What Is the Role of a CPA?

The CPA (chartered professional accountant) plays a key role in all financial sectors of a company. These professionals work in various settings, including businesses, accounting firms, government, education, and nonprofits.

What is a CPA?

A CPA is a chartered professional accountant—not all accountants hold this credential. All CPAs are accountants, but not all accountants are CPAs. These experts identify financial opportunities, ensure reliable accounting, manage risk, and support business sustainability.

Services provided by CPAs

1. Tax planning and returns

CPAs provide advice to reduce corporate taxes or plan transfers with minimal tax impact.

2. Audit and review

External auditors deliver audit reports meeting regulatory requirements and attesting to the reliability of financial information.

3. Management

Daily operational support including budgeting, treasury management, and financial risk coordination.

4. Cost accounting

For manufacturers, CPAs help determine product costs, optimize pricing, and identify production risks.

5. Forensic accounting

Forensic accounting is a practice of financial audit in instances of alleged fraud. CPAs implement analytical procedures and report findings.

How to become a CPA

In Quebec, requirements include:

• Specialized graduate diploma in public accounting
• Pass the Common Final Examination (CFE)
• Complete a 24-month internship in an accounting firm or industry