Maintaining Your Designation
As a designated member of the Certified General Accountants' Association of Alberta, you are subject to Alberta's Regulated Accounting Profession Act.
The Regulated Accounting Profession Act (RAPA) is the omnibus provincial legislation by which Alberta governs the three major designated accounting bodies. It was created to protect the interests of the public and the integrity of the profession, to promote and increase the competence of registrants and to regulate the conduct of registrants.
Representatives from all three major accounting bodies and the government drafted and formulated the Act, which came into law on September 13, 2001. The Act allows CGAs to self-govern, sets rules for the Association's activities, and lists those activities which regulation, bylaw or Board policy must cover. It is available for the public to view on the Alberta Government's website.
The Alberta Government created one regulation for each designated accounting body specific to each body's different education and governance styles, though they are very similar in nature. The Certified General Accountants Regulation to the Regulated Accounting Profession Act (Alberta Regulation 176/2001, as amended up to and including Alberta Regulation 315/2003) was created in consultation with the government, and is specific to our registration process, educational system, ongoing requirements and protected titles. The Regulation also covers minimal amounts of liability insurance required for public accounting firms, indicates who must register as public accounting firms and shows categories of registrants.
CGA Regulation is available on the Alberta Government's website.
