LP CPA Saskatchewan by Postmedia Saskatchewan

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CPA SASKATCHEWAN

CPA Saskatchewan BUILDING THE CPA BRAND provides leadership and support

GREETINGS FROM THE CEO OF CPA SASKATCHEWAN On behalf of CPA Saskatchewan, congratulations to the successful Common Final Examination (CFE) writers! This is a significant accomplishment and demonstrates your dedication, perseverance, and hard work. You should begin this next step of your career filled with pride and enthusiasm. I wish you well as you embark on your careers as CPAs. - Shelley Thiel, FCPA, FCA

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CPA Saskatchewan congratulates its 142 candidates who successfully completed the Common Final Examination (CFE) from September 2019 and who are on their way to becoming CPAs. They have developed and demonstrated technical and professional skills they will take with them into the next stage of their careers. The demonstration of these skills earned two CPA Saskatchewan candidates recognition on the CPA Canada National Honour Roll. The CPA designation is Canada’s pre-eminent There are more than 5,000 Chartered Professional Accounaccounting and business tants in Saskatchewan. CPA Saskatchewan provides leaddesignation. With more ership, support and a variety of services to its members. than 5,000 members in Sas- PH O T O : GET T Y IM AGES katchewan, and over 217,000 members across Canada and support and a variety of ser- the profession in the provabroad, CPAs provide crucial vices to its CPA members ince. It represents all areas of expertise of the accountfinancial expertise to busi- and candidates. ing profession, including finesses in every sector of the G OV E R NA N C E nancial accounting, manageeconomy. CPA Saskatchewan is ment and management acCPA Saskatchewan is a self-regulatory profession- governed by a Board of 13 counting, finance, assurance al body established under members, including 11 CPAs and taxation. Professional accountants The Accounting Profession and two public appointees, Act (the Act). The objectives in accordance with the Act. in Saskatchewan are repreof CPA Saskatchewan are There are four Committees sented by a single, self-reguto regulate the practice of of the Board including Aud- lating body and hold the the profession, govern the it, Future Innovations, Gov- designation Chartered Proregistrants in accordance ernance, and HR & Nomin- fessional Accountant (CPA). with the Act and the Bylaws, ating. As well, we have five Legislation to create the Inand to assure the public of Regulatory Committees, stitute of Chartered Profesthe knowledge, skill, profi- namely the Discipline, Pro- sional Accountants of Sasciency and competency of fessional Conduct, Profes- katchewan (CPA Saskatchregistrants in the practice of sional Practice, Registration ewan) was proclaimed Novprofessional accounting and and Rules Committees. ember 10, 2014. Last fall CPA CPA Saskatchewan en- Saskatchewan celebrated its other services provided by registrants. CPA Saskatch- sures the protection of the fifth anniversary since unifiewan provides leadership, public and the visibility of cation!

Our national branding campaign is raising awareness of our profession, with more than 217,000 Chartered Professional Accountants at home and abroad. We are united under the Canadian Chartered Professional Accountant (CPA) designation. The evolution of the brand campaign continues to strengthen awareness and recognition of the value of the CPA designation, and showcases the benefits CPAs bring to the business world. C U R R E N T C A M PA I G N – T H E N EW FAC E O F C PA

Building on last year’s successful approach, the current

campaign continues to showcase real CPAs as the “new face” of leaders in business and society, positively influencing all sectors where their skills and experience can make a difference. Seven new CPA stories are being featured in TV ads, billboards, digital media platforms and social media posts. Their stories illustrate the range of skills, competencies and ethical standards that represent the diversity, strength and innovative spirit that exemplifies the Canadian CPA profession. One of the seven CPAs currently featured in the national branding campaign is from Saskatchewan.

