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2. If I qualify for a reduction in my
membership dues, do I
automatically qualify for an
exemption from CPD?
The criteria for a dues waiver and a CPD exemption are not the same; therefore, qualifying for one does not mean you automatically
qualify for the other. You have to apply for
each separately.
Note that once the CPD exemption is
granted, it will remain in effect until you no
longer meet the exemption criteria. If your
circumstances change such that you no longer
meet this criteria, you must advise CPABC’s
CPD administrator immediately by email at
[email protected].
“Public accounting services” are defined in CPABC Bylaw 100 as:
a) performing an audit, review, or other assurance engagement governed by standards of
professional practice published by CPA Canada or corresponding standards established in a
jurisdiction outside Canada, or issuing an auditor’s report, a review engagement report, or
another assurance report in accordance with such standards;
b) issuing any other certification, declaration, opinion, or report with respect to the application
of financial reporting and accounting standards published by CPA Canada or other
Canadian standards published by CPA Canada, or corresponding standards established in
a jurisdiction outside Canada; and
c) performing a compilation engagement.
3. I’m a partner in a CPA firm, and
I’m planning to retire from public
practice soon. I’m thinking of
moving into consultancy. Would
I have to maintain my public
practice licence?
Whether you require licensing will depend
on the nature of the professional services
you intend to offer as a consultant. If you
plan to offer any “public accounting services”
or “other regulated services,” you would be
considered to be in public practice and you’d
be required to be licensed and insured
accordingly.
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