ACC 521 Study Guide - Final Guide: Chartered Professional Accountant, Financial Audit, Accountant

• School: Ryerson University
• Department: Accounting
• Course: ACC 521
• Professor: Kathryn Bewley

Document Summary

*the essentials of auditors" professional roles and responsibilities. Since auditing is a critical function in the economy, it is extensively regulated to ensure it remains effective. In canada, the regulation of professional accountants and auditors is a provincial responsibility, and varies somewhat depending on the legislation in different provinces. The profession also has a national umbrella organization that all provincial organizations are associated with. The national umbrella organization is now cpa-canada, and there are counterpart. The provincial associations deliver the cpa-canada educational program, and also set a code of ethical conduct that members must follow (e. g. , cpa-ontario"s rules of professional conduct"). They are responsible for the admission of members, as well as inspection of accountants" practices and disciplinary actions to enforce the professional ethics code. The regulation of an individual accountant will depend on what kind of work the person is engaged in.