THE FACE OF ADVANCEMENT CeCe Baptiste, CPA, CMA cpask.ca The newest brand campaign promoting the Canadian Chartered Professional Accountant (CPA) designation tells the stories of seven CPAs. One of those seven featured CPAs is from Saskatchewan: CeCe Baptiste. SUPPLIED PHOTO

Become a CPA and be a recognized leader Anyone becoming a Canadian CPA would be part of one of the world’s largest, most prestigious and influential accounting organizations. Being a CPA means you are a part of an influential global brand. Canada’s accounting profession has long been recognized as punching above its weight in the national and international financial community. The unification of all Canadian accountants into a single profession under the Chartered Professional Accountant (CPA) designation made the profession even stronger. Now one of the largest accounting bodies in the world, our members are part of one of the world’s most prestigious and influential accounting organizations – and that provides recognition that will benefit CPAs personally and professionally.

nancial reporting and assurance standards through its volunteer and financial support of the Accounting Standards Board (AcSB), the Public Sector Accounting Board (PSAB) and the Auditing and Assurance Standards Board (AASB), as well as their oversight by the Accounting Standards Oversight Council (AcSOC) and the Auditing and Assurance Standards Oversight Council (AASOC). A DV O C AT I N G F O R T H E PU B L I C

E X E RT I N G G L O B A L INFLUENCE

CPAs are highly sought after by international boards, committees and advisory councils to help guide the direction of business and best practices. CPA Canada has one member serving on the

Global Accounting Alliance (GAA) board and 17 members serving on International Federation of Accountants (IFAC) boards and committees. CPA Canada is the only organization with two members on the IFAC board. This broad representation ensures that the

Canadian profession has an impact globally. PROTE CTING C A NA D I A N S T H R O U G H S U PP O RT O F S TA N DA R D S E T T I N G

CPA Canada contributes to the development of fi-

The federal and provincial governments of Canada value the views of our organization. CPA Canada has established relationships with federal ministers’ offices, members of Parliament, various departments and national organizations to press

for a range of policy improvements, for both the profession and public. CPA Canada provides recommendations on a vast array of important and emerging issues including international taxation, consumer debt levels, foreign affairs, immigration, and Canadian innovation and productivity. I M PROV I N G O U R COMMUNITIES

CPAs are the engine behind what has been recognized by the Institute of Financial Literacy as one of the world’s best worldwide financial literacy programs. A network of close to 10,000 members goes into communities across Canada to teach people of all ages how to make good financial decisions that will support their financial health.

THESE ARTICLES WERE CREATED BY CPA SASKATCHEWAN FOR COMMERCIAL PURPOSES.

Our difference makers Congratulations to our successful CFE writers – talented professionals from our Saskatoon and Regina ofﬁces who passed a major milestone to become Chartered Professional Accountants.

REGINA

SASKATOON

Remi Dufour

Eric Holloway

Jared Christensen

Jena Delahey

Heidi Dick

Erika Gartner

Taylor Logan

Andrea Pettigrosso

Nathan Guy

Brooke Healey

Joshua Moreau

Nick Seredynski

Caroline Tan

Harjot Mavi

Jade Shirley

Gavril Tarasoff

kpmg.com/ca/cfe

© 2020 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 26411

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CPA SASKATCHEWAN ADVERTISEMENT

CPAs and what we do

CPA Saskatche wan is pleased to congratulate this year’s graduates, who are on their way to becoming Chartered Professional Accountants (CPAs). Who are CPAs? What do they do? Who do they work with? Find these and other answers here. C PA s p l a y k e y r o l e s within diverse segments of the economy including industry, government, education, public accounting, and the not-for-profit sector. They offer a strong set of accounting and managerial skills required for today’s complex and evolving environment. CPAs are broadminded, forward-thinking professionals who undertake appropriate analysis, exercise good judgment, communicate effectively and act to protect the public interest. These professional accountants are highly attractive to employers and

recruiters for the solid training and expertise that contribute to improved efficiency and growth. So, how do CPAs help the various sectors? INDUSTRY

CPAs working in industry provide valuable input on key decisions, apply a unique blend of expertise to identify new market opportunities, ensure corporate accountability, manage risk and help the company maintain a longterm competitive advantage. CPAs add value to organizations in roles such as CEO, president, CFO/vice-president of finance, treasurer, controller, consultant or systems developer, to name a few. GOVERNMENT

CPAs work at all levels of government providing accounting expertise to guide financial planning and to maintain fiscal control.

