Beginning with this edition of Daily Dividends, CPA Alberta will be providing summaries of issues and decisions arising from regular meetings of the CPA Alberta Board of Governors. CPA Alberta hopes that CPAs will find these summaries interesting and useful. If you have any questions about information contained in the summaries, please drop us an email at: firstname.lastname@example.org.
Below is a summary of the key decisions and matters discussed at the CPA Alberta Board meeting of September 21, 2018.
- Board Chair Curtis Palichuk welcomed new Board Member Rachel Kucharski CPA, CA. Ms. Kucharski was the successful candidate in CPA Alberta’s recent Board election. She is currently a Partner in Audit and Assurance at Deloitte LLP in Edmonton.
- The Board received a report from CPA Alberta’s independent Chief Scrutineer Darren Buma. Mr. Buma confirmed that Ms. Kucharski received the most member votes in the CPA Alberta Board election, which closed on September 18. He also reported that in the same vote, members voted in favour of five amendments to CPA Alberta bylaws. As Mr. Buma is stepping down from his role at Chief Scrutineer, the Chair and Board Members thanked him for his nine years of service to the profession in this position.
- The Chair provided a report on upcoming activities he will be involved in. He noted that in late September, he will represent Alberta at a national Council of Chairs meeting in Winnipeg. The Council of Chairs comprises the Chairs of all provincial CPA bodies as well as the Chair of CPA Canada. Items on the Council of Chairs agenda include governance discussions and a roundtable discussion on the future of the profession (part of CPA Canada’s Foresight project.)
- CPA Alberta CEO Rachel Miller provided an overview of her recent activities. She also provided a summary of first-quarter activities and reporting highlights for CPA Alberta.
- Management provided a report on CPA Alberta’s recent cybersecurity assessment. CPA Alberta retained an external consultant to assess the state of CPA Alberta’s cybersecurity and preparedness against a potential cyberattack. The consultant found CPA Alberta’s cybersecurity protection systems to be good, but recommended some steps be taken to further strengthen the organization against cyberattacks. The Board supported management’s decision to take those recommended steps in a timely manner.
- The Board made several appointments to Board committees and to some statutory and non-statutory committees of CPA Alberta.
- The Board approved the Memorandum of Understanding between the Institute of Chartered Accountants of India and CPA Canada, as presented, to be executed by CPA Canada on behalf of CPA Alberta, subject to approval by all other Canadian CPA jurisdictions.
The next regular meeting of the CPA Alberta Board is scheduled for December 13, 2018.