LATEST NEWS CPA Canada Announces New Reciprocal Membership Agreement with HKICPA A Reciprocal Membership Arrangement (RMA) between all provincial/regional Canadian CPA bodies and the Hong Kong Institute of Certified Public Accountants (HKICPA), a Global Accounting Alliance (GAA) member body, came into effective on June 1, 2018. The agreement provides for increased recognition of qualified professional accountants and identifies an expedited pathway by which one body's members are eligible to obtain the credential of the other. "The signing of this agreement clearly demonstrates the commitment of the Canadian CPA profession to help advance labour mobility through international recognition," says Joy Thomas, president and CEO, CPA Canada. "These agreements help our members by reducing barriers to global career opportunities as well as attract top talent to Canada which contributes to economic growth as well as social well-being." The objective of the RMA is to set out the basis on which members of the HKICPA may become reciprocal members of a provincial or regional CPA body, and vice versa. The terms of the RMA shall be for a period of five years. HKICPAs seeking the Canadian CPA designation are required to be members in good standing with the HKICPA. They are eligible to obtain the Canadian CPA designation if they completed the education and training route of the HKICPA, or a pathway under approved credit or other scheme arrangements that does not include exemption from the final qualifying exam of the certification. Click here for details. Canadian CPAs seeking a HKICPA credential are eligible to obtain a HKICPA credential if they are CPA members in good standing and completed any of the legacy (CA, CGA, CMA) programs or the post-unification CPA certification program. CPA members who completed the education, examination and experience requirements of the legacy CGA or CMA program must have completed two years of full-time or equivalent part-time, relevant post-qualifying experience that involve the use of accounting, attest, management advisory, financial advisory, tax or consulting skills. The experience may be from employment in public practice, private industry, non-profit or government. A Verification of Post Qualification Experience Certificate form has been developed for legacy CGA and CMA members seeking a credential from HKICPA. Click here for details.