more than In the past, when her daughters were young and involved in
127 recreation sites and protected areas, totaling 1.2 million several activities, she volunteered to manage the finances of
hectares. In 2015, there were nearly 3.9 million visits to their hockey and softball teams. Later, she volunteered for
Saskatchewan’s provincial parks and recreation sites – many years with the CMA Executive Leadership Program,
an all-time record. During the busy camping season, up served on two film and video boards (SaskFilm and
to 600 employees work in the provincial parks, many of Association Tele-Educators of Canada) and now currently
whom are students. serves on the Board of Directors of the Conexus Art Centre.
“A key focus for Parks is our visitor services. Current It is obvious Twyla MacDougall is passionate about work,
program developments and enhancements include a new family and community life, and plans to continue giving
‘Learn to Camp’ program, where first-time campers are able back in the future. When asked what her life will be like in
to camp under the guidance of park employees,” said Twyla. 10 years, she said, “I look forward to spending more time
“Other enhancements include the online nightly camping traveling, volunteering right here at home and hope to have
reservation system and express check-in for campers at some grandchildren to spoil.”
several locations.”
The Parks Division also maintains and constructs park
facilities. Recent investments include new campgrounds,
upgraded washroom and shower facilities and expanded
electricity to more campsites. In terms of natural landscapes,
Twyla leads heritage and conservation strategies to retain
the natural environment qualities of the provincial parks.
18 CPA SKConnectMEMBER SERVICES
MATTERS
WHAT DOES IT MEAN TO BE A d) Pay fees to CPA Saskatchewan and complete the
MEMBER OF CPA SASKATCHEWAN? on-line member renewal process by May 15 each year.
As one of the most recognized and respected accounting More information on the Act and the Rules is available at
designations in the world, it is a privilege to be a CPA. CPAs “Governing Documents”.
are known to be highly qualified professionals in accounting THE USE OF THE TITLE
and business, possessing the financial proficiency, strategic
vision and commitment to help organizations compete AND DESIGNATION
and succeed. CPAs are committed to the highest standards Only members or firms registered with CPA Saskatchewan
of professionalism. Although it is a globally recognized have the right to use the title “professional accountant”
designation, in Canada, the profession is regulated at the or the designation “Chartered Professional Accountant.”
provincial level. The Act also states that no other person shall use any
The Institute of Chartered Professional Accountants of designation, title, initials or description, abbreviated or
Saskatchewan (“CPA Saskatchewan”) came into existence otherwise, to imply that the person is a member or a firm.
on November 10, 2014, with the proclamation of The All members or firms registered with CPA Saskatchewan
Accounting Profession Act (“the Act”) by the Province of must refer to themselves as a “CPA” or “Chartered
Saskatchewan. The Act creates and describes the functions of Professional Accountant”. In addition, members of a Legacy
CPA Saskatchewan, the self-regulatory body for professional body designation or members who completed a Legacy
accountants, and provides the framework for the governance designation education program must use the designation
of its members. In accordance with the Act, each member “CPA” before the member’s Legacy designation. For example,
of CPA Saskatchewan has rights, privileges, obligations and Jane Doe is registered as a member of CPA Saskatchewan.
responsibilities. These include: Jane was a CGA on November 9, 2014. Jane will use
1. The right to use the title “Professional Accountant” or the the designation “CPA, CGA”. Tagging with the Legacy
“CPA” designation; designation is mandatory until November 10, 2024.
2. The privilege to practice the profession; More information on the use of the designation and title is
available at “Use of CPA Designation”.