Roles include tax auditors, policy planners and financial analysts. EDUCATION

Many CPAs are educators who teach future leaders about business, values and ethics. You can find them teaching at universities, technical institutes or high schools.

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assurance (audits and reviews) preparing and analyzing financial information acting as trustee for receivership, insolvency or bankruptcy developing management controls

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management consulting forensic accounting and litigation support NOT-FOR-PROFIT

Stakeholders, including the general public, are taking a greater interest in the administration of orga-

nizations receiving donor dollars, tax benefits or government grants. CPAs help not-for-profit bodies with effective strategy development, accounting stewardship and the delivery of high-quality transparent annual reports.

WHAT TO EXPECT FROM A CPA?

PUBLIC PRACTICE

CPAs working in public practice provide their clients with services such as: ■ start-up counselling ■ purchases and sales of businesses ■ business valuations ■ business planning and financial projections ■ process deployment and improvement ■ developing strategies for securing financing ■ corporate and personal income tax planning ■ information technology need analysis

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The CPA profession is diverse, and not all Chartered Professional Accountants offer the same types of services to the public. Our profession has: 1. Licensed CPAs, who perform assurance services such as audit engagements or review engagements. 2. CPAs who provide services through firms, such as tax advice, compilation engagements, business valuations or consulting services. 3. CPAs who provide services to employers.

CPAs are expected to be competent and of good character in any area of practice. There are six elements in our code of conduct: integrity, competence, objectivity, confidentiality, moral and legal behaviour and co-operation with the profession’s regulations. When a member of the public engages in a service arrangement with a CPA, they must ensure to get an engagement letter from the CPA. This letter forms a contract that

can clarify the expectations of the parties, including billing protocols, timing of service delivery and documents required to complete the work. Typically, the public rely on CPAs who provide services to them as clients. When you engage the services of a CPA, you should ask all relevant questions. CPA Saskatchewan publishes a list of registered firms and their statuses, so the public can check on any CPA firm online.

The greatest asset in your future is you. Congratulations to our new graduates, who are on their way to becoming Chartered Professional Accountants! You are now equipped with the ﬁnancial and strategic expertise that today’s business world requires. Globally recognized and respected, Canadian CPAs are changing every landscape in which we live and work.

HONOUR ROLL RECIPIENTS

CPA SASKATCHEWAN 2020 CPA GRADUATES

Jonathan Neigum

April Polasek

Ahsan Amjad

Josh Andal

Melissa Ardagh

James Avery

Carly Barker

Danielle Bauml

Michael Bazin

Jannelle Beitel

Bailey Belchamber

Jaye Bennett

Connor Bloom

Lauren Breckner

Kyle Bryden

Amanda Buchholzer

Jacob Burns

Kathleen de Bussac

Weiyan Cheng

Stephanie Cheuk

Jared Christensen

Brendan Colville

Teagan Cook

Adam Danderfer

Carly Davidson

Tyler Dawson

Laural DeBusschere

Jena Delahey

Yunting Deng

Heidi Dick

Cole Dionne

Kyle Dormuth

Shanna Drozd

Kyle Dudley

Kellsie Dufault

Remi Dufour

Kimberly Dutchak

Kelsie Dutka

Timothy Eldred

Sydney Ellis

Eryn Enns

Wenjie Fu

Erika Gartner

Charea-Lynn Gibson

Renae Giroux

Michael Gonari

Yongche Guo

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CPA SASKATCHEWAN

Why become a CPA? CPA Saskatchewan is proud to congratulate its 142 successful CFE writers from 2019, who are on their way to becoming Chartered Professional Accountants (CPAs). Why become a CPA? Globally recognized and respected, the CPA designation is your key to a successful career. If you’re looking to enter the world of business or finance, you’ll need the professional accounting credential that will open doors and enhance your prospects. Becoming a CPA is a wise decision. While stereotypes still exist framing accounting as dull and overly precise, the fact is that Canadian CPAs are well-paid professionals who are in demand around the world. They are CEOs, board members, management consultants and more—and are critical to the success of any business or organization. Why become a CPA? DEMAND

