Who is responsible for the Canadian Chartered Accountant profession's standards?

The Canadian Institute of Chartered Accountants (CICA) is responsible for setting the standards for the Chartered Accountant profession in Canada. This organization plays a crucial role in establishing and maintaining the professional and ethical standards required for members of the accounting profession. The CICA formulates practices and guidelines that govern the conduct of Chartered Accountants, ensuring they meet quality standards in their work.

This oversight includes developing the Canadian Accounting Standards as well as influencing policy and regulatory frameworks that affect the accounting industry. Therefore, understanding the pivotal role of the CICA is essential for recognizing how standards and practices within the profession are maintained and enforced.