Law merges accountant designations

Legislation to create the Institute of Chartered Professional Accountants of Saskatchewan (CPA Saskatchewan) was proclaimed November 10.

This means professional accountants in Saskatchewan are now represented by a single, self-regulating body and share a new, common designation-Chartered Professional Accountant (CPA).

"The Accounting Profession Act is part of the broader initiative to merge provincial professional accounting associations across Canada," Finance Minister Ken Krawetz said. "This legislation strengthens and unifies the accounting profession in our province."

The CPA designation is Canada's preeminent accounting and business designation.

"We're excited to have successfully arrived at this significant milestone, having merged all three accounting designations," said CPA Saskatchewan Chair Martin McInnis.

"It shows Saskatchewan's leadership in accounting and business."