Highly qualified professionals in the accounting, business and finance field will always be in de-

mand. With a Canadian CPA designation, you can be sure that you’re trained to meet Canadian and international market needs and that there is always room to grow. COMPENSATION

A CPA designation can help ensure a high starting salary and opportunities for advancement over time. GROWTH

The CPA designation can take you from the beginning of your career to the top position in any type of organization, in any sector of the economy. Along with comprehensive financial management skills, a CPA designation provides you with the soft skills that can make you an effective senior executive. UNLIMITED OPPORTUNITIES

CPAs hold many executive positions, including:

CEO or President A CPA background and experience is highly respected and many CEOs and presidents come up from

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CPA CANADA’S FINANCIAL LITERACY PROGRAM

the accounting and finance department.

CFO CFOs are responsible for advising the board and CEO on the financial direction of the company, and a CPA background can be the key to a CFO’s success.

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Treasurer You need to understand not only what the risks are, but what to do about them. CPAs are trained to see the big picture. When community and not-for-profit associations need help, they go to a CPA first.

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Board of Directors The board of directors is the highest governing authority at any company and the insights of a CPA are always welcome.

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Accounting Managers Accounting managers such as budget directors, auditing managers, comptrollers and more, require a special mix of qualifications that can only be learned through a CPA designation. ■

CPA Canada is working to address the growing social problem of financial literacy in Canada. We have the opportunity to become a fundamental driver of the economic health of individual Canadians, their businesses and the broader economy. The program’s mission is to deliver unbiased objective financial literacy education and information to improve the overall state of financial literacy in Canada. We deliver free financial literacy education at the grassroots level through our national CPA member network. Our CPA members are professional financial experts who have a solid reputation and position of trust with Canadians. Their top priorities are protecting and acting in the public’s interest. They are active in their communities and have a long history of giving back. FIVE KEY COMPONENTS OF THE PROGRAM

1. Financial literacy sessions – provided for free in local communi-

ties to targeted audiences, presented by local CPAs. Our face-to-face sessions provide direct education to the following targeted audiences: adults, seniors, new Canadians, elementary and high school students, post-secondary students, small and medium businesses, entrepreneurs, not-for-profits, remote communities and low-income. 2. Financial literacy volunteer program – our national network of CPA member volunteers 3. Online information, tools and resources 4. Research 5. Publications: ■ A Parent’s Guide to Raising Money-Smart Kids ■ A Guide to Financial Decisions: Planning for the End of Life ■ A Canadian’s Guide to MoneySmart Living ■ Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud ■ A Procrastinator’s Guide to Retirement: How to retire in 10 years or less ■ Survive and Thrive: Move ahead financially after losing your job