3. The responsibility to know and understand the Act,
and the Bylaws and Board Rules established by CPA REPORTING YOUR CPD HOURS
Saskatchewan, and the Uniform Rules of Professional FOR 2015
Conduct (collectively called “the Rules”); and
Beginning January 1st, 2015, all CPD reporting is through
4. The obligation to: member.cpask.ca. All CPD for 2015 is to be recorded in the
CPA site and not in your legacy reporting tool. Your login is
a) Comply with the Rules. This includes notifying CPA your member ID and the password is the one you set during
Saskatchewan if the member or another member has Member Renewal. Click on “My CPD” to enter the section
committed any act which may be considered to be for recording your 2015 CPD. Remember, the deadline
professional misconduct. to report your 2015 CPD hours is February 15, 2016.
b) Inform CPA Saskatchewan, within a reasonable time, CPAs need a minimum of 20 CPD hours annually, of which
of any changes in the member or firm record, including 10 hours must be verifiable.
name, address, employer, email, or phone number.
All courses and events offered through CPA Saskatchewan,
c) Remain up-to-date on developments in the profession that qualify for CPD, will be pre-populated in your “My
by participating in Continuing Professional CPD” by CPA Saskatchewan staff, as events are completed.
Development activities and declare these activities
to CPA Saskatchewan by February 15 each year for
the previous calendar year.
December 2015 19PROFESSIONAL DEVELOPMENT Register for your selected courses on-line through the CPA
Saskatchewan Member Login using your PD passport or
Our first professional development (PD) season launched as credit card.
a unified profession began with the on-line publication of the
2015/16 PD calendar in August and our first PD course on For registration inquiries,
September 28. CPA Saskatchewan is excited about offering a contact Rhonda Day (306) 337.2836
record number of courses and eagerly anticipating a record For course content inquiries,
number of attendees for the 2015/16 PD season. In addition, contact Shelley Lukasewich, CPA, CGA (306) 337.2841
the new PD season saw E-Learning move to a new platform,
Blackboard, and the introduction of a new distance option, CPA CANADA’S MEMBER NEWS GIVES
the Live Broadcast. Live Broadcast provides interaction READERS WHAT THEY WANT
with one of our qualified instructors without having to leave
your office. CPA Canada’s dynamic e-newsletter called Member News,
gives you the information you want at your fingertips.
Unfortunately, due to circumstances beyond the control Read about the topics that interest you in your very own
of CPA Saskatchewan, 2015-16 has seen several course customized publication.
cancellations and rescheduling. CPA Saskatchewan thanks
members for their patience. The content of the monthly e-newsletter is automatically
pulled from new content on the CPA Canada website. It is
The period of September 28 – November 30 saw over delivered directly to you based on the topics and interests
1,000 individuals take part in courses offered by CPA you identify as your personal portfolio with the new CPA
Saskatchewan. The following table provides some Canada Preference Centre.
additional information on attendance:
To that end, CPA Canada recently ran the “Get Only the
Courses Attendees
Content You Want” campaign that encouraged members to
Regina Courses 21 378 update their communication preferences to receive real value
from the content they chose from CPA Canada.
Saskatoon Courses 30 631
Live Broadcasts 3 45
A sample of upcoming course offerings in January 2016:
• COSO Undone – Transitioning to the New COSO,
January 11, Saskatoon
• Controllership – A ‘Partner’ for Business,
January 19, Saskatoon
• 50 Shades of Beige: Communicate with the
Cross Cultural Advantage, January 19, Regina
• My Zero Inbox, January 27, Regina
• When Perfect is Not Good Enough,
January 28, Saskatoon
To check out all of CPA
Saskatchewan’s course CPA SASKATCHEWAN’S WINTER
offerings, download our on- 2016 CONVOCATION SAVE THE DATE
line PD Calendar.
The next CPA SK Convocation Ceremony and Dinner is
o find courses on a
T scheduled for Saturday, February 6, 2016, in Regina, at the
particular topic, head to Queensbury Centre. This convocation will be for the first
the courses webpage found CFE writers. Invitations to all eligible graduates will be sent
HERE where you can filter out later in December.
the courses by topic.
