| VANCOUVER, December 16, 2015 — On December 15, 2015, the Chartered Professional Accountants of British Columbia (CPABC) and the Washington State Board of Accountancy (WBOA) signed a Memorandum of Understanding and Cooperation (MOUC) to continue and expand upon the MOUC that was signed between the WBOA and the Institute of Chartered Accountants of BC (ICABC) in February 2015. The MOUC establishes a framework to ensure effective protection of the public interest through cooperative regulation between the two accounting bodies.|
The MOUC marks an important step forward in CPABC’s ongoing collaboration with the WSBOA to ensure cross border accounting activities are properly governed in the best interest of the public. Under the MOUC, each jurisdiction will promote and encourage compliance with mandatory registration of members who participate in cross-border accounting activities. In addition, the public will be able to identify the status of the license of any member offering or performing accounting services in that jurisdiction.
“This is an important milestone in strengthening the relationship between the two neighbours. It reduces confusion for those who conduct business on both sides of the border,” says Richard Rees, FCPA, FCA, President and CEO of CPAB. “We look forward to working more closely with WSBOA to support cooperative regulation of our members.”
The MOUC follows the agreement signed in 2009 by the governments of Washington and British Columbia to enhance cross-border competitiveness and prosperity.
Information for B.C.’s CPAs interested in practicing public accounting in Washington State: click here
Information for Washington State certified public accountants working in B.C.: click here
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