Canadian Institute of Chartered Accountants
CICA Canada’s main professional accounting organization. Established by royal charter in 1902, the CICA is Canada’s main body for accounting and external auditing, and it enjoys significant international prestige and influence. The work of its *Criteria for Control (CoCo) Board, renamed the Risk Management and Governance Board in 2001, has been recognized globally. The CICA’s Accounting Standards Board sets Canadian *accounting standards, and its Assurance Standards Board sets the country’s external *auditing standards. The CICA Handbook is the institute’s main reference source. The CICA also publishes the monthly *CA Magazine. CICA membership was approximately 75,000 in 2003, including student members. This makes it significantly larger than Canada’s two other accounting organizations, CMA Canada and the Certified General Accountants Association of Canada, which have approximately 45,000 and 55,000 members respectively (including students), working mainly as management accountants in industry. Following British traditions, CICA members are designated *chartered accountants. Web site: www.cica.ca

Auditor's dictionary. 2014.

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