20 CPA SKConnectTHE INAUGURAL 2015 COMMON FINAL KUDOS TO
EXAMINATION (CFE) Daphne Arnason, FCPA, FCA, for receiving the University
There were 67 successful CFE writers in Saskatchewan. of Saskatchewan Alumni Association’s 2015 Alumni
More information on the candidates is available at “CFE Achievement Award.
Results”. Watch for the photos of the successful candidates Bev Brennan, FCPA, FCA, on being awarded the 2015
in the Leader Post and Star Phoenix on or around Lifetime Achievement Award from the Institute of Chartered
February 6, 2016. Professional Accountants of Alberta.
CPA SK AGM AND CONFERENCE 2016 Calvin Ear, CPA, CMA, on his appointment as Manager,
SAVE THE DATE Business Support for the Office of the City Manager, City
of Regina.
The next CPA Saskatchewan AGM and Member Conference
will be held in Regina, on May 24 (evening reception) and Gary Entwistle, CPA, CA, on being a recipient of the
May 25, 2016, at the Queensbury Centre. Agenda details 2015 Provost’s College Award for Outstanding Teaching –
and registration information will be available on our Edwards School of Business.
website as soon as arrangements are completed. Plan to Dallas Green, CPA, CGA, for being a presenter on how to
attend. Save the date! become a CPA, at the Saskatoon High School Career Fair.
CPA SK SCHOLARSHIP FUND BOARD Brandy Mackintosh, CPA, CA, on being a recipient of the
HELD AGM IN SASKATOON USSU 2014-2015 Teaching Excellence Award.
The CPA Saskatchewan Scholarship Fund Board held its Craig Reynolds, CPA, CA, on being named one of CBC
annual general meeting in Saskatoon, on Friday, November Saskatchewan Future 40 for 2015.
13, 2015, at TCU Place. The meeting was presided by Jessica Sentes, CPA, CMA, on her appointment as Director,
Don Walker, CPA, CGA, Scholarship Fund Board Chair. Saskatchewan Municipal Board.
Members interested in reviewing the financial statements
can do so by visiting the website. Leah Sullivan, CPA, CMA, on her appointment as Director
of Corporate Services, City of Martensville.
MEMBERS SAVINGS PROGRAM
Cathy Warner, FCPA, FCA, on her appointment as
Take advantage of exclusive member offers. The CPA Vice-Chair to the University of Regina Board of Governors.
member savings program offers members exclusive offers
and discounts on products and services that have been Blair Weimer, CPA, CA, for volunteering to be a judge at
negotiated for you by your national and provincial CPA University of Saskatchewan’s Edwards School of Business
body. To learn more visit cpacanada.ca. Annual Internal Case Competition.
CPA SK HELD FIRST OPEN HOUSE CPA SK Open House held on November 30
FOR MEMBERS
CPA Saskatchewan hosted its first Member Open House
on Monday, November 30, at the CPA Saskatchewan
offices in Regina. Over one hundred members attended the
event and toured the facilities. The event was part of the
one year anniversary celebrations of the creation of CPA
Saskatchewan. Thank you to all who attended.
December 2015 21CPA SK STAFF NEWS
CPA Saskatchewan Sue James Retires
welcomed a new After 8 years of service, first
staff member with the Institute of Chartered
Accountants of Saskatchewan
Sherri Schmidt and now with CPA
Sherri joined CPA Saskatchewan as Executive
Saskatchewan in October 2015 Assistant to the CEO, Sue
as Senior Executive Assistant, James has decided to retire,
Regulatory Affairs. effective December 31, 2015.
Sherri is responsible for providing senior administrative Sue is our source for
support in the Regulatory Affairs area of the Institute, information and guidance. We will miss her. She has a
including the Office of the Registrar, disciplinary matters, tremendous amount of energy and always gets things done
non-disciplinary enforcement, rules and standards, and on time and with a smile. Her sense of humour is legendary.
the management of the Regulatory Affairs Department. Sue ensured a sound solution to each situation with her
In addition, Sherri provides support to the Practice dedication, discipline and hard work.
