Prior to October 1, 2017, PAFs were registered based on a “restrictions” basis: what services is the firm not able to provide, based on the education and experience of those in the firm. As an example, a firm may be “restricted from providing audit services,” since the CPAs in the firm do not have recent, related experience, education, or training in this area.
With the new Varied Registration Model, PAFs are registered based on an “approvals” basis: what areas of service the firm provides. As an example, a firm may be registered as providing compilation, review, and other regulated services.
Firms will be registered in one or more of the following categories under the Varied Registration Model:
- Other regulated services (including public accounting practice services)
Registration in this model is based on the training, qualifications, and experience of the members of the PAF. So, within any given PAF, different CPAs may be able to provide different services. CPA Alberta assesses any member who has the authority to issue any services defined as professional or public accounting practice on behalf of the firm to determine their eligibility to provide these services based on the requirements outlined in the Varied Registration Model. It is subsequently the firm’s responsibility to ensure appropriate individuals are providing appropriate services to clients and based on the staff member’s assessment as provided by CPA Alberta. This ensures that appropriately trained and qualified individuals are able to provide the services they are qualified and competent to deliver.