learn the value of a CA
When thinking about becoming a Chartered Accountant Training Office, you may be asking yourself one very important thing: “What value would a CA bring to my business?” It’s an understandable question, with some very compelling answers.
Historically, Chartered Accountants have held themselves to the highest of standards. The profession was established in the 1800s, with a mandate that was and still is governed through legislation. Over more than 100 years, our Rules of Professional Conduct have been refined, guided by a series of strict and strong principles. In addition, our Pervasive Qualities and Skills are an integral part of the education and training process and include a focus on ethical behaviour and the development of personal attributes and professional skills that manifest themselves in every stage of a CA’s career. These values are what set CAs apart as the trusted experts they are, held in the high esteem for which they are known.
From the beginning, CAs are bred for excellence. All candidates must meet stringent formal academic requirements including the completion of a CA Institute accredited program. In addition to these expectations, CAs must pass many rigourous examination processes, including the profession’s stringent professional education program and the Uniform Evaluation (UFE). Produced by this process are some of the brightest students, placed on the path to becoming some of Canada’s most important business leaders. AND, not only are the standards rigourous to get a CA designation, but there are continuing education requirements to maintain it.
The Chartered Accountant accreditation is the only Canadian accounting designation to have reciprocity with the leading, internationally recognized accounting bodies of our major trading partners – the only Canadian member of the Global Accounting Alliance (GAA). This is due, in part, to the mutual recognition of the equivalence of each body’s qualification process, including education, evaluation and experience and means that companies with international offices have the opportunity to share and benefit from CAs from around the world.
In 2010, The Globe and Mail's Report on Business Magazine “Top 1,000 Companies in Canada” found that 62% had a CA in at least 1 of their top 6 positions, while 58% of them had a CA as their CFO. The survey also found that companies performed better when a CA was a part of their management, based on measuring the return on equity, return on capital and return on assets, as depicted in the chart below.
The CA profession’s long history of integrity, expertise and well-earned trust, our rigourous education and examination process and the globally recognized value of CAs make the benefits of bringing a CA into your organization obvious. The CA Training Office program provides businesses like yours with the opportunity to train some of the best and brightest graduates to earn their CA designation and grow into the valuable and unrivalled business leaders that CAs are known to be.
- » Value of becoming a CA Training Office
- » To help with succession planning for small CA firms
- » Organizations of any size can train CAs
- » The perfect CA for your business is the one who knows your business
- » Firms can take advantage of the decreasing supply of and increasing demand for CA students
- » You're able to attract and retain top talent
- » The value of a CA
- » Application process
When considering becoming a CA Training Office, you are likely to have many questions. To help you make the right decision for your business, we have put together some of our most frequently asked questions.
Q: What are the main responsibilities and commitments of a CA Training Office?