Nathan Guy

Brooke Hanna

Mohamed Hassan

Brooke Healey

Raylene Heiser

Blake Hermann

Troy Holfeld

Eric Holloway

Michael Holmlund

Hongsheng Huang

Jemima Irlandez

Hiromi Isa

Abdullah Ishtiaq

Ryan Janckila

Marsha Janvier

Chuan Jiang

Rebecca Johnson

Julie Jordison

Peiwen Kolosnjaji

Amanda Kostur

Tammy Kuntz

Jonathan Kwan

Armand LaPlante

Lyndon Laprairie

Donovan Lautsch

Amber Leachman

Weixian Li

Yangyang Liu

Taylor Logan

Chelsea MacDonald

Rowena Clarissa Mallari

Ellane Mangaser

David Maurer

Harjot Mavi

Taylor Metz

Jonathan Millar

Kyle Moore

Joshua Moreau

Matthew Mutschler

Renee Muyres

Shayla Napper

Abdul Basit Nasir

Su Ping Ng

Alanna Paidel

Nicole Parker

Koleban Paziuk

Andrea Pettigrosso

Cady Polishchuk

Hiteshkumar Prajapati

Florence Quinto

Hazel Rivera

Sajjad Safi

Emily Sarauer

Danielle Sauvé

Rachel Schultz

Liam Seidler

Nicholas Seredynski

Khushbu Shah

Jade Shirley

Jon Sieffert

Jennifer Skuse

Kaylee Sparrowhawk

Rhys Sutter

Rahat Tahir

Shadab Tahir

Lorisa Tamke

JiaYong Caroline Tan

Yunqian Tan

Gavril Tarasoff

Erin Templeton

Duncan Terry

Caroline Tu

Jason Vander Ende

Eric Verity

Ian Vogt

Jordan Walberg

Alexis Ward

Lyndon Weber

Samantha Weber

Evan Wellman

Jenna Wood

MISSING: Jorge Colin, Steven Dreznjak, Sabih Fawad, Kristen Hamilton, Scott Kohlenberg, Luisa Linares, Kirsten McKelvey, Kurtis Nicholson, Marcus Richards, Jeri-Lynn Walton, Anna Wehner, Logan Wert.

Wei Xiao

Li Jie Yang

cpask.ca

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CPA SASKATCHEWAN ADVERTISEMENT

C PA S a s k a t c h e w a n is thrilled to celebrate our graduates who are on their way to becoming CPAs. The Canadian Chartered Professional Accountant (CPA) designation prepares you for a life-long, rewarding career with unlimited potential. A CPA is your gateway to a world of exciting opportunities. The value of the CPA designation is recognized by

CPAs enjoy unlimited career opportunities organizations worldwide. As a Canadian CPA, you will have many career choices – multiple opportunities in many roles and in all sectors of the economy, at home and abroad. WORK IN ANY SECTOR

Ever y organization needs an accountant. Every tech startup, financial institution, entertainment company, non-profit, government agency – every-

one – needs the skills that a CPA can provide. As a CPA you will have the widest range of opportunities, so you can choose the environment that you want to work in. Regardless of your industry sector, your job is to be a forward-thinking financial leader and to apply the knowledge you’ve gained from the CPA designation to make important financial and business decisions.

THINK GLOBALLY

CPA s a re in dema n d throughout Canada, as well as internationally – there are thousands of CPAs working around the world, in the Caribbean, Asia, and Europe. CPA Canada offers a host of Mutual Recognition Agreements that allow CPA members to become designated by other associations. This, combined with the fact that the Canadian CPA is one of the

world’s largest and most respected designations, means that a CPA could be your opportunity to travel, work and consult around the world.

cialized fields in accounting, and a CPA designation can help you along your chosen path. SPECIALTIES INCLUDE:

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FIND YOUR NICHE

With the CPA education program, you can specialize in the area that most interests you. Economic, industrial, and technological developments have resulted in a number of spe-

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financial accounting management accounting auditing and assurance services tax accounting public accounting non-profit accounting forensic accounting international accounting

One-third of Canadians have fallen victim to fraud: CPA survey BY BRYAN BORZYKOWSKI for CPA Canada

Outdated and unsafe techniques used to protect personal information online are a key factor in creating increased vulnerability, CPA Canada’s 2020 Fraud Survey finds. In 2019, nearly 45,000 Canadians fell victim to fraud, losing more than $96 million, according to the Canadian Anti-Fraud Centre. Yet, according to CPA Canada’s 2020 Fraud Survey, many Canadians continue to use unsafe and outdated techniques to protect themselves and their personal data. As per the findings, 34 per cent of survey respondents have personally experienced fraud, with 18 per cent saying they were victims of credit card fraud and five per cent saying they were subjected to online fraud. The latter figure will likely rise as people do even more over the internet, says Claudiu Popa, principal risk adviser at Informatica and author of The Canadian Privacy & Data Security Toolkit for Small & Mid-Size Enterprises. The survey found that 74 per cent of Canadians visited or bought items from webbased retailers in 2019, while the same number bank online. “The frequency in which you carry out online transactions increases your risk, especially because Canadians are not using the most secure methods and systems,” says Popa. As well, 70 per cent share their lives on social media. “With more of our daily activities going online, the ability of fraudsters to take advantage of unsuspecting Canadians increases,” adds

