As part of its fiscal planning and oversight, the CPA Alberta Board recently approved an increase in CPA Alberta practice review rates. This $20 rise, from $190 per hour to $210 per hour for a review, is the first since unification of the profession four years ago. The change was deemed necessary to offset increased expenses associated with the practice review function. The fee change came into effect for reviews starting April 1, 2019.
Practice review is an essential component of CPA Alberta’s work to ensure the protection of the public and the integrity and reputation of the CPA profession. The Practice Review program fulfills a mandatory requirement for CPA Alberta to review all registered professional accounting firms (PAFs) and professional services providers (PSPs) who perform assurance, compilation and/or tax services, while providing an educational experience to Alberta CPAs and firms.