CPA PEI Newsletter - CPA Prince Edward Island

Volume 1 Issue 4
> CPA Hot Links
CPA PEI
Newsletter
FOR PRINCE EDWARD ISLAND’S ACCOUNTING PROFESSIONALS
Dear Members:
We are pleased that a significant step has been achieved
with the passing of our new
legisla on on November 27,
2014, the Chartered Professional Accountant and Public
Accoun ng Act.
We thank Government and
the Opposi on for the me
and effort they put in to making this happen. We especially thank our Legisla on Commi ee consis ng of Denise
Lewis Fleming, CPA, CA;
George Mason, CPA, CA,
CMA; and Lisa Underhay,
CPA, CGA for all their hard
work over many months to
make this happen.
WINTER 2015
some me early in the new
year.
In the mean me, the joint venture CPA PEI will con nue to
operate.
Tanya O’Brien, CPA, CA
Chief Execu ve Officer, CPA PEI
Please note there is s ll work
to be done to put in place
the required regula ons and
by-laws, before the legisla on
can be proclaimed and come
into force, which is expected
Latest News: I t’s official! 190,000 PROS , One Designation
October 1 marked the final
step in the crea on of CPA
Canada—Canada’s sole naonal accoun ng body created through the consolida on
of opera ons of three na onal accoun ng organiza ons:
the Society of Management
Accountants of Canada;
the Cer fied General Accountants Associa on of Canada; and
the Canadian Ins tute of
Chartered Accountants.
With nearly 400 employees
across four loca ons and a
member-base of more than
190,000 professional ac-
countants, CPA Canada is
now one of the largest naonal accoun ng bodies in
the world.
That gives Canadian professional accountants a unified
voice – and one with tremendous influence both na onally and interna onally.
The historic occasion resulted
in congratula ons from many
Canadian and interna onal
leaders, including Canada’s
federal ministers of Finance
and Na onal Revenue and
Former Auditor General of
Canada Sheila Fraser, among
others.
View the congratula ons as
they appeared in The Globe
and Mail, the Na onal Post
and Les Affaires
Inside this issue:
Latest News
1
Member News
2
Student News
2
CPD
3
CPA Canada
3
Important Dates
3
New Publications
4
Page 2
CPA PEI
Member News
We welcome the following new members into CPAPEI who have completed their education and
terms of service:
Matthew Adams, CPA, CMA
Jennifer Buchanan, CPA, CMA
Jenna Lynn Bysterveldt, CPA, CA
Stephen Cassidy, CPA, CA
Johnathan M. Doiron, MBA, CPA, CMA
Chelsey Gorveatt, CPA, CA
John Lund, CPA, CMA
Angela MacDonald, MBA, CPA, CMA
Chad MacGuigan, MBA, CPA, CMA
Benjamin MacInnis, MBA, CPA, CMA
Chris MacIntyre, CPA, CMA
Michelle MacIntyre, CPA, CGA
Bruce Matheson, CPA, CMA
Jordan McNally, CPA, CA
Melissa McRae, CPA, CGA
Sam Mugford, CPA, CA
Darcy Murnaghan, MBA, CPA, CMA
Danette Murray, CPA, CGA
Kristina O’Donnell, CPA, CA
Ghislain Pigeon, CPA, CGA
Alicia Wilbert, CPA, CA
Jonathan Wilson, MBA, CPA, CMA
University of Prince Edward Island
Green Diamond Equipment Ltd.
BDO
MacPherson Roche Smith and Associates
Charlottetown Islanders,QMJHL
MRSB Chartered Accountants
University of Prince Edward Island
TC Media
Veterans Affairs Canada
Cogsdale
D.P. Murphy Inc.
MRSB Chartered Accountants
Matheson & Associates
Arsenault Best Cameron Ellis
Sharon R. O’Halloran, CGA Inc.
BDO
Deltaware Systems Inc.
Strait Crossing Bridge Inc.
Grant Thornton
Province of PEI
MacPherson Roche Smith and Associates
Province of PEI
S tudent N ews
Successful PEI Candidates on the 2014 National Uniform CA Exam
Graduate
Members should mark
their calendars for the
upcoming ICAPEI
Convoca on and
Awards Ceremony to
be held February 20,
2015 at the Delta
Prince Edward Hotel.