Inspection Committee and is back-up for the Executive Happy retirement Sue!
Assistant to the CEO.
Welcome to the CPA Saskatchewan team, Sherri!
Welcome to our Welcome to our
team! Meet our team! Meet our new
new Administrative Executive Assistant
Assistant
Rebecca Parry
Mapula Akinloye Rebecca is the assistant
Mapula has joined the to the Chief Executive
CPA Saskatchewan team as Officer, assistant to the CPA
Administrative Assistant and Saskatchewan Board and
she will be responsible for coordinates the marketing
providing administrative support, assisting with member communications and public
events, candidate services, member/candidate e-mails, relations programs.
phone calls, faxes, the Professional Development Program, Besides that, she is responsible for organizing the AGM,
registrations and payments, data entry and other related producing communication materials, contributing to the
administrative activities. member newsletter, and acting as liaison with government
departments.
Welcome to the CPA team!
Welcome to the CPA team!
22 CPA SKConnectRecognizing public
sector financial
management excellence
Nominations are open for the
Awards of Excellence in Public
Sector Financial Management,
presented annually by Chartered
Professional Accountants of Canada
CPA CANADA NEWS (CPA Canada).
The awards celebrate innovative
thinking, leadership and exemplary
delivery of financial management
Celebrate the top tier services that lead to higher
in corporate reporting productivity and/or cost savings.
Beyond recognition, the awards
Connect with Canada’s business provide an opportunity to promote
elite at the CPA Canada Awards of and share best practices in this
Excellence in Corporate Reporting important field.
gala. The awards were presented on
December 9th at the Arcadian Court The award categories are:
in downtown Toronto. The awards
• Innovation
recognize publicly listed companies
and crown organizations that set • Financial Leadership (CFO)
the bar for high quality corporate
reporting. • Lifetime Achievement
Nominations can be submitted by
any person within the Government
of Canada, as well as the general
public. The deadline for submissions
is February 19, 2016.
An independent selection committee
comprised of senior public servants
and industry experts will determine
the winners, who will be announced
in May.
For more information, visit:
cpacanada.ca/PSFMawards
December 2015 23RESOURCES, PROGRAMS
AND EVENTS
Vancouver’s Audit and assurance
Translink responds alerts on CSAE 3000
to a changing climate and CSAE 3001 now
A second case study is now available available
as part of CPA Canada’s climate Chartered Professional Accountants
change adaptation initiative. The case of Canada’s Audit and Assurance
study features Metro Vancouver’s Alert CSAE 3000 and CSAE 3001
transportation authority, Translink, raises awareness about the
which is responding to the risk requirements pertaining to
of rising sea-levels and intense attestation engagements other
rain on its infrastructure. In this than audits or reviews of historical
case study, you’ll learn how its financial information and direct
accountants identify the risks and engagements. These requirements
look for opportunities in the face are effective for attestation or
of climate change. direct engagements where the
Watch the video and download a assurance report is dated on or
PDF version of Adaptation Case after June 30, 2017.
Study #2: TransLink. In addition to a basic
understanding of attestation and
IFRS 15 Revenue direct engagements, this audit
from Contracts with and assurance alert outlines the
Customers – your differences between attestation
engagements and direct engagements
questions answered as well as what has changed for the
Affected by IFRS? If so, Chartered practitioner in terms of CSAE 3000
Professional Accountants of Canada, and 3001, in contrast to the replaced
in collaboration with Deloitte, has Sections 5025, 5030, 5049, 5050
developed a Q&A publication to and 8100.
address some common stakeholder
questions relating to IFRS 15. Download Audit and Assurance
Members, both in industry who Alert CSAE 3000 and CSAE 3001.
implement IFRS 15 and in practice
who work with their clients through
the implementation process, can
rely on this document for clarity
and insights into the standard.
Access IFRS 15 Revenue from
Contracts with Customers – Your
questions answered today.
