This is where we need a Ross Perot to come in and explain to us how this means thousands of poor American CPAs will lose their jobs.
Straight from the horse's mouth:
Chartered Professional Accountants of Canada (CPA Canada) and the American Institute of CPAs (AICPA) today announced an agreement that will enhance consistency in forensic and technology advisory services across North America by giving CPAs in both countries access to the same technical resources and credentials that signify advanced proficiency in the disciplines.
The agreement, which builds on a history of cross-border collaboration, extends to CPAs in Canada the opportunity to tap into a broad portfolio of specialized information – practice aids, webcasts, newsletters and online forums – through the AICPA’s Information Management and Technology Assurance Section and its Forensic and Valuation Services Section. CPA Canada members can join those sections and, with specific qualifications and experience, obtain the Certified in Financial Forensics (CFF®) and Certified Information Technology Professional (CITP®) credentials that distinguish CPAs in the practice areas.
“Clients and employers increasingly look for specialized skillsets to tackle issues made more complicated by technology and the pace of globalization,” said Frank Colantonio, CPA, CA, director of continuing education for CPA Canada. “This alliance between CPA Canada and the AICPA will help them more easily identify financial professionals across North America who have met the highest bar of competency to navigate complex issues like technology risk and fraud prevention.”
Why y'all gotta leave out the Instituto de Mexico Contadores Publicos, though? They're North Americans too.
Curious why, if we're all buddy-buddy with our friends from the north, is the CPA exam not offered in Canada? I mean, there's no place safer or more trustworthy. It's Canada!
Anyhoo, cross-border collab, enhanced consistency blah blah blah, you all know what's up. As far as these guys are concerned, this is the greatest mashup since Team Teamwork got all Stoopid with Gucci Mane.