For the Public
Under the Chartered Professional Accountants Act, CPA Nova Scotia
has the responsibility to regulate all matters, including competency, fitness
and professional conduct, relating to the practice of accounting by its members
and registered firms; CPA Nova Scotia is also required to establish and enforce
professional standards.
CPA Nova Scotia protects the
public by:
- Regulating the use
of the CPA designation in Nova Scotia;
- Establishing a
regulatory framework to which its registrants must adhere, including a
code of professional conduct and continuing professional development
requirements;
- Regulating
registrants within public practice, including requiring registrants to
carry Professional Liability Insurance and undergo Practice Inspections
when offering specific services to the public, such as audit engagements,
review engagements, specified auditing procedures, and compilations;
- Administering a
complaint and discipline process to address a registrant’s failure to
adhere to the regulatory framework