CMAs to join national CA merger

Clay accounting tokens, Susa, Uruk period.

While CMA organizations in most provinces have indicated willingness to work toward a merger with CAs, CMA Ontario has previously been a holdout, leaving a potentially major gap in the combination of the two accounting bodies.

The two organizations have proposed creating a new Chartered Professional Accountant (CPA) designation, streamlining a complex array of professional designations.

The national bodies for CMAs and CAs have already reached an agreement to create a new organization as of Jan. 1 to oversee the CPA Canada designation. Because accounting is provincially regulated, however, accounting bodies in each province must also agree to merge before the CPA designation can be adopted in each jurisdiction.

Canada’s third main accounting body – Certified General Accountants – is not participating in the merger in most provinces, but CGAs in Quebec have already merged with CAs and CMAs in that province.

The four accounting designations – CA, CMA, CGA and now CPA – will all be in existence for some time as the mergers unfold, and as long as any provinces do not join.

via Ontario CMAs to join national merger talks – The Globe and Mail.

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How accountants can save the world

Accountants' Office

Will accountants save the world? That was one of the most provocative questions to come out of the Rio+20 conference on sustainable development last week.

While it will take some time to get an answer to that question, the fact that it’s being asked demonstrates the level of concrete involvement in sustainability issues by the business community, which was more involved — and more engaged — than at any United Nations conference in history. And at least at the city and organization levels, cross-sector collaboration was evident, declarations rampant and commitment to concrete action well underway.

Especially in the finance sector, where arguably the most opportunity exists, I heard a lot that gave me reason to hope. During my time in Rio, I talked to bankers, accountants, business leaders and academics — all of whom spoke passionately about the need to value and appropriately account for nature.

Here are five efforts that stood out as examples of the role that just about every stakeholder in the financial markets system — bankers, investors, insurers, corporations, accountants, top executives, stock exchanges, or financial analysts — can play:

Natural Capital Declaration (NCD)’s 39 banks, investors and insurers (see Principles for Sustainable Insurance) joining forces with more than 50 countries — including the UK, Philippines and South Africa, as well as corporations, including Unilever, Dow Chemical and Puma — to make a collective call for natural capital valuation. A strong start, but one issue is that the larger financial institutions are not yet involved.

via How accountants can save the world — maybe | GreenBiz.com.

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SAICA extends tax offering to public

Institute of Chartered Accountants Australia -...

Johannesburg, Wednesday, 25 April 2012 – As tax legislation continues to be more complex and turbulent, the South African Institute of Chartered Accountants Saica has launched the Tax Suite, a tax knowledge-based platform aimed at keeping local practitioners, advisers and just about anyone that has anything to do with tax abreast of international and local best practice.Offered to both Saica members and non-members alike, the subscription-based web product is a comprehensive and broad tax resource offering on the South African market, backed by the countrys authoritative chartered accounting body.

Chartered Accountants already have access to Saicas normal tax resources, but the Tax Suite goes beyond this. It provides a great opportunity for all participants in the tax space, not affiliated with the institute, to receive a range of services at CA-quality levels not yet seen in the marketplace,” explains Saicas Standards Senior Executive Muneer Hassan pictured.According to Hassan, no other tax resource on the market delivers the same value-add that the Tax Suite does. Not only is there value inherent in court case analyses, Tax Suite newsletters and journals, and in the business matching feature, but the Tax Suite is staffed by a uniquely qualified team.There are, according to SARS, more than 34,000 tax practitioners in South Africa. Hassan believes that the Tax Suite service will find wide appeal from both members who practice in tax, and from a much wider audience of tax practitioners. “We have already received positive feedback from the legal fraternity, and the broad tax advisory industry. There are competitive offerings,” says Hassan. “but none that have the depth of staff, or value that our Tax Suite provides. We are confident that this service will become South Africas premier tax reference site in a short space of time.”

via Moneywebtax – Saica extends tax offering to public – Integritax.

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Accounting firms can help Singapore stay competitive

Teo Chee Hean

Accounting firms can play an important role in helping Singapore stay competitive in the financial services industry while also devising innovative business models, said Deputy Prime Minister Teo Chee Hean on Monday.

Mr Teo pointed out that the accountancy sector, with its adherence to international standards and regulation, will play a crucial role in helping other businesses grow while also thriving as an industry in its own right.

‘We want Singapore to be a global accountancy hub that offers high-value-added professional accountancy services, that is a home for global accountancy organisations and serves as a thought and practice leader in the design and implementation of global accounting practices and standards,’ he said.

Singapore aims to raise the accounting sector’s contribution to the economy from 0.4 per cent now, to 1 per cent over the next 10 years.

via Accounting firms can help S’pore stay competitive: DPM Teo.

Cash Accounting and Consulting

As an innovative problem solver with the unique ability to pursue creative solutions to a variety of issues and concerns, Dr. Sam Cash carries over 25 years of solid experience working in and for a number of organizations across the for-profit and nonprofit sectors.   Dr. Cash’s wide range of experience includes nonprofit governance, reporting, filings, accounting, auditing, fund-raising, advancement services, external affairs management, and communications.  Educationally, Dr. Cash participated in the development of courses in leadership, audit training, and estate planning.  He is a regular advisor to business and nonprofit leaders and staff and maintains an active presence in his church and community.

via About Sam Cash « Cash Accounting and Consulting.