For Practitioners

CPA New Brunswick regulates the services provided by public practices to the public. All members who wish to begin or maintain a public practice are required to obtain a public practice permit.

The Chartered Professional Act of New Brunswick and the CPA New Bylaws describes "public practice" as those tasks, services and func­tions, as may be prescribed, performed by a chartered pro­fessional accountant and offered to or provided to the pub­lic" whether on a full‐time or part‐time basis, alone or in partnership with others, in respect of any one or more of the following:

  • performing an audit engagement and issuing an auditor’s report;
  • performing any other assurance engagement and issuing an assurance report;
  • a compilation, including a compilation of a financial forecast or projection, prepared while performing an external engagement service and the notice to reader communication is required as set out in the compilation engagement section(s) of the CPA Canada Handbook – Assurance;
  • accounting, insofar as it involves analysis, advice and interpretation in an expert capacity, but excluding record keeping; and
  • taxation, insofar as it involves advice and counseling in an expert capacity, but excluding mechanical processing of returns”.

 

By-law 18.01 prescribes that "Every Public Practice Permit holder shall be subject to practice inspections, conducted by the Practice Inspection Committee in accordance with Policies adopted by the Board which will conform, to the greatest extent possible, with any national standards for practice inspection adopted by CPA Canada".