Faqs For Cgas: Membership Application Form From This Page

FAQs for CGAs
Why did CGA-Canada and ACCA enter into this Do CGAs need to pass any exams or take any
agreement? courses before they can become eligible for ACCA
This Mutual Recognition Agreement (MRA) strengthens the membership under the terms of the MRA?
already excellent relationship between the two bodies. It offers Yes. CGAs must complete the Overview of UK Tax and Law course
us an unprecedented opportunity for a key strategic partnership offered by ACCA. Completion should take less than two days.
with a major accounting player renowned globally. It provides a
route for qualified members of either body to become a member CGA members may be exempt from the Overview of UK Tax
of the other body, and enjoy the benefits which both organizations and Law course if they have passed the ACCA UK Business
can offer. The agreement also provides a platform for greater Taxation paper and the English, Global or Scottish Corporate and
collaboration. Perhaps most important of all, is that in today’s Business Law paper or equivalent courses from recognised tertiary
environment, strategic alliances are integral to ensure continued institutions in the UK.
global recognition.
How do I arrange to take the ACCA Overview of UK

Who is ACCA? Tax and Law course?
ACCA is the largest and fastest-growing international professional CGAs interested in applying for ACCA membership can complete
accountancy body and has 424,000 students and 147,000 the overview course and then submit their application form
members in 170 countries. ACCA aims to offer first choice and course completion certificate to ACCA. The overview
qualifications to people of application, ability and ambition course can be accessed at CGA-Canada’s website at
around the world who seek a rewarding career in accountancy, www.cga-online.org/canada, logging in to PD Network, selecting
finance and management. ACCA works to achieve and promote Professional Development and clicking on Online Resources.
the highest professional, ethical and governance standards and
advance the public interest.
How much will ACCA’s Overview of UK Tax and Law
course cost?
What is the MRA about? Does it apply to me? The cost of Overview of UK tax and Law is $225.00 CD plus
The MRA provides a route for qualified members of either body to applicable taxes, the link to the course is:
become a member of the other body and enjoy the benefits which http://www.cga-pdnet.org/en-CA/PDResources/Pages/
both designations can offer. This includes providing members with OverviewUKTxandLaw20092010.aspx
increased international recognition and mobility. The MRA is not
applicable to students currently enrolled in the CGA Program of
Professional Studies. How do I apply to become a member of ACCA?
Simply download and complete the Direct admission to
membership application form from this page.
Does the agreement cover CGAs only in Canada?
No. The agreement offers CGAs around the world an opportunity
to become an ACCA member. How long will it take for my ACCA membership
application to be processed?
Most applications for ACCA membership will take four to six
What is the term of the MRA? weeks to be processed under this MRA.
Originally signed in 2006, the agreement was renewed in July
2011 and will run for another five years until 2016. It will be
re-visited for possible renewal after this time. Members receiving If I obtain my ACCA designation in one country will
ACCA membership as part of this MRA will not be affected, should it be recognised in another?
the MRA not be renewed after this term. Yes. ACCA enjoys international recognition.
What are the annual fees for ACCA? If I apply for membership with ACCA under this MRA
ACCA’s annual membership fees are currently £197.00 or do I have to keep my CGA membership?
approximately $310 Canadian. Yes. Members of both bodies are required to keep their original
designation if they are accepted as a member of the other body
under this MRA.
Why should I become a member of ACCA?
The MRA provides CGA members with increased recognition
in various parts of the world and, therefore, also increased If I am already an ACCA member, do I have to do
international mobility. anything?
No. Individuals who are currently members of both ACCA and
CGA-Canada only need to ensure each designation’s requirements
are maintained to remain a certified member of both bodies.
What do I need to do to maintain my membership I work in practice. Do I need to obtain a practicing
with ACCA? certificate from ACCA?
To maintain your membership you will be required to pay Yes. However, this certificate does not confer the right to work in
annual membership fees and meet the Continuing Professional audit. Visit www.accaglobal.com/members/professionalstandards
Development (CPD) requirements for both ACCA and for further information.
CGA-Canada. Both bodies have adopted International Federation
of Accountants’ (IFAC) CPD standards. Members in practice will
also be required to meet additional requirements. I have completed all the CGA requirements but
have not completed the practical experience
requirements to become a full member. Can I
What are the ACCA CPD requirements? qualify under the MRA?
They are the same as CGA’s CPD requirements. Both ACCA and No. Only certified CGAs can apply for ACCA membership. All CGA
CGA have adopted IFAC CPD standards. Members holding CGA practical experience requirements will need to be completed prior
and ACCA designations will be required to report CPD annually to to applying for ACCA membership.
both bodies.
If I complete my CGA CPD requirements, will this

count towards my CPD requirements as an ACCA For more information about ACCA’s admission requirements, or
member? how to maximize your benefits under this MRA, contact:
Yes. Completion of CGA’s CPD requirements will satisfy the CPD
requirements set by ACCA. ACCA Connect
2 Central Quay
89 Hydepark Street
Does the MRA confer the right to work in audit Glasgow G3 8BW
in countries where ACCA has statutory audit United Kingdom
recognition?
No. Members wishing to work in audit will need to meet Tel: +44 141 582 2000
additional requirements specified by ACCA or the relevant Fax: +44 141 582 2222
regulatory authority. Email: [email protected]

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FAQs for CGAs

How do I arrange to take the ACCA Overview of UK

If I complete my CGA CPD requirements, will this

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