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Cga Agreement

By Zach Arnold | December 4, 2020

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To support the government`s vision, we have signed a long-term strategic partnership agreement with the prestigious local audit firm of the VAE – AAA (Accountants and Auditors Association) – to improve the financial sector in the United Arab Emirates: with an annuity charity gift (CGA), Duke University pays you a fixed income for life for a gift of $10,000 or more shares in cash or shares. This CGA agreement between you and the university can be put in place to pay one or two people, making them particularly attractive to people or couples looking for income in retirement. After you`re gone, the rest of your original gift will be applied to the lens you`ve chosen at Duke. Members of the two institutions that apply under this agreement should also remain members of their original designation. In 2020, we renewed our Mutual Recognition Agreement (MRA) with the Hong Kong Institute of Certified Public Accountants (HKICPA). The renewed agreement will be in effect until June 30, 2025. The Canadian CPA profession and the Association of Chartered Certified Accountants (ACCA) are currently negotiating a new agreement defining how members of the professionals involved can obtain the designation of the other profession. The process of negotiating a new agreement between CPA Canada and the ACCA has already begun and will continue in the coming months. CGA Provincial Bodies and CGA Canada signed the Existing Mutual Recognition Agreement (MRA) with the Association of Chartered Certified Accountants (ACCA) in 2011.

Following the unification of Canada`s three different accounting positions in 2014, the commitments of each CGA body that was a party to the agreement were transferred to the new CPA body for that jurisdiction. With the exception of CPA Bermuda, which did not have an older CGA body, and CPA Quebec, which announced the termination of the ACCA on October 17, 2012, the new CPA bodies continued to join the agreement. On April 8, 2020, CPA Canada submitted a notice to the ACCA for the MRA to terminate the MRA effective April 30, 2021. We will continue to keep all members informed of the status of our reciprocity agreements.

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