Chartered Professional Accountants of Canada (CPA Canada) and the Korean Institute of Certified Public Accountants (KICPA) are to sign a Memorandum of Cooperation (MOC) which is partly aimed at implementing the Canada-Korea Free Trade Agreement (CKFTA).

CKFTA, Canada’s first free trade agreement with an Asia Pacific country, was concluded in March 2014 and came into force on 1 January this year. Once fully implemented it is expected that CKFTA will almost mutually eliminate tariffs for imports of goods between the two countries.

CPA Canada chief executive Kevin Dancey said the MOC highlights the desire of both professional bodies to "embark on future collaborative endeavours in areas of mutual interest."

Among those areas are professional education and certification; CPD education; standard-setting activities; and ethical standards and member certification.

"Avenues for greater collaboration will include the exchange of staff, documents and joint research, so that we can learn from each other and build solid ties between our two organizations," KICPA president Sungwon Kang said.

Last May CPA Canada strengthened its international bonds by signing a Memorandum of Understanding with UK’s Chartered Institute of Public Finance and Accountancy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

CPA Canada has more than 190,000 members and KICPA more than 17,000 members.