The Practice Review Committee (PRC) is responsible for making decisions in respect to practice reviews, in accordance with the Chartered Professional Accountants Act and the profession’s regulations, by-laws, and directives. After each practice review, the PRC determines compliance with professional standards and directs appropriate follow-up or remedial action in instance of non-compliance. They are also responsible for establishing education and experience qualifications to be met by practice reviewers, annually reviewing and approving a practice review checklist, establishing guidelines respecting practice review, and advising the CPA Alberta Board on relevant strategy, risk, and policy matters.
Doug Kroetsch, CPA, CA has been part of the Practice Review Committee for three years and has been a valuable voice since that time, due to his expertise and background. As the Alberta Market Managing Leader at RSM Canada, he is responsible for further integrating the three Alberta-based offices and growing the business in Western Canada. Doug has also provided assurance and consulting services to both private companies and government agencies in Canada, the United States, Asia, Africa, Latin and Central America, the Caribbean, and the Middle East.
The PRC is a fundamental component in protecting the public and ensuring that firms are compliant with procedures. Doug explains that the importance of the PRC is two-fold.
“It’s always important to see both the perspective of the public and the practitioner when it comes to reviewing the cases, and the Committee is always willing to go the extra step for that,” says Doug.
Doug says his time on the committee gives him the chance to give back to the CPA profession. “It’s an occasion to discuss and work with individuals who are like-minded. This committee is a great opportunity for those who have a continued desire to learn.”
The Committee currently consists of 12 CPAs and one Public Representative and is representative of the sizes and locations of firms in Alberta. Committee members collectively possess the experience and technical knowledge needed to address the broad range of circumstances that come before it.
“Being on the committee has been a continuous learning experience, and is so meaningful to your career. In the end it can make you a better practitioner,” Doug concludes.
If you are interested in becoming a reviewer or committee member, please email your bio to email@example.com.