cpabc member engagement tour 2016
TRANSCRIPT
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CPABCALL MEMBER MEETINGJUNE 24, 2015
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Victoria/Southern Vancouver Island
Prince George/Central Interior Peace
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BC REMAINED IN SOLID FISCAL SHAPE IN 2015
THE GOOD…3.1% real annual GDP growth
+27,800 new jobs+44,724 new residents
THE BAD…Marginal export growth
Highest consumer debt per capita in CanadaLowest average compensation rate in Canada
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BC continues to be leader in GDP growth, due to...Revived export sector and improved tourism; and
Continued population growth and positive consumer confidence.
OUTLOOK FOR BC’S ECONOMY IS OPTIMISTIC
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Establish input tax creditsDevelop BC’s skilled talent pool
Foster head office growthHelp small businesses grow
ENCOURAGE BC BUSINESS PRODUCTIVITY
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5 MAJOR DRIVERS OF CHANGE
GlobalizationTrust & RegulationBrand & ReputationDemographicsTechnology
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GLOBALIZATION
The move to global standards has increased the growth of global designations and consolidation, as countries jockey for influence at the standard setting table and pursue aggressive growth into international markets.
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GLOBALIZATION
Now we can focus on making the Canadian profession even more respected and trusted worldwide. The next 100 years will be ours to make great.
John Nagy, FCPA, FCGACPA Canada Board Member
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TRUST & REGULATION
Trust and regulation are essential to the health and stability of the profession and the economy.
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BRAND &REPUTATION
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DEMOGRAPHICSWe will need >1,000 CPAs each year for the next decade to meet demand.
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TECHNOLOGY
There will be an increased push to use technology to streamline tasks and create
efficiencies. As systems and machines become more capable, they will radically
change the nature of work done by professional accountants.
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PROFESSIONAL LIABILITY INSURANCE
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EDUCATION DELIVERY
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CPA EXECUTIVE PROGRAM
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NAVIGATING CHANGE
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The CPA Act should protect the use of the term “professional accountant.”
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CPABC has a statutory mandate to protect the public.
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Final Unification Milestone…CPABC Board Elections in 2017
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CPABCALL MEMBER MEETINGJUNE 24, 2015