CPA NL CEO Update

With 2018 upon us, CPA NL’s CEO, Jason Hillyard, would like to thank the entire membership for their support and feedback over the past year, and wish them a healthy and prosperous New Year!

I hope you all had a wonderful holiday season and I wish you the very best in 2018. It’s hard to believe the holiday season has come and gone, but with a New Year will come new opportunity!

I was delighted to see the great turnout at this year’s Christmas Cocktail receptions in both St. John’s and Corner Brook.

It was equally wonderful to have the opportunity to introduce the latest CPA graduates to our membership and more recently to introduce our latest recipients of the Fellowship designation, FCPA. I look forward to celebrating these accomplishments at the convocation and awards ceremony on February 10th, 2018 at the Delta St. John’s.

SINCE THE AGM

At the AGM in June, the CPA NL Board for 2017-18 was appointed. There were four nominations to fill four Board vacancies, so no election was required. Steve Bragg and Trevor McCormick joined the Board for their first term, while Terry Hutchings and Rob Hull had their terms renewed. In addition, since the AGM, Tom Cooper and Wayne Myles were appointed by the Provincial Government to fill vacant Public Representative positions, and Derek Sullivan’s position as a Public Representative was renewed for another term.

At the AGM in June we also introduced changes to our by-laws relating to CPD reporting timelines and annual member dues payment deadlines. These administrative timelines have been changed to better align these processes with less hectic times in our members’ schedules, and to ensure compliance with the by-law requirements around suspensions and expulsions for non-payment of fees and failure to report. 

Throughout the summer, we worked with members and firms in public accounting to update our firm registry. All firms practicing public accounting in Newfoundland and Labrador must be registered with the Association. This up-to-date list will better enable the Association to support its membership and meet its mandate to protect the public. 

In September, we were pleased to welcome the returning and new board members at a board orientation and strategy session. Through the strategy session, the Board provided renewed clarity on the objectives for the Association as it moves to 2017-18 and beyond.

The Board has also listened to feedback from members regarding timing of the AGM and has made a decision to shift the AGM from June to September to better align with member schedules in an effort to increase attendance and participation at the AGM and related events.

AROUND THE LOCAL INDUSTRY

Over the past number of months, we have become aware that some financial institutions have received audit and review engagement reports signed by organizations or individuals who are not members of CPA NL and are not licensed to practice public accounting in Newfoundland and Labrador. Pursuant to legislation, a licence is required to perform assurance engagements (audits/reviews) and only members of CPA NL are eligible to obtain a licence. Non-licensed individuals providing these services is a primary concern to both our members and the public, and as such, we have sent cease and desist letters to those organizations and individuals that we have identified to be performing these restricted services. We have also sent letters to the financial institutions in the region advising them that they should contact CPA NL if they become aware of non-licensed individuals providing assurance services.

IN THE COMMUNITY

On a lighter note, the annual golf tournament for the CPA Education Foundation was held in September and was again a great success. The Board of the CPA Education Foundation has concluded their AGM and will prepare a summary of their accomplishments for circulation to the membership in the near future.

Our Professional Development program for the year is in full swing, and we still have a significant number of titles being offered through the winter. Our annual professional development conference was held in St. John’s on November 1st and 2nd and was a great success with over 225 single day registrations across the two-day event - our largest turnout yet!

In December, I had the benefit of visiting with a number of our members in Corner Brook, where I received great feedback and some new ideas for opportunities in the year ahead.

Similarly, earlier in the fall I had an opportunity to visit the membership in Central Newfoundland with our Student Recruitment Advisor, Amy Burridge from the CPA Atlantic School of Business, and we were able to provide those in the region a summary of the new CPA program and answer our members’ questions and a similar tour was held in May for our members in Labrador. It is always nice to meet up with the membership in a face-to-face forum like this; as such, my staff and I are happy to come into any of our members’ offices and discuss the profession, the education program, or any other topic. Should you wish to schedule such a session, please contact me directly at jhillyard@cpanl.ca.

 

Regards,

Jason Hillyard, CPA, CGA