Glossary
Abbreviations and terms used in this website are explained below.
Abbreviations
CA CARE CGA CICA CKE CMA HRDSC ICAO IQAB PAC SOA UFE |
Chartered Accountant Chartered Accountant Reciprocity Examination Certified General Accountant Canadian Institute of Chartered Accountants Certified Management Accountant Human Resources and Skills Development Canada Institute of Chartered Accountants of Ontario International Qualifications Appraisal Board Public Accounts Council |
Terms
| Term | Definition |
|---|---|
| A member in good standing | You are a member in good standing of your accounting body if you meet the regulatory body's standards and paid fees. |
| affiliation | Your affiliation is the professional accounting body of which you are a member. |
| accounting designation | An accounting designation is a title such as Chartered Accountant (CA), Certified General Accountant (CGA), or Certified Management Accountant (CMA). A person has a right to use an accounting designation when he or she is a member of the body that governs or has regulatory authority over the use of the designation. |
| chargeable hours | Chargeable hours are hours worked by a professional accountant that are charged to a particular client. The number of hours an accountant actually works may be different from the number of hours that he or she charges to a client. |
| chronological résumé | A chronological résumé lists your work experience beginning with your most recent job. |
| designated accounting body | A designated accounting body is a professional accounting body outside Canada with which the Institute of Chartered Accountants of Ontario (ICAO) has a reciprocity agreement to recognize the qualifications of each other's members. |
| exemption | Release from a requirement, recognizing that it was fulfilled through another equivalent or competency. |
| hearing | A hearing is an official meeting where you have an opportunity to present oral submissions and answer questions to have a determination made by the Institute. |
| non-assessed accounting body | A non-assessed accounting body outside Canada is one that has not been assessed by the International Qualifications Appraisal Board (IQAB) to determine if its education, examination and experience qualification process is comparable to that of the Institute. |
| non-designated accounting body | A non-designated accounting body is a professional accounting body outside Canada that has been assessed by IQAB as not equivalent to the Ontario qualification. |
| notarized | A notarized document is one that is certified to be true by a licensed official such as a notary public. |
| professional affiliation | Your professional affiliation is the accounting body of which you are a current or past member. |
| public accounting | Public accountants prepare financial statements for individuals, businesses, and other organizations and give opinions about the reliability of financial statements. You need a special licence to practise public accounting in Ontario. |
| protocol | A protocol is a set of formal rules that define how a process is carried out. For example, a complaints protocol sets out how members of the public can complain about a member of an accounting regulatory body. |
| reciprocity agreement | The Institute of Chartered Accountants of Ontario has mutual agreements with certain professional accounting bodies outside Canada to reciprocally recognize the qualifications of each other's members. These agreements are called mutual recognition agreements. |
| statute | A statute is a provincial or federal law. |
| syllabus | A syllabus is a description of courses and/or programs offered by a university or other educational institution. |
| the Institute | Institute of Chartered Accountants of Ontario (visit website) |
| transcript | A transcript is an official record of courses completed at a university or other educational institution. |