Christopher Arsenault
Douglas Costello
Stephanie Fraser
Chelsey Gorveatt
Andrew Hayes
Jamie Lawlor
Janell MacDonald
Jason MacLean
Brianne MacNevin
Jason McAlduff
Vidhath Shetty
Chad Smith
Jingshu Zhang
Articled With
MRSB Chartered Accountants
Grant Thornton LLP
MacPherson Roche Smith
MRSB Chartered Accountants
MacPherson Roche Smith
Grant Thornton LLP
BDO Canada LLP
Fitzpatrick and Company
BDO Canada LLP
Grant Thornton LLP
Arsenault Best Cameron Ellis
Fitzpatrick and Company
Office of the Auditor General
Recipient of a Chartered Accountants of Canada Gold Medal for the highest standing in Eastern Canada and the
Gerry Gillis Memorial Award for the highest standing in PEI:
Janell MacDonald BDO Canada LLP (Charlottetown)
Volume 1 Issue 4
Page 3
CPD— C ontinuing P rofessional D evelopment
A reminder that members
must maintain their CPD requirements under their exis ng legacy bylaws which are
essen ally:
·
·
·
complete a minimum of
120 hours of CPE over a
three-year cycle, including at least 60 hours of
verifiable study;
complete at least 20
hours of study annually;
choose learning opportuni es that provide for
the development of new
or exis ng competencies
that are relevant to the
individual member’s
overall professional responsibili es and
growth.
Upcoming CPD Courses
January 9, 2015
Tax for Controllers
January 14, 2015
Personal tax Refresher (1 day course)
January 15, 2015
Management Accoun ng Refresher
January 16, 2015
Accoun ng, Audi ng and Professional
Prac ce Update (this can be taken as a ½
day accoun ng course or ½ day audi ng
update).
January 21, 2015
Non-Profit Organiza ons and Chari es:
Accoun ng, Audit and Tax
If you would like any informa on on the above courses please go
to www.cpapei.ca/documents/item80541.pdf
CP A C anada
New CPA Canada integrated enewsletter and preference centre
CPA Canada has introduced a new and easy way to manage your online communica ons from
the na onal office. Through CPA Canada’s preference centre, you are now able to iden fy and
select the content you would like to receive and the communica ons channels through which it is
delivered. Upda ng your account is fast and easy. Visit the My Account sec on on the CPA Canada website (French: Mon compte) and follow the prompts to iden fy your interests and subscripons so you will receive the informa on you want, when and how you want it.
CPA Canada has introduced
a new and easy way to manage your online communicaons.
I mportant Dates
Mark your calendar for the following upcoming events:
à
February 20, 2015 - ICAPEI Convoca on and Awards Ceremony to be held at the Delta Prince Edward Hotel.
New Publications
from CPA Canada
Canadian Professional Engagement Manual (C•PEM), 2014
A NEW offering from CPA Canada, the C•PEM Forms Walkthroughs are prac cal videos are designed to
walk C•PEM subscribers through the process of filling out the key C•PEM forms step-by-step. With clear,
insigh ul explana ons from the author of C•PEM, Stuart Hartley, these short, five-to-ten-minute videos
discuss where each form fits within the audit process, the applicable CAS requirements and how each
form should be completed.
cpacanada.ca/cpemvideos
C•PEM Forms Walkthroughs (Videos)
A NEW offering from CPA Canada, the C•PEM Forms Walkthroughs are prac cal videos are designed to
walk C•PEM subscribers through the process of filling out the key C•PEM forms step-by-step. With clear,
insigh ul explana ons from the author of C•PEM, Stuart Hartley, these short, five-to-ten-minute videos
discuss where each form fits within the audit process, the applicable CAS requirements and how each
form should be completed.
cpacanada.ca/cpemvideos
C•PEM Electronic Templates
Available exclusively to C•PEM subscribers, the C•PEM Electronic Templates include a Word or Excel
template of each of the sample forms, worksheets and engagement le ers contained in Part D of
C•PEM. These me-saving prac ce aids allow you to customize forms and le ers to meet the known
facts and circumstances of individual engagements and to conveniently complete them electronically.
cpacanada.ca/cpemt
Suite 600
97 Queen Street
Charlottetown, PE
C1A 7K7
Phone: 902-894-4290
Fax: 902-894-4791
E-mail: tobrien@cpapei.ca
Byrd & Chen’s Canadian Tax Principles – Professional Edi on 2014
Turn to this easy-to-understand guide when you need straigh orward answers to common personal,
corporate or GST/HST tax ques ons. Wri en for professionals who include tax work in their general
prac ce, Canadian Tax Principles contains over 700 pages of relible informa on designed to iden fy the
key issues in a tax problem and provide the answers you need to solve them.
cpacanada.ca/CTP14
Customers can contact our sales department at 1-855-769-0905, or customer service at 1-800-268-3793
All three professional accoun ng bodies in Prince Edward Island — the Ins tute of Chartered Accountants of Prince
Edward Island (ICAPEI), the Society of Management Accountants of Prince Edward Island (CMA PEI), and the Cer fied
General Accountants of Prince Edward Island (CGA-PEI) have united under the Chartered Professional Accountants
(CPA) designa on.
This publica on is sent by the Chartered Professional Accountants of Prince Edward Island (CPA PEI) and is also sent on behalf of the Ins tute of
Chartered Accountants of Prince Edward Island (ICAPEI), the Society of Management Accountants of Prince Edward Island (CMA PEI), and the Cer fied General Accountants of Prince Edward Island (CGA-PEI).