Connor Bloom

Doretta Thompson, CPA Canada’s Financial Literacy Leader. “Devices such as smart locks, home security cameras, laptops and even smart TVs can be infiltrated and compromised with access to the right information.” While Canadians are learning more about fraud—54 per cent said they’re learning how to protect themselves from news media reports, while 47 per cent said they’re getting educated from their financial institution—many still have trouble recognizing fraud, says Popa. They still find it hard to differentiate a real email from a phishing scam, especially as fraud-related emails mimic real ones so well, while those fake Canada Revenue Agency phone calls are frightening enough to scare just about anyone into handing over their personal information. One problem is that for individuals, these fraud events occur in isolation. They get one email or one phone call and so they don’t recognize how these hackers work. “When you’re seeing one scam at a time, you don’t have the big picture perspective that allows you to see patterns and anticipate how these things are going to turn out,” says Popa. So, what can you do to make sure you don’t become a fraud victim? Here are some ideas: 1) CREATE BETTER PASSWORDS

The first step is to strengthen your passwords. Many people still choose an easy-to-figure-out string of letters or numbers. Popa says to use different passwords for different sites—

Kellsie Dufault

David Maurer

something most people don’t do. Consider online password managers, which can help you securely keep track of your passwords or, at the very least, write down your passwords on a piece of paper, which according to CPA Canada’s survey, only 22 per cent of people do. He also suggests using two-factor authentication, which is when you have to enter a code sent via text along with a password when logging into a site. Accounts that have two-factor authentication enabled are much more difficult to break into, he says. 2) REVIEW YOUR TRANSACTIONS

One of the easiest ways to detect fraud is to monitor your credit card transactions. An unexpected charge could be a sign that something nefarious has occurred. Fortunately, 87 per cent of Canadians surveyed do review their accounts monthly. However, implementing real-time transaction alerts, which many banks now offer, makes it even easier to determine if a bank account has been breached.

4) WATCH YOUR CREDIT SCORE

I t ’s a g o o d i d e a t o know your credit score—36 per cent of Canadians do not, according to the survey—because any change in that score could be a sign that a fraud has occurred. “Be aware of the changes in your score,” says Popa. “You want to see if there’s an abnormality.” Cre dit monitoring agencies Equifax or TransUnion Canada can send you one free report a year, while you can also sign up for notifications that can alert you to a potential fraud. 5) SCREEN YOUR CALLS

With more scams stemming from phone calls and texts, it’s more important than ever to keep your contacts up to date. Don’t answer calls or texts from unknown numbers—if it’s a real person they’ll leave a message. Currently, 37 per cent of Canadians do not screen calls from questionable

numbers. Take a look at CPA Canada’s 2020 Fraud Survey for further insight on what Canadians are lacking in

terms of protecting themselves and their personal information.

SOURCE: www.CPACanada. ca/News

Back: Ahsan Amjad, Chelsea MacDonald, and Evan Wellman Front: Rahat Tahir, Lorisa Tamke, and Kaylee Sparrowhawk

The Office of the Provincial Auditor would like to congratulate Ahsan, Chelsea, Evan, Rahat, Lorisa, and Kaylee for successfully completing the CPA common final exam. The Office of the Provincial Auditor is an independent office serving the Members of the Legislative Assembly and the people of Saskatchewan by providing independent assurance and advice on the management, governance, and effective use of public resources.

3) SHRED PERSONAL DOCUMENTS

While Popa says there aren’t as many dumpster diving fraudsters as there may have once been, it’s still important to shred any documents that contain personal and sensitive information. As soon as a document goes into the garbage, it’s ripe for the taking and it may even be considered public if it’s found off your property. You never know where your information might end up, he says.

CONGRATULATIONS TO OUR CPA GRADUATES

Sydney Ellis

Danielle Sauve

Success Adds Up Success is the result of perseverance, hard work and the ability to capitalize on opportunities. MNP proudly congratulates our Regina team members on successfully completing the 2019 Common Final Exam (CFE). As a leading national accounting and business consulting ﬁrm, here are ﬁve more ways we can help your business succeed. For more information, contact Regan Exner, Regional Managing Partner, at 306.790.7907 or regan.exner@mnp.ca

Rhys Jasper Sutter and Liam Seidler

Suite 100-2255 13th Ave, Regina, SK S4P 0V6

306-757-5555