Standards of The Public
for the Province of Ontario
A designated body that seeks to be authorized to license and govern the
activities of its members as public accountants must meet certain minimum
standards relating to its:
examination and practical experience requirements;
rules of professional conduct, mandatory practice inspections of
accountants, the use of generally accepted accounting principles and
generally accepted assurance standards, discipline procedures, the issuing
of new licences to former licensees, the issuing of licences to persons who
are permitted to practice in other jurisdictions, and mandatory professional
governance standards respecting the licensing and governing the
activities of its members as public accountants.
The Council's initial Standards were adopted on June 20, 2006. They
were amended and restated on July 11, 2012 and further amended and restated
on December 24, 2012.