News Release - Office of the Comptroller General Approved

St. John’s, April 16, 2008 - The Institute of Chartered Accountants of Newfoundland (ICAN) today welcomed the Office of the Comptroller General for the Government of Newfoundland and Labrador as an accredited Chartered Accountant (CA) training office. The ICAN Board of Directors approved the Office of the Comptroller General on March 14, 2008.


“We are very pleased to be partnering with the Government of Newfoundland and Labrador to expand training office opportunities for chartered accountant students,” said Jeff Follett, CA, ICAN Board Chair. “This is an exciting time for the CA profession, and those aspiring to join the ranks. With new training opportunities available, CA students have new prospects available to them. In addition, our profession will continue to grow and prosper, as we continue to educate and train individuals for the CA designation. It’s a win-win all around.”


With the Comptroller General Office now accredited, training opportunities for CA students are expanded. In the past, individuals completing a CA designation could only complete the professional training component with either a chartered accounting firm or the Office of the Auditor General. However, last year the Canadian Chartered Accounting profession approved the development of expanded experience opportunities which allow select corporations and government departments to apply to provide CA designation training. In order to be accredited, an organization must meet strict standards of work experience and competency development required for the professional training program. The Office of the Controller General is the first organization in Newfoundland and Labrador to meet the requirements under the expanded experience opportunities guidelines.


“The CA designation is a well-respected profession across the country, involving a rigorous training component. We are delighted to be expanding training opportunities, thereby bringing more bright and qualified individuals into the profession,” said ICAN CEO Tashia Batstone, CA.


The Institute of Chartered Accountants of Newfoundland is a self-governing body representing over 600 chartered accountants. Its mandate is to serve and protect the public interest and to enhance the Chartered Accountancy profession.


A Chartered Accountant (CA) is a professional accountant who has met very high standards for professional knowledge, judgment and integrity. The designation is earned through training and practical experience obtained while employed with a firm of Chartered Accountants engaged in public practice, the Office of the Auditor General, and now, the Office of the Comptroller General. The program includes a formal education program with a national Uniform Final Examination.


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