24 CPA SKConnectCPA Canada guide Disclosure of audit objectives that will guide its
provides tips on risk tenure: gaining standard-setting activities over
the next five years. The proposed
assessment of NFPOs momentum in the U.S. strategies affect all major categories
under CAS Disclosing audit tenure is a good of reporting entities – publicly
In a new guide, Chartered first step toward generating interest accountable enterprises, private
Professional Accountants of Canada in the audit process, but will it help enterprises, not-for-profit
(CPA Canada) provides an in-depth drive audit quality? The August 13 organizations and pension plans.
look at performing a risk assessment Audit Quality Blog post discusses
under CAS, as part of an audit the implications of the potential Improving financial
of a not-for-profit organization move by the U.S. Securities Exchange statement effectiveness,
(NFPO). CPA Canada’s Guide for Commission (SEC) mandating audit
tenure disclosure. one step at a time
Auditors: Audits of Not-for-Profit
Organizations: Risk Assessment A new CPA Canada guide provides
under Canadian Auditing Standards Are Budget 2015’s an easy-to-follow, five-step approach
addresses key issues likely to arise section 55 proposals you can take to simplify financial
when applying the risk assessment statements. Designed to reduce
too broad? disclosure overload ineffectiveness,
standards set out in CAS in an
audit of an NFPO. You’ll learn In CPA Canada’s latest Tax Blog, this approach will add immediate
about the characteristics of NFPOs, VP Gabe Hayos assesses Budget value to your communication
engagement risks and independence 2015’s aim at capital gains tax with stakeholders in compliance
issues, materiality issues, how to avoidance involving inter-corporate with disclosure requirements,
identify and assess risks of material dividends, and questions whether with minimal cost and resource
misstatements in an NFPO audit or not the proposals could hit long- investments. The guide advises on
(overview), and about assessed risks accepted commercial transactions. such topics as how to make financial
at the financial statement level as well reporting a strategic matter, focus
Read the full Tax Blog on section 55,
as at the assertion level. on materiality, refine formatting and
and share your views on the
presentation, apply a truly condensed
Access Guide for Auditors: Audits proposals. Are they too wide of the
approach to interim reporting, keep
of Not-for-Profit Organizations: mark? Your examples might persuade
looking ahead.
Risk Assessment under Canadian Finance to have another look.
Auditing for more information. Access your electronic copy of
From the Standards Five steps to simplifying financial
Latest posts on Boards: Accounting statements.
CPA Canada’s Audit Standards Board
Learn how Mountain
Quality Blog 2016-2021 Strategic
Equipment Co-op
CPA Canada’s Audit Quality Blog Plan forum
(MEC) is adapting
is designed to create an exchange The Accounting Standards Board
of ideas on global audit quality to climate change
(AcSB) held a cross-Canada open
developments and issues, and their forum, from July to September, In a short new video developed by
impact in Canada. Here are the to hear stakeholder views on its Chartered Professional Accountants
latest posts from CPA Canada’s 2016-2021 Draft Strategic Plan, of Canada (CPA Canada), learn how
audit expert Eric Turner: “Accounting Standards in Canada: MEC is responding to the impacts
At the Leading Edge of Financial of climate change on its sales and
Audit committees: Reporting.” supply chain. As the third case study
making best use of audit in CPA Canada’s climate change
Financial statement preparers, adaptation initiative, this video will
inspector publications auditors, regulators, and users were show you how MEC’s accountants
Audit committee chairs have a invited to an in-person roundtable support the company’s decision-
key role in ensuring that auditor discussion hosted by the AcSB’s making process and supply chain
inspector publications are used Chair, Linda Mezon, and senior improvement efforts.
effectively and in the appropriate Board representatives.
context with their audit committees. Watch the full video: Mountain
The draft strategic plan outlines Equipment Co-op: Adapting to
Read more in the July 22 Audit the AcSB’s vision, how it intends
Quality Blog post. climate change – case study 3.
to operate, and the broad policy
December 2015 25You can also read
