Alberta CPAs are being asked to vote on an amendment to the regulations made under the Chartered Professional Accountants Act.
The amendment is an administrative change requested by the Government of Alberta. Specifically, the amendment would extend the deadline set out in Section 26 of the Regulations for a review of the Regulations from June 30, 2025 to June 30, 2030.
The rationale behind the request is related to the Government’s intention to implement the Professional Governance Act, which would replace the Chartered Professional Accountants Act and bring several professional regulatory organizations, including CPA Alberta, under a single piece of legislation. This new legislation would also create a new set of regulations. Since this legislative change is expected in the next year or so, a review of the current Regulations by June 2025 is unnecessary.
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