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This handbook is created for the benefit of RPA members and others engaged in the practice of accounting and related services, as well as those motivated to work in the field of accounting. Interdisciplinary thinking in accounting practice, strong ethical standards, relevant teaching, research, and discovery are the key elements that form the foundational mission of the Society. Whether beginners or established professionals, accounting practitioners will find valuable material assembled by experts, offering easy and quick reference.

The purpose of this handbook is to establish standards and provide guidance to accounting practitioners, particularly those offering additional services such as tax preparation, bookkeeping, or business consulting. It also includes updated guidance on the new CSRS 4200 Compilation Engagement requirements.

Download the Practitioner ‘s Handbook Here

Verification of Practice for RPA Members

The “Verification of Practice” is a critical process implemented by the Registered Professional Accountants (RPA) to ensure that all members adhere to the highest standards of professional conduct and competency. This process serves several key purposes:

Protection of the Public:

The primary goal of the Verification of Practice is to safeguard the public by ensuring that all RPA members maintain the integrity, skills, and ethical standards required of professional accountants. This process helps ensure that members provide services that are accurate, reliable, and in compliance with applicable laws and regulations.

You can now verify Practitioners, Members, Academic, and Student Members on our website.

The RPA Code of Professional Conduct outlines in detail the general and specific responsibilities of members concerning fair non-assurance financial reporting, business practices, transparency, and accountability. These duties are owed to clients, the profession, and the public.

All members are responsible for ensuring compliance with the Ethics Code, not only for themselves but also for those under their supervision. This responsibility extends to adherence to the standards set by the Society of Professional Accountants of Canada (SPAC) and the Canadian Institute of Accredited Public Accountants (CIAPA).

The RPA Professional Code of Ethics came into effect on November 18, 2021, replacing the previous Professional Code of Conduct and Ethics interpretations.

The Code is founded on the following fundamental principles of ethical and honorable conduct:

These principles are the hallmarks of the RPA Code and are vital to the conduct of all Registered Professional Accountants globally.

Download the Professional Code of Ethics 

Designations

The SPAC offers two accounting designations

The RPA designation is offered by  The Society of Professional Accountants of Canada.  For the RPA designation, RPA provides accounting knowledge through its comprehensive prerequisite courses offered by community colleges.

The APA designation (Accredited Professional Accountant) is an honorary fellowship designation granted to those who have been RPA for at least 10 years and with a particular distinction in accounting or public service.

     1.What is a Registered Professional Accountant (RPA)?

The Registered Professional Accountant (RPA) designation has been offered by the Society of Professional Accountants of Canada since 1978.

RPAs are recognized as professional accountants who uphold excellence and maintain high standards. With the RPA designation, you are qualified to prepare financial statements for management as an employee or for business clients as a practitioner.

The RPA study program is specifically designed to equip students with the skills to analyze financial information, instilling the confidence needed to take on leadership roles in Small and Medium-Sized Enterprises (SMEs). The RPA designation meets the demands of employers across all sectors of the Canadian economy.

      2. How can I become an RPA?

Pathways to Becoming an RPA

There are multiple pathways to achieve your RPA designation, tailored to your unique experience and background. Whether you are a recent graduate, a seasoned professional, or an international accountant.

Each pathway is designed to recognize and value your prior learning and experience, helping you achieve professional recognition with the RPA designation

     3. What benefits and opportunities will I gain upon completing the RPA program?

Upon completing the RPA (Registered Professional Accountant) program, you will receive several key benefits and credentials:

  1. RPA Designation: You will earn the prestigious RPA designation a true Canadian designation, officially recognizing you as a Registered Professional Accountant. This designation is a mark of professional competency and integrity in the accounting field.
  2. Professional Recognition: As an RPA, you will be recognized by employers, clients, and peers as a qualified accounting professional. This can enhance your career prospects and credibility in the industry.
  3. Expanded Career Opportunities: The RPA designation opens doors to a wide range of career opportunities in various sectors, including public accounting, finance, government, and private industry. It also positions you for senior roles that require a recognized accounting designation.
  4. Access to RPA Canada’s Network: You will become part of a professional discipline that offers, professional resources, and access to exclusive events with networking opportunities.
  5. Continued Professional Development: As an RPA, you will have access to ongoing professional education and training opportunities to keep your skills and knowledge current in the ever-evolving field of accounting and technology.
  6. Ethical Standards and Support: You will be part of an organization that upholds high ethical standards and professional code of conduct, providing you with support and guidance throughout your professional career.
  7. Global Recognition: The RPA designation is recognized internationally with a specific focus on Small to medium-sized businesses, providing opportunities for international practice and mobility.

These benefits will help you build a successful and respected career in accounting, with the credentials and support needed to thrive in the profession

   4. What are the steps to becoming a Certified Accounting Practitioner after obtaining the RPA designation?

 5. What are the costs associated with becoming a Registered Professional Accountant (RPA)?

The RPA (Registered Professional Accountant) fees are structured to cover various aspects of the designation process and ongoing membership. While specific fees may vary depending on your pathway and location, the general categories include:
  1. Application Fee: A one-time fee for processing your application and assessment of your academic credentials and experience.
  2. Exemption Fees: Prerequisite courses taken from approved colleges or universities must be submitted for exemption under the RPA program.
  3. ATMPE Fee: The ATMPE letter is an official approval document provided to candidates who have successfully completed all the necessary prerequisites and qualifications required to sit for the Mandatory Professional Examination (MPE) as part of the  RPA certification process.
  4. Review Sessions Fees: Review sessions are designed to help candidates prepare for their Mandatory Professional Examination (MPE).
  5. Examination Fees:  Fees are associated with taking the required competency exams for the RPA designation, the Mandatory Professional Examination (MPE).
  6. Certification Fee: A fee charged upon successful completion of the RPA program, covering the issuance of your RPA designation certificate.
  7. Annual Membership Fee: A recurring fee that maintains your active membership with RPA Canada, ensuring you remain in good standing as an RPA.

For a complete fee schedule click here:

 

6. What is the difference between the CPA and RPA designation?

The Chartered Professional Accountant (CPA) designation is awarded by CPA Ontario to qualified accountants. To obtain the CPA designation, students must contact CPA Ontario. One key distinction is that CPAs are eligible to become Licensed Public Accountants (LPA), a certification required to sign Audited or Review Engagement Reports in Canada. It is important to note that while every LPA must be a CPA, not every CPA is an LPA.

The Registered Professional Accountant (RPA) designation is offered by The Society of Professional Accountants of Canada. To qualify for the RPA designation, candidates must complete 20 prerequisite courses with integration of technology before sitting for the competency exam, known as the Mandatory Professional Examination (MPE). The RPA program provides a strong foundation in accounting through its comprehensive prerequisite courses, which are offered by approved community colleges or universities. Please note that RPAs are not licensed to sign Audited or Review Engagement Reports, as this requires Licensed Public Accountant (LPA) certification in Canada.