Newsletter April 2020

PROFESSIONAL ACCOUNTANT

eNewsletter – April 2020

PRESIDENT’S  NOTE

Dear RPA Members and Students,

As the COVID-19 pandemic continues on, we want you to know that we are
thinking about you, our friends, clients, country and global community. For
over 42 years, your success has always been the top priority for the Society
of Professional Accountants of Canada. No one could have imagined we would
be where we are today, but we hope you remember you are not alone. Your
Society is working hard to develop some new ideas and strategies that will
help you navigate this uncertain climate.

We are all going through unprecedented times and we want to send our
heartfelt thank you to all of the frontline responders. From frontline
workers in hospitals to our grocery stores, volunteers and everyone in
between, there are so many serving our communities during this challenging
time. We also thank the professional accountants, who are working day and
night to guide and advise their business clients on how to weather this
economic hardship and apprise them about the emergency relief available
through all levels of government. We must also thank all of you at home
practicing safe social distancing, your efforts truly make a difference.

It has been over a month now since we temporarily closed our office on March
16, 2020 after almost 42 years. We know that these are difficult times, but
together we will persevere. As this is a fluid situation we continue to
monitor and adjust as needed. This current crisis will force us to change
the way we live and the way we work. Virtual accounting offices will be the
norm and face to face meetings will be drastically reduced.  Those of us who
are still operating the old-fashioned way will have to rethink. We must be
willing to change and embrace new technologies and procedures. Learn,
unlearn and relearn will be the new norm.  The Society is working on
providing you with the tools and guidance to adopt to new opportunities and
new challenges. Please stay connected with RPA Canada through our social
media, website and webinars. As we weather through this time together, your
well-being will always be our primary concern. We sincerely wish the best
for you, your families, your employees and your business clients.

Thank you for continuing to put your trust in us!

Zubair Choudhry, RPA, APA

President

president@rpacanada.org

RPA WEBINAR

“Pathway to RPA designation & Future of Accounting Profession Post COVID 19
Pandemic”

Please join us to discuss the process of becoming an RPA. Learn more about
what it takes to become a Registered Professional Accountant, the benefits
of taking your career to the next level and have your questions answered.

Presented by:
Mike Saniga, CPA, MBA,
Director Engagement and Learning Innovation
RPA Canada

Zubair Choudhry, RPA, APA
President of RPA Canada

Tuesday, May 5, 2020

at 1:00 pm

*Link will be shared soon.

VIRTUAL ACCOUNTING PRACTICE

Client Confidentiality is the key when Professional Accountants serve their
clients through a “Virtual Accounting Practice”

COVID 19 is forcing all professionals to change the way they used to do
business.  Professional Accountants must also take note and prepare
themselves to serve their clients by moving towards a Virtual Accounting
Practice (work from home).  The Society of Professional Accountants of
Canada is providing a help sheet for RPAs who are working as Professional
Accounting Practitioners.

As accounting practices move to implement virtual workplaces, whether it be
to adapt to the COVID-19 environment, or to create a more flexible
workplace, a question commonly asked of the RPA Canada professional
standards teams is; what professional and ethical issues should I consider,
and what is the impact on my practice’s policies and procedures?  This help
sheet highlights key professional obligations include tips to manage these
for you and your team, and lists resources you may find useful in the
transition.

Maintain confidentiality over client and personal information. The Code of
Ethics imposes a duty of confidentiality on all members. This is reinforced
for Canadian practices through the RPA Code of Conduct.

DO:      1. Protect sensitive work: Can people overhear you/see your
screen/read your documents?

2. Where practicable do your work on dedicated work equipment

3. Use a secure internet connection to minimize cybersecurity risks

4. Remain aware and vigilant against cyberattacks

5. Lock your computer screen when you are not using it

6. Minimize the use of physical documents

7. Be aware of phishing attempts or cyberattacks

8. Use password-protected Wi-Fi

9. Connect with your software partners, and draw on their tips on working
remotely

10. Ensure any hard copy documents (e.g. working papers, client records,
correspondence) are stored securely.

DON’T:1. Print documents with personal information

2. Discard printed or hard copy documents with general trash

3. Let others use your dedicated work equipment

4. Use personal devices, email or non-approve