Professional Business Accountants’ Society of British Columbia has released an article “Professional Business Accountants’ Society of BC Celebrates Major BC Supreme Court Victory”, bringing to light the attempt by the Organization of Chartered Professional Accountants’ of British Columbia to prevent the Professional Business Accountants Society from using the word “professional” in their designation.
The 445 press release highlights the results of Justice Kelleher’s ruling, in the BC Supreme Court on the case of the Organization of Chartered Professional Accountants’ of British Columbia v. Nordine. The CPABC had sought to prevent the use of the respondents Professional Business Accountant – PBA designations. The petition relied on an expansive and monopolistic interpretation of the new CPA Act that was not consistent with the CA, CGA, CMA merger public consultation process nor the position of the Ministry of Advanced Education, which was responsible for introducing the new legislation.
This is a great victory for the “little guy” and shows that the CPA Act was not intended to give Chartered Accountants a monopoly on the provision of accounting services and thus ensures that there remains ample choice for professional accountants by small and local businesses in British Columbia and Yukon.
The official press release can be found here: http://www.pba-canada.org/
“We are pleased that the Court saw the merger legislation of the CA’s, CGA’s and CMA’s the same way as the government and the PBABC. This will allow us to continue to develop our brand of professional accounting to the benefit of our clients, without further threats by the CPA’s organization to limit our access to the public.” said Solomon Nordine, President of the PBABC and owner of Complete Accounting Solutions, based in Surrey, BC.
Nordine continues; “The aim of our battle in court was first and foremost to ensure that in a competitive free market the public should have the right to choose what type of designated accountant they believe is the right fit for their career or business.”
While the court victory might unsettle the Organization of Chartered Professional Accountants’ of British Columbia it is important for the public to know that the PBABC protects its clients by regulating PBA members through education, exam, entrance, ethics, experience, continuing professional education, errors and omissions insurance, and practice review requirements.
Professional Business Accountants’ Society of Canada (formerly known has the Registered Professional Accountants’ Association of Canada (RPAC) has been responsible for accrediting professional accountants for over 30 years.
Professional Business Accountants’ Society of British Columbia has stated the future aims for the website are is to provide accounting related education for small, local and professional businesses in British Columbia and Yukon.. So Professional Business Accountants’ Society of British Columbia hopes any controversy will pass quickly and re-emphasizes no offence is or was intended.
The Professional Business Accountants’ Society of British Columbia’s complete press release can be found at: http://www.completeaccounting.ca/blog/
Release ID: 124198